The Ministry of Corporate Affairs (MCA) is likely to recommend deeper deregulation of non-assurance services offered by chartered accountant firms,
An India court ruling forcing Tiger Global Management to pay taxes on an asset sale will have ripple effects on
The contract is valued at around ₹3,000 crore and will be executed over a period of seven years. LTIMindtree on
Boards and management of companies using artificial intelligence tools for business growth must audit whether the deployment complies with fair
The Supreme Court’s ruling in the Tiger Global case has fundamentally altered the tax treatment of offshore investment structures routed
In a landmark ruling on international tax-treaty use by the companies, the Supreme Court on Thursday set aside the Delhi
Coupled with higher raw material costs, this situation is set to dampen profit levels. Cement companies are set to witness
As many taxpayers have still been waiting for their refunds, the Income Tax (I-T) Department has released the data of
Corporate mergers and amalgamations can trigger tax liabilities for shareholders who are not viewed as long-term investors in the erstwhile,
This decision overturns a 2011 Gujarat High Court judgment, clarifying that vehicles designed for closed premises are outside the Motor
New Delhi: India is weighing a proposal to extend a presumptive tax regime for non-residents to the renewable energy sector,
New Delhi: In a relief to companies operating heavy industrial and construction machinery, the Supreme Court Thursday held that vehicles
The National Financial Reporting Authority (NFRA) has flagged systemic non-compliance by statutory auditors with mandatory communication requirements under Standard on
The Centre is considering extension of the tax deferral on employee stock option plans (Esop) to all startups recognised by
On October 31, 2025, the Income Tax Appellate Tribunal (ITAT) Chennai ruled that just because someone holds the title of
New Delhi, Public trust in tax remains strongest in Asia and India stands out for its relatively strong tax morale
Credit growth in the country is expected to remain at around 12 per cent year-on-year in FY26 and improve to
Old income tax demands, going back to 2009-11 or even as early as 2005, are popping up on the income
The Institute of Chartered Accountants of India (ICAI) has deferred the so-called “peer review” requirement for auditors of state-run bank
The gross Goods and Services Tax collections for December 2025 were at Rs 1.75 lakh crore, marking a 6.1 per
The Institute of Chartered Accountants of India has released an exposure draft of the Information Systems Audit Standards proposing a
With just over a month to go until Budget 2026, industry experts are asking the government to impliment some suggestions.
Indian companies will be required to immediately expense higher gratuity and leave liabilities in profit and loss under Ind AS,
New Delhi: India and the European Union are slated to hold talks in early January on a range of trade
Indian residents can invest in outbound US dollar denominated mutual funds in GIFT city to diversify their portfolios, especially since
Colgate-Palmolive (India) said on Friday it has received a tax demand order worth Rs 267.64 crore for the fiscal 2021-22
Calendar year 2025 saw a series of regulatory, standard-setting and operational developments across accounting and auditing. Audit regulators, accounting standard-setters
New Delhi: The Delhi High Court on Wednesday expressed displeasure over the authorities doing nothing to grant exemption from taxes
Representative image Nearly a decade after its rollout, the Goods and Services Tax (GST) entered a more settled phase in
UltraTech is the country’s leading cement maker, with a capacity nearing 200 million tonnes per annum. UltraTech Cement on Saturday
Chinese-owned smartphone maker Oppo Mobiles India Pvt Ltd paid ₹1,579 crore of custom duty under protest to the government in
The National Financial Reporting Authority has raised concerns over how audit firms maintain, archive and submit audit files, warning that
India’s net direct tax collections rose 8% to Rs 17.05 lakh crore so far in the current financial year, helped
ICICI Bank India’s second largest private banker ICICI bank on Thursday said that it has received an order from Additional
India’s audit rulebook is poised for a significant regulatory reset, with the National Financial Reporting Authority formally placing 40 revised
Vivek Anand The government’s decision to rationalise GST rates on two-wheelers delivered an immediate and meaningful boost to demand, triggering
The Central Board of Direct Taxes has uncovered significant misuse of tax deductions for political and charitable donations. The Central
New Delhi, InterGlobe Aviation, which operates the IndiGo airline, on Friday approached the Delhi High Court seeking refund of more
NEW DELHI: India and France have struck a deal to revise their 1992 treaty which will halve the tax on
The Institute of Chartered Accountants of India (ICAI) has approved a significant set of regulatory changes aimed at strengthening domestic
Pune: Chartered accountants have played a vital role to ensure successful implementation of the Goods and Services Tax (GST) system
India’s audit regulator has issued a sweeping indictment of audit quality across some of the country’s most prominent listed companies,
Deloitte India on Tuesday launched an artificial intelligence (AI)-powered platform, Tax Pragya, which will help tax professionals with faster research
The government is on track to meet the fiscal deficit and capital expenditure (CAPEX) targets for the current financial year,
NEW DELHI: Income-tax refunds are facing unusual delays this assessment year, with tax professionals flagging longer processing times even for
Finance minister Nirmala Sitharaman on Tuesday said the recent goods and services tax (GST) rate rationalisation has “largely corrected” the
NEW DELHI: The Supreme Court on Thursday held that leasing out of residential premises to an entity which is using
Finance Minister Nirmala Sitharaman on Thursday said the proposed Health and National Security Cess will be levied only on demerit
