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…

Read More

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,…

Read More