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Posted Date : 22-Jul-2015 , 08:06:56 am | Posted By CASANSAAR
The government has extended interest subvention scheme to public sector banks, private sector commercial banks, rural regional banks, cooperative banks and NABARD to ensure availability of crop loans of up to 3 lakh rupees to farmers at seven per cent per annum. The sources said, the decision to con...
Continue Reading... Category : Banking | Comments : 0 | Hits : 511
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Posted Date : 22-Jul-2015 , 07:52:40 am | Posted By CASANSAAR
The Companies Law Committee set up by the Government to make recommendations on issues arising from the implementation of the Companies Act, 2013 had invited suggestions and comments from stakeholders to assist its deliberations. These suggestions and comments were invited through the Ministry of Co...
Continue Reading... Category : Companies Act | Comments : 0 | Hits : 387
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Posted Date : 21-Jul-2015 , 10:11:38 pm | Posted By CASANSAAR
As per rule 12 of the Income-tax Rules, in case of individuals and certain other specified taxpayer, returns may be filed electronically followed by submission of signed paper copy of ITR-Verification form (ITR-V). However, to provide end-to-end enabled services to the tax payers, a facility has bee...
Continue Reading... Category : ITR | Comments : 0 | Hits : 1050
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Posted Date : 21-Jul-2015 , 08:40:51 am | Posted By CASANSAAR
Can your accountant also assist you on drafting a joint venture agreement? Or is this work best left to a lawyer to check for compliance with various rules and legislation? And what happens when one company drops a nasty legal notice on the former joint venture partner? Is when things get contentiou...
Continue Reading... Category : Chartered Accountant | Comments : 0 | Hits : 1705
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Posted Date : 21-Jul-2015 , 08:31:36 am | Posted By CASANSAAR
A select committee of Rajya Sabha on Monday signed off on the goods and services tax (GST) bill, setting the stage for its introduction in the upper House and eventual implementation from 1 April 2016. Passing the 122nd Constitution amendment bill in the Rajya Sabha in the first half of the monso...
Continue Reading... Category : GST | Comments : 0 | Hits : 815
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Posted Date : 21-Jul-2015 , 08:22:53 am | Posted By CASANSAAR
Alternative investment funds (AIFs), having foreign entities as "associates", are rattled by the latest Securities and Exchange Board of India (Sebi) directive to disclose the entire disciplinary history of sponsors, managers, directors, partners, promoters and associates in their placemen...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 304
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Posted Date : 20-Jul-2015 , 08:17:13 am | Posted By CASANSAAR
Respected Members, We would like to aware you that there are some fake agencies who mail you the Job Appointment/Offer Letters in the name of some reputed companies and ask for some handsome amount from you (as a refundable security amount). And It will seem to you in a way t...
Continue Reading... Category : General | Comments : 0 | Hits : 589
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Posted Date : 20-Jul-2015 , 08:09:49 am | Posted By CASANSAAR
A Parliamentary Committee, which scrutinised the crucial Goods and Services Tax (GST) Bill, has prepared a draft report wherein the government has agreed to provide compensation to states for any revenue loss for five years, thus giving in to one of the major demands from several opposition parties....
Continue Reading... Category : GST | Comments : 0 | Hits : 550
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Posted Date : 19-Jul-2015 , 10:53:41 pm | Posted By CASANSAAR
It was, in Mahesh Londhe’s words, “a typical Indian celebration with sweets,” after the 21-year-old, whose father hawks bhelpuri at Pune railway station, cleared the Chartered Accountancy (CA) final examination in the very first attempt. The exam was held in May 2015, and resu...
Continue Reading... Category : CA | Comments : 0 | Hits : 1060
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Posted Date : 19-Jul-2015 , 10:13:37 pm | Posted By CASANSAAR
The Income Tax department has launched a drive with the aim of bringing one crore new taxpayers under its net, after the government recently asked the taxman to achieve the target within the current fiscal. As part of government's initiative to broaden the tax base, the Central Board of Direc...
Continue Reading... Category : Income Tax | Comments : 1 | Hits : 565
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Posted Date : 19-Jul-2015 , 10:03:54 pm | Posted By CASANSAAR
To protect confidentiality of tax information from abroad, the CBDT has warned of stern action against those making unauthorised disclosures as it amounts to breach of treaty commitments and cause embarrassment to the government. The Central Board of Direct Taxes (CBDT) said the confidentiality o...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 599
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Posted Date : 18-Jul-2015 , 09:03:47 am | Posted By CASANSAAR
ICAI ELECTION 2015 Option for Polling Booths in Bangalore, Delhi/New Delhi, Mumbai and Kolkata Cities. The next elections to the Council and the Regional Councils of the Institute of Chartered Accountants of India are scheduled to be held on 4 th and 5 th December, 2015 in cities having ...
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Posted Date : 18-Jul-2015 , 08:58:00 am | Posted By CASANSAAR
ICAI ELECTION - 2015 16th July, 2015 APPEAL TO MEMBERS For Attention of Members and prospective candidates for election to the Council and Regional Councils, 2015 Sub: Unsolicited SMSs and emails being received by members from prospective candidates The election to the...
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Posted Date : 18-Jul-2015 , 08:51:06 am | Posted By CASANSAAR
There will now be detailed manual scrutiny of service tax returns of assesses based on risk parameters by the Central Board of Excise and Customs (CBEC), under revised 2009 guidelines. CBEC, the Finance Ministry said, has these revised guidelines, to come to effect from August 1, in view of...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 855
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Posted Date : 18-Jul-2015 , 08:47:11 am | Posted By CASANSAAR
Government will soon announce interest subvention scheme for exporters. Commerce and Industry Minister Nirmala Sitharaman said at a function in New Delhi today that the scheme will give encouragement to sectors that have high potential. She said exports are largely suffering because international de...
