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Indian News
Table of Articles
Govt considering foreign investment regulatory mechanism for FDI supervision
GST relief: No need to pay interest and penalty on GST tax demand; conditional waiver from November 1, 2024
Sebi plans half-yearly disclosures for direct plan mutual fund schemes
SFBs should be vigilant, proactive to mitigate risks: RBI deputy guv
GST Council forms GoM on compensation cess; report expected by Dec 31
Sudden impact: Big 4 audit firms set new terms of engagement after EY worker's death
NSE defers T+0 rolling settlement cycle until further notice
Debt securities listing time cut to T+3
Sebi likely to introduce MF-Lite regulations for passive funds: Madhabi Puri Buch
IBBI amends rules to enhance creditor representation in insolvency process
India climbs to 39th rank in the Global Innovation Index 2024
Sebi amends rules, introduces fixed price process for voluntary delisting
GSTN clarifies on validity of notices, orders without digital signature of taxmen
GoM on GST on health, life insurance premium to meet on October 19
Sebi set to tighten F&O rules to rein in speculative trading
CAG plans to develop its own AI for fast writing of audit reports
I-T dept accuses Hinduja Global Solutions of Rs 2,500 crore tax evasion
All GST apex tribunals by November-end
Measures by MCA to address concerns and guide stakeholders for compliances on MCA21 Portal
Claimed 87A tax rebate for STCG in your ITR? You may get tax demand notice
SC discarded 573 tax cases post-revision in appeal filing: Finance ministry
GoM meeting in Goa: No consensus on GST proposals for real estate sector
Govt extends import regime for IT hardware products till December 31
Sebi board may approve new asset class, MF Lite framework on Sep 30
GST officers detect 10,700 bogus firms, over Rs 10K crore evasion
EY India employee death: Probe finds firm lacking labour welfare permit
Stress needs an audit too: Tragic death of EY employee sparks concerns over intense work pressure & client demands
Sebi probes six local investment banks over handling of small IPOs
Anil Ambani's son Jai Anmol Ambani slapped with ₹1 crore fine by Sebi in Reliance Home Finance case
Two-day GST Summit in Goa: GoM to review tax rates for 100+ products
New group audit norms to cover a wide spectrum of economic value
Tata Sons gets big Rs 1,500 crore tax relief in years-old Docomo deal
Sebi expands mutual fund investment options with Credit Default Swaps
NCDRC orders SBI to pay Rs 97 lakh as compensation for fraud
GoM on GST rate rationalisation to discuss slab, rate tweaks on Sep 25
Majority say they will stop using UPI if transaction fee levied: Survey
Finance Ministry urges DRTs, banks to expedite loan recovery processes
Loss-making MNCs liable to pay tax on India setup
NBFCs diversify funding sources amid increased lending risk weights
EY employee death fallout: Deloitte forms 3-member committee to review people practices
ICAI calls for a pause in audit standards revision process by NFRA
500 non-existent firms claimed bogus GST refunds; two more arrested
Drive to identify bogus GST registrations underway
NFRA debars CA Santosh Deshmukh for one year citing serious audit irregularities at Sanwaria Consumer Ltd
Direct tax Vivad se Viswas Scheme 2024 to be operational from Oct 1
RBI lifts gold loan curbs on IIFL Finance
Supreme Court rejects telcos' plea to recalculate Rs 1L crore dues
India to adopt nuanced approach to deal with at risk NPOs after FATF report
Sebi modifies framework for valuation of AIFs' investment portfolio
CCI can appoint agencies to monitor implementation of its orders
CCI's M&A overhaul: Stricter scrutiny, faster approvals under new rules
FATF lauds India's anti-money laundering, terror financing measures
CBDT revises tax appeal limits to ₹60 lakh, ₹2 crore, ₹5 crore to streamline disputes, reduce litigation
FY26 Budget-making process to start in second week of October
Will lot of taxpayers miss the tax audit report deadline due to this glitch on the ITR e-filing portal?
