Public sector bank employees dismissed for misconduct can still receive their pension. This is due to Bipartite Settlement rules that allow...

Tax filing mistakes can slow refunds and create problems for taxpayers. Experts warn people to check details like ID numbers, math, and ban...

The IRS has warned taxpayers about a strict 60-day rule for filing taxes. People who file very late may face a minimum $525 penalty plus in...

As per the report, the panel has maintained the contentious Clause 35 of the proposed act which empowers central government and its law enf...

In written reply, Finance Minister Arun Jaitley said that minor and major penalties have been imposed against erring officials. These inclu...

Past conduct of a delinquent employee can be taken into consideration while imposing a penalty on him, SC said.

RBI has told banks that they can charge late fees only in the next billing cycle following a missed payment.

Under the US Foreign Account Tax Compliance Act it is expected that Indian banks will soon begin disclosing the names of American clients.

The move comes after the Ministry of Personnel accepted some of the recommendations of Committee of Experts on Disciplinary and Vigilance I...

The form is triggered if you are a US taxpayer with shareholding or interest in a foreign corporation exceeding certain prescribed limits.

SC’s 1997 Vishakha Ruling made it a must for all establishments to create panels to deal with any allegations of sexual harassment at the w...

The CVC has recommended penal action against three professors of IIT, including director of IIT-Patna for their alleged involvement in 'coa...

All banks are subject to a quota for lending to particular sectors, considered a high priority for helping the underprivileged and the cred...

Two developments have again shifted the spotlight on this issue. We try and understand the impact on Indian Americans.

The offshore voluntary disclosure program (OVDP) offers a lower rate of penalty for defaulters who come forward and make voluntary disclosu...

The punishment for insider trading violation should be strong enough to act as a deterrent, says outgoing head of Securities Tribunal NK So...

Lenders worry the new rules are too tough, could limit mortgage options.