CAs could be punished for helping clients in money laundering

CAs could be punished for helping clients in money laundering

The government has moved to punish chartered accountants if they help clients hide ill-gotten wealth through opaque bank transactions, or money laundering, two top officials said on Tuesday. The proposal to tweak the Prevention of Money Laundering Act (PMLA) came...
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CAs could be punished for helping clients in money laundering

CAs could be punished for helping clients in money laundering

The government has moved to punish chartered accountants if they help clients hide ill-gotten wealth through opaque bank transactions, or money laundering, two top officials said on Tuesday. The proposal to tweak the Prevention of Money Laundering Act (PMLA) c...
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Is Your Angel Investor Playing Power Ball or Money Ball?

Is Your Angel Investor Playing Power Ball or Money Ball?

Sophisticated investors in high potential start-up companies generally take one of two approaches to angel investing, which I call “power ball” and “money ball”. Either of these approaches can yield high financial returns, but their success requires an...
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Paytm Offers Bank Account Money Transfer Service at 1 Percent Fee

Paytm Offers Bank Account Money Transfer Service at 1 Percent Fee

  From the cash shortage situation that has occurred due to the demonetisation of Rs. 500 and Rs. 1,000 notes, Paytm has been attracting a lot of customers to its platform. The digital wallet industry thinks that this move from...
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MobiKwik Offers Free Bank Account Money Transfer Service

MobiKwik Offers Free Bank Account Money Transfer Service

Soon after Paytm’s move, MobiKwik has now announced that its users can transfer money from their mobile wallets to any bank account at a zero percent fee. Earlier, the digital wallet company used to charge 4 percent for a non-KYC...
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Government Extends Date For Payment Under Black Money Scheme

Government Extends Date For Payment Under Black Money Scheme

First installment of 25% under the Income Declaration Scheme 2016 will have to be paid by November 2016 New Delhi: The government on Thursday extended the deadline for payment of tax and penalty under the black money disclosure scheme and...
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