Weekly Newsletter - August 6, 2026
Latest additions to CAalley:
Exposure Drafts:
Useful Forms:
ITR Forms & eFiling Utilities for AY 2026-27
International Content:
Tech Zone – Simplifying Technology for CAs:
Legal Updates:
News Update:
Good news for investors: No income tax on dividends received from REITs and InvITs in this case
Surprised by scale, length of tax litigation in India: BMW Group India CFO
Mumbai CA Claims Man Who Filed ITR Using AI, Ended Up With Tax Notice
RBI Governor rules out early withdrawal of FCNR(B) deposit scheme
RBI proposes to harmonise framework on interest rates on advances: Malhotra
Explained: Why RBI wants to restart UCB licensing after a two-decade pause
RBI to issue new draft norms for urban cooperative bank licensing shortly
RBI MPC Meeting at a Glance: Your one-stop guide for all key decisions
Commerce ministry notifies norms for inventory-based ecommerce exports
Parliamentary panel Recommends Lowering Minimum Age For MD, Directors To 18 Years
54 bank fraud accused fled India, ED seizes assets worth over Rs 35,000 crore
Plug and Play Industrial Shed Policy (DBFOT Model) 2026: Key features, eligibility, implementation
SC issues directions to tackle digital fraud, asks RBI to circulate SOP
Merchant Discount Rate on UPI transactions? Amendments to payments act may pave way - what it means
Corporate Laws Amendment Bill, 2026: What changes for India Inc, investors
House panel seeks curbs on NFRA powers, softer audit rules in Bill
Rajya Sabha clears MSME bill to fast-track payment disputes amid Opposition protests
Disputed tax demand drops ₹16,690 cr after hike in tax appeal limits: Govt
Pending GST refund claims decline sharply over past two years: Govt
CBDT's Nudge campaign results in 1.25 cr updated ITRs, ₹9,494 cr additional tax payment
ITAT revokes I-T notice on ₹8 crore tenant payment
Can't deny 54F relief due to delay by builder: HC
How NRIs can invest in India through GIFT City
New stock market timings from August 3: What has changed?
RBI updates deposit rules: From differential rates to daily disclosures, here's what's changing
Irdai tightens intermediary rules, eases insurers' investment norms
Sebi bans Zee's Subhash Chandra, Punit Goenka from markets for a year
SEBI extends deadline till Oct-end to complete digital accessibility audits, resolve platform issues
GSTN again defers e-Way Bill changes ahead of 1 August rollout
Anthropic's AI hacked three companies during tests, highlighting growing security risks
SEBI Shuts NSE Co-Location, Dark Fibre Cases With Rs 1,491-Crore Settlement
CBIC readies rules to facilitate filing of multi-state GST appeals
CA made a mistake in your ITR? ITAT ruling offers relief in some cases
RBI allows banks to link bulk deposit rates to liquidity profile
IBC moratorium shields only corporate debtor, not promoters, directors: SC
US' Section 301 tariff linked to forced labour import may not survive court
BoB Blames One Hacked Email. So How Did 1TB Of Banking Data End Up On Dark Web?
Got married? Your EPF nomination is no longer valid after marriage
PCAOB issues first enforcement order since January with Hong Kong audit firm sanctions
IAASB proposes tweaking standard for auditing less complex entities
Fed leaves rates unchanged; three policymakers dissent in favour of a hike
Exposure Drafts:
Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
[Last date for Comments: September 5, 2026]
Consultation Paper on Issuance of Depository Receipts against units of REITs and Publicly Listed InvITs
[Last date for Comments: August 25, 2026]
Useful Forms:
ITR Forms & eFiling Utilities for AY 2026-27:
Updated on August 5, 2026:
ITR 5 - Excel Utility & Schema
New Release:
ITR 6 - Excel Utility & Schema
Updated as on July 31, 2026:
New addition:
Form ITR-BN (PDF): Income-tax Return for Block Assessment
International Content:
FRC Audit Quality Review Report:
[Published in July 2026]
Annual Review of Audit Quality 2026
Firm Metrics Overview - July 2026
Tech Zone – Simplifying Technology for CAs:
When “Read-Only” Is Not Enough: Data Handling Risks Every Auditor Must Revisit
Legal Updates:
FAQs - The Taxation and Other Laws (Amendment) Bill, 2026
Advisory on Keeping on Hold the Proposed e-Way Bill Enhancements
Consolidation of Supervisory Instructions – Repeal of Circulars
Fake Indian Currency Notes (FICNs)-Detection, Reporting and Monitoring
Extension of timelines with repect to compliance of Digital Accessibility Circulars.
FAQs on IFSCA (Fund Management) Regulations, 2025
Artificial Intelligence in IFSC - Survey 2026 Report
Circular on natural disaster affecting four districts of Assam
