-
Posted Date : 27-Nov-2015 , 10:39:35 am | Posted By CASANSAAR
Markets regulator the Securities and Exchange Board of India (Sebi) has directed regional commodity derivatives exchanges to submit a scheme for corporation and demutualisation for approval within a period of two years from the date of their association with Sebi, that is September 28, 2015. Followi...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 379
-
Posted Date : 27-Nov-2015 , 10:36:19 am | Posted By CASANSAAR
Heeding to industry concerns, the income tax department has decided to take a fresh look at the tax accounting standards being implemented from this fiscal, which are primarily aimed at protecting the government’s tax revenue from diverse accounting practices followed by the industry. The...
Continue Reading... Category : CBDT | Comments : 0 | Hits : 353
-
Posted Date : 27-Nov-2015 , 10:15:49 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has allowed foreign portfolio investors (FPIs) to buy bonds that are either partly or fully in default, a move that gives existing investors an exit option and boosts the fledgling distress bond market in the country. “FPIs which propose to acquire such non...
Continue Reading... Category : RBI | Comments : 0 | Hits : 348
-
Posted Date : 26-Nov-2015 , 08:07:10 am | Posted By CASANSAAR
The government will soon set up a specialised agency to investigate large corporate accounting frauds. It is keen to establish a robust mechanism for faster inquiries into scams such as the one at Satyam Computer Services, which overstated earnings for several years under a previous management. T...
Continue Reading... Category : Accounts | Comments : 0 | Hits : 857
-
Posted Date : 26-Nov-2015 , 08:01:45 am | Posted By CASANSAAR
Aimed to reduce lengthy proceedings and time taken in litigation, the Income Tax department has activated a PAN-based online system which enables the taxman to access cases in their jurisdiction on a click, amongst a building database of over 5 lakh appeals and 1.50 lakh judgements. The new fac...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 962
-
Posted Date : 26-Nov-2015 , 07:36:11 am | Posted By CASANSAAR
24 November 2015 The Institute of Chartered Accountants of India is committed to provide the best services to its members. Considering the same, the International Affairs Committee of the Institute has reactivated its logistic framework through a dedicated email foreigndesk@icai.in at ICAI HO l...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 460
-
Posted Date : 26-Nov-2015 , 07:26:56 am | Posted By CASANSAAR
In a significant ruling, the Supreme Court has allowed compact discs (CDs) to be treated as a document under the law and said that litigants should be allowed to prove or disprove such electronic proof in judicial proceedings. The apex court, without deciding on the authenticity of a CD in a case...
Continue Reading... Category : General | Comments : 0 | Hits : 454
-
Posted Date : 26-Nov-2015 , 07:25:46 am | Posted By CASANSAAR
The Reserve Bank of India, RBI has shifted the issue date of Sovereign Gold Bond by four days to 30th November to enable their smooth uploading into RBI’s e-Kuber system. The decision has been taken in view of large number of applications being received by the banks and post offices for Sovere...
Continue Reading... Category : RBI | Comments : 0 | Hits : 369
-
Posted Date : 25-Nov-2015 , 08:53:28 am | Posted By CASANSAAR
Respected Professional Colleagues, Greetings of the Day!!! With the grace of almighty God and your continuing support, I have offered my candidature for ensuing election to the NIRC and seek your kind first preference vote and support. I assure you that I would do my utmost to ach...
Continue Reading... Category : ICAI Election | Comments : 0 | Hits : 3106
-
Posted Date : 25-Nov-2015 , 08:22:13 am | Posted By CASANSAAR
The director (discipline) of the Institute of Chartered Accountants of India (ICAI), the apex body of chartered accountants, has formed a prima-facie opinion, finding the auditor of the National Spot Exchange (NSEL) guilty of professional misconduct. The matter has now been taken up by the instit...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 908
-
Posted Date : 25-Nov-2015 , 08:19:02 am | Posted By CASANSAAR
Reserve Bank of India (RBI) on Tuesday granted an "in-principle" approval to three companies to set up and operate a new Trade Receivables Discounting System (TReDS) to be formed under the Payment and Settlement System (PSS) Act 2007. A joint venture between the National Stock Exchange&...
