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Posted Date : 19-Oct-2015 , 08:26:18 pm | Posted By CASANSAAR
The Indian Railways Catering and Tourism Corporation (IRCTC) has launched a pilot project of a ‘station-based e-catering’ service allowing passengers to order meals as per their choice, which will be delivered at stations from popular private caterers. In the first phase of the proj...
Continue Reading... Category : General | Comments : 0 | Hits : 557
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Posted Date : 19-Oct-2015 , 08:21:25 pm | Posted By CASANSAAR
As a multi-agency probe continues in the alleged forex-based black money case involving thousands of crores of rupees, capital markets regulator Sebi and stock exchanges have now begun a scrutiny of several banks for any violation of the disclosure norms for listed firms. State-run Bank of...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 315
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Posted Date : 17-Oct-2015 , 08:40:11 pm | Posted By CASANSAAR
The SIT on black money today held a review meeting here and instructed probe agencies to step up their action against those fake firms and entities which are using banking channels to launder huge illegal funds like the recent case at a Bank of Baroda (BoB) branch in Delhi. The meeting of the Spe...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 265
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Posted Date : 16-Oct-2015 , 10:32:26 pm | Posted By CASANSAAR
ANNOUNCEMENT For attention of Members Submission of fictitious/forged documents by students and candidates for Institute’s examinations - attestation by members thereof The Institute has observed certain instances where students and candidates for Institute’s exami...
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Posted Date : 16-Oct-2015 , 07:52:23 am | Posted By CASANSAAR
The Supreme Court on Thursday permitted citizens to voluntarily use Aadhaar cards to avail benefits under the Mahatma Gandhi National Rural Employment Guarantee Scheme, along with Pradhan Mantri Jan Dhan Yojana and schemes related to pension and PF after the government promised that absence of...
Continue Reading... Category : General | Comments : 0 | Hits : 599
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Posted Date : 16-Oct-2015 , 07:27:20 am | Posted By CASANSAAR
This joined up service enables the applicant to fill a common form for 'MCA-Name, DIN and COI', 'CBDT-PAN, TAN', 'MoLE- ESIC and EPFO' services and the same is then routed sequentially to the respective department for processing. While applying for these services, eBiz refere...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 1203
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Posted Date : 15-Oct-2015 , 10:28:01 pm | Posted By CASANSAAR
The Enforcement Directorate has unearthed one more forex scam. This time it involves a total of 7 banks including Oriental Bank of Commerce , Axis Bank , ICICI , IndusInd , Kotak Mahindra , DCB , Dhanalaxmi Bank and YES Bank . The ED has arrested one Manish Jain under the P...
Continue Reading... Category : Money laundering | Comments : 0 | Hits : 1079
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Posted Date : 15-Oct-2015 , 07:55:14 am | Posted By CASANSAAR
Finance Minister Arun Jaitley has been chosen as Finance Minister of the Year, Asia by London-based publication Emerging Markets. In an article the magazine said that Mr Jaitley too deserves some recognition for India's relative economic success over the last 18 months. The Mag...
Continue Reading... Category : Finance | Comments : 0 | Hits : 482
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Posted Date : 14-Oct-2015 , 08:31:58 am | Posted By CASANSAAR
CA P S Jayakumar, the former chief executive of VBHC Value Homes, took charge as the new MD and CEO of the state-owned Bank of Baroda for three years. "Bank of Baroda has said P S Jayakumar has assumed the charge of the office of Managing Director and CEO, Bank of Baroda, on October 13...
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Posted Date : 14-Oct-2015 , 08:12:31 am | Posted By CASANSAAR
Markets regulator Sebi issued uniform listing agreement format incorporating the revised disclosure and regulatory requirements applicable for all listed entities. The format would be applicable for non-convertible debt securities, non-convertible redeemable preference shares, securitised debt in...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 434
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Posted Date : 14-Oct-2015 , 08:08:15 am | Posted By CASANSAAR
Bank of Baroda, which is in the spotlight for alleged illegal remittances of Rs 6,000 crore, has decided to appoint an external accounting firm for full review of its know your customer (KYC) compliance and its effectiveness across all branches. The bank said it is undertaking a “comprehens...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 770
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Posted Date : 14-Oct-2015 , 08:00:00 am | Posted By CASANSAAR
The government is set to unveil an ambitious PAN activity monitoring and analysis software tool that will enable Income Tax department to check transactions history of a person country-wide and help sleuths in effective tracking of black money trail. The digital and smart platform is called the I...
Continue Reading... Category : PAN | Comments : 0 | Hits : 721
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Posted Date : 13-Oct-2015 , 10:57:40 am | Posted By CASANSAAR
Software major Infosys will soon implement the central government’s ambitious project to network the country for its Goods and Services Tax (GST) collection, a senior official said on Monday. ”As the sole vendor for the five-year project, we will set up the network ac...
Continue Reading... Category : GST | Comments : 0 | Hits : 529
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Posted Date : 13-Oct-2015 , 09:03:02 am | Posted By CASANSAAR
Indian banks' capital requirement would cross the Rs 5 lakh-crore mark while meeting the global Basel III banking norms by March 2019, a study report said on Monday. "Given the credit growth expected in the short-to-medium term, the capital requirement of Indian banks would cross a huge ...
