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Posted Date : 01-Feb-2018 , 02:08:23 pm | Posted By CASANSAAR
In the General Budget 2018-19 presented in Parliament today, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley proposed to amend the Income-tax Act to notify a new scheme for assessment. Shri Jaitley said the assessment will be done in electronic mode which will almost eliminat...
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Posted Date : 01-Feb-2018 , 02:06:33 pm | Posted By CASANSAAR
Expressing concern over the quality of education, Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley has said that education will be treated in a holistic manner from pre-nursery to Class XII. Presenting the General Budget 2018-19 in Parliament here today, the Finance Mi...
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Posted Date : 01-Feb-2018 , 02:04:45 pm | Posted By CASANSAAR
In keeping with the Government’s focus on strengthening the Railways network in the country the General Budget 2018-19 has enhanced the allocation for the Ministry. Presenting the Budget in the Parliament here today, the Union Minister for Finance & Corporate Affairs, Shri ...
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Posted Date : 01-Feb-2018 , 02:02:59 pm | Posted By CASANSAAR
In an effort to make the villages open defecation free and improving the lives of villagers, the Finance Minister in his budget speech today announced the launch of Galvanizing Organic Bio-Agro Resources Dhan (GOBAR-DHAN) . The Minister added that this will manage and convert cattle dung...
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Posted Date : 01-Feb-2018 , 02:01:38 pm | Posted By CASANSAAR
Total expenditure during 2018-19 is estimated to be over Rs. 24.42 lakh crore. Fiscal Deficit at 3.3% is expected to be Rs. 6,24,276 crore, to be financed through borrowings. The Union Finance Minister Shri Arun Jaitley while presenting the General Budget for 2018-19 in Par...
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Posted Date : 01-Feb-2018 , 02:00:34 pm | Posted By CASANSAAR
The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley has proposed a reduced rate of 25% to companies that have reported turnover up to Rs 250 crores in financial year 2016-17. This will benefit the entire class of Micro, Small and Medium Enterprises which accounts for almost 99% o...
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Posted Date : 01-Feb-2018 , 01:59:15 pm | Posted By CASANSAAR
In order to encourage professionalism in post-harvest value addition in agriculture, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley proposed to allow hundred per cent deduction to companies registered as Farmer Producer Companies and having annual turnover up to Rs.100 crore...
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Posted Date : 01-Feb-2018 , 01:58:05 pm | Posted By CASANSAAR
The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley has proposed to extend the benefits under Section 80-JJAA of the Income-tax Act to footwear and leather industry. While presenting the General Budget 2018-19 in Parliament here today, the Union Finance Minister said, “Curr...
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Posted Date : 01-Feb-2018 , 01:02:21 pm | Posted By CASANSAAR
Union Budget Highlights 2018-19 Personal Income Tax rates unchanged; Rs. 40k standard deduction in lieu of present exemption: FM Senior citizens can claim benefit of reduction Rs. 50,000/ year w.r.t any general health expenditure and health insurance premium: FM Rs 40,000 standard de...
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Posted Date : 01-Feb-2018 , 01:26:35 am | Posted By CASANSAAR
FM Arun Jaitley to present Union Budget 2018 today. CASANSAAR are providing you live updates of Union Budget 2018. JUST REFRESH THE PAGE (CLICK F5) FOR ALL LIVE UPDATES. FM closes his Budget speech and now its time for reactions. The key takeaways for the market remains the fisc...
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Posted Date : 31-Jan-2018 , 09:49:12 pm | Posted By CASANSAAR
Hon'ble Finance Minister's Presentation of Union Budget 2018 in the Parliament on 01st Feb 2018....
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Posted Date : 01-Feb-2018 , 09:09:52 am | Posted By CASANSAAR
Finance Minister Arun Jaitley will present the Union Budget for the next fiscal in Parliament today. He will first present the budget in the Lok Sabha and then in the Rajya Sabha. Last evening, he examined the final draft of the budget at North Block in the presence of Ministers of...
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Posted Date : 01-Feb-2018 , 09:01:13 am | Posted By CASANSAAR
ANNOUNCEMENT For attention of Members The Council at its 371st meeting held from 18th to 20th December, 2017 and adjourned to/continued on 18th and 19th January, 2018 noted the difficulties faced by the members in payment of membership fee and certificate of practice fee for the year 2017-18...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 1192
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Posted Date : 01-Feb-2018 , 08:58:59 am | Posted By CASANSAAR
A new e-way bill system will come into effect from today. Under the new system, every transporter will have to carry a system-generated bill to move goods from one place to another. The e-way bill system has been introduced to bring uniformity across the states for seamless inter-state move...
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Posted Date : 31-Jan-2018 , 01:36:44 am | Posted By CASANSAAR
IMPORTANT ANNOUNCEMENT January 30th, 2018 Examination Timings - CA May - 2018 Examinations An announcement dated 9th January 2018 informing the schedule and timings of the CA Examinations-May 2018 was hosted on www.icai.org The said announcement had indicated that the C...