Continue Reading... Category : RBI | Comments : 0 | Hits : 644
-
Posted Date : 25-Nov-2015 , 08:07:11 am | Posted By CASANSAAR
The Income Tax department will soon upgrade its official web portal and unveil more user-friendly features for taxpayers on the online platform. Officials said the website--www.incometaxindia.gov.in-- will host easy navigation tools for taxpayers and others so that they can easily do ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 432
-
Posted Date : 25-Nov-2015 , 07:59:10 am | Posted By CASANSAAR
The government is hopeful of rolling out the goods and services tax (GST) in 2016, Prime Minister Narendra Modi said on Tuesday, and asserted that reforms were happening in a big way and reaching the last mile. Addressing the India-Singapore Economic Convention, Modi said the government had...
Continue Reading... Category : GST | Comments : 0 | Hits : 470
-
Posted Date : 24-Nov-2015 , 08:34:40 am | Posted By CASANSAAR
The government is reaching out to parties in the opposition on the much-delayed goods and services tax — including looking at the possibility of incorporating some of the changes proposed by the Congress — as it seeks to ensure passage of the Constitution amendment b...
Continue Reading... Category : GST | Comments : 0 | Hits : 483
-
Posted Date : 24-Nov-2015 , 08:29:36 am | Posted By CASANSAAR
Finance Minister Arun Jaitley today said, the government has proactively taken measures to remove problems in stressed sectors and expressed the hope that the bad loans situation in the banking sector will improve for the better . Speaking to media after Quarterly Review Meeting of public sector ban...
Continue Reading... Category : Banking | Comments : 0 | Hits : 553
-
Posted Date : 24-Nov-2015 , 08:25:49 am | Posted By CASANSAAR
The entire IAS 39 “Financial Instruments: Recognition and Measurement”, on which AS 30 “Financial Instruments: Recognition and Measurement” was based, has been replaced by IFRS 9 “Financial Instruments”. Therefore, the Government of India opted to notify Ind AS 10...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 610
-
Posted Date : 23-Nov-2015 , 09:55:46 am | Posted By CASANSAAR
Six months after a Delhi High Court order in the matter, National Spot Exchange Limited (NSEL) investor IGL Finance has initiated contempt of court proceedings against the Institute of Chartered Accountants of India (ICAI) and its disciplinary committee for not completing the proceedings in complain...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 1014
-
Posted Date : 22-Nov-2015 , 11:04:36 pm | Posted By CASANSAAR
The Institute of Chartered Accountants of India is going to organize the Common Proficiency Test for the selection of eligible candidates to become a Chartered Accountant on Dec 13, 2015. Aspirants those who had successfully applied for the course are now searching for the admit cards. Now for all t...
Continue Reading... Category : CA CPT | Comments : 0 | Hits : 502
-
Posted Date : 22-Nov-2015 , 10:53:19 pm | Posted By CASANSAAR
ICAI Announcement In terms of the decision taken by the Council following advice received from the Income Tax Department, the Permanent Account Number (PAN) Card details of the members and firm of chartered accountants are required to be included in the Central Database of the Institute. The...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 859
-
Posted Date : 22-Nov-2015 , 10:46:44 pm | Posted By CASANSAAR
The government is looking to further simplify forms for filing income tax returns (ITR), to help taxpayers fill them without seeking help from experts, and the Revenue Department has set up a committee in this regard. The committee will be headed by a Joint Secretary level officer and would inclu...
Continue Reading... Category : ITR | Comments : 0 | Hits : 467
-
Posted Date : 22-Nov-2015 , 10:39:18 pm | Posted By CASANSAAR
The Finance Minister Arun Jaitley will Monday meet chief executives of public sector banks (PSBs) to review banks' performance during the second quarter this fiscal besides other thrust areas like credit flow and priority sector lending. This meeting - - probably for the first time--would s...
Continue Reading... Category : Banking | Comments : 0 | Hits : 337
-
Posted Date : 22-Nov-2015 , 10:05:11 pm | Posted By CASANSAAR
Election Manifesto of KHURANA VIVEK - NIRC B. NO. 40, Respected Professional Colleagues, With the grace of almighty God and your continuing support, I have offered my candidature for ensuing election to the NIRC and seek your kind first preference vote and support. I assure you that I wou...
