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Posted Date : 29-Dec-2015 , 10:50:42 am | Posted By CASANSAAR
ICAI Elections 2015 - Updates on Counting of Votes (EASTERN REGION) EIRC Ballot Box opening is going on. ...
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Posted Date : 29-Dec-2015 , 08:19:03 am | Posted By CASANSAAR
The threshold of Rs 1 crore for reporting any suspected corporate fraud brings in clarity for auditors but might prove to be less for very large corporates, apex body of chartered accountants ICAI said. Earlier this month, the Corporate Affairs Ministry said that auditors are required to re...
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Posted Date : 29-Dec-2015 , 08:10:39 am | Posted By CASANSAAR
Banks may soon be asked to provide – set aside funds – for potential non-performing assets (NPAs) and weak assets, sources aware of the development said. Sources said that banks could be asked to provide for potential weak assets which, although require standard asset provisioning as ...
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Posted Date : 28-Dec-2015 , 09:52:13 pm | Posted By CASANSAAR
ICAI Election 2015 - List of Final 6 Central Council Members Elected from SIRC. 1. DEVARAJA REDDY M. 2. VIJAY KUMAR M P. 3. MADHUKAR NARAYAN. 4. BABU ABRAHAM K. 5. SRIPRIYA K 6. SEKAR G CASANSAAR Congrates all and All the Best to them. www.casansaar.com...
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Posted Date : 28-Dec-2015 , 09:20:42 pm | Posted By CASANSAAR
The government on Monday decided that consumers with taxable income above Rs 10 lakh per year will not get LPG subsidy from January 2016. The benefit of the LPG subsidy will not be available for LPG consumers if the consumer or his/her spouse had taxable income of more than Rs 10 lakh during th...
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Posted Date : 28-Dec-2015 , 05:47:33 pm | Posted By CASANSAAR
ICAI Elections 2015 - Counting Updates of Central Council - SIRC CC - Position after 16th Elimination of Suresh PR 6 DEVARAJA REDDY M- 2961 22 VIJAY KUMAR M P- 2961 9 MADHUKAR NARAYAN- 2918 3 BABU ABRAHAM K- 2812 18 SRIPRIYA K- 2506 17 SEKAR G- 2473 14...
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Posted Date : 28-Dec-2015 , 08:10:21 am | Posted By CASANSAAR
Over 9,500 complaints of deficient services by nationalised and private sector banks are pending with banking ombudsmen, the Reserve Bank of India (RBI) has said. The revised Banking Ombudsman scheme 2006 allows a customer to seek redress of complaints against banks relating to credit cards and h...
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Posted Date : 27-Dec-2015 , 07:30:54 pm | Posted By CASANSAAR
Deloitte, KPMG, PWC and four others have been empanelled by the Reserve Bank of India (RBI) for conducting audit of information systems of the central bank. The other agencies are, AAA Technologies, Auditime, Digital Age Strategies and Mahindra SSG. "With reference to ...
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Posted Date : 27-Dec-2015 , 04:07:24 pm | Posted By CASANSAAR
ICAI Elections 2015 - Updates on Counting of Votes (SOUTHERN REGION) (WESTERN REGION Counting are over and now Turn for SOUTHERN REGION) All 139 booths are tallied and announced by returning officer. These numbers are subject to final consolidation and also subject to verification of invalid b...
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Posted Date : 26-Dec-2015 , 06:55:33 am | Posted By CASANSAAR
ICICI Bank on Wednesday tied up with railway's e-ticketing platform IRCTC to sell rail tickets through its website. The largest private sector lender will soon introduce the facility to book rail tickets on its mobile banking application and prepaid digital wallet, it said in a statement. ...
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Posted Date : 26-Dec-2015 , 06:36:02 am | Posted By CASANSAAR
ICAI ELECTION 2015 - COUNTING UPDATES FOR REGIONAL COUNCIL - WIRC Position After elimination of candidate No.47 VAIDYA AMBARISH ASHOK- (PUNE) - Main Parcel Only Postion NAME OF CANDIDATE Total Rank ...
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Posted Date : 24-Dec-2015 , 07:41:28 pm | Posted By CASANSAAR
The Reserve Bank of India expressed concern over high corporate leverage as bad loans from the country’s top corporations increased sharply between March and September, 2015. “Corporate sector vulnerabilities and the impact of their weak balance sheets on the financial system need c...
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Posted Date : 24-Dec-2015 , 03:04:28 pm | Posted By CASANSAAR
In an attempt to bring authenticity to e-mail based communication to taxpayers, the Finance Ministry has asked Income Tax department officials to mandatorily mention their email and official phone numbers in such letters and notices. An official order, accessed by PTI, in this regard was issu...
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Posted Date : 24-Dec-2015 , 08:30:37 am | Posted By CASANSAAR
In a landmark verdict that will benefit thousands of land owners in Delhi, the high court on Wednesday allowed registration of properties even if valued below the minimum circle rate of the area. A bench of chief justice G Rohini and justice R S Endlaw relied on provisions of the Indian Stamp Act...
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Posted Date : 24-Dec-2015 , 08:09:25 am | Posted By CASANSAAR
To end uncertainty over applicability of Minimum Alternate Tax (MAT) on foreign institutional investors (FIIs) and foreign companies, the Central Board of Direct Taxes (CBDT) on Wednesday asked its field officers to complete the pending assessments in light of the directions issued regarding inappli...
