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Posted Date : 02-Jun-2015 , 08:40:16 am | Posted By CASANSAAR
One in five CAs breach tax audit norms - CAG Report. Nearly one out of every five chartered accountants (CAs) in India appear to have breached tax audit norms, going by a recent report by the Comptroller and Auditor General of India — a charge serious enough to prompt the ...
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Posted Date : 01-Jun-2015 , 10:15:44 am | Posted By CASANSAAR
To reduce cash transactions in the economy and boost the usage of cards and point of sales (PoS) terminals, the Union finance ministry and Reserve Bank of India (RBI) have set up a committee to look at ways to encourage use of plastic money. The committee has representatives from National Payment...
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Posted Date : 01-Jun-2015 , 10:07:48 am | Posted By CASANSAAR
New Service tax Rate 14% becomes effective today. The tax is levied on all services, expect a small negative list. Some of the key services that will attract higher tax and hence become costlier are: railways, airlines, banking, insurance, advertising, architecture, construction, credit card...
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Posted Date : 31-May-2015 , 04:04:14 pm | Posted By CASANSAAR
New ITR forms 1, 2 & 4s notified by CBDT. Due date extended to 31.08.2015. Income Tax Return Forms ITR 1, 2 and 4S Simplified for Convenience of the Tax Payers; A New Form ITR 2A Proposed which can be Filed by an Individual or HUF who does not ...
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Posted Date : 31-May-2015 , 02:01:38 pm | Posted By CASANSAAR
ICAI has tied up with two top medical associations — Association of Healthcare Providers (India) (AHPI) and Delhi Medical Association — to improve the cost management systems in hospitals. Under this arrangement, members of the Institute of Cost Accountants of India (ICAI) w...
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Posted Date : 31-May-2015 , 01:59:22 pm | Posted By CASANSAAR
More than 3 lakh cases are pending & Rs 5,82,000 crore tax amount locked in litigations. Tax disputes are one of the most taxing issues before courts today. More than 3 lakh cases are pending before various judicial authorities with Rs 5,82,000 crore tax amount locked in litigations.&nbs...
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Posted Date : 31-May-2015 , 01:31:13 pm | Posted By CASANSAAR
Failure to answer questions from the tax department can entail a penalty of up to Rs two lakh from the next financial year under the new black money law, which has got the assent of the President. The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 provid...
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Posted Date : 29-May-2015 , 09:18:21 pm | Posted By CASANSAAR
ICAI issued an Advisory after the Movement of CASANSAAR against fake website similiar to ICAI:- "Kiski Nazar lag gayi Profession ko.... Fake CA Degrees (OPJS University) Fake ICAI Websites (http://icaindia.net.in/) JAAGO CA JAAGO,....... BE UNITE & SAVE PROFESSION... https:/...
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Posted Date : 29-May-2015 , 08:36:31 am | Posted By CASANSAAR
Delhi High Court on Thursday refused to stay a government notification which brings into force from June one the levy of 14 percent service tax on manufacture of alcohol on contractual basis. The liquor companies, which have business establishments in New Delhi, had sought an interim stay on th...
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Posted Date : 29-May-2015 , 08:30:42 am | Posted By CASANSAAR
Reserve Bank of India (RBI) on Thursday released draft guidelines on implementation of net stable funding ratio (NSFR) in Indian banks. NSFR is defined as the amount of available stable funding (ASF) relative to the amount of required stable funding (RSF). The NSFR promotes resilience over a long...
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Posted Date : 29-May-2015 , 08:19:10 am | Posted By CASANSAAR
Income Tax (IT) department faced the ire of a trial court on Thursday for withholding information on foreign bank accounts of those persons against whom it has filed complaints. The court also imposed a fine of Rs 10,000 on the IT department and directed it to deposit the fine amount in the...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 354
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Posted Date : 29-May-2015 , 08:13:43 am | Posted By CASANSAAR
Following are the major initiatives and achievements of the Ministry of Corporate Affairs in the last one year. Furthering ease of doing business - Companies Act, 2013: 16 amendments in the Companies Act, 2013 approved by the Parliament – these amendments a...
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Posted Date : 28-May-2015 , 09:15:14 am | Posted By CASANSAAR
Companies (Amendment) Act, 2015 Notified by the Government. The Central government notified the Companies (Amendment) Act, 2015 on May, 26. By the amendment, requirement of minimum paid up capital is to be done away with. In addition, the aspect of having a common seal has been changed and havi...
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Posted Date : 28-May-2015 , 08:54:04 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) is likely to decide soon on the complaints against scam-hit National Spot Exchange (NSEL)’s auditor, Mukesh P Shah & Co. Earlier this month, the institute told the high court here that its disciplinary committee was looking into the...
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Posted Date : 27-May-2015 , 09:01:51 am | Posted By CASANSAAR
Union finance minister Arun Jaitley indicated that Goods and Service Tax (GST) could come into force earlier than expected. Addressing a gathering at Tagore Hall in the city on the occasion of the Modi government completing one year, Jaitley said that GST could be implemented in the country from as ...
