Weekly Newsletter - April 10, 2026
Latest additions to CAalley:
Exposure Drafts:
Acts & Regulations:
Useful Forms:
ITR eFiling Utilities for AY 2025-26
From the ICAI:
ICAI Publications - Direct Taxation
CA's Referencer:
Tech Zone – Simplifying Technology for CAs:
Legal Updates:
News Update:
Tax experts seek CBDT master circular to resolve legacy guidance issues
RBI tightens timelines for inward remittances, mandates faster credit
RBI may soon make you wait an hour before your UPI transfers goes through
Irdai revises cyber security norms, mandates stronger governance
Have a medical emergency? You can soon access part of your NPS savings
Sebi eases compliance norms for IPO lock-in of pledged shares
RBI simplifies MSME onboarding on TReDS, removes due diligence norm
RBI opens term money market to NBFCs, corporates to boost liquidity
RBI proposes scrapping IFR, allows quarterly profit inclusion in CRAR
CBI nabs GST superintendent, inspector in bribery trap in Chennai
GST officer, aide arrested for taking Rs 9,000 bribe in Navi Mumbai
4 new PAN card forms in FY26-27: Old vs new
New ITR forms require deails of political donations - check details
RBI holds repo rate at 5.25%: 5 key takeaways from April MPC decision
Irdai sets up sub-panel to review private health insurance landscape
Sebi grants one-time relaxation to IPO-bound companies, MPS norms
Supreme Court rules no personal hearing needed before declaring bank account as fraud
EPFO 3.0 withdrawal rules explained: When can EPF members withdraw their PF corpus through UPI?
Laid off or lost your job? Check EPFO withdrawal rules in case of unemployment
RBI proposes new BC structure and branch norms in draft guidelines
US 401(k) and other overseas pension account holders: Forms ITR-1 and ITR-4 are no longer available
Sebi wants independent directors to adopt 'constructive approach'
Audit firms wary as govt proposes to tighten rules
Loan against PPF: Who can borrow, limits, rates, and repayment rules
ITR filing: 4 disclosures you need to be ready with in new financial year
Identity theft: How a farmer ended up with a ₹14 cr tax bill he never owed
Delhi High Court asks CBDT to clarify tax on partners’ bonuses, stays recovery
Form 130 replaces Form 16: Experts explain what's changing in 'tax year'
ITR changes from April 2026: 5 key updates for Tax Year 2026–27 explained
India may soon notify new audit standards after prolonged regulatory tussle
Carrying gold or extra gadgets into India? What new baggage rules allow
Send or receive money abroad? New tax rules will change your paperwork
CAG flags tax irregularities by banks, NBFCs
Income tax dept opposes benefits to Jane Street Singapore
RBI retains bond structure, upgrades operations for savings bonds
Sebi mulls reintroducing open market share buybacks amid tax changes
Irdai seeks compliance check, action plan on dark patterns from insurers
RBI allows residents to exchange rupee notes at airport forex counters
No more 15G vs 15H confusion! New tax rules from April 1 change everything
Explained: How CBDT's GAAR tweak changes taxation for investors
FY27 bring new real estate tax rules: What stays, what gets easier
Govt grants full customs duty exemption on critical petrochemical products
Tiger Global ruling concerns: CBDT exempts pre-FY18 investments from GAAR
Irdai forms joint expert group to guide insurers on Ind AS transition
Govt imposes import curbs on gold, silver jewellery to check misuse of FTAs
AI is Co-Writing End-of-Month Financial Reporting. Here’s What that Means for Auditors
Why we still need junior accountants in the age of AI – and how their roles might change
[UK] Auditors told they cannot blame AI for failures
EY sets aside record £188mn for fines and legal claims
What to know about the new PCAOB auditing standards
Audit report card: More internal audit teams suffered cuts in 2025
Exposure Drafts:
Draft “Reserve Bank of India (Governance) Amendment Directions, 2026”
[Last date for Comments: May 7, 2026]
Draft Directions for ‘Trade Receivables Discounting System’
[Last date for Comments: May 1, 2026]
Draft Amendment Directions on ‘Investment Fluctuation Reserve’
[Last date for Comments: April 29, 2026]
Draft Amendment Directions on ‘Review of guidelines on inclusion of quarterly profits to Common Equity Tier 1 (CET1) capital for computation of Capital to Risk weighted Assets Ratio (CRAR) for Banks’
[Last date for Comments: April 29, 2026]
Draft RBI (Branch Authorisation) Amendment Directions, 2026
[Last date for Comments: May 5, 2026]
Re-introduction of Open Market Buy-Back of Shares or Other Specified Securities through Stock Exchange
[Last date for Comments: April 23, 2026]
Draft Mapping of Services Accounting Codes (SAC) and Introduction of Foreign Currency Expense Reporting for IFSC Units under SERF and MPR
[Last date for Comments: April 29, 2026]
Acts & Regulations:
Check out the 41 RBI Master Directions updated in April 2026
The Insolvency and Bankruptcy Code (Amendment) Act, 2026
[Published on April 7, 2026]
IFSCA (Pension Fund Regulations), 2026
IRDAI Information and Cybersecurity Guidelines, 2026
Useful Forms:
ITR eFiling Utilities for AY 2025-26:
Updated as on April 9, 2026:
ITR 1 - Excel Utility
Excel Utilities and Schemas have been updated to include filing u/s 139(8A)
Utilities and Schemas have been changed for:
From the ICAI:
ICAI Publications - Direct Taxation:
CA's Referencer:
NFRA Auditor-Audit Committee Interaction Series 5 -
Dealing with Audit of Provisions, Contingent Liabilities & Contingent Assets – Ind AS 37, SA 540, and SA 501
[Published on March 31, 2026]
Tech Zone – Simplifying Technology for CAs:
How to Know — Before a Crisis — If Your Backup Will Actually Work
Why Your CA Firm’s Data Is Probably Backed Up… But Not Recoverable
Legal Updates:
Effective date for DTAA between India and Japan to come into effect [Notification No.56]
Explanatory Note - Amendment in Companies (Incorporation) Rules, 2014
Important MCA Update for Directors
Guidelines to facilitate faster cross-border inward payments
Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs)
Floating Rate Savings Bonds, 2020 (Taxable) - FRSB 2020 (T) - Operational Guidelines
Risk Management and Inter-Bank Dealings (Revised)
Overseas Investment – Submission of References to the Reserve Bank
One-time relaxation with respect to validity of SEBI Observations
Reporting Norms for Capital Market Intermediaries
Amendment to Circular on Appointment and Change of KMP by an FME
Surveyors and Loss Assessors clarification regarding payment of Annual Fees [Circular]
Clarifications on implementation of Indian Accounting Standards (Ind AS)
Constitution of Joint Expert Group (JEG) on Ind AS-01.04.2026 [Order]
Amendment in Export Policy of Feathers [Notification No.8]
Amendments to Para 2.90 of Handbook of Procedures 2023 [Public Notice No.1]
Amendments to Para 2.62 of Foreign Trade Policy 2023 [Notification No.5]
Supply of essential commodities to the Republic of Maldives during FY 2026-27 [Notification No.1]
Seeks to exempt AIDC on certain commodities [Notification No.13]
Seeks to exempt BCD on certain commodities [Notification No.12]
