Donald Trump may owe $100 million from double-dip tax breaks, audit shows

Donald Trump may owe $100 million from double-dip tax breaks, audit shows

Former President Donald Trump used a dubious accounting maneuver to claim improper tax breaks from his troubled Chicago tower, according to an IRS inquiry uncovered by The New York Times and ProPublica. Losing a yearslong audit battle over the claim could mean a tax bill of more than $100 million. The 92-story, glass-sheathed skyscraper along … Read more

Srinivasan K. Swamy elected Chairman of Audit Bureau of Circulations

Srinivasan K. Swamy elected Chairman of Audit Bureau of Circulations

Srinivasan K. Swamy, Executive Chairman of R.K. Swamy Hansa Group, has been unanimously elected Chairman of the Audit Bureau of Circulations (ABC) for the year 2023-2024.  Srinivasan K. Swamy, Executive Chairman of R.K. Swamy Hansa Group, has been unanimously elected Chairman of the Audit Bureau of Circulations (ABC) for the year 2023-2024. Mr. Swamy currently … Read more

Odisha to audit Caesarean section delivery cases in private hospitals

Odisha to audit Caesarean section delivery cases in private hospitals

Photo used for representation purpose only. | Photo Credit: Reuters The Odisha government has announced to audit Caesarean section (C-section) delivery cases in all private hospitals. The decision to audit childbirth was taken after the government observed a sharp increase in caesarean deliveries between National Family Health Survey (NFHS)-4 of 2015-16 and NFHS-5 of 2019-21. … Read more

CBDT rejects all representations for further extension of ITR due date

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The Central Board of Direct Taxes (CBDT) has said it will not grant further extensions for filing return for cases where audit reports need to be filed. The last date for filing the audit report is January 15 and for filing returns is February 15, for such cases. “All representations for further extension of the … Read more