Weekly Newsletter - July 9, 2025
Latest additions to CAalley:
Exposure Drafts:
Acts & Regulations:
CA's Referencer:
From the ICAI:
International Content:
Legal Updates:
News Update:
RBI issues draft framework for novation of OTC derivative contracts
India plans to kickstart rare-earth magnet output to cut China dependence
Delhi govt plans one-time tax amnesty scheme to settle pre-GST disputes
PIB flags PM Modi's deepfake video promising~1.25 lakh a day : How to be safe
Sebi denies proposal to link options with cash positions
Grandfather becomes CA at 71. Got interested while helping his granddaughter in her studies
Tax dept's AI tool 'not meant' for resolving political donation disputes
EPFO interest credit: 8.25% announced for 2024-25; process to finish this week, says Mandaviya
MCX to launch India's first electricity futures contracts on July 10
NRIs filing ITR in India should know these four income tax-related changes
Sebi proposes relaxation for AMCs opening doors for business expansion
Sebi mulls dropping word 'penalty' in actions against brokers to avoid stigma: Varshney
Trinidad & Tobago 8th country to have UPI: How to use service abroad
Sebi chief Tuhin Kanta Pandey rules out weekly expiry ban, signals tighter derivatives watch
Will ITR deadline extend again? Tax experts see further delays after ‘system failures’
CA allegedly ran Rs 750 crore fake loan app scam using shell firms, Chinese links
Sebi action on Jane Street highlights 3 aspects of market: Uday Kotak
Jane Street disputes Sebi’s findings after Rs 4,840 crore freeze, vows to engage with regulator
How Sebi’s crackdown on Jane Street unfolded: A 15-month trail of scrutiny and ignored warnings
Kotak Mahindra Bank branch manager siphoned off Rs 31 crore of public money to gamble
No insurance claim for reckless driving, says SC: Read fine print carefully
At WTO, India proposes retaliatory duties against US over auto tariffs
India bars Jane Street from its securities market, citing manipulation of stock indexes
India launches anti-dumping probe into polyethylene imports from 6 nations
Frequent transfers may hit GST collections, warns AP GST association leaders
CA arrested in loan fraud case, ED says he laundered money on behalf of former CMD of UCO Bank
ICMAI wants med insurance, essential commodities under cost audit ambit
From November 1, funds for all central schemes to come via 'Sparsh'
RBI seeks 'borrower ID' to reduce credit score errors
State-level inflation data for items likely in new CPI series
RBI bars prepayment penalty on floating rate micro, small business loans
India reviews anti-dumping duty on jute imports from Bangladesh, Nepal
Sebi opens 6-month special window for investors to re-lodge rejected physical share transfer deeds
IESBA tax planning ethics standards take effect
How technology could rewire corporate reporting
Is your audit quality at the level it needs to be?
PwC UK to reduce 175 audit roles amid market challenges
Exposure Drafts:
Exposure Draft - 'Guidance Note on Tax Audit under section 44AB of the Income-tax Act, 1961'
[Last date for Comments: July 20, 2025]
Draft amendments in Regulation 204 of the Chartered Accountants Regulations, 1988
[Last date for Comments: July 31, 2025]
Draft Reserve Bank of India (Novation of OTC Derivative Contracts) Directions, 2025
[Last date for Comments: August 1, 2025]
Consultation Paper on Measures for Regulation of Activities of Credit Rating Agencies (CRAs)
[Last date for Comments: July 30, 2025]
Consultation Paper On Review Of Regulatory Framework On Permissible Business Activities For Asset Management Companies Under Regulation 24 Of The Sebi Mutual Funds Regulations 1996
[Last date for Comments: July 28, 2025]
Electronic Book Provider platform for issuance of instruments by Not for Profit Organizations on Social Stock Exchange
[Last date for Comments: July 24, 2025]
Exposure Draft on Proposed Statement on Auditing Standards -The Auditor's Responsibilities relating to Fraud in an Audit of Financial Statements
[Last date for Comments: October 3, 2025]
Exposure draft of UK Sustainability Reporting Standards:
UK SRS S1 and UK SRS S2
[Last date for Comments: September 17, 2025]
Acts & Regulations:
CA's Referencer:
Periods of Limitation - For AY 2026-27
Treatment of Income from Different Sources - AY 2026-27
Gold and silver rates from 01/04/1981 - As amended by Finance Act, 2025
Various Threshold Limits under the Income Tax Act for AY 2026-27
From the ICAI:
FAQs on Guidance Note on Financial Statements of Non-corporate Entities
International Content:
Legal Updates:
The Companies (CSR Policy) Amendment Rules, 2025
The Companies (Listing of equity shares in permissible jurisdictions) Amendment Rules, 2025
The IBBI (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2025
RBI (Pre-payment Charges on Loans) Directions, 2025
Foreign Exchange Management (Export of Goods & Services) (Amendment) Regulations, 2025
