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Indian News
Table of Articles
GST meeting: Group of Ministers agree on maintaining current tax slab but no word on online gaming
Sebi asks CAs to be extra careful while auditing cos listed on SME exchange
Anil Ambani banned from security market for 5 yrs, fined Rs 25 cr by Sebi
RBI alters rules to allow e-mandate for auto-replenishment of FASTag, NCMC
To ban or regulate? Govt's cryptocurrency paper likely by October 2024
Review of Income Tax Act to be completed in given timeframe: CBDT Chairman
Banks won't send pre-debit notifications for these two types of recurring payment e-mandates
CBDT forms committee to review I-T Act, 'sunset' clauses to be eliminated
Adopt supportive, empathetic approach towards MSMEs: RBI dy guv to lenders
Top audit firms concerned after hefty penalty on BSR & Associates
Infosys, foreign airlines and foreign shipping lines may get GST relief: Report
CCI warns staff over unauthorised media contacts, information disclosure
Over Rs 80,000 crore worth GST notices issued for assessment year 2018-22
Use simpler language in tax notices, don't instil fear: FM tells officials
Sebi's rights issue revamp may require tightrope walk
IBA to take up overseas banks' local data storage issue with RBI
Income tax dept processed about 40 mn ITRs for AY 2024-25 in 15 days
Bombay High Court quashes ₹2,237 crore GST demand against Larsen & Toubro
ITAT: No penalty for income concealed if taxpayer corrects error in revised return
GST sleuths tracking merchants skipping tax via digital payments
Who needs an income tax clearance to travel overseas? CBDT clarifies
D-Street bull run brings windfall gains for Sebi too
Latest global audit norm adoption on regulators' table to address gaps
RBI move to allow AMC license to IndusInd Bank could open route for para-banking activities by banks
Wealthy Indians' plan to invest abroad via GIFT city hits roadblock
RBI guv Shaktikanta Das ranked as top central banker for 2nd straight year
RBI asks banks to monitor credit-deposit gap to avoid liquidity issues
Sent money to the wrong UPI address? Here's how to get a quick refund
In a setback to BSE, Sebi denies relief on payment of regulatory fee
NFRA imposes ₹10 crore penalty on BSR & Associates, debars two partners
RBI releases framework for financial market self-regulatory organisations
Sebi releases guidelines for market borrowing by Category I, II AIFs
India will need around 1 lakh company secretaries by 2030: Top body
Sebi categories dues worth Rs 76,293 crore as 'difficult to recover'
NPCI launches 'UPI Circle' for secure delegated payments with trusted users
FinMin must identify high risk taxpayers in GST composition scheme: CAG
Customs academy, ICAI join hands for capacity building of GST officers
CBIC asks GST officers to consult board on law interpretation while conducting audit
Check high-value cash transactions at hotels, hospitals: CBDT to I-T Dept
Sebi proposes to introduce liquidity window facility for bond investors
Foreign exchange rules amended: Cross-border share swaps eased by govt
RBI flags breach of regulations by some NBFC-P2P lending platforms
RBI imposes penalties on BoM, Hinduja Leyland Finance, Poonawalla Fincorp
GST evasion: DGGI shoots over 1,000 tax notices ahead of 5 August deadline
RBI might ask banks dealing with UAE to push direct rupee-dirham settlement
Fintechs asked to sign up on financial cyber fraud reporting portal
ED freezes ₹209.08 cr assets in 4,037-cr CPL loan fraud case
SGBs turn costly affair for govt, fail to curb imports
MCA notifies new accounting standard Ind AS 117 on ‘insurance contracts’
RBI proposes risk-based pricing for bank deposit insurance
Fitch Ratings: Indian Banks Have Sufficient Buffers for IFRS 9 Transition
MCA launches probe into Snapdeal operator
HC sets aside assessment proceeding against NRI over faceless issue
Some positive changes by audit firms, but a lot more needs to be done: Ajay Bhushan Pandey
Share buyback tax regime to change from October 1: What this means for you
Widespread adoption of digital payments raises operational risks: RBI DG
Investing in FDs with an NBFC? Check new RBI rules on premature withdrawal, nominations applicable from Jan 1, 2025
Insolvency Board mandates to provide unique ID to each valuation report
Affordable housing finance companies to gain from RBI norms tweak
Delhi: How the transfer of an officer uncovered a massive GST fraud involving 500 fake companies
MSMEs to get Rs 15,000-crore subsidy to adopt green tech
Taxpayers getting faster refunds this year? FM says ITR processing time reduced to 10 days from 93 days
GST Council to meet on Sept 9, to start discussion on rate rationalisation
Companies race against taxing times to give buyback call
CCI orders unusual recall of reports on Apple antitrust investigation
RBI deputy Guv cautions against use of CBDC as 'safe havens' during crisis
Outward remittances exceeding ₹6 lakh come under I-T scanner
Headhunters may get to access independent directors' databank
RBI tweaks risk weights for housing finance companies
RBI tightens HFC norms to bring them on a par with NBFCs
RBI penalises CSB Bank, Union Bank of India, others for norms violation
Union Bank invites EoIs to sell Rs 2,316 crore NPAs across 45 accounts
RBI sets up 10-member expert committee on benchmarking of its statistics
Sebi proposed F&O norms to hit exchanges, brokers: Reports
One year of DPDP Act: Firms in a fix over delayed implementation of rules
Sovereign green bonds trading at IFSC to start in 2nd half of FY25: RBI Guv
Need enabling framework for ESG bond issuances in India, says RBI
Sebi focuses on improving quality of info given to investors
Banking laws Bill extends tenure of cooperative banks' directors to 10 yrs
India may allow four nominees to a bank account
Major milestone! NSE investor base crosses 10-crore mark
RBI expected to step up intervention if the rupee touches 84 level
Clarity likely soon on grey areas in black money law
Monetary policy: Some entities not following topup loan norms, says RBI
IBBI introduces self-regulatory guidelines for committee of creditors
States should have heart to take call on removal of 18% GST on insurance: Nirmala Sitharaman
RBI shortens frequency of bank reports to credit information companies
New non-financial accounting norms in the works, as ESG grabs centre stage
RBI introduces delegated payments through UPI
RBI to set up public repository of digital lending apps to check unauthorised players
GST authorities issue Rs 2,000 cr notice to 20 insurers operating in SEZs
RBI hikes UPI limit for tax payments to Rs 5 lakh per transaction
RBI's monetary policy committee keeps repo rate unchanged at 6.5%
Banks and fin institutions must build risk management systems to combat unprecedented tech outages: RBI
US Judge refuses to block Byju's payment to India's cricket board
Sebi issues Rs 25-cr notice to Karvy Stock Broking, Parthasarathy
Mushrooming mule accounts fuel rise in financial frauds, says official
DPDP rules to be out for public consultation at end of Budget session
Banks to offer equal benefits for RuPay Credit card on UPI transactions
Companies with multi-state presence to register as ISD with GST authorities
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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