Continue Reading... Category : Banking | Comments : 0 | Hits : 365
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Posted Date : 12-Oct-2015 , 08:13:43 am | Posted By CASANSAAR
Statutory auditors play a key role in corporate governance by ensuring that financial statements reflect the true and fair view of companies. The uncovering of major corporate frauds in India and elsewhere has led to a greater scrutiny of auditors’ role as a watchdog that could prevent such fr...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 1967
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Posted Date : 11-Oct-2015 , 09:33:00 pm | Posted By CASANSAAR
The government will soon carry out reforms and changes in the income tax (IT) act to simplify its procedures, a top finance ministry official said on Saturday. According to Revenue Secretary Hasmukh Adhia, the central government will soon reveal a road map of changes to simp...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 609
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Posted Date : 11-Oct-2015 , 09:26:03 pm | Posted By CASANSAAR
As part of its latest drive to widen the tax base, the Income Tax department has asked traders and businessmen to pay advance tax rather than file annual returns at the end of the financial year so they can be added as new assesses promptly. The department is running...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 515
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Posted Date : 11-Oct-2015 , 09:21:13 pm | Posted By CASANSAAR
The Central Bureau of Investigation (CBI) on Sunday conducted searches at 50 locations and started questioning of some of the suspects in its probe into alleged black money transfer of Rs.6000 crore to Hong Kong through Bank of Baroda camouflaged as payments for “non-existent imports&rdqu...
Continue Reading... Category : Black Money | Comments : 0 | Hits : 482
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Posted Date : 11-Oct-2015 , 09:16:15 pm | Posted By CASANSAAR
With preparations for the next Union Budget picking up pace, the Finance Ministry has invited suggestions from trade and industry for changes in tax rates and broadening of base. The Budget is to be presented at the end of February by the Finance Minister. "In the context of formulating t...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 295
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Posted Date : 11-Oct-2015 , 09:13:54 pm | Posted By CASANSAAR
In the wake of recent heists from two ATMs here, the district administration today directed bank officials to appoint security guards at their ATMs otherwise branch manager will be held responsible in eventuality of any thefts in the future. District Magistrate K K Yadav said, "Under s...
Continue Reading... Category : Banking | Comments : 0 | Hits : 376
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Posted Date : 10-Oct-2015 , 08:02:47 am | Posted By CASANSAAR
The facility to view tax and computation sheet for demand raised by AO is made available to the assessee in the e-Filing portal. After Login, select e-File ‘ Response to Outstanding Tax Demand, click on download button next to demand amount to download the details pdf. In case of demand rai...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1150
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Posted Date : 09-Oct-2015 , 10:29:33 pm | Posted By CASANSAAR
The tax department has said that Goods and Services Tax (GST) can be implemented anytime in 2016, once the Bill is passed. Speaking at the 3rd CII Global Tax Summit organised in Delhi on Thursday, V S Krishnan, Member, Service Tax, CBEC, Ministry of Finance clarified that missing the 1st April 20...
Continue Reading... Category : GST | Comments : 0 | Hits : 521
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Posted Date : 09-Oct-2015 , 10:22:46 pm | Posted By CASANSAAR
Re: Valid Lists of Nominations for election to the Twenty Third Council and Twenty Second Regional Councils In pursuance of sub-rule (1) of rule 13 of the Chartered Accountants (Election to the Council) Rules, 2006 read with sub-regulation (10) of regulation 134 of the Chartered Accountants Regul...
Continue Reading... Category : ICAI Election | Comments : 0 | Hits : 1158
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Posted Date : 09-Oct-2015 , 07:27:10 am | Posted By CASANSAAR
The large taxpaying entities are part of the tax base but they understate their income, the Central Board of Direct Taxes (CBDT) Chairperson Anita Kapur said, pointing towards the findings of a recent study on Thursday at a tax conference. "National Institute of Public Finance and Policy (NI...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 548
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Posted Date : 09-Oct-2015 , 07:26:08 am | Posted By CASANSAAR
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 11th September 2015, Government has approved 11 (eleven) proposals of Foreign Direct Investment amounting to Rs. 1,567.91 crore. In addition, two proposals viz., M/s Sistema Shyam Tel...
Continue Reading... Category : International Business | Comments : 0 | Hits : 509
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Posted Date : 08-Oct-2015 , 08:58:29 pm | Posted By CASANSAAR
Leading stock exchange Bombay Stock Exchange (BSE) on Thursday said it has imposed a fine on 370 companies for not complying with Sebi norms to appoint at least one woman director on their respective boards within the prescribed timelines. The exchange had earlier issued notices to 530 companie...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 433
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Posted Date : 08-Oct-2015 , 08:49:49 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Thursday increased the amount of loan banks can give against a property purchase and also reduced the so-called risk weights attached to home loans. The decision is line with RBI’s statement on 29 September, when it reduced its key interest rate by half ...
Continue Reading... Category : RBI | Comments : 0 | Hits : 491
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Posted Date : 08-Oct-2015 , 08:46:47 pm | Posted By CASANSAAR
The Bombay High Court on Thursday ruled in favour of the Indian arm of Vodafone Group Plc in tax dispute over a Rs 8,500 crore transaction involving a local subsidiary in 2007-08. The ruling is likely to soothe nerves of foreign investors who are caught in similar “transfer pricing”...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 412
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Posted Date : 08-Oct-2015 , 08:11:07 am | Posted By CASANSAAR
A total of Rs 4,147 crore were declared in the 628 disclosures made during the 90-day black money compliance window that ended on September 30. Surprisingly, against the popular perception, professionals including Doctors, engineers and former senior managers who used to work overseas outnumber...
Continue Reading... Category : Black Money | Comments : 0 | Hits : 1657
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Posted Date : 08-Oct-2015 , 07:44:57 am | Posted By CASANSAAR
A day after Prime Minister Narendra Modi expressed the hope on a national roll-out of goods and services tax (GST) from 2016-17, the finance ministry on Wednesday released three reports on the processes for the new indirect tax regime. These suggested that the Reserve Bank of India (RBI) c...
Continue Reading... Category : RBI | Comments : 0 | Hits : 399
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- NCLT orders insolvency proceedings against Subhash Chandra
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- Payment of MCA fees –electronic mode-regarding
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- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
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