New Delhi, February 18, 2018

The case pertains to the Security Printing and Minting Corporation of India Limited which reimbursed Rs 25,000 -- the maximum penalty levied by the CIC -- to the officer from government funds as "legal and professional charges".

February 17, 2018

Insolvency proceedings can be started against a company even if the winding up petition against it is pending in a high court, the principal bench of the National Company Law Tribunal said on Friday.

Chennai, February 17, 2018

India needs more tax payers. Countries where people paid more income taxes are ones that developed for various reasons.

New Delhi, February 17, 2018

Chartered accountants' apex body ICAI on Friday said it has taken suo motu cognisance of the $1.77 billion fraud at Punjab National Bank and has sought information from investigation agencies besides setting up a group to study the system issues arising out of the incident.

Mumbai, February 17, 2018

Regulatory probe into the alleged Rs 11,400-crore fraud at Punjab National Bank is gaining momentum.

February 16, 2018

RBI said it has already undertaken assessment of control systems in PNB and will take appropriate supervisory action

New Delhi, February 16, 2018

Markets regulator Sebi has eased the norms for foreign portfolio investors, doing away with the prior-approval requirement in case of change in local custodian.

New Delhi/Mumbai February 16, 2018

Investors may have been shocked when one of India’s biggest banks disclosed a $1.77 billion fraud by a billionaire jeweller, but the central bank has recorded data that shows the problem runs far deeper and wider.

Mumbai, February 15, 2018

The finance ministry has issued an advisory to all banks to review their large customer exposures, according to media reports

Mumbai, February 15, 2018

The Authority of Advance Rulings (AAR) has held that the salary income of a nonresident individual for services rendered overseas cannot be taxed in India, even when such salary is paid into a bank account in India.

February 15, 2018

Startups in India can expect some relief in coming day from the government on the issue of the tax infamously referred as the “Angel Tax”.

New Delhi, February 14, 2018

The GST will not be charged on the cost of food served to patients by hospitals as advised by doctors, the government has said.

February 14, 2018

Chartered accountants' apex body ICAI is looking into various aspects of virtual currencies and will come out with a concept paper on the same, according to its president Naveen N D Gupta.

New Delhi, February 14, 2018

Sebi is likely to probe possible disclosure lapses by banks and other listed companies, including several jewellery firms, that have come under the scanner in connection with the whopping Rs 11,000 crore fraud detected at state-owned PNB.

Mumbai, February 14, 2018

Industry says this will affect brand recall of popular schemes

Mumbai, February 14, 2018

New RBI rules make accounts with 60-90 days' unpaid dues vulnerable

New Delhi, February 14, 2018

The survey findings emphasised the importance of accounting professionals for businesses to be compliant with GST, underscoring the willingness for compliance and the trust of people in the acumen and expertise of accounting professionals.

New Delhi, February 13, 2018

New bench could be dedicated for public interest cases, says new ICAI Prez

New Delhi, February 13, 2018

It further said that apart from ensuring existing benefits, certain new benefits to the depositors have been proposed under the bill

New Delhi, February 13, 2018

Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Tuesday said that the excise duty and Value Added Tax (VAT) levied on crude oil would be replaced with the Goods and Services Tax (GST) in the near future.

New Delhi, February 13, 2018

Revenues from the Goods and Services Tax could cross Rs 1 lakh crore a month towards the end of next fiscal once anti-evasion measures like matching of tax data and e-way bill are put in place, finance ministry officials said on Tuesday.

Mumbai, February 13, 2018

Banks must implement a resolution plan within 180 days where exposure is Rs2,000 crore and above, failing which the NPA account has to be referred to the insolvency and bankruptcy code within 15 days

New Delhi, February 13, 2018

Current system of manual assessment will continue in cases, where the books of accounts or original documents have to be examined

Mumbai, February 12, 2018

The Bombay High Court has said the Goods and Services Tax (GST), though "highly publicised" by the Union government, was "not tax-friendly."

New Delhi, February 12, 2018

EPFO has encashed its first tranche of equity investments it made in 2015 and made capital gain, including dividends, of Rs1,053.75 crore