Continue Reading... Category : International Business | Comments : 0 | Hits : 421
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Posted Date : 17-Jul-2015 , 08:50:49 am | Posted By CASANSAAR
The Reserve Bank on Thursday said the concurrent audit at bank branches should cover at least half of their advances and deposits. The concurrent audit system is regarded as part of a bank's early warning system to ensure timely detection of irregularities and lapses. "Concurrent audi...
Continue Reading... Category : Bank Branch Audit | Comments : 0 | Hits : 4185
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Posted Date : 17-Jul-2015 , 08:14:52 am | Posted By CASANSAAR
State Bank of India (SBI) has put 66 loan accounts, with loans worth Rs.4,400 crore, for sale to asset reconstruction companies (ARCs) in July, a senior official at the bank confirmed. According to the official, who spoke on condition of anonymity, most of these accounts are small and medium...
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Posted Date : 17-Jul-2015 , 07:54:20 am | Posted By CASANSAAR
The Competition Commission of India(CCI)has imposed a total penalty of Rs. 671.05 crores upon4 Public Sector Insurance Companies for manipulating the bidding process initiated by Government of Kerala for selecting insurance service provider for RashtriyaSwasthyaBimaYojna for the years 2010-11, 2011-...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 337
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Posted Date : 16-Jul-2015 , 05:18:27 pm | Posted By CASANSAAR
In a bid to streamline the FDI structure, the government on Thursday introduced a composite foreign investment cap by clubbing all forms of overseas investments to define sectoral limits. Briefing reporters after the Cabinet meeting, Finance Minister Arun Jaitley said that “from...
Continue Reading... Category : International Business | Comments : 0 | Hits : 386
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Posted Date : 16-Jul-2015 , 03:48:50 pm | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) today announced the following results 1) Chartered Accountants Final Examination held in May, 2015. 2) Common Proficiency Test held on...
Continue Reading... Category : CA Results | Comments : 0 | Hits : 3266
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Posted Date : 16-Jul-2015 , 07:34:42 am | Posted By CASANSAAR
The results of CA Final Examination held in May 2015, ISA AT Exam and the Common Proficiency Test (CPT) held in June this year, will be declared on Thursday, 16 July at 2pm. - Good Luck to all. "The Institute of Chartered Accountants of India (ICAI) is going to release result of the C...
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Posted Date : 16-Jul-2015 , 07:21:32 am | Posted By CASANSAAR
Market regulator Sebi may take action against companies who have not appointed women directors on their boards to meet the requirements of the new Companies Act. Earlier this week, stock exchanges fined over 500 listed companies who had not complied. "As per the provisions of the Sebi circul...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 428
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Posted Date : 15-Jul-2015 , 10:35:04 pm | Posted By CASANSAAR
The Reserve Bank of India has set up a committee to work out a five-year action plan to spread the reach of financial services to unbanked population. According to a press release issued by RBI today, the 14-member panel, to be headed by RBI executive director Deepak Mohanty, will review the existin...
Continue Reading... Category : RBI | Comments : 0 | Hits : 341
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Posted Date : 15-Jul-2015 , 10:28:20 pm | Posted By CASANSAAR
Petrol and diesel prices have been cut by Rs 2 per litre, excluding local levies, with effect from midnight tonight pan-India. Earlier in the evening, petrol and diesel prices were hiked in the national capital with the Aam Aadmi Party (AAP) government ordering an increase in VAT rate...
Continue Reading... Category : General | Comments : 0 | Hits : 505
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Posted Date : 15-Jul-2015 , 08:37:43 am | Posted By CASANSAAR
ANNOUNCEMENT It was brought to the notice that OPJS University, Churu (Rajasthan), is offering/conducting certain programmes/courses under the nomenclature “Master in CA.” and “Bachelor in C.A.” (under the School of Chartered Accountant). Conduct of such courses u...
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Posted Date : 15-Jul-2015 , 08:27:30 am | Posted By CASANSAAR
Irked by the stringent auditing of its earnings for the quarter ended March this year, state-run Bank of India (BoI) has written to the Reserve Bank of India (RBI), saying its auditors didn’t allow the loan to Essar Steel to be treated as standard, while most other lenders were allowed to. ...
Continue Reading... Category : Auditing | Comments : 3 | Hits : 2632
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Posted Date : 14-Jul-2015 , 10:37:30 pm | Posted By CASANSAAR
To facilitate the taxpayers and to provide end-to-end e-enabled services, the Income Tax Return for A.Y. 2015-16 can now be verified electronically. A taxpayer may verify his return through Internet Banking or through Aadhar based authentication process. Persons using this facility wi...
Continue Reading... Category : ITR | Comments : 0 | Hits : 887
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Posted Date : 14-Jul-2015 , 10:35:23 pm | Posted By CASANSAAR
Over last few days a number of reports have appeared in the media expressing views and concerns regarding the applicability of various provisions of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015. Some of the views expressed in these reports are based...
Continue Reading... Category : Black Money | Comments : 0 | Hits : 329
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Posted Date : 14-Jul-2015 , 10:33:21 pm | Posted By CASANSAAR
Service Charges Collected by Restaurants/Hotels/Eateries Retained by the Restaurants/Hotels/Eateries and are Not ‘Service Tax’ Imposed by the Government Some restaurants/hotels/eateries besides charging for the food and beverages are also charging ‘service charges&...
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Posted Date : 14-Jul-2015 , 08:32:20 am | Posted By CASANSAAR
CAG Shashi Kant Sharma today said auditors should neither allow themselves to be bullied by entities they are scrutinising nor take their non-cooperation lying down. While inaugurating the UN Audit Training Programme here, the Comptroller and Auditor General (CAG) of India advised...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 826
- 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
