Weekly Newsletter - June 24, 2026
Latest additions to CAalley:
Exposure Drafts:
Acts & Regulations:
Useful Forms:
ITR eFiling Utilities for AY 2026-27
Tech Zone – Simplifying Technology for CAs:
Tech-Zone Series - New Article
Legal Updates:
News Update:
Income tax dept identifies up to 20,000 cases of individuals who used the ‘swapped provisions’ trick
What is the Index of Services Production and why does it matter?
India's wealthy trust AI, but not with their money
Overseas branches can lend to NRIs for deposits in India
Sebi for celebrity brand endorsements for MFs
India Inc gives GST thumbs up; seeks faster refunds, smoother audits: Deloitte Survey
Taxman to track slipping sectors & top tax payers
RBI aligns prudential norms for UPI-linked credit lines with base loans
FCNR (B) swap facility covers only principal, excludes interest: RBI
RBI eases MSME onboarding on TReDS, allows guarantee cover for financiers
Sebi proposes to allow direct market access route to all investors
Govt revises penalties under FCRA involving receipt of foreign contributions by NGOs
ED searches Rajesh Exports amid Sebi probe into alleged irregularities
NRI’s UK income taxed in India, gets ITAT relief
Sebi plans simpler rulebook for stock exchanges, doing away with obsolete provisions
RBI Governor asks banks to treat MSMEs as growth partners
Husband trades through wife’s demat account, ITAT Lucknow grants him relief
Filing pension complaints gets easier as PFRDA rolls out AI-enabled Pension Sahayak
TDS challan mistake? Taxpayers need old TRACES portal to fix FY26 error
Punjab: GST fraud over Rs 3,000 cr unearthed
Decoded: What is 'sunset clause', why India may seek one in US trade deal?
Insurers may invest up to 5% of surplus funds in private ltd firms: Irdai
Irdai proposes perpetual registration framework for TPAs under SBSR Act
Tenant wins tax relief on Rs 38.62 lakh sale of landlord’s property
India to hold vice-presidency of global financial crime watchdog FATF for first time
Banks told to report daily FCNR (B), ECB inflows under RBI swap facility
RBI revamps Lead Bank Scheme, strengthens district credit planning
GST inspector in Maharashtra held in Rs 10,000 graft case
Sebi board brings back open-market share buybacks; eases debt listing
Income Tax Notices On The Rise: Why Salaried Taxpayers Are Being Flagged Despite Accurate Filings
Claude ‘ran like a CA’: Professionals are leaning towards AI to file income tax — Check viral prompt
NPS rule change explained: What new PFRDA audit rules mean for your savings
Has Form 168 replaced Form 26AS for FY 25-26? Here's what taxpayers need to know for ITR filing
Sebi proposes easing margin trading funding rules, tighter broker norms
1 in 3 lawyers fake, Supreme Court to look at digital registry
Irdai sets up working group to guide AI adoption in insurance sector
CGST officer chargesheeted in ₹10 lakh bribery case
India-UK trade pact: What changes for autos, whisky, textiles, steel
Govt ratifies 8.25% EPF interest rate for FY26, to be credited this month
Govt weighs extending zero-duty import on 40 products beyond June 30
New India-UK pact to benefit 90-95% of Indian professionals in Britain
India to allow import of 378K UK cars on lower duty in 15 yrs of trade pact
India-UK landmark free trade pact to come into force from July 15
Trade deal with Canada by November; European Union pact by year-end
India's gold imports drop 70% to 30 tonnes after duty hike: Official
RBI not in favour of offshore settlement for govt bonds despite tax changes
RBI lifts cap on FCNR(B), NRE deposit rates to boost foreign inflows
NFRA: Shared Responsibility for Sound Corporate Governance
NFRA launches probe into the auditors of Rajesh Exports after SEBI reference
SEBI's new AIF rules decoded: 10 major changes investors and fund managers should know
