Daily Newsletter - June 30, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

SEBI Draft

CA's Referencer:

Income Tax

Legal Updates:

IBBI

RBI

SEBI

Customs

News Update:

Indian News:

Govt keeps interest rates on small savings schemes unchanged for Q2

Flipping farm land for cash? ITAT’s ruling may close India’s oldest black money trick

EPFO hasn't issued any new pension form or deadline, clarifies govt

IndusInd CEO search: Bank shortlists three names for RBI review, includes Axis Bank’s Rajiv Anand

Eight years of GST rollout: PwC India proposes three-slab structure, inclusion of petro-products to ease compliance

New tax audit limit rule for CAs to apply from April 2026: ICAI president

Govt aims to clear SVB backlog in two years with bulk entry processing

Indian negotiators extend US stay as trade talks gather pace

MSMEs burdened by high compliance costs; face over 1,450 regulations annually: Report

Centre extends CBDT Chairman Ravi Agarwal's tenure till June 2026

Sebi confirms multiple raids in 'pump-and-dump' case, investigation ongoing

International News:

ICAEW four principles for evolution of reporting accountant role

PCAOB fines Dutch Big Four member firms for exam misconduct

Exposure Draft:

SEBI Draft:

Revised Guidelines for Capacity Planning and Real Time Performance Monitoring framework of Market Infrastructure Institutions with Commodity Derivative Segment
[Last date for Comments: July 20, 2025]
 

CA's Referencer:

Income Tax:

Depreciation Rates - Updated as per Finance Act, 2025 

Legal Updates:

IBBI:

Panel of IPEs as IPs and IPs prepared in accordance with ‘Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) (Guidelines), 2025’, for appointment as IRP, liquidator, RP and BT, for the period from July 1 to December 31, 2025

RBI:

Aadhaar Enabled Payment System – Due Diligence of AePS Touchpoint Operators

SEBI:

Extension towards Adoption and Implementation of Cybersecurity and Cyber Resilience Framework (CSCRF) for SEBI Regulated Entities (REs)

Customs:

Seeks to impose CVD on Digital Offset Printing Plates, originating in or exported from China PR and Taiwan [Notification No.5(CVD)]