Daily Newsletter - July 18, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

SEBI Draft

Useful Forms:

Income Tax eFiling Utilities

Legal Updates:

Income Tax

GST

RBI

DGFT

Customs

News Update:

Indian News:

Sebi plans revamp of MF categorisation norms to curb scheme overlap

NCLAT stays insolvency proceedings against Reliance Infrastructure

Tired of EPF passbook site errors? This govt app can help; here's how

Income tax audit forms are now enabled for business and professional income on ITR e-filing portal, check 5 prominent changes in form 3CA-3CD and 3CB-3CD  

Online ITR-2 filing enabled with pre-filled data: Income taxpayers with capital gains, crypto, other incomes can now file ITR-2 online

Rs 1,700 crore: Hidden cost of sending money abroad

CGHS rates to be revised soon, says Union Minister Mansukh Mandaviya

Got a job interview? Be ready to impress a bot

Byju's founders plan $2.5 billion lawsuit against investors, lenders

No more tax gridlock? Parliamentary panel recommends time-bound resolution of tax cases in I-T bill

Irdai may curb Kiwi Insurance's retail health plans over promoter links

UIDAI eyes Aadhaar KYC overhaul for offline verification; what's likely to change?

₹100 crore fraud: ED probes Bengaluru’s Souharda banks for allegedly cheating 15,000 depositors

Indian engineer wins Rs 69-lakh unexplained investment income tax case in ITAT Mumbai on these technical grounds

Centre appoints former CBDT Chairman Nitin Gupta as NFRA chief

AI font forensics helps income tax (I-T) in Hyderabad bust Rs 68 lakh LTCG fraud; exposes forged document from 2002

Lok Sabha select committee proposes 285 changes to Income Tax Bill, 2025

NPCI adds 13 Indian banks to India-Singapore UPI-PayNow platform

ITR-3 Excel utility for AY 2025-26: Seven major changes in ITR-3 Excel utility that all taxpayers including stock traders should note

Six changes in ITR-2 Excel Utility that all taxpayers should know before ITR filing for AY 2025-26

International News:

China tightens grip on rare earth sector with silent quota release

FRC publishes annual audit firm inspection results

Exposure Draft:

SEBI Draft:

Consultation Paper on Categorization and Rationalization of Mutual Fund Schemes
[Last date for Comments: August 8, 2025]
 

Useful Forms:

Income Tax eFiling Utilities:

Common Offline Utilities (& Schema) for filing Statutory Income-tax Form 3CA-3CD & 3CB-3CD have been updated

Legal Updates:

Income Tax:

Enhancing Tax Transparency on foreign assets & Income: Understanding CRS & FATCA

GST:

Taxpayer Advisory on upcoming security enhancements

RBI:

Formation of new district in the State of Arunachal Pradesh – Assignment of Lead Bank Responsibility

Inclusion of “NSDL Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934

DGFT:

Corrigendum to Notification No. 21/2025-26 dated 27.06.2025 on Port restriction on import of certain goods from Bangladesh to India under ITC (HS), 2022 Schedule 1 (Import Policy)

Customs:

Appointment of Common Adjudicating Authority for the purpose of finalization of Provisional Assessment in SVB case w.r.t. M/s. Ammega Belting India Pvt. Ltd. [Notification No.47(NT)]