In a shocking turn of events, Khemraj Dave, a humble tea-seller from Patan, has found himself entangled in a massive financial fraud, leading to an astonishing penalty notice from the Income Tax (IT) department.
In a dynamic call to action, Finance Minister Nirmala Sitharaman on Tuesday urged the Bihar chapter of the Institute of Chartered Accountants of India (ICAI) to spearhead the creation of a formidable Indian auditing firm.
RBI approved the transfer of Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24.
Directorate of Enforcement (ED), Mumbai Zonal Office has arrested one Rajesh Brijlal Batreja on 16.05.2024 under the provisions of Prevention of Money Laundering Act (PMLA), 2002 in case of Income Tax Refund fraud of Rs. 263 Crore.
In a significant crackdown on tax evasion, the Income Tax Department conducted a series of raids in Agra on Saturday, May 18. Nearly ₹60 crore in cash was recovered from premises linked to a prominent shoe trader,
As the online gaming industry eagerly awaits a review of the 28% Goods and Services Tax (GST) imposed on the sector, the GST Council appears unlikely to roll back the levy.
ICAI through its Research Committee has organised the Academia Meet on 17th May 2024 with Universities / Institutions to facilitate a platform for interaction and knowledge exchange between esteemed academicians to foster research advancements.
A 48-year-old IRS officer with the Income Tax Department fell victim to an online reward points fraud, losing Rs 48,902.
Mutual fund investors can breathe easy for now. The capital market regulator, SEBI, has withdrawn the requirement to link PAN with Aadhaar for obtaining 'KYC registered' status for mutual fund transactions.
An investigation has been initiated after Madhukant Patel, an 88-year-old retired Chartered Accountant from Ahmedabad, reportedly lost Rs 1.97 crore in an alleged stock trading cyber fraud, according to the police.
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