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Indian News
Table of Articles
New ruling on Benami law may unearth old deals
More than 60% of taxpayers adopt new I-T regime
Income Tax department’s advisories put NRIs on notice on high value deals: Report
Customers' complaints against credit information companies increasing: RBI
RBI proposes banks with less than 6% net NPAs to declare dividends
Everyone wants to do an FTA with India due to rapidly growing market: GTRI
RBI issues new rules on inoperative, unclaimed savings accounts, FD, deposits: FAQs on how to claim, charges, interest to be paid
Female govt employees may now nominate child for pension before husband
Services of audit cos under lens of NFRA
HDFC Bank goes live with NPCI-developed UPI in secondary market platform
Tax officials arrest mining company MD for GST irregularities of 18 crore
LIC and YES Bank receive tax notices worth 806 cr and 3 cr respectively
SEBI imposes penalty on Unitech Advisors, honchos; bars them from market
Supporting regulatory framework needed to harness benefits of AI: RBI DG
NFRA flags audit lapses by Walker Chandiok, releases inspection report
Indian and Hong Kong Customs bust Trade-Based Money Laundering network, 4 held
Not mandatory for banks, NBFCs to raise green funds: RBI FAQs
Brokers target March-end timeline for offering UPI block facility
RBI extends Payments Infrastructure Development Fund scheme till 2025
Soon, know real time if NEFT, internet banking, UPI, mobile banking are working or down with new banking dashboard
Large international banks ask many Indian HNIs to close accounts
SEBI panel proposes price move as defining criteria for rumour verification
RBI tweaks D-SIB designation methodology, inserts digital payments aspect
Govt extends deadlines for GST officers to issue demand notices for FY'19, FY'20
FinMin sends notices to offshore crypto exchanges, asks Meity to block them
Final ONDC seller to be liable for TCS, CBDT clarifies
More than 196,000 cos, LLPs incorporated till Nov this year: Govt
Sebi tweaks norms for online bond platform providers to boost ease of biz
The Rs 402 crore GST notice that sent Zomato’s shares tumbling
Govt extends RoDTEP benefits to e-commerce exports through post or couriers
SBI, HDFC Bank will need to maintain higher capital from FY25, says RBI
I-T dept leverages tech to scrutinise tax returns, recovers Rs 36,000 cr
CCI clears IndusInd International Holdings Ltd-Reliance Capital deal
RBI implements govt securities lending directions with immediate effect
Sebi extends deadline to add nominees in mutual funds, demat accounts
New rules: EPFO sets new timeframe limits for freezing and de-freezing accounts; know the details
RBI asks NBFCs to broad-base fundraising, reduce dependence on banks
Reserve Bank of India gives nod to reverse merger of IDFC-IDFC First Bank
Jammu: Rs 2 cr recovered from defaulters of GST this year
Bank ordered to pay Rs 10 lakh to customer for loss of jewellery from bank locker
RBI proposes framework to rationalise money changers' authorisation
Income Tax dept sends advisory to taxpayers over mismatch in ITR, TDS/TCS deductions
Govt extends non-preferential certificate of origin online filing period
Tribunal members’ quality affecting decisions: Experts
Sessions court overturns summons to Huawei executives in tax evasion case
Overseas job seekers take note! Recruitment agents can’t charge you more than this amount
Taxpayers may be allowed to file revised GST returns from Apr 2025
HRA Tax exemption: Do you need both rent receipts and agreements? FAQs answered
TDS mismatch: Your investment declaration, HRA, Section 80C investments may come under I-T department lens
GST revenues robust amid stricter audit, 2024 may see tax base widen
Govt to talk with IRDA for review of 24-hour hospitalisation rule for mediclai
New ITR forms: What’s new in ITR-1 and ITR-4 for AY 2024-25? Furnish details of all bank accounts, disclose cash receipts
Get lenders dressing up loans to cut exposure, AIFs tell RBI
Small banks struggle to find CEOs
Compliance costs may spur fintech sector consolidation: Industry experts
CGST dept busts bizman in 357cr fraud case
Centre, Deloitte studying impact of GST on power
No takers for rupee payment for oil imports: Oil ministry in Parliament
