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The centre has made E-invoicing mandatory for businesses with aggregate turnover exceeding Rs 10 crore from October 1, a move which will further plug in revenue leakage and will ensure better tax compliance from businesses. Presently,…

The Income Tax Appellate Tribunal (ITAT) recently allowed a plea filed by British company Ernst & Young Global Services, challenging the income tax department's demand that it pay ₹6.6 crore as tax. An assistant commissioner of…

The National Financial Reporting Authority (NFRA) said an EY partner firm SRBC & Co's audit of the beleaguered Infrastructure Leasing & Financial Services Limited (IL&FS) was seriously compromised and the scam at the…