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BANK RECONCILIATION STATEMENT
Sold, or just shipped? How sales figures can be manipulated – and how you can spot itGoods left the warehouse. The invoice went out. So it must be a sale, right? Not always. Under the rules, a sale counts only when the custo...- ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
- Income tax alert: These taxpayers could receive scrutiny notices by June 30, 2026 under Section 143(2)The CBDT has set June 30, 2026, as the deadline for issuing scrutiny notices under Section 143(2) for FY 2025-26 returns. An internal deadl...
- GST@9: Building a more seamless, certainty-driven input tax credit frameworkA more balanced and predictable approach can help safeguard revenue, reduce disputes, enhance taxpayer confidence, and create a more effici...
- ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...
- ITR-2 online filing and excel utility for A.Y. 2026–27 are now enabled on the e-Filing ITR portalIndividuals and HUFs without business income but with complex income sources like salary, multiple house properties, or capital gains can f...
- US companies, shamed by Trump, tiptoe into $166 billion tariff refund raceAfter a landmark Supreme Court ruling, U.S. businesses are strategically striving to salvage billions in refunds from now-invalid tariffs. ...
- Filing your ITR early for AY 2026–27? Why you should wait till June 15With the utilities for ITR filing for AY 2026–27 being available now, many taxpayers are planning to file their returns early. However, inc...
- RBI mandates payment of inward remittances on same business dayThe Reserve Bank of India is speeding up money transfers from abroad. Banks must now credit foreign payments to accounts on the same busine...
- Kotak Mahindra Bank fraud case: Relationship Manager Dileep Raghav held for false FD reportsHaryana Police have arrested Dileep Kumar Raghav, a former Kotak Mahindra Bank official. He is accused of sending fake reports about fixed ...
- Real-time govt bank dashboard launched to tighten oversightThe initiatives aim to institutionalise uniform procedures and introduce objective performance benchmarks while reinforcing shared responsi...
- All government payments above Rs 75 crore must go via RBI's e-Kuber from July 16The central government is mandating that departments and ministries process payments above ₹75 crore through the RBI's e-Kuber system start...
- TCS partners with Council Of Europe Development Bank to modernise operationsTata Consultancy Services will modernize the Council of Europe Development Bank's operations by deploying TCS BaNCS for Reconciliations, st...
- Stripe acquires Bengaluru-based payments software firm ReckoThe buyout will help Stripe expand its offerings in India beyond collection of payments and billings for merchants.
- Recko raises $6 million in Series A fundingIndia is witnessing a continued surge in the number of digital transactions and many enterprises, banks and financial institutions are find...
- Infosys launches new solution for banksThe solution is capable of processing up to 50 million transactions per hour and reduces 15 to 50% of time taken to on-board reconciliation...
- Wipro to offer Chesapeake's financial software suiteWipro Ltd and Chesapeake System Solutions Inc today announced a global alliance under which the Indian major will offer the latter's suite.
- Wipro, London Stock Exchange partner for reconciliation solutionThe solution will be hosted in London Stock Exchange's secure and regulated data centres and delivered to customers leveraging Wipro's glob...
- P Chidambaram to launch CPC (TDS) tomorrowChidambaram will launch the Centralised Processing Cell for Tax Deducted at Source (CPC-TDS) tomorrow, a move likely to ease the compliance...
- How to ensure better control of funds in a bank accountA monthly reconciliation of bank account can give a fair idea of a person's financial situation.
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