Weekly Newsletter - February 18, 2026
Latest additions to CAalley:
Exposure Drafts:
Acts & Regulations:
Useful Forms:
ITR eFiling Utilities for AY 2025-26
From the ICAI:
ICAI Technical Guide - Company Law
Tech Zone:
Legal Updates:
News Update:
24-hour trades, hedging tools: RBI to rejig forex market rules
11 Ahmedabad CAs found guilty in bogus political donations case; ICAI lets them off with reprimand
From property deals to foreign assets: how the Income-Tax Department tracks your money
RBI plans mandatory reporting of offshore related-party rupee FX contracts
Know the new names of important income tax forms after 31 March, 2026?
Big tax relief for disabled employees: Travel deduction raised under draft tax rules 2026
RBI’s crackdown on mis-selling: What customers need to know
Gold taxation explained: Physical vs ETF vs SGB vs inherited gold
India-UK free trade pact likely to be implemented in April: Report
Sebi proposes price bands for gold and silver ETFs
Reserve Bank of India restores default loss guarantees for NBFCs
RBI curbs loans extended to brokers in blow to proprietary trading volumes
IndiGo faces ₹1.27 cr penalty over GST input tax credit, to challenge order
CGST Delhi South officials arrest one company director in fraudulent availing ITC of ₹6.53 crore
Govt clears Rs 10,000 crore Startup India Fund of Funds 2.0 to boost early-stage, deep-tech startups
Spectrum allocated to telcos not asset, can't be subjected to insolvency process: Supreme Court
RBI eases acquisition‑finance rules, allows higher limits and top‑up stake purchases
RBI allows banks to lend to REITs; bars land acquisition financing
Income tax refund delay: As refunds fall 19% in FY25-26, Minister reveals reasons in Parliament
Income Tax Dept issues Rs 4.62 crore demand notice to Equestrian Federation of India
Punjab: Ludhiana bizman arrested in ₹9-crore GST fraud case
Draft Income Tax Rules 2026 explained: How you can save Rs 1.41 lakh tax outgo
RBI proposes revamp of Lead Bank Scheme; aims to boost district credit flow, inclusion
New labour codes unlikely to hit salary hikes, but IT sector may see softer increments
Sebi working to cut compliance burden, says chairman Tuhin Kanta Pandey
Chennai CGST commissioner suspended
No more harassment calls for loan recovery? RBI to bring tough framework from July 1, 2026
Lok Sabha clears Industrial Relations Code (Amendment) Bill, 2026
Govt likely to roll out 8 components of export promotion mission next week
RBI looks to ban sales incentive to bank staffers from third party
Sebi flags misuse of SME platform, plans simpler rules for market access
Work-life balance and flexibility top priorities for CAs – survey
KPMG partner fined A$10,000 for using AI tools to cheat in test about AI
AI Agents Are Undermining SOX, And CISOs Are On The Hook
Are businesses expecting too much of AI?
Exposure Drafts:
Exposure Draft of Guidance Note on Audit of Banks (2026 Edition)
[Last date for Comments: February 23, 2026]
Draft Companies (Registered Valuers and Valuation) Amendment Rules, 2026
[Last date for Comments: March 5, 2026]
Draft rules for refund process from IEPF Authority
[Last date for Comments: February 27, 2026]
Draft Directions on Foreign Exchange Dealings of Authorised Persons
[Last date for Comments: March 10, 2026]
Draft Directions on Reporting Instructions for Authorised Dealer Category – I Banks
[Last date for Comments: March 9, 2026]
RBI Issues Draft Amendment Directions for instructions on ‘Lending to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)’
[Last date for Comments: March 6, 2026]
RBI invites public comments on the Draft Circular on Lead Bank Scheme (LBS)
[Last date for Comments: March 6, 2026]
Draft Amendment Directions for ‘Conduct of Regulated Entities in Recovery of Loans and Engagement of Recovery Agents’
[Last date for Comments: March 6, 2026]
Draft Revised Kisan Credit Card (KCC) Scheme
[Last date for Comments: March 6, 2026]
Draft Amendment Directions for ‘Advertising, Marketing and Sales of Financial Products and Services by Regulated Entities’
[Last date for Comments: March 4, 2026]
Consultation Paper on Review of provisions related to Base Price and Price Bands for Exchange Traded Funds (ETFs)
[Last date for Comments: March 6, 2026]
Consultation paper on Ease of doing business-Relaxations in the reporting requirements for stock brokers.
[Last date for Comments: March 6, 2026]
Acts & Regulations:
Master Direction - External Commercial Borrowings, Trade Credits and Structured Obligations
(Updated as on February 16, 2026)
Master Direction – Borrowing and Lending transactions in Indian Rupee between Persons Resident in India and Non-Resident Indians/ Persons of Indian Origin
(Updated as on February 16, 2026)
Master Circular for Issue of Capital and Disclosure Requirements
(Updated as on February 9, 2026)
Useful Forms:
ITR eFiling Utilities for AY 2025-26:
Updated on February 12, 2026:
ITR 1 - Excel Utility
From the ICAI:
Validation of UDINs on the e-Filing Portal Based on Five Parameters Instead of Four
ICAI Technical Guide - Company Law:
Technical Guide on Revised Directions issued by CAG under Section 143(5) of the Companies Act, 2013
(Published in February 2026)
Tech Zone:
Microsoft PowerToys: A Hidden Windows Upgrade Every CA Should Know About
Legal Updates:
Amendment to Notification S.O. 4850(E) - Establishment of ROCs under Companies Act 2013
Unique Transaction Identifier for OTC Derivative Transactions
Formation of new district in the State of Haryana – Assignment of Lead Bank Responsibility
Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026
Forms for registration of stock brokers and clearing members
Format of Net Worth Certificate and Checklist for conducting Audit of GAPs
Clarifications on provisions with respect to investment in Alternative Investment Funds(AIFs)
