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Posted Date : 09-Sep-2015 , 06:43:26 pm | Posted By CASANSAAR
The Union Cabinet has approved the proposal to allow 100 per cent foreign direct investment (FDI) in white labelled automated teller machines (ATM) through the automatic route. The decision is likely to result in faster growth of the white labelled ATMs--set up by private non-banking entities&m...
Continue Reading... Category : International Business | Comments : 0 | Hits : 588
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Posted Date : 09-Sep-2015 , 06:40:21 pm | Posted By CASANSAAR
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for introduction of Gold Monetization Schemes (GMS), as announced in the Union Budget 2015-16. The objective of introducing the modifications in the schemes is to make the existing schemes more effe...
Continue Reading... Category : General | Comments : 0 | Hits : 661
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Posted Date : 09-Sep-2015 , 06:39:04 pm | Posted By CASANSAAR
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for introduction of the Sovereign Gold Bonds Scheme, as announced in the Union Budget 2015-16. The scheme will help in reducing the demand for physical gold by shifting a part of the estimated 300 tons of...
Continue Reading... Category : General | Comments : 0 | Hits : 640
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Posted Date : 09-Sep-2015 , 06:36:07 pm | Posted By CASANSAAR
No Extension of Date for Filing of Returns due by 30th September for Assessment Year 2015-16 for Certain Categories of Assessees Including Companies, and Firms and, Individuals Engaged in Proprietary Business/Profession etc whose Accounts are required to be Audited; Taxpayers are Advised to file the...
Continue Reading... Category : CBDT | Comments : 2 | Hits : 1562
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Posted Date : 09-Sep-2015 , 08:43:43 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) on Tuesday amended its regulations that would allow the functioning of the commodities derivatives market and its brokers under the ambit of the capital market regulator. The move comes ahead of the merger of the commodities' market regulator,...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 487
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Posted Date : 09-Sep-2015 , 08:35:13 am | Posted By CASANSAAR
Taking a tough stance against black money, the CBDT has directed the Income Tax department to mandatorily launch court cases against people found to be holding stash funds and tainted assets abroad and consider "compounding" of such offences only at a later stage. The apex policy-maki...
Continue Reading... Category : CBDT | Comments : 0 | Hits : 405
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Posted Date : 08-Sep-2015 , 08:33:40 am | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) has issued guidelines for compounding of offences under Income Tax Act, 1961/Wealth Tax Act, 1957, in cases of persons holding undisclosed foreign bank accounts/assets. The CBDT on Friday issued directions to all field formations, including principal chief co...
Continue Reading... Category : CBDT | Comments : 0 | Hits : 767
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Posted Date : 07-Sep-2015 , 07:53:45 am | Posted By CASANSAAR
To check the menace of fake Indian currency, new notes, especially the Rs.1,000 and Rs.500 denominations, will have 7 new security features and a new numbering system, official sources said on Sunday. The Reserve Bank of India subsidiary Bhartiya Note Mudran Pvt Ltd (BRBNMPL) and the state-run ...
Continue Reading... Category : RBI | Comments : 0 | Hits : 1113
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Posted Date : 06-Sep-2015 , 09:37:42 pm | Posted By CASANSAAR
The Income Tax department has brought out new guidelines to award secret informers providing actionable clue about "untraceable" assesses who owe huge taxes and money to government including in TDS and self assessment tax category. The department last week issued a set of new instructio...
Continue Reading... Category : Black Money | Comments : 0 | Hits : 1230
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Posted Date : 04-Sep-2015 , 09:06:38 am | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI) on Thursday relaxed rules for related-party transactions in a bid to bring them in line with the new Companies Act. The market regulator has amended the listing agreement norms to allow companies to approve any material related-party tra...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 796
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Posted Date : 04-Sep-2015 , 08:57:15 am | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) has considered the queries received from the public about the tax compliance provisions under Chapter-VI of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (‘Black Money Act’) and issued a Cir...
Continue Reading... Category : CBDT | Comments : 0 | Hits : 680
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Posted Date : 03-Sep-2015 , 08:42:59 am | Posted By CASANSAAR
Government has extended the due date for filing of Income Tax Return for Assessment Year 2015-16 to 7th September 2015 from 31st August 2015 for taxpayers who were required to file their tax-return by 31st July, 2015. It has been done considering hardships faced by taxpayer in E-Filing Returns ...
Continue Reading... Category : ITR | Comments : 0 | Hits : 1032
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Posted Date : 03-Sep-2015 , 08:13:09 am | Posted By CASANSAAR
The government on Wednesday said that it has notified the merger of commodities regulator Forward Market Commission with the Securities and Exchange Board of India (Sebi). Starting September 28, Sebi would also regulate commodity derivatives market. “A notification to this effect was issued...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 532
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Posted Date : 02-Sep-2015 , 09:00:38 am | Posted By CASANSAAR
CA Vivek Khurana has declared his candidature for the Regional Council Election (NIRC) of ICAI. CA Vivek Khurana, Founder of casansaar.com, a renowned website is a practicing Chartered Accountant and fellow member of ICAI. Mr. Khurana is a Partner of Khurana Vivek & Co., a leading ...
Continue Reading... Category : ICAI Election | Comments : 0 | Hits : 1044
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Posted Date : 02-Sep-2015 , 08:49:39 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) issued draft guidelines on Tuesday for its proposed plan to change how banks calculate their lending rates, which would make them more responsive to monetary policy actions but would likely be opposed by the sector. Banks currently have a good degree of freedom i...
