Daily Newsletter - October 1, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Acts & Regulations:

IBBI Regulations

RBI Master Directions

Legal Updates:

Income Tax

RBI

SEBI

IFSCA

DGFT

Customs

Central Excise

News Update:

Indian News:

Businessman gets two years RI, ₹7.54 lakh fine for income-tax evasion

Bankers Books Evidence Act, 2026 - PIB

NFRA flags deeper going concern scrutiny, sets out 35 questions for audit committees

Senior citizen mistakenly paid tax on Rs 25.42 lakh tax-free interest earnings; ITAT Delhi ordered Rs 9.91 lakh refund

Govt extends RoDTEP, RoSCTL export tax remission schemes till December 31

ICAI ramps up tax audit scrutiny tenfold, 1,000 firms under review

Sebi, RBI join hands to make onboarding easier for FPIs

SEBI levies ₹20 lakh fine on Shares Bazaar, four others for violating market norms

Interest rates on small savings schemes remains unchanged for Oct-Dec

Sold a property? Eight different ways to reduce your capital gains tax bill

NRE vs NRO FD TDS rules: Tax rate for NRIs, PAN rules, DTAA benefit and repatriation limit

ED arrests Vatika Group promoters in ₹154 crore money laundering case

SC limits Fortis forensic audit, bars 'fishing and roving' bank inquiry

RoDTEP scheme extension likely for exporters as September 30 deadline nears

International News:

[Australia] Ex-KPMG executive sues firm after being sacked over audit scandal

Acts & Regulations:

IBBI Regulations:

IBBI (Liquidation Process) Regulations, 2016 (Amended upto 22-09-2026)

RBI Master Directions:

Master Directions on Prepaid Payment Instruments (PPIs) (Updated as on September 30, 2026)

Master Direction – Money Transfer Service Scheme (MTSS) (Updated as on September 29, 2026)

Master Direction - Money Changing Activities (Updated as on September 29, 2026)

Legal Updates:

Income Tax:

CBDT specifies subordination of JCIT/Addl. CIT (Appeals) to Pr. CCIT/CCIT [Notification No.133]

RBI:

Consolidation/ Review of instructions issued on currency management matters – Withdrawal of Circulars/ Guidelines

Cassette - Swaps in ATMs

SEBI:

Display of “investor awareness message(s)” by stock brokers on their trading apps and websites, under Project Jagrook

IFSCA:

Extension of timeline for completion of Certification Course by KMPs and other employees of Capital Market Intermediaries under the IFSCA (Capital Market Intermediaries) Regulations, 2025

Extension of timeline for completion of Certification Course by KMPs and employees of Fund Management Entities under the IFSCA (Fund Management) Regulations, 2025

DGFT:

Continuation of RoDTEP Scheme till December 31st 2026 [Notification No.41]

Extension of Minimum Import Price (MIP) Condition on Sulfadiazine API covered under Chapter 29 of ITC HS, 2022, Schedule -I (Import Policy) [Notification No.40]

Extension of Minimum Import Price (MIP) Condition of specific items covered under Chapter 29 of ITC HS, 2022, Schedule -I (Import Policy) [Notification No.39]

Extension in Minimum Import Price (MIP) Condition of specific items covered under Chapter 48 of ITC HS, 2022, Schedule - I (Import Policy) [Notification No.38]

Amendment to Notification No. 65/2025-26 and 21/2026-27 for extension of timelines under Component II of Resilience & Logistics Intervention for Export Facilitation (RELIEF) Intervention [Notification No.37]

Extension of timeline for surrender of unutilised TRQ quantity allocated for import of 1 o LMT of Raw Sugar [Public Notice No.31]

Customs:

Requirement of import permit for non-insecticidal use of insecticides [Instruction No.18]

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.80(NT)]

Central Excise:

Seeks to amend Notification No. 08/2026-Central Excise dated 26.03.2026 to revise the Special Additional Excise Duty (SAED) rate on exports of Aviation Turbine Fuel (ATF) outside India [Notification No.53]

Seeks to amend Notification No. 06/2026-Central Excise dated 26.03.2026 to revise the Special Additional Excise Duty (SAED) rate on exports of diesel outside India [Notification No.52]