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Indian News
Table of Articles
Ex-SEBI Chairman Ajay Tyagi criticises independent directors for quitting on flimsy grounds, calls them gatekeepers for good governance
Companies can file CSR report for FY23 by March next year: MCA
Excellent results from tech in detecting tax evasion: CBDT Chief
RBI may consider changing CRR computation timing
Fake companies and eway bills to spin Rs 10,000-crore GST fraud
Filings on MCA portal surge since Jan revamp
RBI imposes Rs 2.2 crore penalty on Indian Overseas Bank for non-compliance
IRDAI directs SBI Life to take over Sahara India Life Insurance business
RBI releases draft on cyber resilience, digital payment security controls
CBIC reorganizes National Assessment Centre
Angel tax-hit venture funds reach out to CBDT for relief
Digital transactions in India highest in world but why is cash still king?
New TER structure to pose challenge for smaller AMCs
Uttar Pradesh govt launches 15-day mega registration drive for MSMEs
Irdai issues Bima Vahaks draft to establish channel at Gram Panchayat level
SEBI cancels Certificate of Registration of Karvy Stock Broking
Sebi to auction properties of 7 business groups on June 28 to recover investors' money
Prioritise depositors over shareholders: RBI deputy governor M K Jain
I-T dept to keep open SFT returns filing portal for FY'23 for 'couple days'
NFRA slaps Rs 1.10 cr fine, imposes ban on two auditors, one audit firm
Bringing electricity under GST is likely to take 5-10 years: Sushil Kumar Modi
Deloitte flags Adani Port transactions citing 'insufficient disclosures'
Sebi proposes enhanced disclosure requirements for high-risk FPIs
RBI Dy Guv calls for better risk management, governance at banks
Amfi to form ethics panel to curb misconduct in asset management companies
‘HTM bond sales to hurt banks, but not as badly as in U.S.’
Regulators step up scrutiny ahead of review by global money laundering watchdog
Income Tax department notifies e-appeals scheme to ensure electronic filing
RBI plans new payment system to safeguard essential payments against digital attack, natural calamities
‘Sebi fee review to make a big dent in MFs’ profits’
No penalty if GST no. not put up outside firms, bizmen told
MP: Two held for GST fraud of more than 12 cr in Indore
Organisations adopting sustainability reporting get competitive edge
"Individual directors should not have any conflict of interest," says RBI Governor
RBI governor warns bank boards against overaggressive growth, evergreening
RBI reviews bond value norms that shield banks
Sebi may soon ease compliance norms for PE, VC funds in India: Report
Angel tax: Startups await clarity on 'missed targets'
Angel tax: Experts seek 10% safe harbour for convertible preference shares
Now income proof mandatory for Rs 10 lakh investments in small savings schemes
CFOs to be blamed for most of frauds, says SEBI WTM Mohanty
Courts staying GST demands till tribunal is set up
Banks, CBI spar over nod for action on fraud loans
RBI imposes Rs 85 lakh penalty on Central Bank of India for non-compliance relating to frauds classification and reporting
NCLAT sets aside NCLT order on Zee-Sony merger
Sebi to issue mutual fund light regulations for passive funds; seeks to ease compliance burden
Govt. trying to link TCS on overseas spends to local TDS to smoothen cash flows: CEA
CBIC extends April GST return filing deadline for Manipur biz till May 31
Leave encashment limit for non-govt employees hiked to Rs 25 lakh: CBDT
Investment in start-ups from 21 nations will be exempt from angel tax
If you don't reply to income tax dept's queries, ITR likely to be picked for full scrutiny: CBDT
Tax dept to act on specific evasion data
SBI penalised for sending bills to man despite credit card's expiry
10,000 Fake GST Registrations Identified As Government Intensifies Crackdown On Tax Violators: Report
SEBI tightens reporting requirements for offshore funds
Sebi mulls prohibiting differential rights to AIF investors
ED raids foreign-registered online gaming portals; says Rs 4,000cr funds sent abroad illegally
Forceful seizure of vehicles by recovery agents is illegal: Patna high court
Consumer Commission directs Reliance Life Insurance to pay ₹60 lakh with interest to widow of policyholder
Banks, lenders wary as RBI tags centralised KYC as high risk
Traders condemn GST Department's verification drive
Changes to angel tax will provide relief to small businesses, startups: Experts
TDS rules: Online gaming bonus, incentives taxable if withdrawn, says CBDT
SC ruling on user development fee provides guidance for GST, tax on royalty
I-T officials too face hurdles in Gameskraft case
Customs to introduce additional disclosures for export-import of medicinal products from June 1
GSTN to go live on Account Aggregator ecosystem before July 1
RBI asks banks to keep daily data on exchange, deposit of Rs 2,000 notes
Sebi proposes measures to contain price volatility on shares in derivative segment
Intimation of arrest through SMS is invalid: Madras HC
President’s name in a contract is no immunity against the application of law to test its conditions, SC holds
ITAT quashes taxing Swiss a/c funds in hands of NRI
AAAR: Flat buyers will face 18% GST on open car parks’ sale
NFRA imposes five-year ban, Rs 5 lakh penalty on auditor for lapses
Sebi proposes to cut down IPO listing timeline to 3 days from 6 days
SEBI proposes institutional mechanism for AMCs for deterrence of possible market abuse, fraudulent transaction
CBDT proposes changes to Rule 11UA in respect of Angel Tax - Also proposes to notify Excluded Entities
GST E-invoicing: A new era of efficiency and accountability in Indian taxation
No TCS on overseas payment via international credit, debit cards upto Rs. 7 lakhs: FinMin
RBI may cancel licence of asset reconstruction companies after I-T report
RBI planning strict rules for firms offering payments via PoS machines
SEBI proposes changes in mutual funds' Total Expense Ratio to curb mis-selling
SEBI proposes new framework for AIFs to strengthen corporate governance rules
SEBI probe into Adani drew a blank: Supreme Court-appointed panel
Cracking the whip: Stricter rules against suspicious trading on cards
Reserve Bank of India to withdraw Rs 2,000 currency notes from circulation
Paytm partners with SBI Card, NPCI to launch co-branded RuPay credit cards
FinMin applies amnesty scheme for traders failing to meet export obligation
Travelling abroad? Limit personal expenses to $250K on intnl credit cards
Your credit card payments overseas will attract a 20% TCS from July 1
DPIIT takes up startup taxation issue with finance ministry: Secretary
Irdai forms task force to facilitate ease of doing KYC using Aadhaar
TDS is applicable on interest earned from Mahila Samman Savings Scheme: CBDT
IBC ecosystem may get common technology
IRDAI lowers the solvency requirement for surety bonds to 1.5 times
Sebi mulls expanding definition of QIB for debt securities
Payments banks approach RBI to rehaul regulations
Sebi slaps Rs 25 lakh penalty on 5 entities for non-genuine trades
Banks request RBI for 1 more year to implement new loan provisioning system
Centre cuts windfall gains tax on domestic crude oil to nil
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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
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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
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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
NFRA slaps a penalty of Rs 2 crore on Deloitte Haskins for ZEEL audit
ICAI Technical Guide: GST Annual Return (Form GSTR 9)
FRC Reference Material: Annual Audit Quality Inspection Findings 2023-24 Tier 2 and Tier 3 Audit Firms