Sowing tainted money in Indian Agriculture Sector

Today is March, the 31st; last day of the accounting/taxation year. Accountants and auditors are having a busy day finalizing accounts, similarly would be...

Dhanlaxmi Bank fined for AML non compliance

The Reserve Bank of India has imposed a monetary penalty of Rs 10 million on Dhanlaxmi Bank Ltd for violation of its instructions, among...

FATCA in India

Objective of FATCA ? The US government has recently enacted Foreign Account Tax Compliance Act (FATCA), which is primarily intended to detect and thus discourage...

Tax Havens

European Union finance ministers failed to agree on a sweeping new policy to fight tax evasion because of resistance from Luxembourg, a tiny country...

Leave Travel Concession scam by teachers

A `2-crore Leave Travel Concession scam involving 2,582 teachers has come to light in the Adilabad district of Andhra Pradesh. This comes close on...