Daily Newsletter - July 27, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

IBBI Draft

RBI Draft

Acts & Regulations:

RBI Master Directions

From the ICAI:

ICAI Announcement

Legal Updates:

Income Tax

GST

IFSCA

DGFT

News Update:

Indian News:

Bank of Baroda probes data breach; says core banking systems remain secure

Bank of Baroda data hacked? Hackers claim customers' Aadhaar, account details available online - What we know

CBDT's crypto asset tax reporting: What it means for exchanges, investors

CBDT issues guidance note on crypto-asset reporting under I-T Act, 2025

GST notice uploaded only on portal isn't valid service, high courts rule: What it means for taxpayers

Listed debt entities must list transferred unlisted NCDs after business restructuring: SEBI

Sebi proposes Rs 25 lakh mutual fund-only PMS: What it means for investors

Two startup founders, two CAs held in ₹200 crore GST fraud in Gurugram

Betting probe widens: ₹70,000cr routed via 750 shell merchants, ₹19,600cr GST evasion suspected

CCI avoiding suo motu probes to prevent conflict of interest

NFRA sets 10 principles for technology use in audits, says AI cannot replace auditor judgement

Sitharaman pushes Income Tax department to redress grievances on time, unveils 5Rs

SC bans posting court clips on social media

International News:

FRC publishes revised Third Country Auditor directions

Exposure Drafts:

IBBI Draft:

Invitation for Stakeholder Suggestions on Integrated Platform for Insolvency Ecosystem (iPIE)
[Last date for Comments: August 3, 2026] 

RBI Draft:

Draft (Securitisation Transactions) Amendment Directions
[Last date for Comments: August 27, 2026] 

Acts & Regulations:

RBI Master Directions:

Master Direction – Export of Goods and Services (Updated as on July 17, 2026)

From the ICAI:

ICAI Announcement:

Increase in the time limit for transfer of Goodwill of a proprietary firm of a deceased member

Legal Updates:

Income Tax:

The Income-tax (Third Amendment) Rules, 2026 - ITR For Block Assessment Notified (ITR-BN) [Notification No.97]

GST:

Clarification regarding filing of appeal by department before the Goods and Services Appellate Tribunal against order of appellate authority (where Orders-in-Original have been passed by a Common Adjudicating Authority in DGGI cases) [Circular No.256]

IFSCA:

Report of the Expert Committee on Development of REITs and InvITs in IFSC

DGFT:

Harmonisation of Schedule-II (Export Policy), ITS (HS) 2022 with Finance Act 2026 [Notification No.26]