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Clear your Doubts: RBI issues FAQs w.r.t Restrictions imposed on Paytm Payment Banks Ltd.

On 31st January 2024, the Reserve Bank of India ( RBI ) issued a press release stating that “Action against Paytm Payments Bank Ltd under Section 35A of the Banking Regulation Act, 1949”. The RBI has...

RBI issues FAQs w.r.t Restrictions imposed on Paytm Payment Banks Ltd - TAXSCAN
Navasree A.M

RBI and Nepal Rastra Bank Sign Terms of Reference for UPI-NPI Integration

In an aim to enhance cross-border financial transactions, the Reserve Bank of India ( RBI ) and Nepal Rastra Bank ( NRB ) have exchanged Terms of Reference today for the integration of fast payment...

UPI - NPI Integration - RBI - Reserve Bank of India - Nepal Rastra Bank - taxscan
Navasree A.M

Income Tax TRACES Portal new functionality: Dept enables lower/nil TDS Application Facility against Excessive TDS Deductions

In a recent TRACES Portal update, individuals encountering high TDS deductions beyond their tax liability under the Income Tax Act now have the opportunity to seek relief. By applying for a...

Income Tax TRACES Portal new functionality: Dept enables lower/nil TDS Application Facility against Excessive TDS Deductions
Manu Sharma

Customs Officers Seize 26 Pieces of Gold from Train Passenger at Guwahati Railway Station

The Customs officers of the Anti-smuggling unit at Guwahati Customs intercepted an individual travelling by train at Guwahati Railway Station, Assam. Acting on specific intelligence, the officers...

Gold Smuggling - Customs officers - Gold seized at Guwahati - Guwahati Customs seize gold - taxscan
Navasree A.M

Supreme Court issues Procedure/Modalities relating to Circulation of Adjournment Letters

The Supreme Court of India has released a circular outlining procedures and modalities regarding the circulation of adjournment letters in cases on 14th February 2024. The circular encompasses...

Supreme Court - Adjournment Letter - Adjournment letter circulation - Supreme Court cases - Procedure for adjournment letter - taxscan
Navasree A.M

ICAI proposes to Empanel Members as Observers for upcoming May/June 2024 Chartered Accountants Exams

The Institute of Chartered Accountants of India ( ICAI ) has announced the empanelment of members to act as observers at the upcoming Chartered Accountants Examinations scheduled for May/June 2024....

ICAI - Chartered Accountants Exams - CA Exam empanelment - CA Exam observer - taxscan
Manu Sharma

NFRA to Scrutinize Non-Audit Services of Big Four and Other Major Audit Players

The National Financial Reporting Authority ( NFRA ) is gearing up to scrutinize auditors, including the prominent Big Four, with a focus on their provision of "non-audit services" to clients they...

NFRA - Non audit services - Big Four auditors - ICAI - Major Audit Players - Auditor scrutiny - taxscan
Manu Sharma

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