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Posted Date : 09-Feb-2018 , 09:28:45 am | Posted By CASANSAAR
At a time when the Centre is encouraging people to adopt digital transactions, some banks are allegedly not enforcing RBI directions to provide an additional authentication system for online transactions. The Delhi High Court has decided to examine the issue to protect consumers from rising incident...
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Posted Date : 09-Feb-2018 , 09:26:37 am | Posted By CASANSAAR
The Reserve Bank of India on Thursday cautioned members of the public that it has come across a fake website www.indiareserveban.org created by some unknown person(s) with a layout similar to the original RBI website and containing a provision for ‘Bank verification with online account-holders...
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Posted Date : 09-Feb-2018 , 09:22:24 am | Posted By CASANSAAR
The Competition Commission on Wednesday imposed a fine of Rs 136 crore on internet giant Google for unfair business practices in the Indian market for online search. After a detailed probe on the complaints filed in 2012, the regulator through a majority order said the penalty is being imposed on...
Continue Reading... Category : General | Comments : 0 | Hits : 908
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Posted Date : 08-Feb-2018 , 09:18:31 am | Posted By CASANSAAR
As many as 884 companies are under the scanner in various money laundering cases and assets worth Rs 5,000 crore have been attached following probes initiated as per the PMLA, Union Minister P P Chaudhary said. However, he said that not a single company has been deregistered on the charges of mon...
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Posted Date : 08-Feb-2018 , 09:13:39 am | Posted By CASANSAAR
In a measure to provide relief to the micro, small and medium enterprises (MSME) sector which was "badly hit" by the implementation of the Goods and Services Tax (GST), the Reserve Bank of India (RBI) on Wednesday gave them an extension of up to 180 days to clear their loans to banks. ...
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Posted Date : 08-Feb-2018 , 08:34:42 am | Posted By CASANSAAR
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given Ex-post facto approval to the modifications carried out in the replacement Bill, which replaced the Insolvency and Bankruptcy Code (Amendment) Bill 2017, and which has been passed by the Parliament as the Insolvency and Ban...
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Posted Date : 08-Feb-2018 , 08:31:29 am | Posted By CASANSAAR
The Reserve Bank of India has said that it will link the base rate with the MCLR from 1st of April this year to ensure expeditious transmission of its policy rate to borrowers. In a statement, RBI said, though it had introduced the Marginal Cost of Funds based Lending Rates (MCLR) system with effect...
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Posted Date : 08-Feb-2018 , 08:27:31 am | Posted By CASANSAAR
The Insolvency and Bankruptcy Board of India (IBBI) amended the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017. 2. According to the amendments, a. The resolution professional shall appoint registered valuers to determ...
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Posted Date : 08-Feb-2018 , 08:23:32 am | Posted By CASANSAAR
The Insolvency and Bankruptcy Board of India (IBBI) amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. 2. According to the amendments, a. The resolution professional shall appoint two registered valuers to determine th...
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Posted Date : 07-Feb-2018 , 08:45:54 am | Posted By CASANSAAR
Union minister P P Chaudhary assured ICAI that they need not worry about the proposed National Financial Reporting Authority (NAFRA) but emphasised that there is a need to strengthen the existing system. The Companies Act, 2013 provides for setting up of the NAFRA, which would look into accountin...
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Posted Date : 07-Feb-2018 , 08:41:52 am | Posted By CASANSAAR
As many as 40 corporate insolvency resolutions, under the Insolvency and Bankruptcy Code, have been completed, Union Minister P P Chaudhary said today. The Code, which provides for market--determined and time-- bound resolution process, is being implemented by the Insolvency and Bankruptcy ...
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Posted Date : 06-Feb-2018 , 08:59:39 pm | Posted By CASANSAAR
The income tax department is issuing notices to people who invested in crypto currencies like bitcoin but did not declare income or ‘profits earned’ from them, Central Board of Direct Taxes (CBDT) chairman Sushil Chandra said on Tuesday. The department has found that there is no clari...
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Posted Date : 07-Feb-2018 , 08:21:32 am | Posted By CASANSAAR
Investors Awareness Programmes (IAPs) have been organised by Investor Education and Protection Fund (IEPF) in association with Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI), Institute of Cost Accountants of India (ICoAI) and CSC e-gove...
Continue Reading... Category : Companies Act | Comments : 0 | Hits : 340
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Posted Date : 06-Feb-2018 , 10:29:09 am | Posted By CASANSAAR
India’s benchmark Sensex index slumped nearly 1250.38 points to 33,506.78 points, while Nifty declined 350 points to 10,343 tracking global selloff amid strong US jobs data. Both Nifty and Sensex fell nearly 3.5%, their biggest fall since August 2015. Overnight, Dow Jones fell over 1,...
Continue Reading... Category : Shares & Stock | Comments : 0 | Hits : 462
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Posted Date : 06-Feb-2018 , 09:49:34 am | Posted By CASANSAAR
ICAI said there are fraudulent cases being reported wherein individuals are falsely claiming to be chartered accountants. The Institute of Chartered Accountants of India's (ICAI's) statement comes against the backdrop of recent reports that the Income Tax Department had busted a racket wh...
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Posted Date : 06-Feb-2018 , 09:37:03 am | Posted By CASANSAAR
Reserve Bank of India’s Monetary Policy Committee (MPC) meeting will begin today in Mumbai. The six-member MPC headed by RBI Governor Urijit Patel will meet for the Sixth Bi-monthly Monetary Policy Statement for 2017-18. RBI may keep policy rates on hold this week. It may toughen its warnin...