KPMG Australia scandal widens after it confirms Optus data was also misused
KPMG scandal deepens Big Four accounting firms' woes in Australia
China opens domestic stock markets to qualified foreign firms for listing
SEC Staff Eye AI Reminders, Not Prescriptive Rules, for Financial Reporting
Exposure Drafts:
Consultation Paper on Common Advertisement Code for Specified SEBI Regulated Entities
[Last date for Comments: July 14, 2026]
Consultation Paper on Draft Circular for Trading Software & Technology at Stock Exchanges and Draft Circular on Common IT related provisions for MIIs
[Last date for Comments: July 13, 2026]
Consultation Paper on Review of Margin Trading Facility (MTF) Framework
[Last date for Comments: July 9, 2026]
Consultation Paper on proposed IFSCA (Registration and Operations of Mutual Insurer and Protection & Indemnity Club) Regulations, 2026
[Last date for Comments: July 12, 2026]
Exposure Draft on the IRDAI (Third Party Administrators - Health Services) (Amendment) Regulations, 2026
[Last date for Comments: July 10, 2026]
Exposure Draft on IRDAI (Actuarial, Finance and Investment Functions of Insurers) (Second Amendment) Regulations 2026
[Last date for Comments: July 10, 2026]
Exposure Draft on Proposed Amendments to the IRDAI (Registration and Operations of Foreign Re-insurers branches and Lloyd’s India) Regulations, 2024
[Last date for Comments: July 10, 2026]
Exposure Draft on IRDAI (Insurance Surveyors and Loss Assessors) (third amendment) Regulations, 2026
[Last date for Comments: July 10, 2026]
Exposure Draft ON IRDAI (Insurance Intermediaries)(amendment) Regulations,2026
[Last date for Comments: July 10, 2026]
Exposure Draft on IRDAI (Manner and Procedure for Imposition of Penalties) Regulations, 2026
[Last date for Comments: July 9, 2026]
Exposure Draft - IRDAI (Procedure for making regulations and subsidiary instructions) Regulations 2026
[Last date for Comments: July 8, 2026]
Consultation Paper - IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) (1st Amendment) Regulations, 2026
[Last date for Comments: July 6, 2026]
Acts & Regulations:
FAQs on IFSCA FinTech Sandbox Framework, 2026
Published / Updated as on June 23, 2026
Reserve Bank of India (Trade Receivables Discounting System) Directions, 2026
Reserve Bank of India (Commercial Banks – Credit Facilities) Directions, 2025 (Updated)
Reserve Bank of India (Small Finance Banks – Credit Facilities) Directions, 2025 (Updated)
Updated as on June 19, 2026:
Published on June 19, 2026
Reserve Bank of India [Commercial Banks - Kisan Credit Card (KCC) Scheme] Directions, 2026
Reserve Bank of India [Small Finance Banks - Kisan Credit Card (KCC) Scheme] Directions, 2026
Reserve Bank of India [Regional Rural Banks - Kisan Credit Card (KCC) Scheme] Directions, 2026
Reserve Bank of India [Rural Co-operative Banks - Kisan Credit Card (KCC) Scheme] Directions, 2026
Useful Forms:
ITR eFiling Utilities for AY 2026-27:
Updated as on June 23, 2026
Common Offline Utility (ITR 1,2,3 and ITR 4)
• Windows
• Mac
Released on June 18, 2026:
ITR 3 -
• Excel Utility
• Schema
• Validations
Tech Zone – Simplifying Technology for CAs:
Tech-Zone Series - New Article:
Tech-Zone Series: Excel ITR Filing Mastery: Practical Hacks Every CA Needs This Season
Part 1: Data Import, Reconciliation & Template Mastery
Legal Updates:
Notification of the Companies Act 2013 w.r.t. New Development Bank [S.O.3140(E)]
The Companies (Registered Valuers and Valuation) Amendment Rules, 2026 [G.S.R.432(E)]
Reserved Name and Resubmission - extension
Open positions of Authorised Dealer Category-I banks
Reporting of FCNR (B) Deposits, ECB and OFCB mobilized under Reserve Bank’s Swap Facility
Amendment to Obligatory Cession Notification