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Posted Date : 31-Jan-2018 , 10:55:40 am | Posted By CASANSAAR
National banking bellwether State Bank of India raised interest rates on deposits for the first time in five years as it prepares to raise the lending game after the government strengthened it with capital investment and the trauma of bad loans eased. SBI follows private sector lender Axis ...
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Posted Date : 31-Jan-2018 , 09:12:14 am | Posted By CASANSAAR
FOR THE ATTENTION OF THE MEMBERS Revised Formats of Statutory Auditor’s Report for Urban Cooperative Banks The Auditing and Assurance Standards Board of ICAI is issuing the following revised formats of the statutory auditor’s report fo...
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Posted Date : 30-Jan-2018 , 08:44:32 am | Posted By CASANSAAR
In the wake of popularity of virtual currencies or cryptocurrency like Bitcoin, the government has sought Institute of Chartered Accountants of India (ICAI)'s opinion on the matter. "Ministry of Corporate Affairs has sought our opinion on accounting standards and disclosures of cryptocur...
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Posted Date : 29-Jan-2018 , 02:20:33 pm | Posted By CASANSAAR
A preliminary analysis of the Goods and Services Tax (GST) data reveals that there has been a 50% increase in the number of indirect taxpayers, besides a large increase in voluntary registrations, especially by small enterprises that buy from large enterprises and want to avail themselves ...
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Posted Date : 29-Jan-2018 , 02:09:45 pm | Posted By CASANSAAR
Economic Survey 2017-18 has predicted 7 to 7(point) 5 percent of country’s GDP growth in 2018-19. It says that a series of major reforms undertaken over the past year will allow real GDP growth to reach 6.75 percent this fiscal and will rise to 7.0 to 7.5 percent in 2018-19. It said the employ...
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Posted Date : 29-Jan-2018 , 09:08:56 am | Posted By CASANSAAR
The finance ministry would soon initiate a performance review of heads of public sector banks that are under the RBI’s (Reserve Bank of India) Prompt Corrective Action (PCA) as part of the reform process, official sources privy to the development said. So far, RBI has put 12 public sector b...
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Posted Date : 29-Jan-2018 , 09:00:09 am | Posted By CASANSAAR
The Budget session of Parliament begins today. The first phase of the session will commence with President Ram Nath Kovind's address to a joint session of both the houses. The Economic Survey will also be tabled today. The Budget will be presented on Thursday. During the session, the governme...
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Posted Date : 28-Jan-2018 , 05:33:03 am | Posted By CASANSAAR
RESULT OF CHARTERED ACCOUNTANTS INTERMEDIATE (IPC) EXAMINATION HELD IN NOVEMBER 2017. GROUP No of Candidates No of Candidates % of Pass Appeared Appeared ...
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Posted Date : 27-Jan-2018 , 02:19:51 pm | Posted By CASANSAAR
The government is considering a proposal to extend the time limit for the bankruptcy resolution process by up to 60 days following recent changes in the Insolvency and Bankruptcy Code (IBC) that have led to a reset in the process in many cases, said officials aware of the matter. This could...
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Posted Date : 27-Jan-2018 , 02:13:07 pm | Posted By CASANSAAR
Government has allowed Small Finance Banks and Payments Banks to offer Atal Pension Yojana (APY). Finance Ministry in a statement said, 10 Small Finance Banks and 11 Payment Banks have got license from Reserve Bank of India to start banking operations in the country. The Banks include Ujjivan Sma...
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Posted Date : 27-Jan-2018 , 08:37:31 am | Posted By CASANSAAR
The result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination held in November 2017 is likely to be declared on Sunday, the 28th January 2018 around 6.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above marks and upto...
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Posted Date : 26-Jan-2018 , 10:23:35 am | Posted By CASANSAAR
Government has collected 86,703 crore rupees under GST in the last month. Finance Ministry said, one crore taxpayers have been registered under GST so far. Of them over 17 lakh are Composition Dealers which are required to file returns every quarter. It said, over 56 lakh GSTR 3B returns ha...
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Posted Date : 25-Jan-2018 , 09:01:18 am | Posted By CASANSAAR
Chartered accountants are the gatekeepers for corporates and should keep away from being part of "murky things", a senior government official said amid the clamp down on illicit fund flows. Corporate Affairs Secretary Injeti Srinivas also urged chartered accountants to work toward...
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Posted Date : 25-Jan-2018 , 08:53:51 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has warned lenders about cryptocurrencies, telling them to step up scrutiny of financial transactions by companies and exchanges involved in the trade of bitcoins and similar digital tender, said two people aware of the matter. While the central bank stopped ...
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Posted Date : 25-Jan-2018 , 08:46:19 am | Posted By CASANSAAR
The Government of India today unveiled details of the re-capitalisation of Public Sector Banks (PSBs) announced in October, 2017. The capital infusion plan for 2017-18 includes Rs.80,000 crore through Recap Bonds and Rs.8,139 crore as budgetary support. This plan addresses regulatory cap...
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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
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- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
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- 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
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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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