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Ajay Bhushan Pandey

NFRA to set up sandbox for supporting innovation in auditing techniques

NFRA chairperson Ajay Bhushan Pandey said that there is a need to enhance the trust in financial and non-financial reporting systems in India

NFRA to set up sandbox for supporting innovation in auditing techniques
Updated On : 13 Mar 2024 | 11:11 PM IST

NFRA to engage with companies for better insights: Ajay Bhushan Pandey

To refer the matter to regulator if lapses found

NFRA to engage with companies for better insights: Ajay Bhushan Pandey
Updated On : 04 Mar 2024 | 12:27 AM IST

Auditors must do basic groundwork, not rely too much on AI: NFRA Chairman

If one reads the Companies Act, Code of Ethics, and Standards of Audit and Quality Control in a harmonious manner, then one would not have any confusion about definition of non-audit services, he said

Auditors must do basic groundwork, not rely too much on AI: NFRA Chairman
Updated On : 24 Jan 2024 | 11:18 PM IST
Updated On : 29 Apr 2021 | 1:34 AM IST

Arbitration award: Cairn CEO to meet finance secretary on Thursday

Inter-ministerial meeting with officials of key govt departments today to discuss India's strategy

Arbitration award: Cairn CEO to meet finance secretary on Thursday
Updated On : 18 Feb 2021 | 4:30 AM IST

Meet Team Sitharaman: Officials who are helping FM prepare Budget 2021

In today's episode, we are taking a look at the key officials involved in finalising the outline of the Budget. Listen to the podcast for more

Meet Team Sitharaman: Officials who are helping FM prepare Budget 2021
Updated On : 27 Jan 2021 | 2:41 PM IST

Budget 2021 will address woes of affected sectors, says Finance Secretary

AJAY BHUSHAN PANDEY says litigants in more than 96,000 appeals - involving disputed amounts of Rs 83,000 crore - have opted for the Vivad Se Vishwas scheme, which has been extended by a month

Budget 2021 will address woes of affected sectors, says Finance Secretary
Updated On : 12 Jan 2021 | 12:53 PM IST

Over 180 arrested for tax evasion in past 2 months: Union Finance Secretary

In the last 1.5 to 2 months over 180 people including managing directors of companies and chartered accountants have been arrested for tax evasion, said Union Finance Secretary Ajay Bhushan Pandey

Over 180 arrested for tax evasion in past 2 months: Union Finance Secretary
Updated On : 04 Jan 2021 | 9:50 AM IST

Finance Secy, CBIC head discuss measures to check GST evasion, revenue leak

The meeting discussed the need for coordinated action to check revenue leakage

Finance Secy, CBIC head discuss measures to check GST evasion, revenue leak
Updated On : 24 Nov 2020 | 8:32 PM IST

No additional compliance burden on private firms for LTC scheme: Fin Sec

Private sector companies offering the benefit of the new LTC cash voucher scheme to its employees will not have to undertake any additional compliance burden, Finance Secy Ajay Bhushan Pandey said

No additional compliance burden on private firms for LTC scheme: Fin Sec
Updated On : 03 Nov 2020 | 5:57 PM IST

GST borrowing to meet states shortfall must be reasonable: Finance Secy

So far, 21 states and 3 Union Territories have opted for the borrowing plan proposed by the Centre

GST borrowing to meet states shortfall must be reasonable: Finance Secy
Updated On : 03 Nov 2020 | 2:41 PM IST

Wait for holistic response for stressed sectors: Finance secretary

AJAY BHUSHAN PANDEY talks about the Budget, revenue collection, and the goods and services tax (GST) compensation mechanism

Wait for holistic response for stressed sectors: Finance secretary
Updated On : 02 Nov 2020 | 6:10 AM IST

Tax mop-up showing signs of pick up, economy on revival path: Finance Secy

Pandey said the generation of e-way bills, needed for transportation of goods, is back to pre-Covid levels and online payments have risen exponentially

Tax mop-up showing signs of pick up, economy on revival path: Finance Secy
Updated On : 01 Nov 2020 | 3:58 PM IST

IT refunds of Rs 1.27 trillion issued so far this fiscal, says Finance Secy

He said the quick refund payment system is fully automated and transparent and the revenue department is monitoring the refund system every week

IT refunds of Rs 1.27 trillion issued so far this fiscal, says Finance Secy
Updated On : 31 Oct 2020 | 1:14 AM IST

Rs 1.27 trn I-T refunds made to individuals, businesses: Finance secretary

The income tax department now has a fully automated system of refunds payment directly going into the bank accounts of the taxpayers without manual intervention

Rs 1.27 trn I-T refunds made to individuals, businesses: Finance secretary
Updated On : 30 Oct 2020 | 9:17 PM IST

GST council exempts satellite launches by Isro, Antrix from 18% GST

But it is not clear whether the relief will be extended to private launch companies

GST council exempts satellite launches by Isro, Antrix from 18% GST
Updated On : 05 Oct 2020 | 11:31 PM IST

Faceless approach in taxation to bring down compliance cost: Finance secy

The finance secretary said that the tax system was going to be entirely data-driven and seamless tax reforms would change the way taxes are paid in the country

Faceless approach in taxation to bring down compliance cost: Finance secy
Updated On : 04 Sep 2020 | 10:57 PM IST

IT dept closely monitoring implementation of faceless assessment scheme

Since August 13, all Income Tax returns picked up for scrutiny, except those relating to search and seizure and international tax, are being assessed under faceless assessment

IT dept closely monitoring implementation of faceless assessment scheme
Updated On : 04 Sep 2020 | 10:01 PM IST

Google tax 'very clear', no need for FAQs: Finance secretary A B Pandey

Finance Secretary Ajay Bhushan Pandey said FAQs are issued where you have to explain to somebody who is not familiar with tax laws and there you try to explain in simple words.

Google tax 'very clear', no need for FAQs: Finance secretary A B Pandey
Updated On : 23 Jul 2020 | 9:47 PM IST

Covid won't deter us from path of speedy GST reforms: Ajay Bhushan Pandey

While not affirming new timelines for the simplified returns forms, Pandey says invoice matching is already happening at the back-end and quarterly payments are allowed for small taxpayers.

Covid won't deter us from path of speedy GST reforms: Ajay Bhushan Pandey
Updated On : 03 Jul 2020 | 11:35 PM IST