Daily Newsletter - September 18, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

SEBI Draft

Acts & Regulations:

IFSCA Regulations

International Content:

AICPA Reference Material

Tech Zone - Simplifying Technology for CAs:

Tech Zone Article

Legal Updates:

Income Tax

DGFT

Customs

Central Excise

News Update:

Indian News:

CBDT removes arrest, detention provisions from tax recovery rules

Rs 1 crore foreign asset limit under FAST-DS 2026: What taxpayers must know about undisclosed income

Central GST Superintendent caught taking ₹8 lakh bribe in Bengaluru

RBI has record forex reserves, but why is rupee still not out of the woods?

Corporate Laws Bill: JPC seeks NFRA jail rollback as dissent flags fresh criminal liabilities

Tax audit filing deadline 2026: CA bodies seek extension to October 31, what taxpayers should do

SEBI cracks down on two 'desi' Jane Street for F&O manipulation

Taxman's JAARing move opens fresh debate over Mauritius treaty

‘Bereft of logic’: Delhi HC’s earful to ITAT over orders, handling of Patanjali income tax appeals

Foreign bank balance may be small, but its value could be much higher: How FAST-DS 2026 values your foreign assets

International News:

AICPA approves auditing standard for spotting fraud

US Federal Reserve raises interest rate by 25 bps to 3.75-4% range

Exposure Draft:

SEBI Draft:

Consultation Paper on Measures to Strengthen Business Continuity Plan (BCP) and Disaster Recovery (DR) of Market Infrastructure Institutions (MIIs)
[Last date for Comments: October 5, 2026] 

Acts & Regulations:

IFSCA Regulations:

IFSCA (Fund Management) Regulations, 2025, as amended up to September 10, 2026

IFSCA (Capital Market Intermediaries) Regulations 2025 as amended upto 05th September, 2026

International Content:

AICPA Reference Material:

AICPA Statement on Auditing Standards (SAS) No.150 - External Confirmations

Tech Zone - Simplifying Technology for CAs:

Tech Zone Article:

Are You Outsourcing Your Thinking to AI? What CAs Should Never Delegate

Legal Updates:

Income Tax:

The Income-tax (Fourth Amendment) Rules, 2026 - New Form No.(s) 169 & 171 [Notification No.120]

DGFT:

Revision in Timeline for Issuance of PSIC and One-time Relaxation for Issuance of Backlog PSICs [Trade Notice No.28]

Customs:

Authorised Officers under Section 25 read with Section 47 (5) of Food Safety Standards (FSS) Act, 2006 and Regulation 13 (1) of FSS (Import) Regulation, 2017 [Instruction No.16]

Central Excise:

Seeks to amend Notification No. 11/2026-Central Excise dated 26.03.2026 to revise the Road and Infrastructure Cess (RIC) rate on exports of diesel outside India [Notification No.51]

Seeks to amend Notification No. 08/2026-Central Excise dated 26.03.2026 to revise the Special Additional Excise Duty (SAED) rate on exports of Aviation Turbine Fuel (ATF) outside India [Notification No.50]

Seeks to amend Notification No. 06/2026-Central Excise dated 26.03.2026 to revise the Special Additional Excise Duty (SAED) rates on exports of petrol and diesel outside India [Notification No.49]