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Indian News
Table of Articles
UPI-related scams account for 55% of total digital payments frauds in India
GST collections: hype and reality
GST dept to get access to banking transactions
Finance companies ask RBI not to rename penal interest as `charges’ to avoid attracting GST
Centre reduces fee for solar PV module ALMM registration, expands validity
Changes in anti-money laundering law can impact foreign investment: CAs
NPCI's RuPay goes live on CVV-less payments for tokenized cardholders
Sebi seeks regulating fractional ownership platforms
Sebi proposes delisting mechanism for non-convertible debt securities
Commerce min reviewing existing guidelines for elections of EPCs, FIEO
IRDAI forms expert panel for advice on mental health cover
Data mismatches to trigger notices under automated GST scrutiny, say experts
Bankruptcy recoveries on the rise
RBI asks banks to complete transition away from LIBOR from July 1
Mumbai: Tax officer & CA acquitted in Rs 2 lakhs bribe demand case
24 big importers found evading Rs 11,000 crore IGST
In win for e-gaming companies, HC quashes Rs 21k crore GST notice
India set to announce compliance details of carbon trading market in June
MCA tightens norms for closure of firms
How will the Reserve Bank of India's new locker norms impact you?
Man arrested for cheating a CA of ₹2 crore
57% of all scams in India are platform frauds, says PwC
CAs flag concerns about glitches in MCA portal
CBIC rolls out module for automated scrutiny of GST returns: FinMin
Pensioners to get 3 months to give consent for diverting additional dues
EPFO issues circular for subscribers to calculate dues and interest rates
New MCA forms for financial statements by July: Govt
IL&FS case: ED searches Deloitte, KPMG’s premises
E-invoicing mandatory from August for B2B supplies by firms with ₹5 cr turnover
EPFO issues FAQs on higher EPS pension, but no clarity on computation
Company slapped with ₹1 Cr penalty for failure to utilise CSR funds
SEBI allows direct access for FPIs in commodity derivatives
Brokers call for Sebi intervention to avert a freeze on bank accounts
Govt expands scope of money laundering law to cover firm's representatives
Bad loan firms call for rule change to open up sector to new players
Goods transport agencies have time till May 31 to opt for GST payment: Govt
Centre asks industry to be ready for EU carbon tax, vows smooth transition
NCLT admits Go First's plea for voluntary insolvency, appoints IRP
GST: Automated returns scrutiny set to roll out
India to push for carbon certificates mutual recognition with EU
Govt entities should curb consumers tendency for ‘forum shopping’, encourage them to approach RERA: Hardeep Singh Puri
Sebi levies Rs 35 lakh fine on 7 entities for non-genuine trades
RBI directs users to pay fee, charges on forex cards in rupees
Finance Ministry Refuses To Act On Insurers Plea In GST Violation Case: Report
Surprise checks one of Goa's plans to boost GST mopup
Ensuring financial stability is a shared responsibility, says FM
Commerce ministry recommends anti-dumping duty on imported optical fibre
Centre to come up with creditor-led insolvency resolution framework: Report
FSDC discusses need for more early warning indicators for economy
Reserve Bank of India imposes penalty worth Rs 1.75 crore on HSBC
FSDC for special drive to help people get unclaimed deposits in banks
Home buyers likely to get some relief from insolvency proceedings
Common GST audit norms for Centre and states from this fiscal
Over 30,000 I-T pleas for condoning ‘delayed returns’ pending
SC: ‘Profit attribution to India operations of foreign company is question of fact’
India asks European Union to recognise its carbon credit trading scheme
Prickly heat powder is a cosmetic; to face higher tax: SC
Irdai proposes to tighten norms for media campaigns by insurers
GSTN defers implementation of e-invoice reporting time limit by 3 months
Live streaming of court proceedings has flipside, judges need to be trained: CJI Chandrachud
Age factor: Indian companies looking for younger independent directors
IBBI seeks public comments on regulatory framework under insolvency law
Sebi shocker for law firms handling IPOs
Sebi comes out with testing framework for IT systems of stock exchanges
Taxmen to conduct two-month special drive to weed out fake GST registrations, identify masterminds
GSTN advises taxpayers to plan return filing, invoice uploading to avoid last-minute rush
Chartered Accountants Become Reporting Agencies After Tweak In Anti-Money Laundering Law: Report
SC: Homoeopathic hair oil entitled to lower tax rates
'Sebi to tell brokers, funds to limit use of financial influencers'
Dealing with EU's carbon tax is high on the agenda: DGFT
FinMin allows 22 finance cos to undertake Aadhaar-based client verification
Here's how banks are coping with surge in cyber attacks, phishing, fraud
India considering allowing foreign investment in nuclear power industry
CA, CS handling client money in PMLA ambit; FinMin notifies rules
RBI updates KYC instructions on wire transfers for banks, institutions
Additional 1.16% contribution for pension fund to come from employers: Govt
India should introduce carbon-pricing system
CBDC more environment friendly than other cashless modes: RBI report
Supreme Court paves way for prosecution of 2 ex-IL&FS audit firms
Performance linked incentive for MF industry to garner more investments, says SEBI official
Irdai proposes guidelines for remuneration of core team of private insurers
No priority for worker dues after liquidation under IBC
MahaRERA issues show-cause notice to chartered accountants
EPFO extends deadline to apply for the higher pension to June 26
Professionals under the scanner for unethical conduct
Govt. amends offshore mining law to encourage private mining
Govt mulls making Indian Patent Act more research friendly, private sector urged to spend on R&D
Go First airline files for bankruptcy at National Company Law Tribunal
Five, including CA, arrested for cyber frauds
GST-registered consumers can approach AAR bench
Go green, earn green: India’s 1st Green Credit scheme to reward eco-friendly actions by individuals, industries
New GST rules in effect from today for businesses with turnover of over ₹100 crore. Details here
State-run banks likely to launch special drive to recover written-off loans
FinMin wants PSBs to enhance recovery rate from written-off accounts to 40%
As risks loom, RBI asks banks not to increase exposure to unsecured loans
New Sebi rule from today: A ban that’s a boon in many ways
Tax notices to MNCs over salaries paid to expat employees
Start automated GST scrutiny, FM Sitharaman tells CBIC
Irdai asks insurance cos to lay down social media guidelines for employees
Taxmen cannot ignore ‘brazen misuse’ of laws: Finance minister Nirmala Sitharaman
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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
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
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