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Posted Date : 27-May-2015 , 08:40:27 am | Posted By CASANSAAR
The secretarial standards issued by Institute of Company Secretaries of India (ICSI), which are intended to ensure transparency and better governance, will surely result in additional administrative burden on the Secretarial team of Companies. Additionally, Companies will have to ensure timely...
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Posted Date : 27-May-2015 , 08:29:35 am | Posted By CASANSAAR
The Finance Bill, 2015, received consent from the President on 14 May 2015. The changes proposed in the bill have been accepted and the effective date for some of these is 1 June 2015. The new rate of service tax, and tax deducted at source (TDS) on recurring deposit interest are two of these. Let&r...
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Posted Date : 26-May-2015 , 08:12:13 pm | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has released admit cards for CA Exams Common Proficiency Test (CPT) exam to be conducted in the month of June 2015. Candidates will have to visit the official website www.icai.nic.in in order to download admit cards. Candidat...
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Posted Date : 26-May-2015 , 08:27:12 am | Posted By CASANSAAR
The income tax department seems to be finding ways to expedite the process of linking permanent account number (PAN) with the unique identity number Aadhaar, a step that could eliminate duplicate PANs and assist the government in taking action against those evading tax. To achieve this, the Inc...
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Posted Date : 26-May-2015 , 08:17:54 am | Posted By CASANSAAR
Banks to stay closed on 2nd and 4th Saturday from July 2015 onwards Following a pact between public sector bank (PSB) employees and officers with the management, all branches in the country will remained closed on all second and fourth Saturdays from July. T M Bhasin, chairman of the Indian Ba...
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Posted Date : 25-May-2015 , 10:36:16 pm | Posted By CASANSAAR
21 FDI proposals worth Rs 281 crore approved by Govt. The government has cleared 21 foreign direct investment (FDI) deals worth Rs 281 crore but deferred Kotak Mahindra Bank's proposal to hike foreign investment limit in the bank to 55 percent. "The government has approved 21 ...
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Posted Date : 25-May-2015 , 08:42:40 am | Posted By CASANSAAR
Company registrations - Decoding the mystery of down fall. 'Make in India' and "ease of doing business" have been the key campaigns of Prime Minister Narendra Modi's government but according to official data on companies, aspiring entrepreneurs either seem to be reluct...
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Posted Date : 23-May-2015 , 09:38:07 pm | Posted By CASANSAAR
ICAI Clarification on CASANSAAR movement regarding CA Degree from OPJS University. ICAI ANNOUNCEMENT. It has been brought to our notice that OPJS University, Churu (Rajasthan), is offering/conducting certain programmes/courses under the nomenclature “Master in C.A.” a...
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Posted Date : 23-May-2015 , 06:02:25 pm | Posted By CASANSAAR
​You can download your admit cards for CS Executive and Professional Exams, June,2015 today onwards from www.icsi.edu. CS Examination Admit Cards The Institute of Company Secretaries of India (ICSI) ADMIT CARDS JUNE 2015 SESSION - DOWNLOAD...
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Posted Date : 23-May-2015 , 05:59:59 pm | Posted By CASANSAAR
​You can download your admit cards for CS Foundation Exams, June,2015 today onwards from www.icsi.edu. Instructions Students: Please use your current 17 digit Registration Number Examinations Timings Displayed on Hall Ticket are in 24 hours Format Medium of Examination has n...
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Posted Date : 23-May-2015 , 08:37:56 am | Posted By CASANSAAR
The Finance Ministry will come out with simplified Income Tax Return (ITR) forms by the next week, replacing the controversial ones that have been put on hold. “We will notify the new simplified ITR forms in a week,” a top government official said. The ITR forms were put on hold ...
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Posted Date : 22-May-2015 , 08:57:33 am | Posted By CASANSAAR
Proud Moments for Chartered Accountants, CA Girish Ahuja named member of Shah panel on MAT . Constituting the three-member A P Shah Committee that will look into MAT demand on FIIs, the government today named former CEA Ashok Lahiri as a member of the panel which will "expeditiously&q...
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Posted Date : 22-May-2015 , 08:13:23 am | Posted By CASANSAAR
The Reserve Bank of India had incentivised lenders for early recognition and sale of non-performing assets (NPAs) by saying the shortfall between the sale value and the net book value can be spread over a period of two years. This facility was earlier available only for NPAs s...
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Posted Date : 22-May-2015 , 07:49:55 am | Posted By CASANSAAR
A Central Bureau of Investigation (CBI) special judge at the Saket Court sentenced then deputy commissioner of income tax Arun Kumar Gurjar and then inspector of income tax Baljeet Singh to undergo four years rigorous imprisonment with fine of Rs.2 lakh each in the case. "The court found b...
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Posted Date : 21-May-2015 , 10:46:36 pm | Posted By CASANSAAR
Union Cabinet also decided to amend Foreign Direct Investment,FDI norms for NRIs, Persons of Indian Origin (PIOs) and Overseas Citizens of India (OCI) to increase capital flows into the country. The amendments will lead to greater foreign exchange remittances and investment. The investment under the...
Continue Reading... Category : Finance | Comments : 0 | Hits : 466
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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