Continue Reading... Category : ICAI Election | Comments : 0 | Hits : 769
-
Posted Date : 21-Nov-2015 , 11:47:42 am | Posted By CASANSAAR
Government has unveiled a detailed roadmap to phase out tax exemptions for the corporate sector and bring down its tax rate from 30 to 25 percent. Finance Ministry said in a release that Profit linked, investment linked and area based deductions will be phased out for both corporate and non-corporat...
Continue Reading... Category : CBDT | Comments : 0 | Hits : 263
-
Posted Date : 20-Nov-2015 , 08:40:05 am | Posted By CASANSAAR
The Reserve Bank of India RBI has thrown open the doors for mergers and acquisitions in the banking industry by signaling that it is open to persons owning more than 10 percent stake in a bank. For the first time in decades the central bank has said that it could permit promoters, or invest...
Continue Reading... Category : RBI | Comments : 0 | Hits : 441
-
Extension of last date for submission of Application Form for financial assistance from CASBF - ICAIPosted Date : 20-Nov-2015 , 08:32:05 am | Posted By CASANSAAR
The Board of Trustees of The Chartered Accountants’ Students Benevolent Fund has decided to grant financial assistance to 800 students, out of which 400 male and 400 female students, who are currently undergoing articled training in accordance with The Chartered Accountants Regulations, 1988 a...
Continue Reading... Category : CA Exams | Comments : 0 | Hits : 1001
-
Posted Date : 20-Nov-2015 , 08:27:27 am | Posted By CASANSAAR
IMPORTANT ANNOUNCEMENT November 19, 2015 Subject: Zone-shifting of candidates for 13th December - 2015 CPT Due to paucity of accommodation in certain Zones opted by the candidates in the city of Chennai and Hyderabad some of the candidates have been allotted examinations centres in the ...
Continue Reading... Category : CA Exams | Comments : 0 | Hits : 329
-
Posted Date : 20-Nov-2015 , 08:09:47 am | Posted By CASANSAAR
Recommended Date of implementation: 01.01.2016 Minimum Pay: Based on the Aykroyd formula, the minimum pay in government is recommended to be set at ₹18,000 per month. Maximum Pay: ₹2,25,000 per month for Apex Scale and ₹2,50,000 per month for Cabinet Secretary and others...
Continue Reading... Category : Finance | Comments : 0 | Hits : 585
-
Posted Date : 19-Nov-2015 , 07:53:01 am | Posted By CASANSAAR
Two employees of a chartered accountant were shot at and robbed of Rs 1 crore on the way to their office in Shastri Nagar of north Delhi on Wednesday evening. Police said CCTV footage of the area has been recovered to identify the robbers and a team has been formed to nab them. The incident was r...
Continue Reading... Category : CA | Comments : 0 | Hits : 1543
-
Posted Date : 19-Nov-2015 , 07:49:25 am | Posted By CASANSAAR
Around 17,000 employees of the Reserve Bank of India (RBI) will be on “mass casual leave” on November 19 to demand improvement in pensions and to protest against the Union Government’s move to dilute the central bank’s autonomy. The strike in the form of mass leave is th...
Continue Reading... Category : RBI | Comments : 0 | Hits : 317
-
Posted Date : 19-Nov-2015 , 07:42:03 am | Posted By CASANSAAR
THE Enforcement Directorate (ED) has summoned the chartered accountant (CA) of Bollywood actor Shah Rukh Khan after the latter failed to furnish a satisfactory reply when asked why he adopted a “wrong method” of undervaluing shares of his IPL franchise. The CA’s statement is likely...
Continue Reading... Category : International Taxation | Comments : 1 | Hits : 1595
- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
- Bank Branch Audit 2021 - Update on allotment of Branches
- Bank Branch Audit 2020 Updates
- Bank Branch Audit 2021 Updates
- Bank Branch Audit 2020 - Update on Allotment of Branches
- Police Atrocities towards CA in Faridabad - Its Time to be Unite
- Bank Branch Statutory Audit Updates 2019
- Bank Branch Statutory Audit Updates
- Bank Branch Audit 2022 Updates
- Bank Branch Statutory Audit Updates
- 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
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
