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Posted Date : 07-Nov-2015 , 09:01:37 am | Posted By CASANSAAR
Draft Interpretation published by the IFRS Interpretations Committee for comment only. Comments on the Draft Interpretation need to be received by December 21, 2015. The International Accounting Standards Board’s IFRS Interpretations Committee (‘Interpretations Committee’)...
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Posted Date : 07-Nov-2015 , 08:58:46 am | Posted By CASANSAAR
Draft Interpretation published by the IFRS Interpretations Committee for comment only. Comments on the Draft Interpretation need to be received by December 21, 2015. The International Accounting Standards Board’s IFRS Interpretations Committee (‘Interpretations Committee’)...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 355
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Posted Date : 07-Nov-2015 , 08:55:02 am | Posted By CASANSAAR
Swachh Bharat Cess is not another tax but a step towards involving each and every citizen in making contribution to Swachh Bharat. In this direction, the Government has decided to impose, with effect from 15th November 2015, a Swachh Brarat Cess at the rate of 0.5% on all services, which are present...
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Posted Date : 07-Nov-2015 , 08:48:57 am | Posted By CASANSAAR
Prime Minister Narendra Modi on Friday said the Income Tax Department will introduce a system of online scrutiny of returns and modify the performance appraisal pro forma of officials with a view to motivating them to pass correct orders and also check corruption. Stating that the government is t...
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Posted Date : 06-Nov-2015 , 08:52:50 am | Posted By CASANSAAR
The Prime Minister, Shri Narendra Modi, launched three gold related schemes at a function here today. The schemes are – Gold Monetization Scheme, Sovereign Gold Bond Scheme, and India Gold Coins. On the occasion, the Prime Minister Shri Narendra Modi described the schemes as ...
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Posted Date : 06-Nov-2015 , 08:50:28 am | Posted By CASANSAAR
The Reserve Bank has imposed Rs 1 crore penalty on Dhanlaxmi Bank for violation of Know Your Customer (KYC) and Anti Money Laundering (AML) norms. It had issued a Show Cause Notice to the bank for not complying with KYC and AML guidelines “in respect of a current account under investigati...
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Posted Date : 05-Nov-2015 , 08:34:26 am | Posted By CASANSAAR
Reserve Bank of India on Wednesday said multiple joint holders and nominees (of first holder) are permitted under the Sovereign Gold Bonds, 2015-16, scheme. In its operational guidelines for the Bonds, the RBI said necessary details in this regard should be obtained by sched...
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Posted Date : 05-Nov-2015 , 08:33:16 am | Posted By CASANSAAR
The chief financial officer of a BSE-listed infrastructure company recently quit his job within months of joining, fearing he could be prosecuted because his employer — part of a group that has half a dozen other listed firms —was fabricating its accounts. "They literally m...
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Posted Date : 05-Nov-2015 , 08:28:05 am | Posted By CASANSAAR
The government in the next few days will come out with a list of exemptions that would go as part of the plan to gradually reduce corporate tax to 25%, the first tranche of which will be announced in the Budget in February, Finance Minister Arun Jaitley said on Wednesday. Th...
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Posted Date : 05-Nov-2015 , 08:15:15 am | Posted By CASANSAAR
Capital markets regulator Sebi on Wednesday asked listed firms to make disclosure, within 48 hours of the board meeting, about the number of shareholders who attended such meeting and mode of voting within the prescribed format. The new norms will come into force with effect from December 1. In...
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Posted Date : 05-Nov-2015 , 08:10:53 am | Posted By CASANSAAR
Following is the Summary of the Recommendations of the Bankruptcy Law Reforms Committee (BLRC) The Report of the BLRC is in two parts: Rationale and Design/Recommendations; A comprehensive draft Insolvency and Bankruptcy Bill covering all entities. The draft Bill ...
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Posted Date : 04-Nov-2015 , 08:58:50 am | Posted By CASANSAAR
Accepting the Supreme Court’s stance, the Central Board of Direct Taxes (CBDT) has clarified that interest earned by banks on investments in “non-SLR” securities will be taxed only as “business income”, not as “income from other sources”. The fallout of...
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Posted Date : 04-Nov-2015 , 08:44:07 am | Posted By CASANSAAR
The Prime Minister Shri Narendra Modi will launch the four mega Gold related Schemes i.e. Gold Monetisation Scheme (GMS), Gold Sovereign Bond Scheme, Gold Coin Scheme and the Gold Bullion Scheme on Thursday, 5th November, 2015 in the national capital. The salient features of each of the afor...
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Posted Date : 04-Nov-2015 , 08:37:16 am | Posted By CASANSAAR
Among others Special Investigation Team (SIT) calls for greater vigilance by law enforcement and intelligence agencies while examining the cases of persons holding Directorship in more than 20 Companies and where more than 20 companies are operating from the same address The Speci...
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Posted Date : 04-Nov-2015 , 08:23:18 am | Posted By CASANSAAR
The Finance Ministry has appointed chief executives in four public sector banks (PSBs) — Andhra Bank, Indian Bank, Corporation Bank, and UCO Bank. Earlier in mid-August, private sector bankers were appointed to head five PSBs — Bank of Baroda, Bank of India, Punjab National Bank, Ca...
