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Posted Date : 19-Nov-2015 , 07:30:15 am | Posted By CASANSAAR
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 226th meeting held on 30th October 2015, the Government has approved 6 (six) proposals of Foreign Direct Investment (FDI) amounting to Rs. 1810.25 crore. The following 6 (six) proposals have bee...
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Posted Date : 18-Nov-2015 , 08:30:19 am | Posted By CASANSAAR
Taxpayers facing "high-pitched" assessments or unfair scrutiny by the Income Tax Department can now attempt to get their grievances redressed in a short time before undertaking the arduous litigation route of courts or other appellate mechanisms. In a maiden initiative...
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Posted Date : 17-Nov-2015 , 08:46:05 am | Posted By CASANSAAR
The investigation wing of Income Tax(IT) department is sharpening its strategies to make search and survey procedures more effective, an official said. "We are sharpening our strategies to such an extent that non-compliance with the taxation provisions by individuals and companies do not g...
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Posted Date : 17-Nov-2015 , 08:29:18 am | Posted By CASANSAAR
The Central Government has notified the Schedule of revised All Industry Rates of Duty Drawback effective from 23rd November, 2015. These revised rates are based on average incidence of Customs and Central Excise Duties and Service Tax related with the manufacture of export goods and involv...
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Posted Date : 17-Nov-2015 , 08:26:46 am | Posted By CASANSAAR
Finance Minister Arun Jaitley today said the government would make all efforts to persuade the opposition for the passage of Constitution amendment bill for implementation of GST in the winter session. "The process of economic reforms is a continuing one, no reform legislation is stopped in ...
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Posted Date : 16-Nov-2015 , 07:40:10 am | Posted By CASANSAAR
The income tax department has started investigating the 2,627 people who are directors on board of more than 20 companies, and were flagged by the ministry of corporate affairs as violators of the Companies Act 2013. The corporate affairs ministry had shared the details regarding these individual...
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Posted Date : 16-Nov-2015 , 07:27:55 am | Posted By CASANSAAR
Reschedulement of Paper 8 Indirect Taxes of Final exam scheduled on 16th November 2015 to 26th November 2015, in select cities of Tamil Nadu and Andhra Pradesh only...
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Posted Date : 15-Nov-2015 , 09:10:51 am | Posted By CASANSAAR
W.e.f. November 15, 2015, PAN & TAN application fees have been revised as under: 1.For dispatch of PAN card in India:- Rs. 107 (inclusive of service tax). 2.For dispatch of PAN card outside India: – Rs. 989 (inclusive of service tax). 3.For TAN applications:- Rs. 63 (inclusive of ...
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Posted Date : 15-Nov-2015 , 09:08:34 am | Posted By CASANSAAR
The income-tax department is developing a mobile app which can be used by users for filing their tax returns, a top finance ministry official said on Saturday. “We are developing a mobile app which can be used by users for filing their income tax returns. There are some security related i...
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Posted Date : 14-Nov-2015 , 07:45:05 am | Posted By CASANSAAR
A jury in King County Superior Court has found the firm of Ernst & Young negligent and liable for half of more than $20 million lost by a Washington state investment company in the wake of Bernie Madoff's multi-decade investment scam. Friday's verdict pins responsibility o...
Continue Reading... Category : Auditing | Comments : 1 | Hits : 951
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Posted Date : 13-Nov-2015 , 10:49:43 pm | Posted By CASANSAAR
12th November, 2015 IMPORTANT ANNOUNCEMENT Postponement of Information System Audit (Assessment Test) scheduled for 26th December 2015 to 23rd January 2016 It is hereby informed that due to unavoidable circumstances the Information System Audit (Assessment Test) scheduled for 26th December 2...
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Posted Date : 13-Nov-2015 , 10:04:00 pm | Posted By CASANSAAR
A Governing Council headed by Finance Minister Arun Jaitley will oversee the activities of the National Investment and Infrastructure Fund (NIIF), authorities said on Friday. The union cabinet had in July approved the creation of the NIIF with a corpus of Rs.20,000 crore for developme...
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Posted Date : 13-Nov-2015 , 10:00:31 pm | Posted By CASANSAAR
The Income Tax Department will be setting-up a 'Taxpayers' Lounge' at the India International Trade Fair (IITF) - 2015 at Pragati Maidan, in national capital from 14th to 27th November, 2015. The theme of the Taxpayers' Lounge this year would follow the theme of IITF 2015 i....
Continue Reading... Category : CBDT | Comments : 0 | Hits : 303
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Posted Date : 13-Nov-2015 , 09:15:58 am | Posted By CASANSAAR
The government on Thursday clarified the Swachh Bharat cess of 0.5% would be levied in the same proportion as the overall service tax, clearing the mounting confusion over the levy to be introduced from November 15. There are many services where full 14 per cent rate does not apply and are subjec...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 1307
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Posted Date : 13-Nov-2015 , 09:12:34 am | Posted By CASANSAAR
The government has extended the benefits enjoyed by individual NRI investors to companies, trusts and other incorporated entities owned by nonresident Indians (NRIs) as part of the liberalised FDI norms announced on Tuesday. Giving more flexibility to NRIs to decide the ...
