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Posted Date : 30-Jul-2018 , 08:47:18 am | Posted By CASANSAAR
Only 18 of 74 state PSUs in Bihar have finalised their accounts in the last three years and 65 of them have arrears in accounts from 1977-78 onwards, according to the CAG report of the year ended on March 31, 2017. The CAG report tabled in the state legislature has cautioned that delay in finalisati...
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Posted Date : 30-Jul-2018 , 08:40:43 am | Posted By CASANSAAR
India Post Payments Bank is expected to go live with 650 branches and around 17 crore accounts in August, following clearance from Reserve Bank of India to start operations. "We are looking at launch date. From an operational, technology and market perspective, we are ready to go live,...
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Posted Date : 30-Jul-2018 , 08:28:20 am | Posted By CASANSAAR
An auditor should give a disclaimer saying that it cannot express an opinion if accounts of the company are incorrect, instead of leaving the audit work halfway, IT veteran T V Mohandas Pai said. In recent times, scores of auditors have left audit work of companies, mostly listed ones, citing var...
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Posted Date : 29-Jul-2018 , 06:37:42 pm | Posted By CASANSAAR
The Result of the Chartered Accountants IPC, Intermediate (New) declared recently. The details of the percentage of candidates passed in the abose said examination. www.casansaar.com...
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Posted Date : 28-Jul-2018 , 09:40:42 am | Posted By CASANSAAR
Kumar Mangalam Birla, the 51-year-old chairman of Aditya Birla Group, expects the Indian economy to grow between 7% and 8% over the next few years, because of a slew of reforms such as implementation of goods and services tax, demonetization and the Insolvency and Bankruptcy Code. “I think ...
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Posted Date : 27-Jul-2018 , 09:32:10 pm | Posted By CASANSAAR
Parliament today passed a bill aiming at allowing a court to try offences related to cheque bounce expeditiously and direct the drawee to pay a minimum of 20 per cent of the cheque amount as interim compensation. The Negotiable Instruments (Amendment) Bill, 2018, which was passed in the Lok Sabha...
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Result of CA Intermediate Examinations held in May, 2018 are likely to be declared on 29th July 2018Posted Date : 27-Jul-2018 , 09:25:31 pm | Posted By CASANSAAR
The result of the Chartered Accountants Intermediate Examination (Old Course & New Course) held in May 2018 are likely to be declared on Sunday, the 29th July 2018 around 6.00 P.M. and the same as well as the All India merit list (upto the 50th Rank) will be available on the following websites: ...
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Posted Date : 27-Jul-2018 , 09:06:37 am | Posted By CASANSAAR
The drafts of new forms for filing GST return will be put in public domain by early next week for stakeholder consultation, a revenue official said today. GST Commissioner Upender Gupta said in the new return filing system 'nil' filers, who don't have purchase or supplies in a q...
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Posted Date : 26-Jul-2018 , 01:52:08 pm | Posted By CASANSAAR
The finance ministry in a tweet has announced the extension of income tax return (ITR) filing deadline by a month to August 31. The tweet says "Upon consideration of the matter, the Central Board of Direct Taxes (CBDT) extends the ‘Due Date’ for filing of Income Tax Return...
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Posted Date : 26-Jul-2018 , 11:19:29 am | Posted By CASANSAAR
AS per news of Zeebiz, Last date for filing Income Tax Return date can be extended for two more weeks. Annoucement will come in 1-2 days and it can be extended to 10-15 days as per CBDT Sources. This is only information from ZeeBiz and wait for official announcement / notification of CBDT. Bel...
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Posted Date : 26-Jul-2018 , 09:43:32 am | Posted By CASANSAAR
In a major setback for cement manufacturers, the National Company Law Appellate Tribunal (NCLAT) on Wednesday upheld the hefty penalty of about Rs 6,300 crore imposed on 11 leading cement companies by the Competition Commission of India (CCI) through its order in 2012 and 2016 for price cartelisatio...
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Posted Date : 26-Jul-2018 , 09:13:27 am | Posted By CASANSAAR
No.13-CA (EXAM)/CPT/December/2018: In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to announce that the Common Proficiency Test will be held on Sunday, 16th December, 2018 in two sessions as below...
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Posted Date : 26-Jul-2018 , 03:39:21 am | Posted By CASANSAAR
No. 13-CA (EXAM)/N/2018: In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to announce that the next Chartered Accountants Foundation, Intermediate (IPC), Intermediate, Final (Existing & Revised...
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Posted Date : 26-Jul-2018 , 09:04:16 am | Posted By CASANSAAR
Clarification regarding date of declaration of results of CA Intermediate exam. It has been brought to our notice that a fake announcement regarding the date of declaration of result of the Intermediate examination held in May 2018 is doing the rounds in the social media. It is hereby clarifie...
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Posted Date : 26-Jul-2018 , 08:55:19 am | Posted By CASANSAAR
The Delhi High Court has allowed two individuals to file their income tax returns without having to furnish an Aadhaar number or link their Aadhaar with PAN; and has directed the Central Board of Direct Taxation (CBDT) to amend the income tax return form to enable an “opt out” button fro...
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Posted Date : 25-Jul-2018 , 08:50:16 am | Posted By CASANSAAR
Two dozen lenders including State Bank of India and Punjab National Bank on Monday signed an inter-creditor agreement (ICA) to speed up the resolution process of stressed assets in the range of Rs 500 million to Rs 5 billion under consortium lending. The ICA is to be signed by 22 public sector ba...
