« Top Headlines » Open DEMAT Account in 24 hrs  ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR  ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief  ITAT Delhi Quashes Tax Notice on AMU PG Student’s ?18.34 Lakh Stipend, Declares It Tax-Free Under Section 10(16)  Advance tax deadline September 15: What happens if you missed the previous instalment payment?  How much gold jewellery can you keep at home? Nagpur ITAT explains rules on ownership, gifts, taxability  ?5.31 lakh TDS refund allowed by ITAT Delhi: Why absence of an original ITR did not block the taxpayer  Missed the ITR Filing Deadline? How to Claim Your Income Tax Refund and Correct Mistakes Before December 31, 2026  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  Income-Tax Department Moves to Bring Greater Certainty to International Tax Cases «  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.