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Posted Date : 13-Nov-2015 , 08:58:21 am | Posted By CASANSAAR
Swachh Bharat Cess will come into effect from 15th November 2015, at the rate of 0.5% on all services, which are presently liable to service tax. This will translate into a tax of 50 paisa only on every one hundred rupees worth of taxable services. The proceeds from this cess will be used for financ...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 715
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Posted Date : 13-Nov-2015 , 08:46:53 am | Posted By CASANSAAR
Reserve Bank of India’s employees have proposed one-day mass leave on November 19 to protest what they termed as the government’s intention to curb the apex bank’s activity and intervening into monetary policies. The United Forum of Reserve Bank Officers and Employees, the umb...
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Posted Date : 11-Nov-2015 , 09:40:47 am | Posted By CASANSAAR
Outlining the schedule of various activities after the public issues has closed, securities regulator SEBI said that stock exchanges would allow a bid to be modified only until 1 pm the on the day after the issue has closed (date of issue close is called 'T'). However, modification woul...
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Posted Date : 11-Nov-2015 , 09:36:07 am | Posted By CASANSAAR
In a bid to tackle high-pitched and unreasonable tax assessment orders, which result in heavy income tax (I-T) demands, the Central Board of Direct Taxes (CBDT) issued a notification on Monday requiring setting up of local grievance committees across I-T offices in India. The CBDT, in its n...
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Posted Date : 11-Nov-2015 , 09:32:43 am | Posted By CASANSAAR
Seeking to fast-track service tax refund to exporters, the Central Board of Excise and Customs (CBEC) on Tuesday fixed a timeline for 80% payment of the total amount claimed. "On the receipt of the document... in respect of the pending case, the jurisdictional deputy/assistant co...
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Posted Date : 11-Nov-2015 , 09:25:10 am | Posted By CASANSAAR
Come November 12, you can book a railway ticket online 30 minutes prior to the departure of a train. In a passenger-friendly move, Railways has also made changes in its system of preparation of chart, which would now be prepared twice. First reservation chart would be prepared four hours...
Continue Reading... Category : General | Comments : 0 | Hits : 1011
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Posted Date : 11-Nov-2015 , 09:19:41 am | Posted By CASANSAAR
The Government has liberalised Foreign Direct Investment, FDI norms in 15 major sectors of the economy to further boost the investment environment and to bring in more foreign investment in the country. These sectors include mining, civil aviation, defence, broadcasting, construction, manufacturi...
Continue Reading... Category : International Business | Comments : 0 | Hits : 313
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Posted Date : 10-Nov-2015 , 11:06:59 am | Posted By CASANSAAR
The Department of Telecom (DoT) has come out with a tender to select CA firms to conduct special audit of mobile operators from 2008 onwards. According to an official, the last date to apply is November 24 and the selection of the firm is likely to be completed in two months. "It will tak...
Continue Reading... Category : CA Firms | Comments : 0 | Hits : 1588
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Posted Date : 10-Nov-2015 , 09:09:48 am | Posted By CASANSAAR
Market regulator SEBI on Wednesday said companies need to make disclosures to stock exchanges within 48 hours about the number of shareholders attending its annual general or special meeting as well as the mode of voting in the prescribed format. Effective from December 1 this year, the...
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Posted Date : 10-Nov-2015 , 09:02:37 am | Posted By CASANSAAR
Excise duty rises on oil, along with a couple of other measures, pushed up indirect tax collection by 36.8 per cent to Rs 58,691 crore in October and 35.9 per cent to Rs 3.82 lakh crore in the first seven months (April to October) of the current financial year, official data showed on Monday. How...
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Posted Date : 10-Nov-2015 , 08:20:00 am | Posted By CASANSAAR
Based on the recommendations of Foreign Investment Promotion Board(FIPB) in its Meeting held on 19.10.2015, the Government of India has approved four (04) proposals of Foreign Direct Investment (FDI) amounting to Rs. 384.45 crore. ...
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Posted Date : 08-Nov-2015 , 11:16:48 pm | Posted By CASANSAAR
As some of the State Cooperative Banks and DCCBs have requested for permission to offer Internet Banking facility, RBI has decided to allow StCBs and DCCBs to extend the facility of internet banking to their customers. So far these were not allowed to provide internet banking facilities to their cus...
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Posted Date : 08-Nov-2015 , 11:10:53 pm | Posted By CASANSAAR
The Income Tax Department has launched its official account on micro-blogging site Twitter with the handle "incometaxindia". CASANSAAR already on Twitter with the handle "casansaar" The first tweet of the income tax department read: "Follow us to stay updated on the lat...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 428
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Posted Date : 08-Nov-2015 , 11:03:57 pm | Posted By CASANSAAR
To ring-fence the capital markets from any possible systemic issues and manipulations, regulator Sebi and the stock exchanges have beefed up their surveillance and risk management systems to tackle expected volatility in markets due to trouncing of BJP-led alliance in Bihar polls. The Biha...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 281
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Posted Date : 08-Nov-2015 , 02:35:06 pm | Posted By CASANSAAR
Check your Polling Booth Detail for ICAI Election - Northern Region. Click on the link & Enter your Membership No. (MRN) without useing zero before that. i.e. if your Membership no. is 2134 then dont use 002134, only enter 2134 or if your Membership no. is 98765 the...
Continue Reading... Category : ICAI Election | Comments : 0 | Hits : 2431
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- 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
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- Maha expects Rs 15 crore entertainment tax revenue from IPL
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- 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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