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Posted Date : 23-Dec-2015 , 11:11:09 pm | Posted By CASANSAAR
ICAI ELECTION 2015 - COUNTING UPDATES FOR CENTRAL COUNCIL - WIRC Position after Elimination ...
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Posted Date : 23-Dec-2015 , 11:07:30 pm | Posted By CASANSAAR
ICAI Election 2015 - List of Final 11 Central Council Members Elected from WIRC. 1. S B Zaware 2. Nilesh Vikamsey 3. Dhinal Shah 4. NC Hegade 5. Jay Chaiira 6. Mangesh Kinare 7. Tarun Ghia 8. Nihar Jambusaria 9. Prafulla Chajed 10. Dhiraj Khandelwal 11. Anil Bhandari CASANSAAR Congra...
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Posted Date : 23-Dec-2015 , 09:51:44 pm | Posted By CASANSAAR
Reserve Bank on Wednesday extended the deadline for exchanging pre-2005 currency notes of various denominations, including Rs 500 and Rs 1,000, by another six months to June 30, 2016. The Reserve Bank had, in June 2015, set the last date for public to exchange pre-2005 banknotes notes...
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Posted Date : 23-Dec-2015 , 08:08:19 pm | Posted By CASANSAAR
The Finance Act, 2015 has amended, with effect from 01.04.2016, the provisions of Income-tax Act relating to determination of residence of a company. In accordance with the amended provisions a company would be said to be resident in India in any previous year, if it is an Indian company or it...
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Posted Date : 23-Dec-2015 , 07:57:41 pm | Posted By CASANSAAR
ICAI Election 2015 - Revised Schedule of Counting of Votes Sl. No. Name of the Constituency and Regional Council Revised estimated date on which counting will be taken up 1. Southern India Regional Constituency and Southern India Regional Council. ...
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Posted Date : 23-Dec-2015 , 04:18:35 pm | Posted By CASANSAAR
ICAI ELECTIONS 2015 - WIRC COUNTING UPDATE. Sitting Central Council Member CA.JOSHI SHRINIWAS YESHWANT has lost the Central Council Election and couldnt make it again to the Central Council. www.casansaar.com...
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Posted Date : 23-Dec-2015 , 08:11:03 am | Posted By CASANSAAR
The Income Tax department will implement 'Project Insight' from next year which will monitor high value transactions, with a view to curbing the circulation of black money, the Finance Ministry said today. 'Project Insight' has been initiated by the Department f...
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Posted Date : 23-Dec-2015 , 07:59:45 am | Posted By CASANSAAR
The Reserve Bank of India on Tuesday said it has created a dedicated helpline (helpstartup@rbi.org.in) for start-ups in India in order to offer guidance/assistance for undertaking cross-border transactions within the ambit of the regulatory framework. While seeking guidance, the enter...
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Posted Date : 22-Dec-2015 , 08:51:30 pm | Posted By CASANSAAR
The government has collected Rs. 329.6 crore in a month’s time from the 0.5 per cent Swachh Bharat cess which is imposed on all taxable services, the Parliament was informed on Tuesday. “The provisional figures of Swachh Bharat cess collected till December 16, 2015, is about Rs. 329...
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Posted Date : 22-Dec-2015 , 05:41:31 am | Posted By CASANSAAR
Auditors are now required to report any suspected corporate fraud amounting Rs 1 crore or more to the central government, as stringent measures are being put in place to curb misdoings. Under the Companies Act, 2013, auditors are required to report to the government when they come across instan...
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Posted Date : 21-Dec-2015 , 10:26:18 pm | Posted By CASANSAAR
ICAI ELECTION 2015 - Counting Updates The Tray distribution for Central Council & Regional Council has begun. WIRC UPDATE Candidates at Sr. No.29, 17, 33, 34, 05, 30 (i.e. Purushotaam Khandalelwal, Manish Gadhia, Kedar Mehendale, Satyanarayan Mundada, Pradeep Agrawal, Vik...
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Posted Date : 21-Dec-2015 , 07:59:28 am | Posted By CASANSAAR
The Central Vigilance Commission has asked public sector banks to put in place a system to check the rising instances of fake Chartered Accountant certificates being submitted by borrowers to get loans. While studying banks’ lending process, the Commission stumbled on instances of loans bei...
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Posted Date : 20-Dec-2015 , 03:50:30 pm | Posted By CASANSAAR
Over 27 lakh new assessees from across the country have been brought under the tax net by the Income Tax department as part of its ambitious drive to bring one crore fresh taxpayers within its ambit this financial year. Top sources in the Finance Ministry, quoting official data, said the ma...
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Posted Date : 19-Dec-2015 , 01:15:44 pm | Posted By CASANSAAR
Indicating that the Goods and Services Tax (GST) Bill may not go through in the current session of Parliament, Finance Minister Arun Jaitley today said the Bill was being delayed for “collateral reasons”. However, the Minister added that the government will push for other reform b...
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Posted Date : 18-Dec-2015 , 07:30:10 pm | Posted By CASANSAAR
The major highlights of the achievements of the Ministry of corporate Affairs in the current fiscal year is as follows: The Companies (Amendment) Act, 2015 [21 of 2015] has been published in the Gazette on 26th May, 2015, and is also available on the Ministry’s website....
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- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
Professional News For CA,CS,CMA.Fresh Accounting News Articles On Income Tax,Service Tax,Sales Tax, Vat,Company Law,RBI,CAG,Custom,Excise On CASANSAAR