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Posted Date : 03-Nov-2015 , 09:19:38 pm | Posted By CASANSAAR
The Income Tax department on Tuesday issued an advisory asking taxpayers not to share their personal financial details over email or phone and urged them to register a complaint in case they face such malicious attempt. The advisory has come at a time when income tax returns (ITRs) fi...
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Posted Date : 03-Nov-2015 , 08:18:47 am | Posted By CASANSAAR
The Reserve Bank has appointed Deepak Singhal as Executive Director with effect from Monday. "Deepak Singhal has taken over as the new Executive Director at the Reserve Bank of India today, November 2, 2015," RBI said in a communication. Prior to this, Mr Singhal was the Regional Dir...
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Posted Date : 03-Nov-2015 , 08:12:41 am | Posted By CASANSAAR
The chief vigilance commissioner (CVC) has written to the finance ministry, asking whether vigilance clearance was granted to Prashant Saran, the whole-time member of the Securities and Exchange Board of India (Sebi). The said query was on the period when the member’s tenure came up for renewa...
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Posted Date : 03-Nov-2015 , 08:07:19 am | Posted By CASANSAAR
With concerns related to privacy and security threatening the very existence of the Aadhaar project, the Unique Identification Authority of India (UIDAI) has employed the services of an external agency to carry out periodic audits of Aadhaar's infrastructure as well as that of its partners for a...
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Posted Date : 03-Nov-2015 , 07:56:24 am | Posted By CASANSAAR
Finance Minister Arun Jaitley today said tax evasion and money laundering will become “extremely difficult” in the next 1-2 years, with real-time global automatic exchange of information system coming into effect. “I am quite certain that the activity is going on in ...
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Posted Date : 02-Nov-2015 , 10:51:18 am | Posted By CASANSAAR
Respected Professional Collegues, Plz find below Election Manifesto of CA.KHURANA VIVEK (Founder of www.casansaar.com) who are contesting for NIRC Election of ICAI to be held on 4th -5th December 2015. His NIRC Ballot No. is 40, We seeks your Vote, Support & Blessings for Him.  ...
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Posted Date : 02-Nov-2015 , 09:14:53 am | Posted By CASANSAAR
The Union Commerce Ministry has reportedly requested the Enforcement Directorate (ED) and the Reserve Bank of India (RBI) to examine whether e-commerce firms like Flipkart, Amazon and Snapdeal have violated foreign direct investment (FDI) rules by engaging in business-to-consumers (B2C) activity. ...
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Posted Date : 02-Nov-2015 , 09:12:29 am | Posted By CASANSAAR
Economic Affairs Secretary Shaktikanta Das has joined the board of capital market regulator Sebi (Securities and Exchange Board of India). Mr Das has replaced Manoj Joshi as nominee of the Finance Ministry on the Sebi board. Mr Joshi is currently Joint Secretary (Capital Markets) in the ministr...
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Posted Date : 31-Oct-2015 , 10:50:18 am | Posted By CASANSAAR
The next elections to the Council and Regional Councils of the Institute will be held on 4th and 5th December, 2015 at Ahmedabad, Bangalore, Chennai, Delhi/New Delhi, Gurgaon, Hyderabad, Jaipur, Kolkata, Mumbai, Pune, Surat and Thane and on 5th December, 2015 at all other places where polling booths...
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Posted Date : 30-Oct-2015 , 10:48:02 pm | Posted By CASANSAAR
The Sovereign Gold Bonds will offer an interest rate of 2.75 per cent and will remain open for public subscription between November 5-20, Finance Ministry said on Friday. Aimed at providing an alternative to buying physical gold, the gold bond scheme will offer investors a choice to buy bonds w...
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Posted Date : 30-Oct-2015 , 10:36:03 pm | Posted By CASANSAAR
Supreme Court on Friday agreed to hear a Public Interest Litigation (PIL) seeking direction to ban websites displaying jokes on Sardars and projecting them in a poor light. “This (Sikh) community is known for great sense of humour and they also enjoy such jokes. You must have gone through...
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Posted Date : 30-Oct-2015 , 01:43:22 pm | Posted By CASANSAAR
In continues to our social and unique services to members of CASANSAAR, we have organized a Inner Healing Meditation Programme in Gurgaon on 28th October 2015. This Programme was conducted and instructed by Acharya Manmohan Ji. The core objective of this Programme of stress management and finding th...
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Posted Date : 30-Oct-2015 , 08:30:42 am | Posted By CASANSAAR
The Reserve Bank today said it would not grant fresh or renewed permission to any foreign law firm to open a liaison office in the country. The Supreme Court, by its interim orders of July 4, 2012 and September 14, 2015, in the case of the Bar Council of India vs A K Balaji and Others has d...
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Posted Date : 30-Oct-2015 , 08:19:03 am | Posted By CASANSAAR
The Reserve Bank of India has recently permitted Indian corporates to issue rupee denominated bonds outside India. The matter of taxation of income from such bonds under Income-tax Act, 1961 has been considered by the Government. In so far as taxation of interest income from these ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 233
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Posted Date : 29-Oct-2015 , 09:06:49 am | Posted By CASANSAAR
Under new rules, Income Tax Department has asked its customer care centres to monitor email complaints of taxpayers about their income tax returns and other problems and diligently send them to tax officers. The new directive comes at a time when Finance Minister Arun Jaitley unveiled two ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 370
- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
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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
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
