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  • Download Admit Cards for CA IPC & Final Nov. Exams 2016
    Posted Date : 08-Oct-2016 , 11:04:17 am | Posted By CASANSAAR

    Admit cards in respect of candidates admitted to the Intermediate (IPC) and Final November 2016 examination, with their photographs and signatures on them, are hosted on icaiexam.icai.org Candidates may print their admit cards from the said website. For downloading/printing of the admit cards, ca...

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  • Finmin seeks industry suggestions on taxation for Budget
    Posted Date : 07-Oct-2016 , 07:05:21 pm | Posted By CASANSAAR

    Gearing up for early presentation of Union Budget 2017-18, the Finance Ministry has asked industry and trade bodies to start sending suggestions on taxation and other fiscal issues. The central budget for next financial year is likely to be presented in Parliament latest by February 2 or earlier,...

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  • RBI issues guidelines for small and payments banks
    Posted Date : 07-Oct-2016 , 07:47:34 am | Posted By CASANSAAR

    The Reserve Bank of India on Thursday issued separate operating guidelines for payments banks and small finance banks in view of their differentiated nature of business and focus on financial inclusion. The RBI has granted in-principle approvals to 11 payments banks (August 2015) and 10 small financ...

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  • Finance Ministry sets up Public Debt Management Cell
    Posted Date : 06-Oct-2016 , 11:07:27 pm | Posted By CASANSAAR

    The Union Finance Ministry has set up a Public Debt Management Cell (PDMC) to streamline government borrowings and better cash management with the overall objective of deepening bond markets. The PDMC, to be housed at RBI's Delhi office, is an interim arrangement and will be upgraded to a statut...

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  • HC ordered ICAI to suspend CA Firm for issuing False Certification
    Posted Date : 06-Oct-2016 , 08:39:05 am | Posted By CASANSAAR

    A division bench of the Hyderabad High Court has ordered the Institute of Chartered Accountants of India (ICAI) to suspend a Firm of Chartered Accountants for issuing a false certification to a business firm which enabled the promoters to squander public money by inducing the general public to subsc...

    Continue Reading... Category : Income Tax | Comments : 0 | Hits : 3254

  • SEBI asks govt to appoint Woman Director on its Board
    Posted Date : 06-Oct-2016 , 08:26:56 am | Posted By CASANSAAR

    Sebi has suggested the government to appoint at least one woman director on the regulator's board, in line with its own directions for listed companies' gender diversity on high-table under corporate governance norms.  The Securities and Exchange Board of India (Sebi) had issued guid...

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  • States start looking for consultants for GST
    Posted Date : 05-Oct-2016 , 10:49:13 pm | Posted By CASANSAAR

    States have started scouting for tax consultants to advise them on technical aspects of the goods and services tax (GST), which is planned to be rolled out from April next year. With the Centre moving on to the fast track to meet the April 2017 deadline, the Punjab government has initiated the pr...

    Continue Reading... Category : GST | Comments : 0 | Hits : 704

  • Sushil Chandra to be the next CBDT Chief
    Posted Date : 05-Oct-2016 , 10:43:45 pm | Posted By CASANSAAR

    Senior Indian Revenue Service officer Sushil Chandra was today appointed chairperson of the Central Board of Direct Taxes (CBDT), the apex policy making body for the Income Tax department. He will replace Rani Singh Nair, who retires this month-end. Chandra, a 1980 batch officer of Indian Reve...

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  • Central excise officers' body plans protest on GST
    Posted Date : 05-Oct-2016 , 10:33:26 pm | Posted By CASANSAAR

    An association representing nearly 15,000 central excise and customs officials today said it will launch a nation-wide protest and go on a mass casual leave on 'budget day' if its various demands related to implementation of Goods and Service Tax (GST) are not addressed. The All India Ass...

    Continue Reading... Category : GST | Comments : 0 | Hits : 418

  • IDS 2016 Declarations Cross Rs.71,000 Cr - ICAI
    Posted Date : 05-Oct-2016 , 08:08:35 am | Posted By CASANSAAR

    The CA Institute on Tuesday said that as per the latest information available with the Institute total declarations made under the ‘Income Declaration Scheme’ 2016 has crossed Rs.71,000 crore. M Devaraja Reddy, President, Institute of Chartered Accountants of India (ICAI), told at p...

    Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1143

  • CBEC overhaul likely to administer GST from April 1
    Posted Date : 05-Oct-2016 , 07:59:34 am | Posted By CASANSAAR

    The government is likely to overhaul the central board of excise and customs’ (CBEC) organisational structure to administer the Central GST (CGST) and Integrated-GST (IGST) from April 1, the appointed date for rolling out the goods and service tax (GST) regime. Under the CBEC, it is propose...

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  • Provisional certificate valid till degree is issued: HC
    Posted Date : 05-Oct-2016 , 07:49:55 am | Posted By CASANSAAR

    Provisional certificate issued by a varsity continues to be valid till a degree is issued, Delhi High Court has said while pulling up Delhi University (DU) for denying admission to a student under Scheduled Tribe category on the basis of a provisional certificate. Justice Sanjeev Sachdeva directe...

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  • RBI gives thumbs up to 18 per cent GST rate
    Posted Date : 04-Oct-2016 , 09:00:40 pm | Posted By CASANSAAR

    The implementation of the much awaited Goods and Services tax could produce a short-lived pass-through to the inflation trajectory the Reserve Bank of India has said in its Monetary Policy Report. It also said that a 18% GST rate would not have any material impact on CPI inflation.  "Wh...

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  • CBI arrests Income Tax officer in bribery case
    Posted Date : 04-Oct-2016 , 08:46:31 pm | Posted By CASANSAAR

    CBI has arrested an Income Tax officer for allegedly accepting a bribe of Rs 3 lakh and demanding Rs 5,000 as additional illegal gratification for his staff. A CBI spokesperson said in Delhi that the officer and his staff member were arrested from Mumbai. “A case was registered U/...

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  • RBI cuts repo rate by 25 basis points to 6.25% from 6.50%
    Posted Date : 04-Oct-2016 , 08:40:27 pm | Posted By CASANSAAR

    The Reserve bank of India has reduced the key policy rate or the repo rate by 25 bps to 6.25 per cent in the fourth bimonthly policy review announced on Tuesday. This is the first rate decision made by the Monetary Policy Committee (MPC) of the bank, which is headed by RBI Governor Urjit Patel an...

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  • Plz help the family of CA died in young age
    Posted Date : 04-Oct-2016 , 08:54:49 am | Posted By CASANSAAR

    Untimely demise of CA Amit Garg s/o Sh. R.C.Garg (Membership No. 502815) due to cancer based at Faridabad had left his family high and dry (including non working wife and three schooling children). Any monetary assistance to the bereaved family of deceased would be appreciated. Bank ...

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  • CAG may Audit IDS, not individual declarations
    Posted Date : 04-Oct-2016 , 08:21:40 am | Posted By CASANSAAR

    The Comptroller and Auditor General of India (CAG) may audit the just ended black money disclosure scheme for the process followed and how well it performed, but will not get into the disclosures made.  As much as Rs 65,250 crore of undeclared assets were declared through 64,275 declarations...

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  • CAG lens on entities avoiding tax with ‘farm income’ claim
    Posted Date : 03-Oct-2016 , 10:08:33 pm | Posted By CASANSAAR

    The comptroller and auditor general has initiated an audit of entities claiming tax exemption on agricultural income amid suggestions from some political parties and income tax authorities that a blanket exemption be done away with and tax be levied after a threshold. The auditor has written to t...

    Continue Reading... Category : Income Tax | Comments : 0 | Hits : 341

  • CBDT committed to Strict Confidentiality under Income Declaration Scheme: 2016
    Posted Date : 03-Oct-2016 , 07:53:20 pm | Posted By CASANSAAR

    While announcing the results of the Income Declaration Scheme 2016 on 1st October, 2016 at a press conference in Delhi, the Honourable Finance Minister Shri Arun Jaitley stressed that no break-up of these declarations on the basis of trades/cities/states shall be released in order to ensure absolute...

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  • Kareena Kapoor Khan's income tax account hacked, returns filed
    Posted Date : 03-Oct-2016 , 12:52:09 pm | Posted By CASANSAAR

    Bollywood actor Kareena Kapoor Khan on Friday filed a complaint against an unidentified person for allegedly hacking into her Income Tax account and filing a false return claim. The cyber police station in BKC has registered a case and a probe is on to identify and trace the accused. Police so...

