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Posted Date : 16-Jan-2017 , 11:28:26 pm | Posted By CASANSAAR
The Reserve Bank of India has raised the daily Cash withdrawal limit of 4500 rupees from ATMs to ten thousand rupees per card with immediate effect. However, the overall withdrawal limit from saving accounts will remain unchanged at 24 thousand rupees per week. The limit on withdrawal from curren...
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Posted Date : 16-Jan-2017 , 11:26:04 pm | Posted By CASANSAAR
In a significant breakthrough in implementation of India's biggest tax reform, the deadlock over administration of GST ended on Monday after the Centre agreed to allow states control over most of small taxpayers, but the rollout date was pushed back by 3 months to July 1. The split of G...
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Posted Date : 16-Jan-2017 , 09:47:48 am | Posted By CASANSAAR
CASANSAAR offers a Golden opportunity for Professionals, where they could create their own stunning website with multiple designs and templates to choose. It will be completely your own space, which is going to be a Dynamic Website and could be edited as per your wish. ...
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Posted Date : 16-Jan-2017 , 09:27:26 am | Posted By CASANSAAR
In a make-or-break meeting, the Centre and States will try and resolve the pending issues around the Goods and Services Tax (GST) on Monday to ensure its timely roll out from April 1. The GST Council will try to reach a compromise on administrative control over businesses. “If States get...
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Posted Date : 16-Jan-2017 , 09:18:17 am | Posted By CASANSAAR
Securities and Exchange Board of India, SEBI, has decided to lower broker fees by 25 per cent to 15 rupees per transaction of one crore rupees as part of calibration of various other fees collected by the regulator from different market intermediaries. The move is likely to reduce overall cost of tr...
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Posted Date : 16-Jan-2017 , 09:17:19 am | Posted By CASANSAAR
The result of the Chartered Accountants Final Examination held in November 2016 and Common Proficiency Test (CPT) held in December 2016 are likely to be declared on Tuesday, the 17th January 2017 around 2.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above ...
Continue Reading... Category : CA Results | Comments : 0 | Hits : 785
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Posted Date : 13-Jan-2017 , 08:26:14 am | Posted By CASANSAAR
The Supreme Court on Tuesday asked market regulator Securities Exchange Board of India, or Sebi, to expedite enquiry against global auditing firm PricewaterhouseCoopers (PwC) in the corporate fraud case involving Satyam Computer Services Ltd. “Conclude the case within six months from today,...
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Posted Date : 13-Jan-2017 , 08:12:30 am | Posted By CASANSAAR
The Supreme Court today refused to intervene in the legislative process on the amendments to the law on Whistleblower's Protection Act 2011. The apex court said Parliament is seized of the matter and by asking the legislature about the proposed amendments, it cannot breach the limit. Re...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 701
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Posted Date : 12-Jan-2017 , 10:23:07 pm | Posted By CASANSAAR
The Bankruptcy and Insolvency Code will drive growth of debt market in India, which hardly exists in corporate and business financing, Dr. MS Sahoo, Chairman, Bankruptcy Board of India told Fe. While the country has a matured and bullish equity market, the debt market in India was yet to develop. Th...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 308
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Posted Date : 12-Jan-2017 , 10:14:03 pm | Posted By CASANSAAR
Tata Sons today named TCS Chief Executive Officer and Managing Director N Chandrasekaran as its new Chairman over two months after the unceremonious sacking of Cyrus Mistry. Popularly known as 'Chandra', the 54-year-old was chosen to step into the shoes of interim Chairman Ratan Tata, who...
Continue Reading... Category : General | Comments : 0 | Hits : 287
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Posted Date : 11-Jan-2017 , 08:32:15 am | Posted By CASANSAAR
Income Tax Department has won National Awards on e-Governance 2016-17 for its e-filing initiative. It has been conferred the silver award in the National Awards on e-Governance for the e-filing of Income Tax returns and other forms project in the category "Incremental Innovations"...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 390
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Posted Date : 10-Jan-2017 , 02:57:19 pm | Posted By CASANSAAR
The government has found that an estimated Rs 3-4 lakh crore of tax-evaded income could have been deposited during 50-day window provided to get rid of junked Rs 500/1000 notes. A senior official said Income Tax Department has been asked to scrutinise details and send notices to depositors of of ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 575
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Posted Date : 10-Jan-2017 , 09:05:37 am | Posted By CASANSAAR
Keen to ensure roll out of goods and services tax from April 1, 2017, the Central Board of Excise and Customs (CBEC) has begun migration of its existing excise duty and service tax assesses to the new regime. "All existing central excise/service tax assesses are requested to migrate as...
Continue Reading... Category : GST | Comments : 0 | Hits : 1879
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Posted Date : 09-Jan-2017 , 09:53:28 pm | Posted By CASANSAAR
To ensure implementation of GST by 1st April, 2017, Central Board of Excise & Customs (CBEC) has initiated the process of migration of its existing Central Excise/Service Tax assessees to GST from today. A 24x7 Helpdesk (Through Toll-Free number and Email) started for the purpose. ...
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Posted Date : 09-Jan-2017 , 07:52:07 am | Posted By CASANSAAR
Tightening the noose around tax evaders, the government has asked banks to obtain permanent account number (PAN) or Form-60 if PAN is not available, from all bank account holders by February 28, 2017. "Income-tax Rules have been amended to provide that bank shall obtain and link PAN or Form ...
Continue Reading... Category : PAN | Comments : 0 | Hits : 943
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Posted Date : 09-Jan-2017 , 07:48:55 am | Posted By CASANSAAR
The tax department has made it mandatory for central excise duty and service taxpayers to obtain a valid PAN number before they can be migrated to the new goods and services tax (GST) set-up. Despite the political impasse putting a question mark on the planned rollout of the new tax regime from 1...
