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Indian News
Table of Articles
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
GST council's nod on exempting research grants victory for nation: Atishi
Sebi lifts restrictions on 16 entities in Infosys insider trading case
India fine tuning FTAs with countries to suit domestic industry: Prasada
Recommendations during 54th meeting of the GST Council [Press Release]
SBI Life Insurance fined Rs 1 crore for regulatory violations; Irdai asks insurer to adhere to rules to settle death claims
Tax on helicopter services for religious travel down at 5%: Uttarakhand FM
Tax terrorism? A storm brewing in India’s academic circles can't be taken for granted
Sebi is set to relax entry rules for financial planners. Can you rely on your financial adviser?
ICAI sets up 16-member group on SA600 changes
FM Sitharaman-led GST Council meet begins; Here are the key expectations
CBI arrests Mumbai CGST officer, two others ‘who confined businessman for 18 hours over Rs 60-lakh bribe’
Payments companies BillDesk, CCAvenue handed GST bill for transactions below Rs 2,000
Proof of land: Indian exporters have a new headache
Income tax refund delayed? These taxpayers won’t get refund unless they confirm it on ITR portal
Sebi to tighten derivative rules to increase barriers despite pushback
Irdai halves time to settle death claims by insurers
Irdai asks insurance companies to integrate IT systems with Digilocker
Many states wary of lower GST on health, life covers
Piyush Goyal for border adjustment tax to safeguard steel industry
FM Sitharaman denies 'friction' in Centre-State ties over GST reform
Withdraw your pension from any bank in India from Jan 1: Here's how
New rules for Small Savings Schemes: PPF to SSY changes effective Oct 1
ISA 600 dispute: NFRA, ICAI can find common ground, says official
Finmin relaxes norms for expenditure exceeding Rs 500 cr to give boost to capex
How to use new electronic system to resolve Income Tax disputes
Interest equalisation scheme for exporters extended for another month
SEBI officials accuse leadership steered by Madhabi Buch of ‘toxic, humiliating’ work culture: Report
Assam Police uncovers ₹2,200 cr scam; CM warns against fraudulent online investments
Banks ready list of 3,000 entities involved in fraudulent practices
India’s audit penalties are among the world’s lowest. That could change.
GST on insurance premiums: Karnataka in favour of exemption on products used by working class
FinMin to develop climate finance taxonomy in 6-10 months, says Ajay Seth
To facilitate taxpayers in invoice matching, GSTN to launch IMS from Oct 1
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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 published in 2024
IRDAI Master Circulars published in 2024
Important Updates
Daily Newsletter - October 11, 2024
MCA Notification: The Companies (Adjudication of Penalties) Second Amendment Rules, 2024
IFSCA Circular: Directions to IBUs for operations of the Foreign Currency Accounts of Indian resident individuals opened under LRS
RBI Circular: Submission of information to Credit Information Companies by ARCs
SEBI Circular: Change in timing for securities payout in the Activity schedule for T+1 Rolling Settlement
Over 40 per cent of ICAI probes reveal CA misconduct
Shirdi’s Saibaba Sansthan eligible for income tax exemption on anonymous donations: HC
NFRA slaps penalty of Rs 2 crore on Coffee Day auditors, bars CAs
New GST rules force tenants to bear 18% tax burden
New GST amnesty scheme notified: Waiver of interest and penalty on GST tax demand for eligible taxpayers to be effective from November 1, 2024
IBBI Circular: Extension of time for filing Forms to monitor voluntary liquidation processes under IBC & regulations
IBBI Circular: Extension of time for filing Forms to monitor liquidation processes under IBC & regulations
Income Tax Order: Extension of due date for filing audit report in Form No.10B/10BB for AY 2023-24
15 GST (Rate) Notifications dated October 8, 2024
Nearly 50,000 internship opportunities posted on portal: MCA officials
Weekly Newsletter - October 9, 2024
IFSCA Circular: Format for providing information by a Payment Service Provider
SEBI Circular: Specific due diligence of investors and investments of AIFs
Man declares income of Rs 9.6k, pays tax on Rs 43.5L after US earnings added
CGST Notification No.23 - Waiver of Late Fee Payable u/s 47
CGST Notification No.22 - Special Procedure for Rectification of Order u/s 73 / 74 / 107 / 108
CGST Notification No.21 - Due Date for tax payable in response to demand/order
Banks, NBFCs not permitted to levy foreclosure charges or pre-penalty on loans to micro and small enterprises: RBI
Beneficiary account name look-up facility for RTGS, NEFT transactions soon; how it will reduce wrong money transfers
RBI MPC meet: UPI Lite per transaction limit hiked to Rs 1,000; UPI Lite wallet limit hiked to Rs 5,000
Tax dept invites public inputs for I-T Act review to simplify provisions
RBI Circular: Due diligence in relation to non-resident guarantees availed by persons resident in India
MCA Notification: The IEPFA (Form of Annual Statement of Accounts) Amendment Rules 2024
Supreme Court allows claiming input tax credit on construction expenses
NFRA circular warns against selective application of audit standards
Observed 'gross negligence and audit failure' in audits of GFS: NFRA
NFRA Circular: Responsibilities of Principal Auditor and Other Auditors in Group Audits
Big win for taxman: SC favours tax department in case that will impact fate of 90,000 income tax notices
Big auditors now move away from non-audit work
Weekly Newsletter - October 2, 2024
Income Tax Circular No.11: Order authorizing Income-tax authorities to admit an application or claim for refund and c/f of loss and set off thereof u/s 119(2)(b)