Weekly Newsletter - March 18, 2026
Latest additions to CAalley:
Exposure Drafts:
From the ICAI:
International Content:
Tech Zone – Simplifying Technology for CAs:
Legal Updates:
News Update:
Advance tax collections for FY26 up 6.42% to ₹11.13 trn, shows I-T data
MCA aligns accounting standards with OECD's Pillar Two Model Rules
Parliamentary Committee urges expedited WPI base revision to 2022-23
9-judge SC panel discuss what counts as 'industry'
HCs tighten scrutiny of GST enforcement actions amid due process concerns
NFRA flags ‘deficiencies’ in audit work of top firms
Think your father's property is yours by right? Not always: Court ruling
CCI plans to check abuse in AI space
Home loan default case: Why acting within 45 days can stop a bank auction
India eases FDI rules for firms with up to 10% Chinese shareholding
Top 10 wilful defaulters owe Rs 40,635 crore to banks, ABG Shipyard leads
Banks write off loans worth Rs 9.75 lakh cr in last 11 years
SEBI chief flags decline in registered investment advisers, warns of rising finfluencer influence
India inks terms of reference with Philippines, Maldives for trade talks
NFRA, ICAI mull mechanism to boost regulatory coordination
NFRA calls for stronger internal controls, documentation at audit firms
Rent hike clause valid even without registration? Here's what law says
Sebi outlines measures to boost investment advisory ecosystem: Pandey
Court rejects ED’s money laundering case against Rathi Steel
FinMin amends minimum public float rules for companies planning IPOs
CA Syal acquitted in 10-yr-old forgery case
Income tax dept asks to ignore ‘significant transactions’ emails, says they are 'erroneous'
Sebi sets new conditions for intraday borrowing by mutual funds from April 1
Parliament panel urges NFRA to study sector-specific audit issues
RBI imposes ₹2.7 lakh penalty on Manappuram Finance for KMP pay breach
Fitch Ratings increases India's GDP growth estimate for FY26 to 7.5%
How a Delhi CA routed Rs 900 crore in a year from online scams through Dubai
ED raids 19 locations in Rs 597 crore IDFC First Bank fraud; over 90 bank accounts frozen
Changing jobs and have multiple PF accounts? How to merge them online
Eco Stabilisation Fund to give fiscal headroom to tackle global shocks: FM
Sebi to ease transmission process after investor's demise
US launches 'forced labour' trade probe against 60 nations, including India
Is India-US trade deal on hold? Centre issues clarification
Overseas crypto earnings of moonlighters under I-T lens
Parliamentary committee flags rising delays in income tax refunds
Only 54 forms ready as new Income-Tax Act rolls out from April 1
SC to hear challenge to EPF rules governing international workers
Trump admin launches trade probes into 16 nations including India, China
FATF: India building tools to detect unregistered virtual asset firms
Operational hurdles in KYC, high costs deter int'l investors in GIFT City
Cash-free Sweden backpedals on banknotes
Would you take a probabilistic audit opinion?
[US] Institutional investors trust audits, but want independence
AI is changing infrastructure economics and accounting models
Hong Kong authorities arrest eight in insider trading probe into hedge fund, brokers
Exposure Drafts:
Consultation Paper on Modified norms for Nomination in Demat accounts and Mutual Fund Folios.
[Last date for Comments: April 7, 2026]
Consultation Paper on Ease of investing - Simplification of documentation requirement for transmission of securities and revision in threshold limits for simplified documentation
[Last date for Comments: April 2, 2026]
Consultation Paper on proposed regulatory framework for Trust and Company Service Providers (TCSP) and Special Purpose Vehicles (SPVs) for Leasing Activities in IFSC
[Last date for Comments: April 6, 2026]
Consultation paper on proposed Amendments in CMI Regulations and Master Circular with respect to Credit Rating Agencies
[Last date for Comments: April 5, 2026]
Consultation paper on proposed IFSCA (Managing General Agents) Regulations, 2026
[Last date for Comments: April 2, 2026]
From the ICAI:
Guidance Note on Audit of Banks (2026 Edition)
International Content:
IFRS for SME: Module 35 - Transition to IFRS for SMEs
Tech Zone – Simplifying Technology for CAs:
Series: Why AI Doesn’t Think Like Humans
Part 1 — Why AI Rarely Questions Your Question
Legal Updates:
Corrigendum to Notification No.19 [Notification No.20]
Advisory regarding confirmation of “Tax Liability Breakup, As Applicable” in GSTR-3B
Advisory on the Payment of pre-deposit while filing of appeal before First Appellate authority
Currency Chest operations on March 31, 2026
Securities Contracts (Regulation) Amendment Rules, 2026
Review of Coverage of Settlement Guarantee Fund for Commodity Derivatives Segment
IFSCA FinTech Sandbox Framework
Corrigendum to the Fee Circular dated March 02, 2026
