Daily Newsletter - August 21, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Legal FAQs:

IFSCA FAQs

Useful Forms:

ITR eFiling Utilities for AY 2026-27

CA's Referencer:

CBDT Guidance Note

Legal Updates:

SEBI

IRDAI

DGFT

Customs

News Update:

Indian News:

India, Mexico finalise ToR for preferential trade agreement, signing soon

Govt reappoints Anand Mahindra to RBI Board; Somanath Panicker joins

RBI’s FCNR U-turn: Guv explains what changed

India amends Foreign Trade Policy for easier rupee invoicing and payments for exporters

Sebi permits IFSCA-regulated entities to access KRA records for KYC

Public sector banks underparticipate in forex derivatives mkt: RBI DG Jain

SC rules referral fees earned by auto dealers from banks, insurers are taxable

Sending money abroad? Why your transaction could draw tax scrutiny

I-T unearths Rs 1.29 lakh cr foreign remittances

Explained: Why India is Asia's least-favoured market among fund managers

Foreign Asset Disclosure Scheme 2026: From budget proposal to rollout - what residents and NRIs need to know

International News:

SEC forms enforcement unit to tackle accounting and auditing fraud

IAASB opens consultation on revisions to core audit standards

Legal FAQs:

IFSCA FAQs:

SEZ Compliance FAQs Booklet V2.0
[Published in August 2026]

Useful Forms:

ITR eFiling Utilities for AY 2026-27:

Released on August 20, 2026:

ITR 6
• Utility for Windows
• Utility for MAC

CA's Referencer:

CBDT Guidance Note:

Guidance Note on FATCA and CRS
[Published by CBDT in July 2026]

Legal Updates:

SEBI:

Acceptance of digitally signed Power of Attorney from FPIs

Enabling sharing of information by KYC Registration Agencies (KRAs) with entities regulated by International Financial Services Centres Authority

IRDAI:

IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) (Amendment) Regulations, 2026

IRDAI (Insurance Intermediaries) (Amendment) Regulations, 2026

IRDAI (Third Party Administrators – Health Services) (Amendment) Regulations, 2026

IRDAI (Insurance Surveyors and Loss Assessors) (Amendment) Regulations, 2026

IRDAI (Actuarial, Finance and Investment Functions of Insurers) (Second Amendment) Regulations, 2026

DGFT:

Amendment in import policy of Raw Sugar classified under Exim Code 170114 of Chapter 17 of Schedule–1 (Import Policy) of ITC (HS), 2022 and one-time conversion from Advance Authorisation Scheme to Tariff Rate Quota (TRQ) Scheme [Notification No.31]

Expansion of INR Invoicing of Exports and FTP Benefits for Rupee Realisations [Notification No.30]

Modalities for Application and Distribution of TRQ for Import of 10 Lakh MT of Raw Sugar and one-time conversion from Advance Authorisation (AA) Scheme to Tariff Rate Quota (TRQ) Scheme [Public Notice No.27]

Customs:

Return of export cargo from international waters due to closure of the Strait of Hormuz- Section 143AA of the Customs Act, 1962 [Circular No.36]