Daily Newsletter - June 24, 2026
Latest additions to CAalley:
Exposure Drafts:
Acts & Regulations:
Useful Forms:
ITR eFiling Utilities for AY 2026-27
Tech Zone – Simplifying Technology for CAs:
Tech-Zone Series - New Article
Legal Updates:
News Update:
Income tax dept identifies up to 20,000 cases of individuals who used the ‘swapped provisions’ trick
What is the Index of Services Production and why does it matter?
India's wealthy trust AI, but not with their money
Overseas branches can lend to NRIs for deposits in India
Sebi for celebrity brand endorsements for MFs
India Inc gives GST thumbs up; seeks faster refunds, smoother audits: Deloitte Survey
Taxman to track slipping sectors & top tax payers
RBI aligns prudential norms for UPI-linked credit lines with base loans
FCNR (B) swap facility covers only principal, excludes interest: RBI
RBI eases MSME onboarding on TReDS, allows guarantee cover for financiers
Sebi proposes to allow direct market access route to all investors
Govt revises penalties under FCRA involving receipt of foreign contributions by NGOs
ED searches Rajesh Exports amid Sebi probe into alleged irregularities
NRI’s UK income taxed in India, gets ITAT relief
Sebi plans simpler rulebook for stock exchanges, doing away with obsolete provisions
RBI Governor asks banks to treat MSMEs as growth partners
KPMG Australia scandal widens after it confirms Optus data was also misused
KPMG scandal deepens Big Four accounting firms' woes in Australia
Exposure Drafts:
Consultation Paper on Common Advertisement Code for Specified SEBI Regulated Entities
[Last date for Comments: July 14, 2026]
Exposure Draft on the IRDAI (Third Party Administrators - Health Services) (Amendment) Regulations, 2026
[Last date for Comments: July 10, 2026]
Exposure Draft on IRDAI (Actuarial, Finance and Investment Functions of Insurers) (Second Amendment) Regulations 2026
[Last date for Comments: July 10, 2026]
Exposure Draft on Proposed Amendments to the IRDAI (Registration and Operations of Foreign Re-insurers branches and Lloyd’s India) Regulations, 2024
[Last date for Comments: July 10, 2026]
Exposure Draft on IRDAI (Insurance Surveyors and Loss Assessors) (third amendment) Regulations, 2026
[Last date for Comments: July 10, 2026]
Exposure Draft ON IRDAI (Insurance Intermediaries)(amendment) Regulations,2026
[Last date for Comments: July 10, 2026]
Exposure Draft on IRDAI (Manner and Procedure for Imposition of Penalties) Regulations, 2026
[Last date for Comments: July 9, 2026]
Acts & Regulations:
Published / Updated as on June 23, 2026
Reserve Bank of India (Trade Receivables Discounting System) Directions, 2026
Reserve Bank of India (Commercial Banks – Credit Facilities) Directions, 2025 (Updated)
Reserve Bank of India (Small Finance Banks – Credit Facilities) Directions, 2025 (Updated)
Useful Forms:
ITR eFiling Utilities for AY 2026-27:
Updated as on June 23, 2026
Common Offline Utility (ITR 1,2,3 and ITR 4)
• Windows
• Mac
Tech Zone – Simplifying Technology for CAs:
Tech-Zone Series - New Article:
Tech-Zone Series: Excel ITR Filing Mastery: Practical Hacks Every CA Needs This Season
Part 1: Data Import, Reconciliation & Template Mastery
Legal Updates:
Notification of the Companies Act 2013 w.r.t. New Development Bank [S.O.3140(E)]
The Companies (Registered Valuers and Valuation) Amendment Rules, 2026 [G.S.R.432(E)]
Open positions of Authorised Dealer Category-I banks
