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Top audit firms in India, including KPMG affiliate BSR & Affiliates and BDO affiliate MSKA & Associates, have stopped offering non-audit services to audit clients. This move aligns with the NFRA's strict stance on conflict-of-interest issues. EY affiliate SR Batliboi & Co is the only top firm still providing such services. This change comes amid global pressure for auditors to maintain independence and avoid conflicts of interest.
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The income tax department is reaching out to assesses whose advance tax payments don't match their financial transactions, urging them to correctly calculate and pay their advance tax by March 15. This initiative aims to ensure tax compliance and enhance taxpayer services. The department uses data from the Annual Information Statement to identify discrepancies and inform taxpayers.
Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Behind the doors of a Chinese hacking company, a sordid culture fueled by influence, alcohol and sex : China’s hacking industry rose from the country’s early hacker culture, first appearing in the 1990s as citizens bought computers and went online. I-Soon’s founder and CEO, Wu Haibo, was among them.
Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Behind the doors of a Chinese hacking company, a sordid culture fueled by influence, alcohol and sex : China’s hacking industry rose from the country’s early hacker culture, first appearing in the 1990s as citizens bought computers and went online. I-Soon’s founder and CEO, Wu Haibo, was among them.
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The Adani Group plans to invest ₹60,000 crore over the next decade in its airport business, excluding the ₹18,000 crore already invested in the first phase of the Navi Mumbai airport. The investment will focus on infrastructure like runways, terminals, and city-side amenities, funded through internal accruals. The group aims to transform its airports into major international hubs, anticipating a significant increase in international travel.
India's tax administration is brainstorming ways to address the 'retrospective' character of the Black Money law. The government wants to resolve the retrospective element of the law without letting it lose its edge. Petitions before the court have questioned whether a law -- that could put the offender behind bars for 7 years -- can be used to punish someone for an offence that was committed when the specific law did not exist.
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India's car industry has revised its growth projections to over 8%, driven by strong passenger vehicle sales and domestic consumption. The industry remains optimistic about growth, supported by low-interest rates, controlled inflation, and a fast-growing economy. Moody's raised its GDP growth forecast for India to 8% from 6.6%.
Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
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Revised government GDP data showed Japan's economy avoided a technical recession. The upward revision highlighted concerns about sluggish economic recovery and domestic demand.
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