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Indian News
Table of Articles
Mutual fund distribution fee peaks to 55% of expense ratio
No proposal before govt to lower threshold for generating e-invoice
RBI to migrate payments fraud reporting module to Daksh on January 1
NPS partial withdrawal rule changing for these subscribers from Jan 1
Unfunded pension scheme is a tax on future generations, says Sanyal
Sebi mulls norms for MF investment in IPOs
Unlisted equities in MF portfolios under Sebi scanner
Taxman seeks info from foreign online gaming companies
Judicial member not a must for CCI, rules NCLAT
No request from cost and management accountants to conduct financial audit of MSMEs: MSME Ministry
LIC may look at composite licence post amendment in Insurance Laws
Karnataka industries to be rewarded for environmental compliance
GST hike: Contractors not to bid for fresh tenders
CBIC panel to dispose of pending pre-GST cases
PAN not linked with Aadhaar by end of March 2023 to be rendered inoperative: I-T department
NCLAT sets aside pleas against CCI's Rs 873-crore penalty on UBL, other beer makers
Law on crypto only after international collaboration, risk evaluation: Govt
Several insurance companies exceed limit on expenses in FY22: Irdai report
Karnataka HC sets aside Income Tax’s seizure order of Rs 3,700 crore against Xiaomi
ITAT recalls decision on beneficial ownership under Indo-Mauritius treaty
Traders demand rollout of robust e-com policy, formation of regulator
FinMin asks banks not to use unethical practices to sell insurance policies
NSE to set up Social Stock Exchange as a separate segment
India planning new rules for quicker resolution of builders' insolvency
Goyal introduces bill to decriminalise minor offences to promote ease of doing business
Need insurers catering to niche sectors like NBFCs, MFIs: Rakesh Joshi
Govt examining Supreme Court order on employees' pension scheme: Union minister Rameswar Teli
SEBI extends trading ban on 7 agri items
Sebi to amend buyback norms, bring stricter framework for exchanges: Report
All entities providing banking service subject to same rules: RBI Dy Guv
MPC members voice different views on interest rate and stance: RBI minutes
Sebi to issue consultation paper for secondary market ASBA by March
SEBI to introduce regulatory framework for 'execution only platforms' for direct plans of mutual fund schemes
Borrowers don't benefit from loan write-offs: FM Nirmala Sitharaman
Centre develops new metrics for imports after reports of under-reporting
Irdai advises firms about minimum rate rule for reinsurance treaties
Sebi to gradually phase out share buyback through stock exchange route
Circular in works on tax recovery from cos under IBC
What are the rights of an employee fired from the job?
Moonlighting: Staff can't take up work that's against company's interests, says govt
Interest settlement part of indirect tax scheme with some riders: HC
CBI arrests GST superintendent in Rs 10 lakh bribery case
Centre to levy import duties on non-essential items as exports fall: Report
Banks look at possibility of rupee trade with Bangladesh, African nations
From 70 days to 7, SEBI to fast-track IPO clearance
Proposed changes to insurance laws may cause health claim disputes: Unions
GST Council keeps tax rate same, but defers key reforms
GST Council doubles limit for launching prosecution to Rs 2 cr; defines SUVs for 22 pc cess
GST Council defers GoMs reports on appellate tribunal, capacity-based tax
Punjab FM opposes any increase in GST on education related goods
28% GST on online games when winning depends on certain outcome: CBIC chief
Centre working on property, discoms data sharing to widen GST payer base
Centre, state govts to focus on efforts to widen GST base: FM Sitharaman
Sebi issues performance benchmarking guidelines for portfolio managers
Sebi comes out with framework for orderly winding down of clearing corps
ICAI Can Suo Motu Initiate Disciplinary Proceedings Against Its Members, Written Complaint Not Sine Qua Non For Taking Action: Delhi High Court
India rupee settlement mechanism draws interest from more nations
GST Council meet: GoM pitches for 'specific tax levy' on pan masala, gutkha
Sebi planning 'micro' REITs to bring property companies to nascent market
No consensus in GoM report on GST framework for online gaming
Limit use of 'fancy adjectives' on labels, ads: FSSAI to food companies
Over 5 years, banks recovered just 13% of ₹10-lakh-cr loan write-off: FinMin data
Competition Bill: Panel asks for explicit definition of material influence
RBI advises fintechs to focus on governance, data protection issues
Parliament passes bill to mandate use of renewable energy, carbon trading
IRDAI’s new notification throws open wider choices for customers, corporate agents
Delhi HC directs Irdai to introduce products for persons with disabilities
CBDT exempts NR taxpayers from mandatory Form 10F e-filing for now
GST Appellate Tribunal likely by mid-2023
RBI removes informal restrictions on rupee NDF trades, says report
Inflation relief for first time in 10 months, but IIP dampens mood; RBI in a fix, to hike or not to hike rate?
Banks wrote off NPAs in excess of ₹10 lakh cr. in last 5 years: FM
'Banks not required to inform about rate change in floating plan': NCRDC
Finance Minister Nirmala Sitharaman says GST claims of states to be settled after receiving AG certificate
RBI circular permits resident entities to hedge gold price risks at IFSC
CSR: Companies Spent 60% Money For Education, Healthcare, Rural Development Works In 2014-15 To 2020-21 Period
Indian firms spent Rs 36,145 cr on corporate social responsibilty in 2019-21
RBI allows lenders to sell loans before ‘default’ tag
GST Council meeting: Panel for raising threshold for offences to Rs 2 cr
GST evasion of Rs 23,000 cr by gaming firms being investigated: MoS to LS
Digital lending apps: RBI received 13,000 complaints against banks, NBFCs
Sebi may prescribe global Private Equity and Venture Capital-like valuation norms for AIFs
RBI imposes penalty on 13 cooperative banks for breaching regulatory norms
Centre not to make public RBI report stating reasons for breach of inflation target for three quarters
Fixed denominations vs token system: Why digital cash needs to feel real
CA articleship reduced to 2 yrs, major changes in syllabus
With anonymity in doubt, few takers for the e-Rupee
Govt asks banks, stakeholders to explore more countries for trade in rupee
RBI shortlists 7 global consultancy firms to use AI, ML to improve regulatory supervision
Mutual Funds industry seeks management of pension, provident, insurance funds
Not all banks may opt to sell products of 27 insurers, say experts
PAN will get inoperative if not linked with Aadhaar by 1 April: Income Tax department
Sebi Revises Norms For Foreign Investment In Alternative Investment Funds
Beware taxpayers! Time limit for verification of ITR has been reduced to just 30 days
PFRDA launches ‘personalised’ NPS retirement calculator and planner for individuals
Sebi bars AIFs from raising capital from non-compliant foreign investors
Auditors must remain sceptical, challenge management views: Ajay Bhushan Pandey, Chairman, National Financial Reporting Authority
More sectors to be covered under PLI scheme soon, says Piyush Goyal
Sebi receives over 30,000 whistleblower complaints: Chief vigilance officer
House panel approves Competition Amendment Bill with some tweaks
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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
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)