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Posted Date : 04-Sep-2017 , 08:40:43 am | Posted By CASANSAAR
A Securities and Exchange Board of India (Sebi) panel on corporate governance is considering whether an auditor should be barred from scrutinizing the books of listed companies if an audit is ineffective and fails to spot financial discrepancies. It’s the first time the regulator is conside...
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Posted Date : 04-Sep-2017 , 08:38:03 am | Posted By CASANSAAR
One chartered accountant by profession, Piyush Goyal, has replaced another, Suresh Prabhu, in the Rail Bhawan. The country, however, hopes the days of finance-centric administration of the Railways will be over and the new man will strike a balance between operations, finance and infrastructure. ...
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Posted Date : 04-Sep-2017 , 08:28:04 am | Posted By CASANSAAR
The government is monitoring implementation of the Goods and Services Tax (GST) regularly and teething issues are being resolved immediately, Minister of State for Finance Arjun Ram Meghwal said today. Some technical issues with regard to tax payment have come to light and GST Network (GSTN) was ...
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Posted Date : 04-Sep-2017 , 08:26:12 am | Posted By CASANSAAR
The Supreme Court has held that seeking information about individual bank employees which were personal in nature and devoid of any public interest, was exempted under the Right to Information (RTI) Act. The court made the observation while allowing an appeal filed by Canara Bank challenging an o...
Continue Reading... Category : General | Comments : 0 | Hits : 348
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Posted Date : 02-Sep-2017 , 02:02:47 am | Posted By CASANSAAR
The country's foreign exchange reserves swelled by USD 1.148 billion to a new lifetime high of USD 394.55 billion for the week ended August 25 on the back of a healthy rise in core currency assets. RBI data showed the foreign currency assets (FCAs), a major component of the overal...
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Posted Date : 01-Sep-2017 , 09:42:29 pm | Posted By CASANSAAR
Prime Minister Narendra Modi on Friday asked tax officials to be friendly to honest taxpayers as part of his efforts to end the fear of the taxman and make India a more tax compliant society. Inaugurating the second edition of 'Rajaswa Gyan Sangam' -- the joint conference of direct and an...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 339
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Posted Date : 01-Sep-2017 , 09:07:45 am | Posted By CASANSAAR
Former home secretary Rajiv Mehrishi is to be the next Comptroller and Auditor General (CAG) of India. He will replace the present incumbent Shashi Kant Sharma who completes his term on 30th of this month. Mehrishi has emerged as the top choice for the post. A formal order on this is expected soo...
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Posted Date : 31-Aug-2017 , 09:06:55 am | Posted By CASANSAAR
Due-date for filing Income Tax Returns & various reports of audit prescribed under the IT Act,1961 has been extended to October 31, 2017....
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Posted Date : 31-Aug-2017 , 07:12:09 am | Posted By CASANSAAR
NEW DELHI: There is good news for taxpayers as the income tax department has extended the deadline to link PAN with Aadhaar by 4 months to December 31. The department had earlier said that tax returns filed without linking of Aadhaar and PAN would not be taken up for processing unless the two were l...
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Posted Date : 31-Aug-2017 , 08:10:24 am | Posted By CASANSAAR
The Centre on Wednesday told the Supreme Court that they would extend till December 31, the deadline to furnish Aadhaar for availing the benefits of various social welfare schemes. Attorney General K K Venugopal made the submission that the current deadline of September 30 has been shifted ...
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Posted Date : 31-Aug-2017 , 08:03:58 am | Posted By CASANSAAR
The Supreme Court today said it would hear a batch of petitions on Aadhaar-related matters in November after the Centre informed that it will extend till December 31 the deadline to furnish Aaadhar to avail benefits of social welfare schemes. A bench headed by Chief Justice Dipak Misra said...
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Posted Date : 30-Aug-2017 , 10:30:31 pm | Posted By CASANSAAR
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval to the proposal of the Finance Ministry to promulgate an ordinance to suitably amend the Goods and Services Tax (Compensation to States) Act, 2017. The approval would allow to increase the maximum rate at which ...
Continue Reading... Category : GST | Comments : 0 | Hits : 637
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Posted Date : 30-Aug-2017 , 10:15:09 pm | Posted By CASANSAAR
Two months after the rollout of GST, Prime Minister Narendra Modi today said apprehensions with regard to the indirect tax regime have been proven to be unfounded and a smooth transition has happened. He asked chief secretaries of all states to further boost efforts to increase registration under...
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Posted Date : 30-Aug-2017 , 10:12:46 pm | Posted By CASANSAAR
The Reserve Bank of India today in its annual report says that almost 99 per cent of banned Rs 500 and Rs 1000 notes that were demonetised last November have returned to the system. In the report for 2016-17, the RBI said that out of 632.6 crore pieces of Rs 1,000 currency notes in circulat...
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Posted Date : 29-Aug-2017 , 10:59:12 pm | Posted By CASANSAAR
CASANSAAR is pleased to announce the launch of CASANSAAR Free Placement Cell for CA, CS, CMAs once again. This Cell will assist Job Seekers & Job Recruiters for best fit.. If you have requirement of CA / CS / CMA's in your office / Firm / ...