Continue Reading... Category : GST | Comments : 0 | Hits : 1150
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Posted Date : 09-Jan-2017 , 07:46:00 am | Posted By CASANSAAR
With an estimated Rs 15 lakh crore back in the banking system post demonetisation, the income tax department is in talks with leading global tax consultants, including EY, KPMG and PricewaterhouseCoopers, for forensic audit of the data to see if any of it is laundered money. Following the note ba...
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Posted Date : 09-Jan-2017 , 07:40:13 am | Posted By CASANSAAR
The reports on the quantum of black money held by Indians in the country and abroad cannot be made public, country’s two premier institutes that conducted studies on the ill-gotten wealth on the finance ministry’s directive said. The UPA government had in 2011 asked three institutes &...
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Posted Date : 09-Jan-2017 , 07:34:18 am | Posted By CASANSAAR
The General Anti-Avoidance Rule,GAAR, will kick in from April 1, 2017 said the Central Board for Direct Taxes today. GAAR was part of the 2012-13 Budget speech of the then Finance Minister Pranab Mukherjee to check tax evasion and avoidance. During the 2015 Budget presentation, Finance Mini...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 349
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Posted Date : 05-Jan-2017 , 10:36:13 pm | Posted By CASANSAAR
The Department of Revenue has promised to refund tax claims of exporters within seven days under the new GST regime, thus addressing a major concern of the sector, Commerce and Industry Minister Nirmala Sitharaman said today. The minister also said that exporters would get interest on the refund ...
Continue Reading... Category : GST | Comments : 0 | Hits : 575
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Posted Date : 05-Jan-2017 , 10:33:54 pm | Posted By CASANSAAR
With the Centre keen on implementing the ambitious Goods and Services Tax across the country, Tamil Nadu government today asked traders to register in the website created by the Goods and Services Tax Network (GSTN). GSTN has set up www.gst.gov.in and those registered traders should registe...
Continue Reading... Category : GST | Comments : 0 | Hits : 326
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Posted Date : 05-Jan-2017 , 05:04:01 pm | Posted By CASANSAAR
Eight opposition parties including Congress, JD(U), and TMC today met the Election Commission and demanded that the budget should be presented after 8th of March which is the last day of voting in states going to polls. Talking to media in New Delhi, senior Congress leader Ghulam Nabi Azad ...
Continue Reading... Category : Budget | Comments : 0 | Hits : 310
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Posted Date : 05-Jan-2017 , 08:41:52 am | Posted By CASANSAAR
The Income tax department signed three advance pricing agreements (APAs) with taxpayers as it looks to reduce litigation by providing certainty in transfer pricing. The three APAs signed today pertain to engineering goods and shipping sectors of the economy. The international transactions cover...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 426
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Posted Date : 05-Jan-2017 , 08:38:24 am | Posted By CASANSAAR
The government, in collaboration with telecom and IT industry, has launched a toll-free helpline - 14444 - to address consumer queries on digital payments. The helpline will address questions regarding various platforms, including the newly-launched Bharat Interface for Money (BHIM), eWallets, Aa...
Continue Reading... Category : Banking | Comments : 0 | Hits : 770
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Posted Date : 04-Jan-2017 , 08:33:48 pm | Posted By CASANSAAR
The deadlock over the Goods and Services Tax (GST) continued on Wednesday as Centre and States refused to budge from their respective positions on the issues including control of taxpayers and taxing high sea trade. Stating that the Goods and Services Tax (GST) Council was racing against time on ...
Continue Reading... Category : GST | Comments : 0 | Hits : 511
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Posted Date : 04-Jan-2017 , 09:12:12 am | Posted By CASANSAAR
In what could come as a good news for taxpayers in the new year, the Income Tax department has asked its officials to resolve their grievances within 30 days time. The department's new wing called the 'Directorate of Tax Payer Services' has asked all the regional heads of the I-T to e...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 623
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Posted Date : 04-Jan-2017 , 08:54:56 am | Posted By CASANSAAR
The Institute of Cost Accountants of India (ICAI) has commenced a capacity building exercise. It has marked the initiative with the launch of the country’s first CMA (Cost and Management Accounts) Lab at Coimbatore. The facility was inaugurated by Manas Kumar Thakur, President of the Institute...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1183
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Posted Date : 04-Jan-2017 , 08:49:39 am | Posted By CASANSAAR
Paytm Payments Bank, owned by One97 Communications and its founder Vijay Shekhar Sharma, received an approval to formally launch its services from the Reserve Bank of India (RBI), Sharma said in a blog post on Tuesday. A company official informed that the payments bank is expected to be launched by ...
Continue Reading... Category : Banking | Comments : 0 | Hits : 708
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Posted Date : 04-Jan-2017 , 08:40:50 am | Posted By CASANSAAR
SBI Chief Arundhati Bhattacharya has hinted that the mega merger of its five associate banks and Bharatiya Mahila Bank could be pushed to the next financial year as it is still awaiting the government notification in this regard. Ms. Bhattacharya said undertaking the merger process in the l...
Continue Reading... Category : Banking | Comments : 0 | Hits : 539
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Posted Date : 03-Jan-2017 , 10:27:45 pm | Posted By CASANSAAR
The Supreme Court today asked the Centre to give details of recovery cases filed by banks and financial institutions and those pending in debt recovery tribunals and their appellate bodies for the last ten years. A bench headed by Chief Justice T S Thakur also sought a response on the question as...
Continue Reading... Category : Banking | Comments : 0 | Hits : 332
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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
- CAG blames PMO for not acting against Kalmadi
- 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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