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  • IDS - 64,275 declarants disclose Rs 65,250 cr black money - FM
    Posted Date : 01-Oct-2016 , 10:36:41 pm | Posted By CASANSAAR

     In the biggest ever blackmoney disclosure, at least Rs 65,250 crore of undisclosed assets were declared in the one-time compliance window, yielding Rs 29,362 crore in taxes to the government. While the blackmoney declarations will go up once all the online and manual filings of undisclosed ...

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  • Govt forms panel to examine issues related to Audit Firms
    Posted Date : 01-Oct-2016 , 07:38:14 am | Posted By CASANSAAR

    The government on Friday set up a three-member expert panel, headed by The Energy and Resources Institute (Teri) chairman Ashok Chawla, to examine various issues related to audit firms, including possible adverse impact from restrictive shareholder agreements. Reserve Bank of India (RBI) deputy g...

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  • IDS - Rs 65,000 Cr and counting
    Posted Date : 01-Oct-2016 , 07:34:39 am | Posted By CASANSAAR

    The Capital’s tallest building, the 28-storey Civic Centre near the New Delhi Railway Station, is hardly a hub of action on a weekend night. But September 30 was not like any other Friday evening. It was the last day of the government’s Income Declaration Scheme (IDS). And hours before t...

    Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1080

  • CBDT notifies 7 districts of Andhra Pradesh for availing tax incentives under the Income-tax Act.
    Posted Date : 30-Sep-2016 , 10:38:03 pm | Posted By CASANSAAR

    Under the Andhra Pradesh Re-organisation Act, 2014 the Government of India is extending special assistance to four districts of Rayalseema and three districts of North coastal Region of Andhra Pradesh. To further boost the industrial activities, the CBDT has notified these seven districts for a...

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  • GST Council agrees on 5 areas; differ over 1st meet decision
    Posted Date : 30-Sep-2016 , 10:37:31 pm | Posted By CASANSAAR

    In signs of fracture, the Centre and states today disagreed on decisions reached at the first meeting of the GST Council on service tax assessment although they reached a consensus on area based exemption in the new tax regime.  The second meeting of the all-powerful GST Council, headed by F...

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  • Clarification on the difference in requirements relating to auditor’s rotation under SQC 1 vis-à-vis Companies Act, 2013 - ICAI
    Posted Date : 30-Sep-2016 , 03:40:23 pm | Posted By CASANSAAR

    1. The Council of the Institute of Chartered Accountants of India (ICAI), at its 359th meeting held on September 16-17, 2016 considered an issue regarding the difference in requirements relating to the auditor’s rotation under the SQC 1, “Quality Control for Firms that Perform Audits and...

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  • Check Online ICAI Membership Fees Payment Status
    Posted Date : 30-Sep-2016 , 03:08:14 pm | Posted By CASANSAAR

    Last Date for payment of Membership fees are 30th September 2016. Following is the link where you can check whether your fees are paid or still pending http://112.133.194.253/reprintletter/memberp.aspx Please pay Membership and COP fee before 30th September, 2016 in order to...

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  • GST Council to meet today to discuss rules, exemptions
    Posted Date : 30-Sep-2016 , 03:06:58 pm | Posted By CASANSAAR

    GST Council at its meeting today will finalise the rules regarding registration, refunds and payment and also take a view on exemption of goods under the upcoming Goods and Services Tax (GST) regime.  To be chaired by Union Finance Minister Arun Jaitley, the Council will also deliberate on a...

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  • Banks can publish photos of declared wilful defaulters only - RBI
    Posted Date : 30-Sep-2016 , 03:06:25 pm | Posted By CASANSAAR

    RBI on Thursday said lenders can publish photographs of only those borrowers in newspapers who have been declared wilful defaulters as per the central bank’s guidelines. While asking the banks not to indiscriminately publish photographs of defaulters and guarantors in newspapers, it directe...

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  • Project Saksham gets Rs.2256 Cr. Govt nod for easy GST roll-out
    Posted Date : 30-Sep-2016 , 03:06:03 pm | Posted By CASANSAAR

    Project Saksham, a new indirect tax network of the Central Board of Excise and Customs (CBEC), has been approved by the Cabinet Committee on Economic Affairs (CCEA) on Wednesday. The total cost of the project is estimated to be Rs 2,256 crore, which will be incurred over seven years. This would h...

    Continue Reading... Category : GST | Comments : 0 | Hits : 499

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