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Indian News
Table of Articles
Creditors' haircuts in bankruptcy cases jump to 73% in FY24: Report
Online MSMEs flag GST license challenges in Tamil Nadu
[Indian] Big Five auditors sulk over lack of fair remuneration
Finance Ministry asks SBI to form committee to tackle co-lending issues
At 269, NCLT approves record resolutions under IBC in FY24: IBBI data
IGST exemption: AAR ruling may set precedent for foreign client services
GST AAR: Acting as a marketing, recruiting or referral consultant to foreign universities can qualify as exports
Compliance plays a big part in helping Indian MSMEs grow exports
Around 700 surety bonds worth Rs 3,000 cr issued by Insurance cos so far
RBI set to meet ARCs on May 17; may discuss borrowing, settlement process
SEBI grants LIC extra 3 years to achieve minimum public shareholding
Amid surge in biz, RBI asks gold loan NBFCs to strictly comply with norms
Pune GST Intelligence busts multi-state fake input tax credit scam worth Rs 145 crore
Big relief for mutual fund investors: Sebi eases Aadhaar-PAN KYC rules
Frauds by bank employees: Take these steps to ensure branch manager or any other employee does not run away with your money
Why Indian HNIs invested in blank-cheque shell cos are facing tax scrutiny
SEBI relaxes KYC norms to simplify risk management framework
GST on corporate guarantees: Taxmen believe clarity will emerge only in SC
Paytm UPI Lite allows Rs 500 per transaction without PIN: Details here
Sebi plans tighter rules for listing small biz after complaints of misuse
Taxpayer is entitled to claim benefit of exempted income in revised ITR if it is filed within the deadline
EPFO introduces auto claim settlement for education, marriage, housing
AIFs must comply with certification requirement by May 2025: Sebi
Five states show interest in implementing Aadhaar-based authentication for GST registration
Capital gains tax applicable on gifted shares? Here’s what Bombay High Court ruling says
SC issues notice to centre over petition on imposition of GST on JDA
Taxpayers can now see if feedback is acted upon by reporting entities: Govt
SBI becomes the first bank as trading, clearing member of IIBX
Supreme Court admits petition on imposition of GST on joint development pacts
Irdai asks insurers to compulsorily meet rural, social sector obligations
Non-residents allowed to open margin accounts for derivative contracts
Arrest under GST Act should not be based on mere suspicion, says SC
Sebi cuts lot size of private-placed InvITs to Rs 25 lakh
Sebi mandates Investment advisors to share social media details twice a yr
Sebi mulls direct payout of securities to client's account mandatory
NPCI to delay payments market cap by two years, helping PhonePe, Google Pay
Front-running, insider trading: Amfi rulebook to curb misconduct in a month
SEBI increases scrutiny on disclosure of KPIs by startups planning IPOs: Exclusive
SC asks Centre to not use "threat and coercion" in GST recovery operations
HNI investors in offshore ‘blank cheque’ companies receive income tax notices
SC holds bank employees' interest-free loans taxable as fringe benefits
RBI governor discusses ways to scale up UPI ecosystem with stakeholders
Sebi comes out with stringent rules to tackle misconduct, corrupt practices by employees
RBI lifts restrictions on Bank of Baroda's 'Bob World' mobile app, allows onboarding customers
NPCI issues guidelines for merchant acquisition on BHIM Aadhar Pay
Sebi extends settlement scheme period till Jun 10 in stock option cases
RBI asks NBFCs to stick to loan cash payout cap of Rs 20,000: Report
NPCI likely to extend UPI market cap deadline for payment platforms
NSE to run special trading session on May 18 with disaster recovery switch
ITAT: Redemption of unlisted NCDs will not result in cap gains, but interest income
'Permanent deletion of transactions can anonymise e-rupee like cash'
Sebi rejects NSE proposal to extend trading hours as brokers protest
HC relief for holding companies facing GST notices over corporate guarantees
RBI to make digital currency available offline, says Governor Das
Centre may push for 12% GST for health insurance; lower rate seen to widen cover
Big 4's dominance: Local companies call for level playing field
FPSB India, IFSCA sign pact to promote GIFT IFSC as 'global finance hub'
Data sharing among authorities, taxpayers can help improve I-T dept AIS functionality: Deloitte
Financial Intelligence Unit arms itself with AI to check money laundering
Five GST officials arrested in refund fraud cases
Sebi eases e-onboarding for portfolio managers
ICAI defends action against EY affiliates, says move in sync with its statutory power
CBI arrests income tax officer for accepting Rs 4 lakh bribe
RBI proposes tighter rules for under-construction infra project financing
RBI revises banks' capital market exposure norms for T+1 settlement
MSMEs protest 45-day payment rule, file appeal in apex court: Report
RBI allows standalone primary dealers to borrow in foreign currency
Supreme Court asks Centre to furnish data on notices, arrests done under GST Act
Adani Group faces Sebi scrutiny; show-cause notices issued to 6 firms
Regulatory tightening creates demand for senior roles in forensic functions
Manpasand Beverages scam: How Sebi exposed the Rs 40-crore GST fraud
Foreign funds can issue P notes to investors: What is it, why this matters