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Posted Date : 30-Aug-2017 , 08:37:50 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has sent commercial banks a second list of at least 26 defaulters with which it wants creditors to start the process of debt resolution before initiating bankruptcy proceedings, three bankers aware of the development said. In a letter, the central bank said these a...
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Posted Date : 29-Aug-2017 , 10:32:14 pm | Posted By CASANSAAR
India's maiden GST revenue mop-up got off to a bumper start, with Finance Minister Arun Jaitley saying today that taxes worth Rs 92,283 crore were collected in July from just 64.42 per cent of the total taxpayer base. Tax collections for July, the first month when a unified Goods and Se...
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Posted Date : 28-Aug-2017 , 10:23:48 pm | Posted By CASANSAAR
At the age of 21 years this diamond city resident holds four degrees of which three are considered few of the toughest courses in country. Aditya Jhavar, a resident of Parvat Patiya area in city, became the youngest student to clear company secretary (CS), chartered accountant (CA) and cost and mana...
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Posted Date : 29-Aug-2017 , 08:39:21 am | Posted By CASANSAAR
The market regulator, Securities Exchange Board of India (SEBI) has cautioned the youth against falling for any scheme promising abnormal returns, reported a national news agency on Monday. "Instead of going through allurement, investors are advised to go through terms and conditions o...
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Posted Date : 29-Aug-2017 , 08:26:52 am | Posted By CASANSAAR
The Income Tax Department once again warned people against cash dealings of 2 lakh rupees and more, saying any violation of this cap will invite strict penalty under law. In a public message yesterday, the department said accepting 2 lakh rupees or more in aggregate from a single person in a day for...
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Posted Date : 28-Aug-2017 , 10:15:22 pm | Posted By CASANSAAR
The Madras High Court today ordered issue of notice to the Centre, including Principal Secretary (Revenue) and Tamil Nadu Commissioner of Commercial Taxes on a PIL seeking to direct traders to use E-way billing for movement or selling of goods in order to prevent cheating. Justices K K Sasidharan...
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Posted Date : 28-Aug-2017 , 05:40:53 pm | Posted By CASANSAAR
Over 36 lakh businesses have so far filed their first tax returns under the Goods and Services Tax (GST) regime, a top tax official said today. Tax collected in the maiden filings under the GST regime, which kicked in from July 1, are still being compiled as the last date for filings under differ...
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Posted Date : 26-Aug-2017 , 08:05:30 am | Posted By CASANSAAR
Tax practitioners have urged the government to grant more time for filing tax returns and invoices for the month of July, the first month since the roll-out of the goods and services tax (GST), as businesses and traders strive to adjust to the new indirect tax system. While many firms managed to ...
Continue Reading... Category : GST | Comments : 0 | Hits : 789
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Posted Date : 26-Aug-2017 , 07:59:44 am | Posted By CASANSAAR
As many as 2,964,653 filers had submitted returns for July under the goods and services tax (GST) regime by the Friday evening. Friday was the deadline for filing returns. The number of filers are likely to increase as the day ends. GST Network, which is responsible for the information tech...
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Posted Date : 25-Aug-2017 , 07:46:28 pm | Posted By CASANSAAR
To guide taxpayers in relation to GST matters, CBEC has issued a range of frequently asked questions related to GST law, procedures, tax rates, specific industry or sector. The information is available on CBEC GST portal http://cbec-gst.gov.in under Services section. Taxpayers can se...
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Posted Date : 25-Aug-2017 , 07:46:55 am | Posted By CASANSAAR
In a landmark decision, the Supreme Court today declared the right to privacy a fundamental right under the constitution. A nine-judge constitution bench headed by Chief Justice JS Khehar ruled that right to privacy is an intrinsic part of the Right to Life and Personal Liberty under Articl...
Continue Reading... Category : General | Comments : 0 | Hits : 385
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Posted Date : 24-Aug-2017 , 10:44:14 am | Posted By CASANSAAR
The central bank is considering an 'ombudsman' scheme for redressal of customer grievances at non-banking finance companies (NBFCs) in line with banks, Reserve Bank of India (RBI) Deputy Governor NS Vishwanathan said on Wednesday. He also said the Reserve Bank is not in favour of NBFCs ac...
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Posted Date : 24-Aug-2017 , 12:12:16 am | Posted By CASANSAAR
The Securities Appellate Tribunal has given more time to Sebi for passing a fresh order in the Satyam case with respect to the quantum of punishment given to the erstwhile company's founder B Ramalinga Raju and his brother B Rama Raju. The tribunal on May 12 had asked Sebi to pass a fresh ord...
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Posted Date : 24-Aug-2017 , 10:33:26 am | Posted By CASANSAAR
Government has clarified that five percent GST is applicable on selling of space for advertisement in print media if an agency buys space from the newspaper and sells the same to clients on its own account. However, the GST rate will be 18 percent of the sale commission, if the agency works as an...
Continue Reading... Category : GST | Comments : 0 | Hits : 341
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Posted Date : 23-Aug-2017 , 07:40:33 am | Posted By CASANSAAR
The finance ministry has modified the cash management system of the Central government to incorporate the change in date of tax receipts arising out of the new indirect tax regime of the Goods and Services Tax (GST). In an office memorandum, the finance ministry has asked all financial advisers of a...
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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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- NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
- GST Important Update - Enhancement in the GST Portal
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- 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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- No service tax on visa facilitators: CBEC
- 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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