Daily Newsletter - March 6, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

RBI Draft

IFSCA Drafts

IFRS Draft

International Content:

FASB Reference Material

Tech Zone – Simplifying Technology for CAs:

Tech Zone Article

Legal Updates:

Income Tax

IBBI

SEBI

DGFT

News Update:

Indian News:

Govt expands income-tax reporting rules to cover crypto assets, CBDCs

RBI proposes rules to protect bank customers from online fraud; suggests compensation for small-value scams

‘Special 26’ drama in Wardha: 2 fake income tax officers nabbed

Delayed EPF dues for 2 years? HC slaps Rs 77,000 penalty on employer under EPFO rules

India faces rupee, inflation risks from West Asia conflict: Moody's

ED conduct searches against Reliance Power Ltd in Mumbai, Hyderabad

Centre may extend sector & sponsored schemes beyond April 1 amid ongoing review

Can tenants claim ownership after decades of occupancy? SC clarifies

International News:

AICPA Auditing Standards Board proposes changes to attestation standards

Exposure Drafts:

RBI Draft:

Draft Amendment Directions for ‘Review of Framework of Limiting Customer Liability in Digital Transactions’
[Last date for Comments: April 6, 2026] 

IFSCA Drafts:

Consultation Paper on the Regulatory Framework For Preferential Issues and Qualified Institutions Placements
[Last date for Comments: March 27, 2026] 

Consultation Paper on the Regulatory Framework for Rights Issues by Listed Entities In the IFSC
[Last date for Comments: March 27, 2026] 

Consultation Paper on IFSCA (Prohibition of Market Abuse in Securities Markets) Regulations, 2026
[Last date for Comments: March 27, 2026] 

IFRS Draft:

Amendments to the Fair Value Option for Investments in Associates and Joint Ventures
Proposed amendments to IAS 28
[Last date for Comments: April 20, 2026] 

International Content:

FASB Reference Material:

Accounting Standards Update
Derivatives and Hedging (Topic 815)
Hedge Accounting Improvements
[November 2025]

Tech Zone – Simplifying Technology for CAs:

Tech Zone Article:

Backup, Sync, Archive: Not the Same Thing – And Why Every CA Firm Should Understand the Difference

Legal Updates:

Income Tax:

The Income Tax (Amendment) Rules, 2026 - Inclusion of crypto assets and CBDCs into Income Tax Reporting under FATCA, OCED's CRS [Notification No.19]

IBBI:

Filing of Forms to monitor insolvency resolution processes for Personal Guarantors to Corporate Debtors under the Insolvency and Bankruptcy Code, 2016, and the regulations made thereunder

SEBI:

Introduction of Voluntary Lock-in / Debit freeze facility to Mutual Fund folios

DGFT:

Guidelines-Support for Emerging Export Opportunities under Export Promotion Mission (EPM) – NIRYAT PROTSAHAN [Trade Notice No.32]

Guidelines for Credit Assistance for E-Commerce Exporters under Export Promotion Mission (EPM) – NIRYAT PROTSAHAN [Trade Notice No.31]