Sebi makes mandatory registration of PMS distributor with APMI
CFA bats for enhanced climate accountability measures in RBI's draft norms
Rs 10,000 cr transactions, bogus firms: How police busted multi-cr GST scam
Small finance banks to seek RBI clarification on loan book diversification
RBI proposes to bring NBFCs, co-op banks under operational risk norms
NFRA penalises 3 auditors in Reliance Home Finance case
Sebi allows NRIs to own up to 100% in global funds at the GIFT City
Sebi looks to cut corporate bonds' face value to boost retail participation
Gujarat High Court rules mango pulp attracts 12% GST since July 2017
Sebi board takes measures to curb fraudulent trades in mutual funds
ICAI suggests tax incentives to encourage skill development, green projects
4 ways banks are overcharging borrowers on loan interest rates, as per RBI
ICAI order on EY India affiliates may speed up notification of norms
Sebi asks AIFs to report PPM changes directly to reduce compliance cost
RBI launches two key surveys to get inputs for upcoming monetary policy
CBIC develops common bank audit plan for central, state GST officers
Patanjali Group companies face GST heat, receives show-cause notices
Indian multinationals have to pay 15% global minimum tax in Europe
FinMin studying HC order on PSBs' look out circulars for wilful defaulters
ICAI lens on big four affiliates over their association with global entities
ICAI charges 3 EY India affiliates with professional misconduct
2000 ghost customers, a fake bank account: ₹150 cr vehicle load fraud in Mizoram
Centre may allow companies a bigger CSR canvas to paint on
No Service Tax liability for BookMyShow on transactions with credit card companies
NFRA debars auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
Petitions pile up as GST notices come after 3 years of returns filing
RBI provides road map for SFBs' move to universal banks
Sebi allows AIFs to pledge shares in companies that invest in infra sector
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Budget 2024 Update
Cost of Inflation Index (CII) Table
Income Tax Return Forms & Utilities for
AY 2024-25
Download Income Tax eFiling Utilities
Updated
Download MCA eForms
Updated
RBI Master Circulars / Directions for 2024-25
SEBI Master Circulars / Regulations published in 2024
IRDAI Master Circulars published in 2024
Important Updates
GST Advisory: Enabling filing of Application for Rectification as per Notification No.22/2024-CT, dated 08/10/24
RBI Master Direction: RBI (Credit Information Reporting) Directions, 2025
ICAI FAQs: FAQs on Unique Document Identification Number (UDIN) (Revised 2024)
SEBI Circular: Measure for ease of doing business - Settlement of Account of Clients who have not traded in the last 30 days
PCAOB imposed $35M in fines in 2024
Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catch
Gujarat HC provides relief, says no GST on transfer of state land leases
Daily Newsletter - January 6, 2025
No Section 87A tax rebate despite ITR filing forms being updated recently
ICAI Announcement: Empanelment of Chartered Accountant firms/LLPs for the year 2025-2026
Income Tax Notification No.3: No TDS on purchase of goods from a Unit of IFSC
ICAI bats for concessional tax regime for partnership firms
NFRA's audit quality inspections flag short comings in CA firm
Daily Newsletter - January 3, 2025
SEBI Master Circular: Stock Exchanges and Clearing Corporations
RBI Circular: Introduction of beneficiary bank account name look-up facility for RTGS and NEFT Systems
RBI Circular: Reporting Platform for transactions undertaken to hedge price risk of gold
Customs Notification No.88(NT): Fixation of Tariff Values of Edible Oils,Brass Scrap, Areca Nut,Gold and Silver
Audit fee lowballing doesn't pay off
CGST Circular No. 243: Clarification on various issues pertaining to GST treatment of vouchers
CGST Circular No. 242: Clarification on place of supply of Online Services supplied by the suppliers of services to unregistered recipients
GST Advisory: Waiver Scheme under Section 128A
MCA Notification: The Companies (Accounts) Second Amendment Rules, 2024
Income Tax Circular No.21: Extension of due date for furnishing belated/revised return AY 24-25 in certain cases
Income Tax Circular No.20: Extension of due date for Direct Tax Vivad Se Vishwas Scheme, 2024
Audit needs to be proper
CBIC clarifies rules, says no GST to apply on pre-paid gift vouchers, cards
EPS pensioners can now withdraw their pension from any bank in India
Now you can file rectification request online for incorrect ITR processing even if it’s with the AO
I-T dept set to enhance operations in 2025 by adopting PRUDENT approach
NEFT, RTGS rule change: Verify beneficiary names easily with new account name lookup facility; when can you use it?
These bank accounts will close down from Jan 1. Check if yours is affected
Stockbrokers can ask you to submit income tax returns (ITR) to check PMLA violation
A year where audit integrity took centre stage
NFRA flags deficiencies in BSR & Co's audit of related party transactions
GST on caramel popcorn sold in theatres to stay at 5%, govt clarifies
Weekly Newsletter - December 24, 2024
Daily Newsletter - December 24, 2024
WIRC - ICAI Publications
NFRA slaps a penalty of Rs 2 crore on Deloitte Haskins for ZEEL audit
Budget 2025 To Be Presented On Saturday, Stock Markets To Remain Open For Trading
ICAI Technical Guide: GST Annual Return (Form GSTR 9)