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Indian News
Table of Articles
Small GST taxpayers need to keep tabs on demand notices
In AI age, India Inc gets young on board as independent directors
GST reward scheme on anvil; customers can participate in lucky draw
Sebi plans to bring follow-on offer rules for REITs, InvITs
For many fintechs, NBFC tag may be elusive
Income Tax dept operationalises board for Advance Rulings in Delhi, Mumbai
CBDT notifies rules for valuing rent-free homes provided by employers
NFRA Chair says if CFOs and audit committees are careful, frauds can be prevented
Finfluencers Must Disclose Sebi Registration Number, Qualifications On Social Media And Other Platforms: ASCI
Sebi notifies rules to strengthen investor grievance redressal mechanism
Sebi notifies rule; gives board representation to REITs' unitholders
Companies will need to give report on inventory valuation in case of audit
83-yr-old woman, not liable to file tax returns, wins case against fine
RBI allows infra debt funds to raise money via foreign loan route
Infra debt fund NBFCs must have net owned fund of at least Rs 300 cr: RBI
Give fixed rate option on EMI-based loans while resetting rates: RBI
Lenders can impose penalty on defaults only as 'penal charges': RBI
ITAT: 'Carry forward losses if stake rejig is within grp'
Compliance executives face flak over insider trading norms
Finfluencers will require registration or licence from SEBI, IRDAI: ASCI
Familiarise with newer global areas: FM Nirmala Sitharaman to CAs
CBDT issues draft form for biz to report inventory valuation by accountants
RBI launches centralised web portal for searching unclaimed deposits- UDGAM
GSTN seeks firm to prepare roadmap for transitioning IT systems to GST 2.0
Life insurance payouts will be taxable if yearly premium exceeds Rs 5 lakh
Asci puts more onus on financial, health influencers in new ad guidelines
CBDT issues detailed guidelines on taxation of traditional policies
Gaming apps converting earnings to crypto, Rs 700 crore moved out of India, reveals GST probe
Striking a balance: Adani Ports-Deloitte incident puts focus on auditing practices
Online money gaming firms face massive Rs 45,000 crore tax demand after 28% GST levy
MSMEs blame litigation tangle, cost for being a segment killer
I-T officers must follow ITAT order, return Rs 16L seized from lawyer: HC
AI to help chartered accountants deliver high quality audits: ICAI Prez
Sebi disgorgement orders hit SAT wall
Sebi floats consultation paper to review delisting norms; proposed fixed price for voluntary delisting
ICAI merges phase two and three of mandatory peer review, guidelines to impact firms undertaking audit of large unlisted companies
Probe on insurers over, Income Tax department finds alleged tax evasion of Rs 15,000 cr
Rights of citizens will not be compromised whether the data is stored in India or outside: Ashwini Vaishnaw
Companies pay GST twice as suppliers err in filings
MCA allows 1,270 requests from CA, CS bodies to merge user IDs
All employees have a 'right to vent': Madras high court
Sebi to focus on tech; plans Geotagging solution to boost enforcement activities
RBI selects McKinsey, Accenture to use AI to improve regulatory supervision
Sebi levies Rs 60 lakh fine on individual for flouting regulatory norms
Sebi simplifies KYC process, rationalises risk management framework at KRAs
Investors from Mauritius, Singapore, Cyprus under Taxman’s lens for CCD gains
GST registration to be mandatory for gaming operators based overseas
Adani Ports auditor Deloitte to resign following differences over recording of transactions
Your casual digital transaction could lead to frozen bank account, police investigation. Read how
Banks cautious on lending to small businesses despite high demand, low NPAs
Sebi looks to raise threshold of outstanding long-term borrowings for large corporates
Sebi clarifies on 120 untraceable entities in 'difficult to recover' category
Cabinet clears changes to GST laws to levy 28% GST on online gaming, casinos & horse race clubs
No pin needed: RBI raises payment limit on UPI lite from Rs 200 to Rs 500
More clarity on EMIs, tenor: Borrowers can soon switch between floating, fixed loans
Banks to maintain 10% additional CRR from Aug 12 as temporary measure: RBI
You may soon be able to make UPI payments by talking or just tapping phone
RBI Policy: With unanimous vote, MPC keeps repo rate unchanged at 6.5%
SEBI sends 'warning letter' to Infosys on updation delay
Govt mulls options to impose carbon tax on some imports
Sebi halves listing timeline to 3 days post IPO closure
Sebi mulls guidelines for managing unclaimed funds of clients
PwC resigns as auditor of Paytm amidst ‘changes’ in holding company's auditors
Sebi slaps Rs 20 lakh fine on 4 individuals for non-genuine trades
Govt now selective in levying dumping duty
Niti Aayog looking at tax related issues of engineering, leather, textile industry
Exporters seek amnesty scheme on IGST refund issues
CAG asks FinMin to put in place online Customs refund system for efficiency
Post Supreme Court ruling, banks turn wary of declaring accounts as 'wilful default'
Companies Act: Kolkata leads in withdrawal of cases
NFRA Chief Stresses On Audit Documentation
Sebi considers more disclosures for conglomerates, unlisted entity transactions
Why moonlighting professionals have come under Income Tax Department’s scanner
14,277 GST appeals pending against disputed tax demands by authorities
Lok Sabha passes Digital Personal Data Protection Bill, 2023
Sebi mandates FPIs to carry 10% of corporate bonds trades via RFQ platform
Corporate guarantees given to subsidiaries land many Indian holding companies in a GST pickle
Banks write off Rs 14.56 trn NPAs in last nine financial years: Centre
Leaking consumer contact info may make biz entities liable to Rupees 250 crore fine
Five-day work week in banks soon as industry demand gets nod from IBA
85% taxpayers opt for old regime, 55% fully utilise 80C benefit: survey
Young-professionals to be hired by I-T department to help in tax litigation
CBIC mulling organisational restructuring to make it more effective, do away with overlapping
EPFO to appoint actuary to get consultancy for insurance, pension scheme
Gujarat: Tax evasion of 5.7cr detected
DGGI finds 8k fraud ITC claim cases
Sebi provides clarity on online resolution of disputes framework
Govt to extend date of import restrictions on laptops and computers
Audit unreliable, invalid if files not submitted: NFRA
NFRA debars auditor of Bartronics India for 10 years
Carbon credit export may be allowed, framework with Japan in offing
Sebi reduces time limit for AIFs, VCs to invest overseas to 4 months
ICAI refers edtech firm Byju's matter to its disciplinary committee
India insurance regulator allows exemptions for holdings in merged HDFC Bank
Work on to reduce bond issuance cost, says Sebi's Ashwani Bhatia
Six years of GST: Compensation cess still needs to be sorted out
Govt lists principles of e-comm policy, industry still not satisfied
Sebi allows OFS for units of private listed InvITs via stock exchange mechanism
India's major banks remain unprepared to confront climate risks: Report
Sebi lays down new norms for portfolio managers’ audit
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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