Income Tax dept notifies ITR forms 1, 4 for assessment year 2024-25
Health insurance claim reform: Cashless treatment at any hospital may be a reality next year; how it will help
RBI imposes Rs 2 lakh penalty on TDCC Bank for sanctioning loan to director
SEBI to move to instant settlement in two phases
NFRA finds certain lapses in audit quality of network entities of Big 4
Finance Ministry asks banks to monitor top 20 IBC cases
LIC exempted from public stake rule
Govt set to miss target for divestment in 2023-24 too
FinMin economic advisors question rating agencies' view on India's progress
Sebi to auction properties of 5 cos on Jan 22 to recover investors money
CBDT amends safe harbour norms for MNC group transactions
New NPS rules: Now, NPS subscribers can deposit contributions through UPI QR code
Insider trading: Securities Appellate Tribunal scraps Sebi's order against Biyani
You can now tokenise your debit/credit card via mobile and internet banking
Sebi tweaks norms for online resolution of disputes in securities market
Central Goods and Services Tax (Second Amendment) Bill, 2023 passed by Rajya Sabha
Fintech startup EnKash gets RBI nod to operate as payment aggregator
Approval for 19 General insurance cos applications in IRDAI's pipeline
Number of CAG audits on Union govt. tabled in Parliament hits a low in 2023 | Data
Valuation rules for GST on e-gaming platforms effective prospectively: FM
Will review held-up insolvency cases: Government
Are banks making a business out of punishing loan defaulters?
Government mulls two-month asset freeze for bankrupt airlines
Sebi mandates periodic PFMIs assessment for depositories, clearing corps
RBI tightens norms to check evergreening of loans by lenders through AIFs
Unclaimed deposits with banks rise by 28% to Rs 42,270 crore in FY23: Govt
Lok Sabha passes bill to raise age limit of president, members of GSTAT
Banks seek RBI's nod to defer penal interest guideline by 3 months
Govt lashes out at IMF for saying currency intervention excessive
Sebi streamlines regulations for accredited investor registration
I-T dept seized Rs 5,095 crore assets in four years till FY23: Parliament told
SC quashes GST department's plea against HC order on input tax credit
RBI imposed monetary penalties worth Rs 40 crore on 211 entities in 2022-23
SEZ rules amendments to benefit commercial office leasing: Report
Tax row over salary to expats: Chennai tribunal pronounces split verdict
India, US to step up fight against money laundering
56% to shut bank lockers due to rising rentals, KYC requirement: Survey
Irdai proposes limit on surrender charges for non-linked plans
Allow rectification of inadvertent, bonafide errors in GSTR forms, HC tells tax dept
IRDAI release draft for increasing surrender value of non-par products
SAT quashes Sebi penalty against NSE in dark-fibre case
IRDAI aims to move towards RBC model, IFRS by 2025, says chairman
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Budget 2024 Update
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Income Tax Return Forms & Utilities for
AY 2024-25
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RBI Master Circulars / Directions for 2024-25
SEBI Master Circulars / Regulations published in 2024
IRDAI Master Circulars published in 2024
Important Updates
RBI Draft: Formats of Financial Statements of Co-operative Banks
SEBI Circular: Guidelines for Research Analysts
SEBI Circular: Guidelines for Investment Advisers
Weekly Newsletter - January 8, 2025
Daily Newsletter - January 8, 2025
ICAI Exposure Draft: Ind AS 118, Presentation and Disclosure in Financial Statements
RBI Master Direction: RBI (Non-resident Investment in Debt Instruments) Directions, 2025
Income Tax Notification No.6: Conditional exemption for IFSC Unit upon purchase of goods
Big 4 in India outshine MNC parents; combined revenue seen at over Rs 45,000 crore in FY25
GST Advisory: Enabling filing of Application for Rectification as per Notification No.22/2024-CT, dated 08/10/24
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
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
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
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
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
WIRC - ICAI Publications