Govt probing allegations by EY employee's mom about firm's work culture
EY staffer's death puts focus on work stress
NPS Vatsalya: Your child can get more than Rs 10 crore on retirement
US Fed cuts interest rates by 50 bps in a first since 2020: Why it matters for India
IRA, SEBI unveil data benchmarking institutions for REITs
Sitharaman launches NPS Vatsalya, parents can open pension a/c for children
Now, withdraw up to Rs 1 lakh from your PF, even within 6 months of joining
Fears over proposed revamp of audit standards misplaced: NFRA
Tupperware Brands files for bankruptcy as company seeks 'strategic alternatives'
AI for MSMEs: Bridging the gap between technology and business goals is important
Big defaulters may bypass courts to let banks win
IBBI chief asks insolvency professionals to be transparent to improve bids
Dispute over food GST: Gujarat High Court rules in company's favour
NFRA issues revised audit standards for public input to align with ISA 600
New UPI Lite feature! Soon your UPI Lite balance will be topped up automatically - here’s how it will work
No tax rate reductions for old regime, clarifies Nirmala Sitharaman
Rs 1 cr penalty on HDFC Bank: How to protect yourself from recovery agents
Foreign banks in regulatory standoff seek RBI relief on trading rules
PM launches IFSCA’s Single Window IT System
RBI plans to revamp currency management infra to cater to future cash needs
Record Rs 81,875 crore GST evasion detected in online gaming in FY24
GST Council forms GoM to review tax rate on insurance; report by Oct 30
Inter-dept panel may be set up to ensure compliance by online gaming platforms
Byju's bankruptcy ruling in US comes as a surprise for Indian officials
RBI imposes penalty on BNP Paribas, 3 others for compliance lapses
Postal dept to assist pensioners in submitting digital life certificate
4 GST officials held for conducting fake raid, extorting Rs 1.5 crore from Bengaluru businessman
UPI users can now send Rs 5 lakh for some transactions
RBI Guv Shaktikanta Das signals no policy change despite dip in inflation
DoEA notifies Foreign Exchange (Compounding Proceedings) Rules, 2024 in pursuance of Union Budget 2024-25 announcement
CCI investigation finds Amazon, Walmart's Flipkart breached antitrust laws
SC to decide fate of DRI tax notices going back 18 years
Big Five take corrective steps after NFRA’s inspection
Sebi considers new stricter rules to curb risks as tiny IPOs boom
Finance ministry allows GST deductions to dealers on demo vehicles
Centre brings elders over 70 years under ambit of Ayushman Bharat scheme
Time for fintech NBFCs to revisit business models, says India Ratings
Sebi tweaks margin trading facilities' framework to ease collateral burden
Lawyers in Jharkhand to get Rs 5 lakh medical insurance
Tax on EPF withdrawals: Know what rules say about deduction, exemption
Govt backs disclosures for credit card, e-transactions
Digital cos with 10% India users need CCI nod for mergers & acquisitions
RBI slaps penalties on Axis, HDFC Bank for non-compliance with directives
GST tweak on commercial rentals to bring higher revenue for govt: Experts
M&A deal value of over Rs 2,000 crore comes under Competition Act
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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
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)
FRC Reference Material: Annual Audit Quality Inspection Findings 2023-24 Tier 2 and Tier 3 Audit Firms
ITR filing deadline extension: Bombay HC orders tax dept to allow these taxpayers claiming 87A rebate to file ITR till January 15, 2024
Daily Newsletter - December 23, 2024
FRC Reference Material: Review of Corporate Governance Reporting
Unique ID to be deployed to check GST evasion in select commodities
Director not liable if company cheque dishonoured: SC
Switzerland MFN withdrawal: Pay 10% tax on dividend income from January 1, 2025
What gets cheaper, what is costlier after GST Council meet? Details here
Recommendations of the 55th Meeting of the GST Council