NFRA slaps notices on IndusInd Bank auditors

While other details, if any, in the NFRA communique are not known, the sources confirmed said the government agency would scan the dossier of working papers and evidence that support the audit exercise and corroborate the bank’s claims on its…

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CBDT probes evasion via crypto investments

The CBDT has initiated investigations into “high-risk persons” suspected of tax evasion and money laundering through cryptocurrency investments. These individuals allegedly violated Income-tax Act provisions by not reporting VDA transactions or paying taxes. The income tax department has sent emails…

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CAG sets up dedicated unit to speed up state PSU audits

The Comptroller and Auditor General of India (CAG) is establishing a dedicated unit to audit approximately 1,600 state public sector undertakings (PSUs), aiming to expedite the audit process and enhance efficiency. This initiative mirrors the existing structure for central PSUs,…

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