Employers will now need to furnish detailed break-up of exemptions that an employee has claimed.
In the interview to Business Standard last week, Chary had stated that the government's proposal to merge was unwarranted and that FTIL shareholders did not benefit from higher dividends from NSEL.
The CAG audit and other data suggests it could be far from the efficient new alternative that was once conceptualised. A conclusive review remains elusive till the government begins to release more granular and comparable data on the complex backend of GST to a deeper scrutiny, by researchers, auditors and the public.
Infosys, India's second largest information technology (IT) services company, is likely to book an impact of less than $1 million (Rs 6 crore) due to the financial irregularities in the accounts of its business process outsourcing (BPO) arm, which led to the dismissal of the unit's chief financial officer, Abraham Mathews earlier this week.
The jury trial of Susan Xiao Ping Su, the president and owner of the now shutdown Tri-Valley University in California, began on March 3.
PwC one of the big four audit firms, has expressed disappointment at the conviction of two former partners in the Satyam scam.
Roopam Asthana, CEO and whole-time director, Liberty General Insurance Ltd, answers your queries on HEALTH and AUTO insurance.
AGR dues calculated by the government for 16 entities add up to Rs 1.69 lakh crore, while telcos' self-assessment place their dues at a mere Rs 37,176 crore.
The Income Tax department on Tuesday issued an advisory asking taxpayers not to share their personal financial details over email or phone.
'Perhaps GST was too complex a system for the Indian economy at its present stage of development,' argues T N Ninan.
The Centre's revenue from GST registered a decline of 10 per cent in 2017-18 compared to revenue of subsumed taxes in 2016-17.
India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.
If the credit card is not used judiciously, it can cause havoc with one's personal finances, warns Sarbajeet K Sen.
Be extra careful while using credit cards because there is a risk of misuse
Sebi has decided to lay out strict timelines for completion of actions.
The assets mentioned in the Sebi order are already in possession of the ED for violation of an anti-money laundering law by Mallya and PMLA overrides all other laws, providing ED first right over the assets.
The vigilance department of the Insurance Regulatory and Development Authority is looking into such complaints in Rajiv Gandhi Shilpi Swasthya Bima Yojana, Weather Insurance Scheme, Shetkari Apghati Durghatana Bima Yojana and Panjikrut Kishan Durghatana Bima Yojana, according to a letter written by IRDA to Finance Ministry on its ongoing probe.
'Through the use of technology, the GSTN will tip the balance in favour of compliance rather than tax evasion, lowering the barriers for entry into the tax payment system while making it much harder to cheat on payments,' says Nandan Nilekani.
The bids have been invited by Sebi till October 27, while auction for the sale would take place on October 30
The agency, which looks into white collar crimes and violations of companies law, investigated more than 60 companies in this regard.
With cyber criminals becoming savvier by the day, learning how to safeguard yourself is imperative.
Indian business, on quite a different trajectory from its global counterpart, remains relatively insulated from any kind of backlash.
Buying on the internet is the future but be wary of the fine print and make sure you get a genuine product.
Even Delhi does not have a full-time registrar of chits.
Completing its over a-year-long probe into Saradha scam, the Serious Fraud Investigation Office (SFIO) has submitted its final investigation report to the government, which may soon start prosecution proceedings for numerous serious violations found during investigations.
For FY16, MTNL's standalone net loss was over Rs 2,000 crore.
As a multi-agency probe continues in Saradha scam, findings of one official investigation suggests that the group floated at least 279 companies to channelise money collected from gullible investors as part of a vast 'ponzi' network.
While RBI is yet to come out with a clear regulatory framework for bitcoins, which have been gaining currency across the world over the past few months, it has issued an advisory cautioning general public against use of bitcoins and other virtual currencies.
Customs and excise duty rates have been amended mainly to promote Make in India.
The group needs to rustle up Rs 5,000 crore in cash and an equal amount in bank guarantees for bail.
Subrata Roy is in jail since March last year.
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