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GST

GST Officials unearthed a fictitious exporter network f...

ITC fraud

Despite the fact that the interface for taxpayers is digital and electronic, tax evaders attempt fraud even on electronic platforms by misrepresenting fact...

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GST

GST Council may soon bring higher GST and fewer rates...

higher GST and fewer rates

The GST Council determines the slab rates of GST on different goods and services. The Council also reviews the slab rates for goods and services on a regul...

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Taxation

Agreement Between Nations to Pay a Global Minimum Tax o...

Global minimum tax

A majority of the governments across the world have signed a landmark agreement that may compel multinational businesses to pay their fair share of taxes i...

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Income Tax

How to track the status of Income Tax refund?

Income Tax refund

If you ended up paying more tax than your actual tax burden in a particular fiscal year, you may be entitled to an income tax refund after completing your...

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PMLA

Underlining the Scope of Investigation under PMLA

Investigation under PMLA

The Prevention of Money Laundering Act 2002 was introduced to tackle the growing concern of money laundering. Money laundering is a process through which a...

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Finance & Accounting Startup

Common errors in Ind AS financial statements – Ob...

Observations by FRRB

The Financial Reporting Review Board (FRRB) of the Institute of Chartered Accountants of India (ICAI) is established as a proactive tool to enhance financi...

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Income Tax

New Form 26AS expanded to include more information

New Form 26AS expanded

Recently the income tax department expanded the scope of information which needs to be reported in the new form 26AS. The CBDT issued an order on 26th Octo...

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NBFC

Lending cap on NBFCs: Will it be beneficial for small p...

Lending cap on NBFCs

The NBFC sector has witnessed massive growth in the last few years. The size of the balance sheets of NBFCs is now greater than a quarter of that of banks....

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