New Delhi, May 23, 2018

The Union Cabinet on Wednesday approved an ordinance for amendments in the Insolvency and Bankruptcy Code (IBC). The ordinance provides a relief to homebuyers who have invested in housing projects of real estate companies that have gone bankrupt.

New Delhi, May 23, 2018

The Centre has approved an ordinance to amend the Insolvency and Bankruptcy Code (IBC), providing a relief to home buyers.

Bengaluru, May 23, 2018

A whistleblower has written to the market regulators in India and the US to take action against the Infosys board and claimed the “current board led by Nandan Nilekani failed to uphold the highest traditions of corporate governance practised by the company” and is “a huge disappointment”.

New Delhi, May 23, 2018

After months of large scale non-compliance in filing of the summary return (GSTR-3B) by taxpayers under Goods and Services Tax (GST), the tax department has started sending reminder notices to such assessees.

23 May 2018

India may levy Goods and Services Tax on cryptocurrency trading, according to people with direct knowledge of the matter, even as there’s lack of clarity about their legal status in the country.

May 22, 2018

The GST-Intelligence Unit has unearthed a racket which used fake bills to claim input tax credit worth Rs 450 crore, the Financial Express reported today.

New Delhi, May 22, 2018

The task-force rewriting the income tax laws has been granted three months more time till August to submit its report to the government, the finance ministry said today.

New Delhi, May 22, 2018

The Authority of Advanced Ruling (AAR) for the goods and services tax (GST) has ruled that firms supplying food and beverages to canteens of other organisations are ‘outdoor caterers’ and the service would attract an 18% GST.

New Delhi, May 22, 2018

New monthly return filing format may help collate details, feel experts

New Delhi, May 22, 2018

India may not accept international arbitration orders annulling tax demands on British firms Vodafone Plc and Cairn Energy, a senior official said, adding the tax department would continue with recovery actions.

Mumbai, May 22, 2018

Sebi has also reached out to other regulators including RBI, IRDAI asking them to consider relaxing the derivative investment rules for institutions under their jurisdictions

May 21, 2018

Markets regulator Sebi today allowed clearing corporations at international financial services centres (IFSCs) to invest their own funds in foreign sovereign securities with the highest credit quality.

New Delhi, May 21, 2018

The government is planning a major overhaul of the competition law, likely bringing in a framework to ensure greater synergy between sector regulators, including RBI, Sebi, Trai and Irdai, and the Competition Commission of India (CCI), a senior official told FE.

New Delhi, May 21, 2018

The Comptroller and Auditor General of India (CAG) Rajiv Mehrishi has called for statutory amendments and setting up of some 'engagement protocols' between the Competition Commission of India (CCI) and sectoral regulators to address overlap issues.

New Delhi, May 20, 2018

The revenue department has made unique identity number Aadhaar and PAN mandatory for persons seeking a customs broker licence, according to a notification.

New Delhi, May 20, 2018

So far only 12 states, including West Bengal, Gujarat, Madhya Pradesh, Rajasthan, Tamil Nadu and Uttar Pradesh, have issued notifications for setting up AAARs

Vadodara, May 20, 2018

The Institute of Cost Accounts of India (ICAI) has urged the centre as well as state governments in Gujarat, Rajasthan, Kerala and Haryana among others to make it compulsory for the co-operatives and PSUs to adopt cost auditing.

Mumbai, May 19, 2018

Sources said investigation was underway and the fraud amount was expected to go up to Rs 2 billion

New Delhi, May 19, 2018

Perhaps Bobby Parekh, employee number eight and the last India CEO of defunct Big Five firm, Andersen, is also the best flag bearer of ‘the Andersen Way’.

New Delhi, May 19, 2018

Mumbai-based Authority of Advanced Ruling (AAR) for the goods and services tax (GST) has held that payment made on account of ‘liquidated damages’ will attract an 18% GST as it is an independent levy which can’t be treated as reduction of the contract price.

New Delhi, May 19, 2018

Sebi said it has been advised by the CDAC to adopt a calibrated approach before opening up the commodity derivatives market

New Delhi, May 18, 2018

The Income Tax Department (ITD) today cautioned TDS deductors to adhere to the stipulated deadline of May 31 for filing their statements failing which they would invite a penalty of Rs.200 for each day of default.

New Delhi, May 18, 2018

The last date for filing of return in Form GSTR-3B for the month of April has been extended by two days.

May 18, 2018

Under the new rules, the system for monitoring the foreign investment limits in listed Indian companies will be implemented and housed at the depositories - NSDL and CDSL

New Delhi, May 17, 2018

The RBI today issued detailed NSFR guidelines to ensure that banks maintain a stable funding profile in relation to the composition of their assets and off-balance sheet activities.