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Posted Date : 19-Aug-2015 , 08:16:32 am | Posted By CASANSAAR
The much-anticipated merger of the Forward Markets Commission with SEBI is set to get formalised from September 28. The government will soon issue a notification in this regard for market participants, including exchanges, intermediaries and members to prepare for the transition, said sources in the...
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Posted Date : 19-Aug-2015 , 08:08:58 am | Posted By CASANSAAR
Ahead of the assembly polls, the Centre has notified 21 districts of Bihar, including capital Patna, as “backward” areas for conferring income tax rebate of 15 per cent on setting up of new manufacturing plants and buildings. The Central Board of Direct Taxes (CBDT), the apex policy...
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Posted Date : 18-Aug-2015 , 10:20:27 pm | Posted By CASANSAAR
ANNOUNCEMENT A Report on Audit Quality Review Findings (2012-15) Government of India has, in exercise of the powers conferred under Section 28A of the Chartered Accountants Act, 1949, constituted a Quality Review Board (the ‘Board’) to perform the following functions u/s 28B of the...
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Posted Date : 18-Aug-2015 , 07:28:41 am | Posted By CASANSAAR
Credit or debit card users may get to claim 1% of their annual transactions as deduction from income, if a proposal made by a section of the finance ministry is implemented, reports Prasanta Sahu in New Delhi. The move could marginally reduce the income tax liability of credit and debit card users. ...
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Posted Date : 17-Aug-2015 , 09:49:55 pm | Posted By CASANSAAR
Finance Ministry in the second set of FAQs on the black money compliance window is likely to clarify on the period for which foreign bank account details have to be provided after concerns were expressed in some quarters over the availability of records beyond a few years. In the Freque...
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Posted Date : 17-Aug-2015 , 09:45:49 pm | Posted By CASANSAAR
In consonance with the objective of the Government of India to have wider consultations with various stakeholders as well as to provide more time for planners, it has been decided to start the Budget exercise by middle of August, 2015 for the forthcoming Financial Year 2016-17. The Budget c...
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Posted Date : 16-Aug-2015 , 10:32:38 pm | Posted By CASANSAAR
In view of large scale cadre restructuring being effected in the Income Tax department recently, the CBDT has constituted a committee to review the existing transfer and posting policy in the organisation. The restructuring has brought about large scale changes in the jurisdiction of I-T ...
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Posted Date : 16-Aug-2015 , 10:27:24 pm | Posted By CASANSAAR
Even as the Modi government is yet to cross the Parliamentary hurdle before it can roll out a uniform tax regime, it has rechristened Mumbai-based Directorate General of Service Tax as Directorate General of Goods and Service Tax (DGGST), and shifted it to Delhi. The move follows a decision by Ce...
Continue Reading... Category : GST | Comments : 0 | Hits : 635
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Posted Date : 15-Aug-2015 , 08:48:58 am | Posted By CASANSAAR
Freedom Of Speech; Independence To Grow; Equality Of Everybody; Liberty Of Mind And Thought; And Tolerance Towards Others. Let's Thanks All The Great Souls Who Made This India Possible For Us. Happy Independence Day!!! &...
Continue Reading... Category : General | Comments : 0 | Hits : 425
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Posted Date : 14-Aug-2015 , 09:23:21 pm | Posted By CASANSAAR
The Government decided to separate the post of Chairman and Managing Director by prescribing that in the subsequent vacancies to be filled up the CEO will get the designation of MD & CEO and there would be another person who would be appointed as non-Executive Chairman of PSBs. This approa...
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Posted Date : 14-Aug-2015 , 09:02:06 pm | Posted By CASANSAAR
A day after monsoon session came to an acrimonious end, government on Friday struck a conciliatory note saying it would talk to all parties to ensure passage of GST Bill and appealed to them to "bury the past" as any delay to enact the law would hurt the national interests. ...
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Posted Date : 14-Aug-2015 , 08:16:39 am | Posted By CASANSAAR
The Bar Council of India has introduced an exhaustive mechanism for ascertaining fake and non-practicing lawyers and with that purpose it has already framed the BCI certificate and Place of Practice (verification) Rules 2015, law minister Sadananda Gowda said on Thursday. The minister said ...
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Posted Date : 14-Aug-2015 , 07:48:37 am | Posted By CASANSAAR
Reserve Bank of India will transfer its surplus profit of 65,896 crore rupees to the Centre. This amount is 25 percent higher than previous year. RBI’s Central Board of Directors met in Mumbai yesterday and approved the transfer of surplus amount for the year ended June 30, 2015. The Reserve B...
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Posted Date : 13-Aug-2015 , 09:05:09 am | Posted By CASANSAAR
With just two days left of the Monsoon Session of Parliament, the government is making a last-minute effort to find a way to get parliamentary approval for the Goods and Services Tax (GST) Bill. If the bill is not passed in Rajya Sabha in these two days, the government could call a short specia...
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Posted Date : 13-Aug-2015 , 08:56:31 am | Posted By CASANSAAR
After reports of deficiencies in assessment orders of top corporate cases, the Central Board of Direct Taxes (CBDT) has asked its internal audit wing to take up top 100 cases under each commissioner to mandatorily audit their assessment orders every year. The Comptroller and Auditor General...
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Posted Date : 13-Aug-2015 , 08:36:15 am | Posted By CASANSAAR
Even as the GST roll-out from next fiscal remains "unclear", the Haryana government has asked traders to furnish correct Permanent Account Number (PAN) details for the allotment of Goods and Services Tax Identification Number (GSTIN). The move comes as part of state gove...
