Daily Newsletter - July 13, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

ICAI Draft

IFSCA Draft

Acts & Regulations:

IFSCA Regulations

Useful Forms:

ITR eFiling Utilities for AY 2026-27

Legal Updates:

Income Tax

SEBI

IRDAI

DGFT

Customs

News Update:

Indian News:

Income tax guide: Allowance and reimbursement exemption limits every salaried employee should know

EPFO adds new PF transfer option after job switch: What has changed

India-UK CETA explained: What's changing in tariffs, duties from July 15?

GST Tax officer can allege fraud first and prove it later, rules Madras High Court; Why this matters to every taxpayer

Sebi tightens staff conduct norms, sharpens conflict-of-interest rules

MP's biggest online trading scam: 20,507 mule accounts used to launder Rs 21 crore; probe traces 12 transaction layers

RBI steps up scrutiny of Corporate India's foreign investments

MCA considers global audit norms placing responsibility on group auditors

EPFO launches one-time Amnesty Scheme for exempted PF trusts after portal revamp: What it means

ED attaches assets worth ₹1,000 crore in Reliance Anil Ambani Group probe

GST law panel clears proposal to shield buyers' input tax credit from supplier defaults

₹6.5cr GST evasion detected in raids on 41 traders

International News:

PCAOB seeks public input on standard-setting priorities for the first time

Exposure Drafts:

ICAI Draft:

Proposed Stipend rates payable to Articled Assistant undergoing 2 years of practical training
[Last date for Comments: August 5, 2026] 

IFSCA Draft:

Consultation Paper On The Regulatory Framework For Direct Listing Of Specified Securities Without Public Offer
[Last date for Comments: August 3, 2026] 

Acts & Regulations:

IFSCA Regulations:

Consolidated IFSCA (Finance Company) Regulations, 2026
[Amended upto May 7, 2026]

Useful Forms:

ITR eFiling Utilities for AY 2026-27:

Newly Released: 
ITR 7 - Schema & Validation Rules

Legal Updates:

Income Tax:

No TDS on payment by made by any payer to a person being a Unit of International Financial Services Centre (IFSC Unit) [Notification No.80]

SEBI:

SEBI (Employees' Service) (Amendment) Regulations, 2026

SEBI (Foreign Venture Capital Investors) (Amendment) Regulations, 2026

SEBI (Issue and Listing of Municipal Debt Securities) (Amendment) Regulations, 2026

Intraday borrowing facility availed by mutual funds

IRDAI:

Formats for publishing financial results as required under the SEBI (LODR) Regulations, 2015

DGFT:

Electronic filing and Issuance of Preferential Certificate of Origin under lndia-UK comprehensive Economic and Trade Agreement (CETA) with effect from July 15, 2026 [Trade Notice No.11]

Amendments under Para 2.92 and Appendix-2A of Handbook of Procedure 2023 for inclusion of TRQs under India – Oman Comprehensive Economic Partnership Agreement (CEPA) [Public Notice No.20]

Customs:

Implementation of self-certification of Origin Declarations under the India-United Kingdom Comprehensive Economic and Trade Agreement (India-UK CETA) [Circular No.33]

Discontinuation of submission of manual documents/statements in respect of containers imported under Notification No. 104/94-Customs dated 16.03.1994 by the Shipping Lines [Circular No.32]

Amendment in Notification No.08/2016 [Notification No.28]

Seeks to extend anti dumping duty on imports of “Aceto Acetyl Derivatives of Aromatic Or Hetrocyclic Compounds” also known as “Arylides” originating in or exported from China PR till and inclusive of 13th January 2027 [Notification No.17(ADD)]