The DoPT said it had been receiving requests for grant of one-time relaxation for reimbursement of cancellation charges.

The stakeholders are keenly eyeing the much-anticipated regulatory changes in incentivising the domestic and foreign investments, easing the compliance burden on startups, among other measures, during the Budget 2021

The British firm has begun identifying overseas Indian assets, including Indian bank accounts, airplanes and other foreign properties, in case the Indian government fails to honour the arbitration award

The government gives guaranteed return to private companies in its business dealings and considers their profit-motive good and desirable. Why the same doesn't hold true for farmers?

Eight chartered accountants have been arrested so far in fake invoice frauds; ICAI has been informed about these arrests and asked to take appropriate actions as per their own rules

The ministry has allocated this additional funds to the state for capital expenditure for undertaking the 'One Nation, One Ration Card' reforms, Ease of Doing Business reforms, and urban local bodies reforms

Budget 2021: Multiple associations and experts have opined that the Section 80C limit must be increased. However, most have suggested almost doubling the limit

The ruling BJP has suggested Finance Minister three-pronged strategy for value maximisation of the PSU, which includes asset monetisation, better corporate governance and restrain from announcing disinvestment target

This move is in line with Prime Minister Narendra Modi's 'Atmanirbhar Bharat' or self-reliant India that aims at promoting domestic manufacturing

Given the skewed finances of the central government owing to the COVID-19 pandemic, there is no elbow room at all to provide any relief to the common taxpayer

The court stated that CBDT can take a lenient approach in terms of consequences of late filing of tax audit reports; \"We leave it to the better discretion of the CBDT,\" it said

SPMCIL paid a dividend of Rs 215.48 crore to the government, which amounts to 5 per cent of net worth of the company as of March 31, 2020, and 41 per cent of profit after tax for FY20

As per the notification, no revenue officers will be allowed to attend conferences, seminars or webinars organised by the non-government entities as resource person without the prior approval of the Finance Ministry, unless they are organised by the government agencies itself

The scheme proposes to set up a National Faceless Appeal Centre (NFAC), Regional Faceless Appeal Centres (RFACs) and Appeal units (AUs) which will allocate a recommendation for penalty made under the faceless assessment programme

Vivek Jalan, a Kolkata-based chartered accountant, told Business Today that going by the Maharashtra government's circular, it seems the states are going against CBIC

In a stock exchange filing, the company said its board will meet on January 15 to consider share buyback as also payment of interim dividend for the fiscal year ending March 2021

The National Youth Festival is celebrated every year from January 12 to 16. January 12 is the birth anniversary of Swami Vivekananda and is also observed as National Youth Day

Foreign Asset Investigation Units (FAIUs) have been recently created in all the 14 investigation directorates of the Income Tax Department located in various parts of the country

Sources said that reports in the media alluding that any purchase, even if below Rs 2 lakh, of gold, silver, jewellery or precious gems and stones in cash require KYC are baseless

Out of the 215 arrests so far, there are 71 masterminds, 81 proprietors, 36 director/managing directors, 15 partners, 3 CEOs, 6 chartered accountants and one each of company secretary, broker, and GST practitioner