Daily Newsletter - July 28, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

RBI Draft

Acts & Regulations:

IRDAI Master Circular

International Content:

ICAEW Reference Material

Legal Updates:

Income Tax

News Update:

Indian News:

Man denied mediclaim over Google Maps mismatch: Here's all you need to know

Error in ITR Utility: Penal interest is automatically getting added to taxpayers who don’t have to pay advance tax, check the details

New UPI rules from August 1

NCLT replaces RP in Anil Ambani personal guarantee case

Substance vs form: All eyes now on Tiger Global case after SC's verdict on global hospitality leader Hyatt International

‘GST Act little beyond understanding of common man’; HC overturns restaurant registration cancellation

‘No plan for GST on UPI transactions exceeding ₹2,000’, says MoS Finance in Rajya Sabha

Wife pays no income tax after selling two houses for Rs 6 crore gifted by her husband, wins case in ITAT Mumbai

Big relief coming for taxpayers: THESE low-value income tax cases to be dropped soon

FTA momentum: Piyush Goyal confirms Oman deal ‘almost finalised’; talks with EU, US & others also moving fast

Influencers, F&O traders among five new professional codes in ITR 3

Irdai sets higher targets for rural, social, and motor TP coverage in FY27

Irdai fines Star Health Insurance ₹3.39 cr for cybersecurity lapses

Sebi cancels registration of 13 advisers over non-payment of renewal fees

Centre appoints Anuradha Thakur as director on central board of RBI

Income Tax Dept analysing taxpayers’ ITR-filing patterns, online behaviour, says CBDT chief

International News:

Charting the global economy: ECB holds rates for first time in a year

Exposure Draft:

RBI Draft:

Draft Master Direction – Business Authorization for Co-operative Banks (Directions), 2025
[Last date for Comments: August 25, 2025]
 

Acts & Regulations:

IRDAI Master Circular:

Master Circular on Rural, Social Sector and Motor Third Party Obligations
[Updated as on July 25, 2025]

International Content:

ICAEW Reference Material:

Audit Monitoring Report 2025

Legal Updates:

Income Tax:

​Relaxation of time limit for processing of returns of income filed electronically which were incorrectly invalidated by CPC [Circular No.10]