The Income Tax Department’s net direct tax collections for the fiscal year ending in March 2024 exceeded estimates, reaching Rs 19.58 lakh crore, a 17.7% increase year-on-year.
Global financial companies are falling behind on monitoring and archiving business-related communications using personal messaging apps, potentially risking regulatory breaches and fines. The Annual Compliance Health Check by SteelEye found that 63% of compliance executives were not monitoring staff usage of WhatsApp for compliance purposes. US regulators have cracked down on business-related text messages over personal messaging platforms, leading to fines exceeding billion for compliance failures.