RBI clamps down on JM Financial Products Limited’s financing against Shares and Debentures
The Reserve Bank of India ( RBI ) has taken regulatory action against JM Financial Products Limited ( JMFPL ) by directing the company to immediately halt all forms of financing against shares and debentures.
RBI Takes Regulatory Action Against IIFL Finance Ltd., Prohibits Gold Loan Sanctions and Sales
Following its recent regulatory measures against Paytm Payments Bank Limited ( PPBL ), the Reserve Bank of India ( RBI ) has taken further action, this time targeting India Infoline Finance Limited (IIFL Finance). The
Internal Auditor vacancy in Supergas
The Supergas has invited applications from eligible candidates for the post of Internal Auditor. The SHV operates in India under the brand name SUPER GAS. First and only private LPG player with pan India presence.
Failure to produce supporting documents: ITAT upholds disallowance of expenditure towards helper allowance claimed as deduction u/s 10(14)(i) of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench upheld the disallowance made by the Income Tax Department, stating that the assessee failed to produce supporting documents for the helper allowance claimed as a deduction under
B. Com, CA, MBA Vacancy in Citi
The Citi invited applications for the post of Tax Specialist Qualifications The ideal candidate will have a BCOM/CA/MBA/ Other Finance Masters and 1- 2 years relevant work experience in Tax operations or related discipline Experience
GTB Scam Case: Delhi HC dismisses PwC Auditors Petition seeking Quashing of ICAI Disciplinary Proceedings [Read Judgment]
The Delhi High Court has dismissed the writ petitions filed by the auditors of PwC by upholding the disciplinary proceedings initiated against them by the Institute of Chartered Accountants in India (ICAI) in the Global
Supreme Court and High Court Weekly Round-Up
This weekly round-up analytically summarises the key tax judgments of the Supreme Court and all High Courts reported at Taxscan.in during the previous week from July 08 to July 14, 2023. GST Dept and Anti-Fraud Dept of Police
Delhi HC rejects Vodafone ’s Plea to Process Refund Claim of Rs. 4759.74 Crores [Read Judgment]
A two-judge bench of the Delhi High Court has dismissed a petition filed by M/s Vodafone Mobile Services Ltd seeking expeditious processing of their refund claims worth 4759.74 Crores. Before the High Court, the Company
CERA Audit can’t be extended to call for audit of a private entity: Bombay High Court quashes notice against Kiran Gems [Read Judgment]
The Bombay High court quashed the notice issued by Superintendent, CGST, intimating that petitioner’s case has been selected for scrutiny or audit for the period January 2019 to March 2019 and to submit information or
Chartered Accountant opening in Tata AIA Life
The Tata AIA Life Insurance Company Limited (Tata AIA Life) has invited applications from eligible candidates for the post of IT Auditor. The Tata AIA Life Insurance Company Limited (Tata AIA Life) is a font
Forensic Accounting: A New Beginning for Chartered Accountants
Forensic accounting is a specialized field of accountancy which investigates scams and frauds and analyze financial information to be used in legal proceedings in the court. It uses auditing, accounting and investigative skills to conduct
Levy of GST on Equipments & Aids of Disabled and Blind Persons,Inhumane and against Social Justice
Reason to introduce GST Act  :  Aims & Objects Presently, the State Government levies Valued Added Tax, Entry Tax, Entertainment Tax, Betting Tax, Luxury Tax, Purchase Tax etc. Similarly, the Central Government levies Central Excise
Yoga a form of ‘Medical Relief’: ITAT Delhi allows Tax Exemption to Patanjali Yogpeeth [Read Order]
In a big relied to Baba Ramdev’s Patanjali Yogpeeth, the Delhi bench of Income Tax Appellate Tribunal (ITAT) has allowed exemption status under section 11 and 12 of the Income Tax Act. While the answering
Empowering Officers from CAG to conduct Audit of Service Tax Assessee is ulra vires to Finance Act; Delhi HC strikes down Rule 5A(2) of the Service Tax Rules [Read Judgment]
In a significant ruling, the division of bench of Delhi High Court declared that Rule 5A(2) as amended in terms of Notification No. 23/2014- Service Tax dated 5 th December 2014 of the Central Government,
ICAI issues Social Audit Standards
The Institute of Chartered Accountants of India (ICAI) has issued the Social Audit Standards (SAS) for the members. These Social Audit Standards will be applicable from the date of their hosting on ICAI website. (SAS