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Daily Newsletter - October 15, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

ICAI Exposure Draft

SEBI Drafts

Acts & Regulations:

SEBI Regulations

Tech Zone – Simplifying Technology for CAs:

Tech Tips Classics

Legal Updates:

Income Tax

GST

RBI

DGFT

Customs


  

News Update:

Indian News:

Rs 429-crore multi-state GST fraud unearthed in Punjab

Sebi writes to Irdai to include insurance data in consolidated statement

Supreme Court upholds quashing of Yes Bank's ₹8,415 cr AT-1 bond write-off

Sebi proposes market cap-based SME listing norms, lower application size

ED seizes ₹2,033 crore worth of Reliance Power assets

NFRA flags SA 260 compliance gaps, warns against tick-box auditor communication with audit committees

India tightens Mauritius tax treaty, adds test to deny tax-driven benefits

EPFO extends ECR deadline to October 31, 2026

Explained: What is Account Aggregator framework, and how does it work?

Man earns Rs 75 lakh by redeveloping property inherited from mother, pays no income tax

CBI arrests CA, three businessmen in funds diversion probe involving Chandigarh Smart City, CREST

CBDT nudges 12,000 tax professionals to file audit reports by October 21

Sebi proposes tighter IPO proceeds monitoring, fines for defaulting firms

Sebi extends relaxation to revise fresh issue size till March 2027

Centre & states to draft rules for existing arrest cases under GST

UPI MDR deferred until after Diwali, new date to be notified: NPCI

RBI tightens rupee derivatives rules, widens 20% cash reserve requirement

Sebi nudges brokerage firms to join return verification platform

 

International News:

Going concern: What CPAs in audit and finance should know

US hits Bank of America with $1.2 billion fine, says it violated money laundering, sanctions laws


Exposure Drafts:

ICAI Exposure Draft:

Investments in Associates and Joint Ventures -
Amendments to Ind AS 28

[Last date for Comments: November 14, 2026] 

 

SEBI Drafts:

Consultation Paper on Recommendations pursuant to Review of provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 related to Initial Public Offer by Small and Medium Enterprises
[Last date for Comments: November 4, 2026] 

Consultation Paper on Recommendations of the Working Group for review of SEBI LODR Regulations, 2015 - Review of Framework for Monitoring and Disclosure of Utilization of Issue Proceeds
[Last date for Comments: November 3, 2026] 


Acts & Regulations:

SEBI Regulations:

SEBI (Portfolio Managers) Regulations, 2026
(w.e.f. April 1, 2027)


Tech Zone – Simplifying Technology for CAs:

Tech Tips Classics:

Windows Classics

File & Folder Classics

Browser Classics

PDF Classics

Excel Classics

Everyday Micro-Efficiency Classics

Data Security & Privacy Classics

AI Classics


Legal Updates:

Income Tax:

Protocol amending the Convention between the Government of the Republic of India and the Government of Mauritius [Notification No.135]

 

GST:

FAQs in relation to recommendations of the 57th GST Council Meeting

Annual Returns in the form of GSTR-9/9C for FY 2025-26

 

RBI:

Risk Management and Inter-Bank Dealings [Circular No. 27]

 

DGFT:

Simplified procedure for expedited issuance of import authorisations for silver bullion under ITC(HS) 7106 [Trade Notice No.30]

 

Customs:

Notification of ICD at Mandalgarh, Bhilwara, Rajasthan u/s. 7(1)(aa) of Customs Act, 1962 [Notification No.83(NT)]

Customs Tariff (Determination of Origin of Goods under the Free Trade Agreement between India and NewZealand) Rules, 2026 [Notification No.82(NT)]

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