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Posted Date : 03-Feb-2018 , 08:58:40 am | Posted By CASANSAAR
​In one of the Budget documents of the Union Budget 2018-19​,​ “Budget at a glance” under the title ‘Expenditure on Government of India’, an expenditure of Rs.77,747 crore and Rs.10,5541 crore has been shown against the item “Tax administra...
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Posted Date : 02-Feb-2018 , 09:18:32 am | Posted By CASANSAAR
Following amendments have been made in the Prevention of Money-laundering Act, 2002 (PMLA) through Finance Act 2018. The Amendments aim at further enhancing the effectiveness of the Act, widen its scope and take care of certain procedural difficulties faced by the Enforcement Directorate in prosecut...
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Posted Date : 02-Feb-2018 , 09:11:26 am | Posted By CASANSAAR
The removal of exemption of long term capital gains tax on transfer of shares might make investing in stock markets a less attractive option, according to chartered accountants apex body ICAI. In the Budget 2018-19, presented in the Parliament, the government has decided to impose a 10 per cent t...
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Posted Date : 02-Feb-2018 , 09:06:54 am | Posted By CASANSAAR
The finance ministry sought application from eligible candidates for the post of RBI Deputy Governor, a position that fell vacant after S S Mundra retired on completion of his three-year term on July 31, 2017. Although interviews were conducted on July 29 last year, the government has decided to ...
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Posted Date : 02-Feb-2018 , 09:00:59 am | Posted By CASANSAAR
The government will amend the Reserve Bank of India Act to allow the central bank to suck our excess liquidity from the money market without offering any securities as collateral. This will provide the RBI a new tool in liquidity management particularly in times when the money market liquid...
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Posted Date : 02-Feb-2018 , 08:55:17 am | Posted By CASANSAAR
In a departure from the age-old procedure, the Central Board of Direct Taxes (CBDT) has stipulated that the ambitious e-assessment of a taxpayer will henceforth be handled by two officers, instead of the current system involving a single assessing officer (AO). CBDT Chairman Sushil Chandra ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1529
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Posted Date : 02-Feb-2018 , 08:48:31 am | Posted By CASANSAAR
The Union Finance and Corporate Affairs Minister Shri Arun Jaitley today proposed to tax long term capital gains exceeding Rs.1 lakh at the rate of 10% without allowing the benefit of any indexation. Presenting the General Budget 2018-19 in Parliament here today, Shri Jaitley said that all gai...
Continue Reading... Category : Budget | Comments : 0 | Hits : 464
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Posted Date : 02-Feb-2018 , 08:46:43 am | Posted By CASANSAAR
In order to control the cash economy and increase TDS compliance, the Union Finance and Corporate Affairs Minister Shri Arun Jaitley proposed to impose restriction on entities incurring expenditure in cash without paying tax. Presenting the General Budget 2018-19 in Parliament here today, t...
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Posted Date : 02-Feb-2018 , 08:45:23 am | Posted By CASANSAAR
In order to promote trade in stock exchanges located in International Financial Services Centre (IFSC), the Union Finance and Corporate Affairs Minister Shri Arun Jaitley proposed to provide two more concessions for IFSC. Presenting the General Budget 2018-19 in Parliament here today, Sh...
Continue Reading... Category : International Business | Comments : 0 | Hits : 433
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Posted Date : 02-Feb-2018 , 08:44:07 am | Posted By CASANSAAR
With the roll out of GST, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley while presenting the General Budget 2018-19 in Parliament today, announced that the name of Central Board of Excise and Customs [CBEC] will be changed to Central Board of Indirect Taxes and Customs (CBI...
Continue Reading... Category : GST | Comments : 0 | Hits : 348
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Posted Date : 02-Feb-2018 , 08:37:51 am | Posted By CASANSAAR
Official Twitter Handle of GST and CBEC said that In view of difficulties faced by the trade in generating e-way bill due to initial tech glitches, it has been decided to extend the trial phase for generation of e-way bill, both for inter and intra-State movement of goods. It shall be made comp...
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Posted Date : 01-Feb-2018 , 08:09:07 pm | Posted By CASANSAAR
Mr Jaitley did not propose any change in the Income-tax rates or corporate tax. However, he announced relief to salaried employees, pensioners, senior citizens, micro, small and medium industries. He proposed a standard deduction of 40,000 rupees for salaried employees in place of transport al...
Continue Reading... Category : Budget | Comments : 0 | Hits : 743
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Posted Date : 01-Feb-2018 , 02:13:19 pm | Posted By CASANSAAR
With the objective of providing a dignified life to senior citizens, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley, announced significant incentives for senior citizens. Presenting the General Budget 2018-19 in Parliament here today, the Finance Minister said that the ex...
Continue Reading... Category : Budget | Comments : 0 | Hits : 1102
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Posted Date : 01-Feb-2018 , 02:41:49 am | Posted By CASANSAAR
The Union Finance Minister asserted that Shri Narendra Modi, Government had worked sincerely and without weighing political costs. Presenting the General Budget 2018-19 in Parliament here today, the Minister for Finance and Corporate Affairs Shri Arun Jaitely said that the Government had taken up pr...
Continue Reading... Category : Budget | Comments : 0 | Hits : 371
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- NCLT orders insolvency proceedings against Subhash Chandra
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- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
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- 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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