Weekly Newsletter - August 13, 2025
Latest additions to CAalley:
Exposure Drafts:
Acts & Regulations:
Useful Forms:
ITR eFiling Utilities for AY 2025-26
CA's Referencer:
From the ICAI:
International Content:
Legal Updates:
News Update:
US SEC asks India to help serve notice to Gautam, Sagar Adani in fraud case
NPCI to push out pull transactions from November with eye on reducing UPI scams
Latest version of new tax bill, 2025 clarifies two key laws on income from house property
Sebi proposes standard code for smooth transfer of securities to heirs
Paytm secures RBI nod for payment aggregator licence after AntFin's exit
RBI allows NRIs to invest rupee surplus in vostro accounts in G-secs
FinMin notifies corrigendum to I-T Bill on interest for advance tax short-payment
Sebi rejects Anil Ambani's settlement plea over Yes Bank investments
Sebi flags ₹77,800 cr as difficult-to-recover dues in FY25 annual report
Merely possessing Aadhaar, PAN card or voter ID doesn't make person Indian citizen: HC
Raising FDI limit for insurers to 100% will create jobs: FM Sitharaman
15 CAs under ICAI lens for facilitating bogus donations to RUPPs
Credit boom shows cracks: Rising defaults in cards, personal, auto loans
Banks can take call on minimum balance, no RBI curbs: RBI Governor Sanjay Malhotra
IBBI proposes mandatory recording of CoC bidder eligibility in CIRP
New Income-Tax Bill restores alternate minimum tax relief for LLPs
Lok Sabha passes Taxation Laws (Amendment) Bill amid din
Income Tax Bill 2025: Key changes for property owners, taxpayers, investors
India said to be planning credit guarantees for small firms, exporters hit by US tariffs
Karnataka witnesses 5-fold jump in GST tax evasion at ₹39,577 cr in FY25
New Income-Tax (No.2) Bill 2025 - August 11, 2025
Stock exchanges expand definition of 'Promoters' for IPOs to enhance corporate governance
PNB to sell NPAs worth up to Rs 5,000 crore to ARCs, eyes 50% minimum recovery
Mumbai gold scam: CA, father-son duo held; investors lose Rs 43.76 crore
Raids conducted on over a dozen high-end salons for GST evasion
SEBI Scraps Transaction Charges For Mutual Fund Distributors With Immediate Effect
SEBI proposes measures to expand resident Indian participation in FPIs
New tariff on 'transshipped' goods mystifies importers
India won't bow down to anybody, says Piyush Goyal
Sebi proposes new lighter-touch approach for accredited investors for AIFs
RBI imposes ₹75 lakh penalty on ICICI Bank for compliance breaches
Govt reopens textiles PLI scheme portal to invite fresh applications
Returning to India? Tribunal ruling may hit property, gifts, fund transfer
Independent directors must be stewards of accountability: Sebi chief
Sebi permits joint inspections of stock brokers by Market Infrastructure Institutions
Co-lending norms: Tech integration could prove a hurdle
FM Sitharaman withdraws Income Tax Bill, revised draft to be tabled Aug 11
AU Small Finance Bank gets RBI approval to become a universal bank
Banks must release funds without legal docs for survivor accounts: RBI
SEBI Chairman says reports on curbing weekly expiry are 'speculative'
GST fraud: ED raids in Jharkhand, West Bengal and Maharashtra
RBI mandates 10% loan retention for banks, NBFCs under co-lending deals
Income-tax (No.2) Bill, 2025
[As Introduced in Lok Sabha on August 11, 2025]
Corrigenda to Income-tax Bill (No.2), 2025
AI evolution prompts sense of urgency among CFOs: Oracle
Exposure Drafts:
Discussion Paper – Measures to enhance integrity of the Corporate Insolvency Resolution Process (CIRP)
[Last date for Comments: August 27, 2025]
Draft Circular on ‘RBI (Settlement of Claims in respect of Deceased Customers of Banks) Directions, 2025’
[Last date for Comments: August 27, 2025]
Draft circular on Ease of doing investment - Smooth transmission of securities from Nominee to Legal Heir
[Last date for Comments: September 2, 2025]
Addendum to Consultation Paper on Review of Regulatory Framework for Registrars to an Issue and Share Transfer Agents – related to fees
[Last date for Comments: August 28, 2025]
Consultation paper on providing flexibilities to Large Value Funds for Accredited Investors (“LVFs”) under SEBI (AIF) Regulations
[Last date for Comments: August 29, 2025]
Consultation Paper on introduction of “Single Window Automatic & Generalised Access for Trusted Foreign Investors (SWAGAT-FI)” framework for FPIs and FVCIs
[Last date for Comments: August 29, 2025]
Consultation Paper on proposals to facilitate participation by resident Indians in Foreign Portfolio Investors (FPIs)
[Last date for Comments: August 29, 2025]
Consultation Paper on introduction of separate type of AIF scheme for only Accredited Investors
[Last date for Comments: August 29, 2025]
Proposals for Ease of Doing Business for Investment Advisers and Research Analysts
[Last date for Comments: August 28, 2025]
Consultation Paper on Review of Regulatory Framework for Registrars to an Issue and Share Transfer Agents
[Last date for Comments: August 28, 2025]
Consultation Paper for Framework on Stewardship Code in IFSC
[Last date for Comments: August 27, 2025]
Acts & Regulations:
Reserve Bank of India (Non-Fund Based Credit Facilities) Directions, 2025 (Issued on August 6, 2025)
Reserve Bank of India (Co-Lending Arrangements) Directions, 2025 (Issued on August 6, 2025)
Useful Forms:
ITR eFiling Utilities for AY 2025-26:
ITR 5 - Excel Utility & Schema have been released
CA's Referencer:
Checklist for Certificates issued by Chartered Accountants
[Published by ICAI]
Handbook On “Know Your Lender, Grow Your Business” (KYL-GYB)
[Prepared by Ministry of MSME]
From the ICAI:
Practical Guide to GST Disputes by ICAI
[Published in June 2025]
International Content:
Using ISSB Industry-based Guidance when applying ISSB Standards
[Educational material - July 2025]
Disclosing information about an entity’s climate-related transition, including information about transition plans, in accordance with IFRS S2
[Guidance document - June 2025]
Legal Updates:
SEBI (Investment Advisers) (Amendment) Regulations, 2025
SEBI (Research Analysts) (Amendment) Regulations, 2025
Transaction charges paid to Mutual Fund Distributors
Review of Framework for conversion of Private Listed InvIT into Public InvIT
Regulatory Framework for Global Access in the IFSC
