« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs «  Debating cross-border tax issues... Tax-free hills become investment hotspot... » Govt orders audit of all grant-in-aid schemes October, 15th 2007 After releasing a Rs 50-lakh grant to an NGO even before signing a memorandum of understanding with it, the Consumer Affairs Ministry has now ordered an in-depth financial audit of all its grant-in-aid schemes in the wake of allegations of improper allocation of funds. "The ministry has asked the chief controller of accounts to conduct a special audit to look into all aspects," said a senior accounts wing official, confirming the review. The funds, running into crores, were disbursed from the Consumer Welfare Fund of the ministry over the last three years among 35 NGOs with the purpose of promoting consumer awareness. The ministry's decision to conduct an internal review coincides with the Central Vigilance Commission's decision to admit a complaint on the alleged multi-crore scam involving the Fund. "We have received a complaint and we shall examine it," said CVC secretary Sujit Banerjee. The complaint was filed by whistle blower Nitin Saxena, who himself is associated with a Delhi-based NGO, All India Consumer Education Society. Consumer Affairs Secretary Yashwant Bhave, denied any relation between the ministry's decision to order a special audit and the complaint filed in CVC. "I don't even know what the complaint (filed in CVC) says," he said, adding that the audit was part of a normal practice to confirm that due diligence was observed while using the funds.