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EFILETAX is your one-stop solution for all your income tax, GST, ROC, and MCA filing needs. We offer expert tax consultation and preparation services to businesses and individuals in Chennai, Bangalore, Hyderabad, Mumbai, Delhi India Our team of experienced professionals stays up-to-date with the latest tax laws and regulations to ensure that you get the best advice and assistance. Our comprehensive range of services includes income tax filing, GST registration and filing services, ROC and MCA filing services, business registration, and accounting services. Whether you are an individual or a business owner, our team of experts is here to help you navigate through the complex world of tax laws and regulations. Contact us today to learn more
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🚨 NFRA vs IndusInd Bank Auditors — Key Updates: 1️⃣ NFRA sent notices to current & ex-auditors (MSKA & Associates, BDO, PwC, EY, MP Chitale). 2️⃣ Focus: Audit lapses linked to derivative irregularities & misstatements. 3️⃣ Files for audits since 2017 demanded — covering 5+ years of alleged fraud. 4️⃣ Auditors asked to prove checks on working papers & validate bank claims. 5️⃣ Industry wants NFRA to question IndusInd’s audit committee too. 6️⃣ Issue: Senior insiders may have helped hide losses, cooking books. 7️⃣ Outcome: Possible tightening of audit norms for banks. #Audit #NFRA #IndusInd

📢 Bajaj Finance: 50 shares ➝ 500 shares! How? ✅ 1:2 Stock Split ✅ 4:1 Bonus Issue Means: 1️⃣ Split: 1 share becomes 2 → 50 ➝ 100 2️⃣ Bonus: 4 extra for every 1 → 100 ➝ 500 👉 Value adjusts, ownership grows.

📌 RBI’s Next Move: Absorb Excess Liquidity 1️⃣ RBI may restart Variable Rate Reverse Repo (VRRR) ops soon. 2️⃣ Daily & 14-day VRR auctions were stopped after policy turned neutral. 3️⃣ Surplus liquidity still high → short-term rates dipped below SDF (5.25%). 4️⃣ VRRR helps drain excess cash & keeps money market rates stable. 5️⃣ Goal: Align call money rate with policy repo & maintain corridor integrity. 6️⃣ Economists see this as a temporary step to reinforce policy stance. 7️⃣ Signal: RBI cautious on rate transmission & inflation control. #RBI #Liquidity #VRRR

🚫NOT TAXABLE! Air India’s ₹25L interim + ₹1Cr compensation to kin of deceased = ex-gratia, not income. 👉 CBDT Circular 573 ✅ 👉 Compensation ≠ taxable u/s 17 👉 Supported by case laws & HC views. #IncomeTax #Compensation #AirIndia