New Delhi: National Financial Reporting Authority (NFRA) is weighing its options after the Delhi High Court last week quashed notices issued to auditors of some of the IL&FS group entities including Deloitte Haskins & Sells LLP, and SRBC & Co. LLP on “technical grounds,” according to two persons aware of the development. The high court…
This statistic highlights a significant financial challenge facing the banking sector. In the face of loan write-offs and non-performing assets (NPAs), effective collateral management stands out as the only remedy. In this context, the importance of a thorough legal audit of guarantees becomes crucial for banks, helping them protect against costly legal and financial setbacks…
The employee can save some tax by opting for the old regime if he can make tax-saving investments and has expenses of at least â‚ą4.84 lakh. Now, only â‚ą1.5 lakh worth of investments are allowed as tax deductions, while â‚ą3.35 lakh or more has to come from expenses like home loans, house rent allowance and…
