Mumbai, October 20, 2017

Employees and officers unions of the Income Tax Department have warned of a nationwide stir against the implementation of the new advance software package–IT Biz Application (ITBA)–from October 1, and asked the department to delay the same by at least three months.

New Delhi, October 20, 2017

Individuals, partnership entities as well as companies can act as valuers under the Companies Act after getting registered with an authority specified by the government, says a notification.

October 20, 2017

GST portal clarifies that submission of returns is not equivalent to filing

New Delhi, October 20, 2017

Until now, most of the small savings schemes were sold through post offices

October 18, 2017

The recent string of devastating hurricanes and wildfires in the U.S. and its territories has prompted questions about financial reporting by companies striving to recover from natural disasters while wrestling with their insurance companies over damage claims.

October 17, 2017

In what the Financial Accounting Standards Board (FASB) calls a “perpetual project"

New Delhi, October 18, 2017

GST panel mulls paring rate on such eateries to 12% from 18%, bring them at par with non-AC ones; Five-star and above to continue to attract 18%

New Delhi, October 18, 2017

A person can enter the 'chat room' by furnishing an email-id and ask questions as a guest

New Delhi, October 18, 2017

Finance Minister Arun Jaitley on Tuesday launched gold options trading on Multi-Commodity Exchange of India (MCX).

New Delhi. October 17, 2017

The Central Board of Excise and Customs (CBEC) will redistribute tax appeals pending before the Commissioner (Appeals) Central Excise and Service Tax.

New Delhi, October 17, 2017

The number of goods in the highest 28 per cent GST slab would be brought down and a committee of officers will calculate the revenue impact before going in for a further reduction in tax rates, Revenue Secretary Hasmukh Adhia said today.

New Delhi, October 17, 2017

The Council also is learnt to have agreed upon the need to have a proper module and adequate pilot testing in place to ensure that the IT backbone for e-way bill is stable.

New Delhi, October 16, 2017

Markets regulator Sebi today asked exchanges to prefer physical settlement system for commodity derivatives contracts, a move that is expected to help hedgers manage risk better as well as curb excessive manipulation.

Lucknow, October 16, 2017

PM Modi had exhorted for creating four top Indian consultancy firms by 2022

Hyderabad, October 13, 2017

A doubt that bothers many consumers is whether the GST claim raised by a shopkeeper is genuine or not as there is currently no avenue to check the veracity of such claims.

Oct 13th 2017

The Financial Accounting Standards Board (FASB) is proposing an update to land easements that includes determining whether easements are leases.

New Delhi, October 13, 2017

Government will clear pending GST refunds of exporters by November-end

New Delhi, October 13, 2017

Centre suspends reverse charge till March 2018

New Delhi, October 13, 2017

Reduces levy to 65% of the applicable rate

The GST Council has softened the tax blow on vehicles purchased and leased prior to July 1, when the Goods and Services Tax (GST) system was introduced in the country.

Mumbai, October 13, 2017

The Reserve Bank of India (RBI) on Thursday proposed a scheme to encourage transparent and fair pricing in the retail forex market by developing a foreign exchange platform for retail participants along the lines of the FX-Clear platform of Clearing Corporation of India Ltd (CCIL).

Kolkata, October 13, 2017

Reserve Bank of India appears to be preparing a policy on cryptocurrency, a virtual money used as medium of exchange in many countries including India but is not legalised here.

October 12, 2017

GSTN’s failure to handle the flood of GST return filings raises serious doubts about the success of the e-way bill system for SMEs

New Delhi, October 12, 2017

The working group constituted by the Insolvency and Bankruptcy Board of India has laid out draft regulations for repayment plan for individuals and firms declaring insolvency, providing a framework for resolution of personal insolvency.

Oct 11th 2017

The Financial Accounting Standards Board (FASB) recently voted to make changes to Topic 810 of the board’s Accounting Standards Codification by developing new rules that address consolidation of legal entities and how that is determined.

Washington DC, October 12, 2017

Says corporate tax rate should also be low with broader base, fewer exemptions