Continue Reading... Category : RBI | Comments : 0 | Hits : 438
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Posted Date : 02-Sep-2015 , 08:43:24 am | Posted By CASANSAAR
The Controller General of Patents, Designs and Trade Marks has issued new guidelines for issuance of computer-related inventions, which could make it easier for IT companies in the country to register a patent. The guidelines, issued on August 21, allow companies to show innovation in just softwa...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 505
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Posted Date : 02-Sep-2015 , 08:38:16 am | Posted By CASANSAAR
Government accepts the Recommendation of the Justice A.P. Shah Committee to clarify the Inapplicability of MAT to FIIs/FPIs and has decided that an appropriate Amendment to the Income-Tax Act will be carried out; Final Report of the Justice A.P. Shah Committee on Direct Tax Matters Constitu...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 358
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Posted Date : 02-Sep-2015 , 08:27:39 am | Posted By CASANSAAR
Ms Anjuly Chib Duggal, IAS (PB:1981) took over as Secretary, Department of Financial Services, Ministry of Finance, Government of India here yesterday afternoon. She succeeded Dr. Hasmukh Adhia, IAS (GJ:1981) who, in turn, has taken over as Revenue Secretary in the same Ministry. Before tak...
Continue Reading... Category : Finance | Comments : 0 | Hits : 446
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Posted Date : 02-Sep-2015 , 08:24:04 am | Posted By CASANSAAR
Government of India Joins the United Nations’ Better than Cash Alliance for Digitization of Payments to Achieve Financial Inclusion and to Share Success Stories from PMJDY,The World’s Largest Financial Inclusion Programme The Government of India is joining the ...
Continue Reading... Category : Finance | Comments : 0 | Hits : 1323
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Posted Date : 02-Sep-2015 , 08:22:28 am | Posted By CASANSAAR
Dr. Hasmukh Adhia (IAS:GUJ (1981) took over as the Revenue Secretary, Ministry of Finance, Goverrnment of India here today. Earlier Dr. Adhia was holding the charge of Secretary, Department of Financial Services (DFS) in the same Ministry. Dr. Adhia had also earlier worked as the Finance Secre...
Continue Reading... Category : Finance | Comments : 0 | Hits : 330
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Posted Date : 02-Sep-2015 , 08:19:54 am | Posted By CASANSAAR
The Reserve Bank has said that the Real-time gross settlement - RTGS system will not be operated on second and fourth Saturdays with banks observing public holiday on those days. In a notification issued from Mumbai, RBI said that the system will operate for full days on working Saturdays of the mon...
Continue Reading... Category : RBI | Comments : 0 | Hits : 402
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Posted Date : 01-Sep-2015 , 08:37:24 am | Posted By CASANSAAR
- Every 2 Seconds, someone in the country is in need of blood. - Every year our nation requires about 4 Crore units of blood.- Out of which only a meager 5 Lakh units of blood are available. CASANSAAR is here with AN EXTREME NOBLE CAUSE, CASANSAAR Online B...
Continue Reading... Category : General | Comments : 0 | Hits : 1065
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Posted Date : 01-Sep-2015 , 08:28:27 am | Posted By CASANSAAR
The income-tax department has reorganised the criteria of transfer pricing cases for manual selection for scrutiny of tax returns to bring it in line with international tax practices. Transfer pricing cases where the I-T department has added at least Rs 10 crore to tax charged over the declared...
Continue Reading... Category : CBDT | Comments : 0 | Hits : 834
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Posted Date : 01-Sep-2015 , 08:23:57 am | Posted By CASANSAAR
Market regulator Sebi has slapped a total penalty of Rs 2.5 crore on 19 entities for indulging in fraudulent trading in shares of SJ Corporation. The Securities and Exchange Board of India has imposed the levy on these entities including the then promoters of SJ Corporation. They would be &...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 764
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Posted Date : 01-Sep-2015 , 08:12:16 am | Posted By CASANSAAR
August 31 is the last date for filing returns. If for any reason you miss this deadline, you can still file returns by the following March 31. Belated returns can be filed on or before two years from the end of the relevant tax year. So, even those who missed filing their retu...
Continue Reading... Category : ITR | Comments : 0 | Hits : 1505
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Posted Date : 31-Aug-2015 , 07:55:11 pm | Posted By CASANSAAR
CBDT extends the last date of filing Income Tax return in Gujarat. Earlier the last date was 31st August 2015, now its 7th September 2015....
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1308
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Posted Date : 31-Aug-2015 , 06:55:42 pm | Posted By CASANSAAR
Public sector oil marketing companies announced a cut in retail selling price of petrol by Rs. 2 a litre and diesel by Rs. 0.5 a litre in Delhi on Monday. The price cut is inclusive of state levies and will vary from state to state. The&nb...
Continue Reading... Category : General | Comments : 0 | Hits : 464
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Posted Date : 31-Aug-2015 , 06:36:12 pm | Posted By CASANSAAR
A Tip for accessing E filing Webste. At the time of uploading ITRs, Try using Mobile 3G or 4G Network instead of Broadband Connection. You will be able to access it Properly. Good Luck....
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 781
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Posted Date : 31-Aug-2015 , 05:59:44 pm | Posted By CASANSAAR
The rush to file return by the taxpayers on the last day resulted in the crashing of Income Tax site on Monday. The official website of the income tax department http://www.incometaxindiaefiling.gov.in was inaccessible on numerous occasions on the final day of filing return. As per the Central...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1173
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Posted Date : 31-Aug-2015 , 08:51:20 am | Posted By CASANSAAR
In the backdrop of ongoing high profile tax disputes involving blue-blooded multinational corporations (MNCs) like Vodafone, Cairn and, more recently, E*Trade Financial Corp, the government has told the revenue department to nominate only senior officials to handle big tax demands in an effort to av...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 411
- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
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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
- Satyam restrained from operating its accounts
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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
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