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Posted Date : 25-Jul-2018 , 08:39:03 am | Posted By CASANSAAR
Auditors of 204 listed companies resigned in the period between January 1 and July 17 this year, according to an Indian Express report. This translates to one resignation per day. The Ministry of Corporate Affairs has sent queries regarding this after complaints by investors and stakeholders. ...
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Posted Date : 25-Jul-2018 , 08:33:52 am | Posted By CASANSAAR
The Income Tax Department is set to crack down on TDS defaults by government and private sector entities, especially e-retail portals, local bodies like panchayats, as the CBDT has directed its assessing officers (AOs) across the country to undertake at least 30 surveys or on-spot checks. The dir...
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Posted Date : 25-Jul-2018 , 08:27:41 am | Posted By CASANSAAR
Cash-on-delivery (CoD) method of payment option provided by online retailers such as Flipkart and Amazon may be a regulatory grey area as per the Reserve Bank of India's (RBI's) response to a Right to Information (RTI) query, according to a report in The Economic Times. The RBI, in a resp...
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Posted Date : 25-Jul-2018 , 08:24:16 am | Posted By CASANSAAR
The government has asked the RBI to examine the possibility of merger among public sector banks to achieve synergy and scale operation, Minister of State for Finance Shiv Pratap Shukla said today. The minister in a written reply to the Rajya Sabha said that there is no timeline has been fix...
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Posted Date : 25-Jul-2018 , 02:49:47 am | Posted By CASANSAAR
The Financial Creditors have realized claims of approximately Rs. 47,426.75 crore in 26 cases where resolution plans are submitted under the IBC framework since its enactment. The Union Minister of State further stated that the Insolvency & Bankruptcy Code lays down a time bound and transpa...
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Posted Date : 24-Jul-2018 , 08:23:42 am | Posted By CASANSAAR
India will soon lay down the ground rules for professionals to assess the value of businesses, including those slipping into bankruptcy, according to Insolvency and Bankruptcy Board of India (IBBI) chairperson M.S. Sahoo. The new valuation rules will apply to corporate transactions like mergers a...
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Posted Date : 24-Jul-2018 , 08:14:10 am | Posted By CASANSAAR
Even before the GST came into effect on July 1, one of the stated objectives of the Central government was to eliminate multiple taxes and passes down the benefit to end consumers with a reduction in the prices of goods and services. In an attempt to further reduce the burden of tax on end consum...
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Posted Date : 24-Jul-2018 , 08:00:59 am | Posted By CASANSAAR
The Finance Ministry has refused to share copy of three reports on the quantum of black money held by Indians inside the country and abroad, saying its disclosure would cause a breach of privilege of Parliament. The then UPA government had in 2011 commissioned these studies by Delhi-based Nationa...
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Posted Date : 23-Jul-2018 , 10:11:20 am | Posted By CASANSAAR
The Government is looking at the possibility of adopting a United Nations legal model for cross-border insolvency cases as it works on strengthening the insolvency resolution framework, according to a senior official. The Insolvency and Bankruptcy Code (IBC) has sections pertaining to cross-borde...
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Posted Date : 23-Jul-2018 , 10:03:38 am | Posted By CASANSAAR
The Central Board of Direct Taxation (CBDT) has directed the Income Tax Department to add at least 1.25 crore fresh tax filers from across the country - the highest being from Punjab, Haryana, Himachal Pradesh and Jammu and Kashmir - in view of increased economic activities. The directions have b...
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Posted Date : 21-Jul-2018 , 04:53:54 pm | Posted By CASANSAAR
The GST Council in its 28th meeting held here today under the Chairmanship of Shri Piyush Goyal , Union Minister for Railways , Coal , Finance & Corporate Affairs took following decisions relating to exemptions / changes in GST rates / ITC eligibility criteria, rationalization of rate...
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Posted Date : 21-Jul-2018 , 04:46:08 pm | Posted By CASANSAAR
The GST Council in its 28thmeeting held here today has recommended certain amendments in the CGST Act, IGST Act, UTGST Act and the GST (Compensation to States) Act. 2. The major recommendations are as detailed below: Upper limit of t...
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Posted Date : 21-Jul-2018 , 10:00:52 pm | Posted By CASANSAAR
The GST Council in its 28th meeting held here today under the Chairmanship of Shri Piyush Goyal , Union Minister for Railways , Coal , Finance & Corporate Affairs took following decisions on GST Rate on Goods . GST rates reduction on 28% items: 28% to 18% ...
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Posted Date : 21-Jul-2018 , 04:16:15 pm | Posted By CASANSAAR
The GST Council in its 28th meeting held here today under the Chairmanship of Shri PiyushGoyal , Union Minister for Railways , Coal , Finance & Corporate Affairs has approved the new return formats and associated changes in law. It may be recalled that in the 27thmeeting held on 4thof May, ...
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- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
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- NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
- ICAI notifies earlier announced CA exam dates despite pending legal challenge before SC
- NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
- GST Important Update - Enhancement in the GST Portal
- NFRA Slaps Rs 5 lakh Penalty on Audit Firm for lapses in Vikas WSP Audit Case
- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
- RBI comes out with FEMA regulations for direct listing on international exchange
- RBI directs payment firms to track high-value, fishy transactions during elections
- NCLT orders insolvency proceedings against Subhash Chandra
- Income Tax dept starts drive to dispose of appeals, 0.54 million at last count
- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
- Satyam restrained from operating its accounts
- ICICI a foreign firm, subject to FDI norms: Govt
- Maha expects Rs 15 crore entertainment tax revenue from IPL
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- Provision of 15-minutes reading and planning time allowance to the candidates of Chartered Accountants Examinations
- Companies Bill to be taken up in Monsoon Session
- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
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