Government clarifies no policy for writing off loans of willful defaulters. Banks handle write-offs as per RBI guidelines, retaining recovery efforts.
The Government amended FEMA regulations, enabling resolution of violations up to ₹5 crore by paying fines. Ongoing cases follow previous rules.
Learn about UPI transaction trends, fraud prevention measures, and India’s plans to integrate UPI with global payment systems for ease of transactions.
ICAI introduces CA GPT platform, featuring 5,000 annual reports of listed companies for easy access and analysis by Chartered Accountants.
ITAT Lucknow quashes penalty u/s 271B for failure to file audit report, stating incorrect grounds for penalty initiation.
