Daily Newsletter - September 16, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

IBBI Draft

RBI Draft

Acts & Regulations:

IFSCA Regulations

Legal Updates:

Income Tax

IFSCA

DGFT

Customs

News Update:

Indian News:

No more tax wishlists? FM Sitharaman asks experts to make the case for what should go

UPI MDR above Rs 2,000 to attract 18% GST, merchants can claim input tax credit

Sitharaman urges ITRAF to make tax research more visible in policy process

CBIC to handhold MSMEs as less than 1,000 join customs duty payment scheme

NRI woman faced 200% penalty – how she got it reduced to 50% in ITAT

ED to fast-track 10 big PMLA cases in each region

Govt raises EPFO wage ceiling to ₹25,000; 5.1 mn more workers to be covered

EPF Scheme 2026: Can govt cut your PF contribution for 3 months? Explained

Tax department turns to AI for sharper scrutiny, compliance

Sebi proposes stronger tech resilience norms for exchanges, depositories

O.4% MDR kicks in from October 15 for ₹2,000-plus UPI payments

Explained: RBI proposes 60-day debit holds for suspected mule accounts

International News:

ICAEW criticises plan for criminal offence on tax declarations

Exposure Drafts:

IBBI Draft:

Discussion Paper - Strengthening safeguards in the Insolvency Resolution Process for Personal Guarantors to Corporate Debtors
[Last date for Comments: October 3, 2026] 

RBI Draft:

Draft RBI (Know Your Customer) Amendment Directions, 2026
[Last date for Comments: October 2, 2026] 

Acts & Regulations:

IFSCA Regulations:

IFSCA (Prohibition of Market Abuse in Securities Markets) Regulations, 2026

IFSCA (Employees Service) Regulations, 2026

Legal Updates:

Income Tax:

Procedure for registration of reporting person/entity and submission of Form No. 98 as per rule 160 of the Income-tax Rules, 2026 [SFT Notification No.3]

Order u/s 258(1) of the Income-tax Act, 2025 - Ministry of Petroleum & Natural Gas to share Aadhar / PAN information with CBDT

IFSCA:

IFSCA (Manner of Payment and Receipt of Premium) (Amendment) Regulations, 2026

DGFT:

De minimis exemption from Registration-cum-Membership Certificate (RCMC) requirements for low-value exports [Notification No.36]

Customs:

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.75(NT)]

Seeks to amend Notification No. 73/2021-Customs dated 17.12.2021 to extend the anti-dumping duty on imports of “Calcined Gypsum Powder” originating in or exported from Iran, Oman, Saudi Arabia and United Arab Emirates (UAE) till 16th March, 2027 [Notification No.22(ADD)]