« Top Headlines » Open DEMAT Account in 24 hrs  Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money «  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.