Continue Reading... Category : PAN | Comments : 0 | Hits : 458
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Posted Date : 13-Aug-2015 , 08:30:10 am | Posted By CASANSAAR
Reserve Bank on Wednesday asked income tax assessees to pay theirincome tax dues in advance at RBI or any authorised bank branches including that of SBI, ICICI, HDFC Bank, PNB and Axis Bank. It has been observed that rush for remitting income tax dues through the RBI ha...
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Posted Date : 12-Aug-2015 , 08:50:01 am | Posted By CASANSAAR
India-born Sundar Pichai has been named CEO of Google as part of a surprise corporate overhaul that saw the search giant forming a new parent company called Alphabet Inc. Pichai, 43, the current company vice-president, has worked on some of the company's best-known products, from the Ch...
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Posted Date : 12-Aug-2015 , 08:30:37 am | Posted By CASANSAAR
11th August, 2015Statements of Marks relating to Intermediate (IPC) Examination held in May, 2015 Physical copies of statement of marks in respect of Intermediate (IPC) Examination held in May, 2015, in the standard printed stationery are under dispatch, in the normal course. In addition to th...
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Posted Date : 11-Aug-2015 , 09:44:21 pm | Posted By CASANSAAR
The Supreme Court today ruled that Aadhar is not mandatory for availing various welfare schemes of the government. The court made it clear that even for availing facilities PDS, kerosene and LPG distribution system the card will not be mandatory. It barred the authorities from sharing personal biome...
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Posted Date : 11-Aug-2015 , 09:42:48 pm | Posted By CASANSAAR
To boost fund raising from markets, Sebi today notified new norms, which will provide all listed companies a 'fast-track' route for share sales. As per the new norms, firms in which public shareholders own stocks worth Rs 1,000 crore will now be able to access this route through a f...
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Posted Date : 11-Aug-2015 , 09:40:50 pm | Posted By CASANSAAR
It will become "very difficult" to roll out the new indirect tax regime by the April 2016 target if GST bill is not passed in the current session of Parliament, Chairman of Empowered Committee of State Finance Ministers K M Mani said on Tuesday. He added however that in case the passage...
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Posted Date : 11-Aug-2015 , 07:45:19 am | Posted By CASANSAAR
The Supreme Court on Monday stayed the Bombay high court order dismissing a challenge to the levy of service tax on lawyers. A bench comprising chief justice H.L. Dattu, justice Amitava Roy and justice Arun Mishra tagged the matter with similar petitions before the apex court. It also stayed th...
Continue Reading... Category : Service Tax | Comments : 1 | Hits : 1464
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Posted Date : 11-Aug-2015 , 07:40:41 am | Posted By CASANSAAR
The government will today bring the much-awaited bill on GST for passage in the Rajya Sabha even as doubts persist if the Opposition Congress will allow passage of the Constitution Amendment Bill. The Revised List of Business of Rajya Sabha said Finance Minister Arun Jaitley will move...
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Posted Date : 11-Aug-2015 , 07:28:24 am | Posted By CASANSAAR
Indian Railway Finance Corporation (IRFC) would raise Rs 6,000 crore through tax-free bonds in the current fiscal year, the Lok Sabha was informed on Monday. IRFC has been authorised by the Railway Ministry to issue tax-free bonds for a total amount of Rs 6,000 crore during FY16 through public is...
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Posted Date : 11-Aug-2015 , 07:18:30 am | Posted By CASANSAAR
The government on Monday sought to deliver a strong message to black money holders and ruled out any extension of the ongoing compliance window expiring on September 30 for disclosing tax evaded wealth kept abroad by individuals and entities. Central Board of Direct Taxes chairperson Anita...
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Posted Date : 11-Aug-2015 , 07:04:18 am | Posted By CASANSAAR
Procedure for Verification of Answer Books of Chartered Accountants Students Examinations and Post Qualification Courses Examinations. A- STUDENTS EXAMINATIONS An examinee of CA examinations can apply for verification of his/her answer books/OMR Answer Sheet, either physically in his/her own h...
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Posted Date : 10-Aug-2015 , 07:44:51 am | Posted By CASANSAAR
New Delhi is slowly coming under pressure to remove the anomalies in black money rules as more and more people ask for a realistic law that would encourage disclosure of foreign assets and not unleash a reign of tax terror. Members of the apex body of accounting professionals, the Institute of Ch...
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Posted Date : 09-Aug-2015 , 09:47:36 pm | Posted By CASANSAAR
The Crime Branch (CB) on Saturday searched the Kendrapara-based house and office of a Chartered Accountant (CA) who was engaged by Satyam Charitable Trust and collected documents to probe the financial transactions of self-styled godman Sarathi Baba alias Santosh Raula. The agency is looking in...
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Posted Date : 09-Aug-2015 , 09:23:07 pm | Posted By CASANSAAR
The Revenue Department has amended income tax rules to provide for reporting of information with regards to financial assets and accounts, a month after India signed a tax information sharing agreement with the US. On July 9, India and the US signed tax agreement under the Foreign Account Tax Com...
Continue Reading... Category : International Taxation | Comments : 0 | Hits : 632
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- NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
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- NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
- GST Important Update - Enhancement in the GST Portal
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- 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
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- Maha expects Rs 15 crore entertainment tax revenue from IPL
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- 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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