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INCORRECT ACCOUNTING INTERNAL DERIVATIVES
Delhi HC asks CAT to re-examine plea challenging Forest Service exam answer keyThe Delhi High Court has directed the Central Administrative Tribunal (CAT) to re-examine a Forest Service exam candidate's challenge to th...- Before you fly, check your bag: These 4 everyday items could put your flight journey at risk if packed incorrectlyThe UK Civil Aviation Authority has warned passengers to pack lithium-powered devices such as power banks, vapes and spare batteries in the...
- Govt rebuts 'first recognition' reports on Operation Sindoor martyrsThe government has refuted claims that six soldiers killed in Operation Sindoor were only recently officially recognised. The Press Informa...
- Treat internal financial controls as business necessity, not as compliance burden: ICAI officialStrong internal financial controls are crucial for businesses, not just for compliance, according to the ICAI President. He emphasized that...
- NSE IPO to value exchange at Rs 5 lakh crore? 2 scenarios every investor should watchNSE's proposed IPO could value the exchange at around Rs 5 lakh crore, making it one of India's most valuable listed financial institutions...
- PNB to focus on Retail, Agriculture, MSME advances, CASA deposits to boost profitability: MD Ashok ChandraPunjab National Bank is set to prioritize retail, agriculture, and MSME lending, alongside boosting low-cost deposits to fuel growth. MD an...
- UAE says false public warning caused by technical malfunctionResidents in the UAE received erroneous missile threat alerts due to a technical glitch in the early warning system. The National Emergency...
- 'Who has tendered more apologies?' : Union Minister Kiren Rijiju takes dig at Rahul Gandhi over 'regret' filed in MP High Court; compares him to Arvind Kejriwal"Who has tendered more apologies after levelling false allegations--Rahul Gandhi ji or Arvind Kejriwal ji?" Rijiju posted.
- Amid Ram Mandir donation row, Tirupati Balaji Temple turns to ICAI to overhaul accounting systemFollowing allegations of a donation scam at Ayodhya's Ram Mandir, Tirumala Tirupati Devasthanams (TTD) is overhauling its financial systems...
- Stock Market Holiday 2026: Is BSE, NSE open or closed today for Muharram?Indian stock markets, including BSE and NSE, are closed today, June 26, for Muharram. The MCX has a partial closure, while NCDEX is shut al...
- Reserve Bank of India issues final rules on credit derivativesThe rules will allow resident Indian non-retail users to deploy instruments such as credit default swaps and total return swaps without an...
- DGCA says probing Air India, IndiGo planes incident at Ahmedabad airportAn investigation is underway by aviation authorities following a mishap at Ahmedabad airport involving an Air India aircraft that mistakenl...
- Air India plane comes in front of IndiGo aircraft on same taxiway at Ahmedabad airportAn Air India plane mistakenly turned onto the same taxiway as an IndiGo aircraft at Ahmedabad airport on Wednesday evening. The IndiGo flig...
- Income tax dept identifies up to 20,000 cases of individuals who used the ‘swapped provisions’ trick to reduce net tax liability; Know what to do now to fix thisThe Income Tax Department has flagged 15,000-20,000 cases of individuals using a 'swapped provisions' trick to unfairly reduce their tax li...
- 300 years ago, one humble Indian potter rebuilt the human nose: How India gave the world rhinoplastyCenturies before the West, ancient India pioneered rhinoplasty. As early as the 6th century BC, physician Sushruta documented sophisticated...
- Stock Market Holiday: NSE, BSE to remain shut on Friday for Muharram. Check upcoming market holidaysIndian stock markets, including BSE and NSE, will observe a holiday on Friday, June 26, 2026, for Muharram. While MCX will have a partial c...
- Rs 17.25 lakh income of an employee was added as taxable salary despite working in UK; ITAT Delhi gives him relief under India-UK DTAAThe Income Tax Appellate Tribunal (ITAT) Delhi has ruled that even if a non-resident salaried individual has received any ‘per-diem’ paymen...
- Husband trades through wife’s demat account, incurs Rs 1.95 crore loss; tax dept sends notice over clubbing of income, ITAT Lucknow grants him reliefA husband's attempt to offset substantial stock market losses against his income was initially rejected by tax authorities. Despite trading...
- 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 ...
- When a small footnote is used as a tool to make a weak balance sheet look strongThis is the uncomfortable truth about company accounts. A number on a balance sheet is not always cash that will return, and a liability tu...
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