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Posted Date : 21-May-2015 , 10:39:46 pm | Posted By CASANSAAR
Application Form for the Information Systems Audit (ISA) Assessment Test - June, 2015 [Last Date - 4th June, 2015] CLICK BELOW FOR:- Online Application Form Hard Copy Application Form...
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Posted Date : 21-May-2015 , 10:36:39 pm | Posted By CASANSAAR
IMPORTANT ANNOUNCEMENT May 21, 2015 Subject: Zone-shifting of candidates for 14th June - 2015 CPT Due to paucity of accommodation in certain Zones opted by the candidates in the city of Chennai and Hyderabad some of the candidates have been allotted examinations centres in the zone ot...
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Posted Date : 21-May-2015 , 09:00:02 am | Posted By CASANSAAR
OPJS University, Churu is running School of Chartered Accountants and providing following Degrees Bachelor in C.A. Master in C.A. Some Questions from ICAI & our Leaders... Is ICAI and its elected members aware of such University? Is UGC aware of such University? And approved such co...
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Posted Date : 21-May-2015 , 08:23:57 am | Posted By CASANSAAR
In a major reshuffle, the Income Tax department has issued mass transfer and promotion orders to over 100 tax officials across the country. The transfers on Tuesday, included officials of the rank of Commissioner of assistant and deputy commissioners of income tax and principal chief commis...
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Posted Date : 21-May-2015 , 08:15:08 am | Posted By CASANSAAR
US officials say five of the world's largest banks are to pay fines totaling 5.7 billion dollar for manipulating the foreign exchange market. Four of the banks - JPMorgan, Citigroup, Barclays, RBS - have agreed to plead guilty to US criminal charges. The fifth, UBS, will plead guilty to rigging ...
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Posted Date : 20-May-2015 , 08:35:26 am | Posted By CASANSAAR
To address grievances of taxpayers, the Income-Tax department on Tuedsay put in place a detailed framework for “verification and correction” of the outstanding tax demand, while rectifying the inaccuracies arising due to delayed or non-reporting of TDS (tax ...
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Posted Date : 19-May-2015 , 09:24:17 pm | Posted By CASANSAAR
Section 66B of the Finance Act 1994 prescribes the service tax rate. it has been amended by section 108 of the finance act 2015. The rate of service tax is being increased from 12& to 14% (including cess). The increase in service tax rate will come into effect from 1st june 2015 (Notification no...
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Posted Date : 19-May-2015 , 07:59:57 pm | Posted By CASANSAAR
Checkers Portal-Chartered Accountancy Main ExaminationsMay 19, 2015 A web portal, http://checkers.icaiexam.icai.org has been developed and put in place, for handling the activities relating to Checkers, with effect from CA Examinations held in May 2015 onwards. Details of allotment o...
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Posted Date : 19-May-2015 , 08:57:19 am | Posted By CASANSAAR
Exposure Draft by ICAI on the Managerial Remuneration under the Companies Act 2013. Comments/suggestions may kindly be sent to the following address/ e-mail within 10 days i.e. upto 27th May, 2015. clcgc@icai.in...
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Posted Date : 19-May-2015 , 08:27:21 am | Posted By CASANSAAR
The Finance Ministry is likely to exempt assesses from sharing details of company-sponsored foreign trips in the revised income tax return or ITR forms, but may retain the disclosure of foreign bank accounts, sources said. The simplified form, which is being brought after the earlier version was ...
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Posted Date : 17-May-2015 , 08:51:41 pm | Posted By CASANSAAR
Companies will have to disclose their CSR Expenditure as a separate head in their profit and loss statements, accounting regulator ICAI has said. Besides, if a company spends more than the mandatory two per cent of profit for Corporate Social Responsibility (CSR), the excess amount can not ...
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Posted Date : 16-May-2015 , 10:06:24 pm | Posted By CASANSAAR
The Council decided to fix limit on concurrent audit of banks at 4 audits per member per year. Cooperative banks and RRBs were exempted from the limit. The above limit will come into effect from 1.1.2016. It is our endeavour to strengthen policies and procedures that enable members to render qual...
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Posted Date : 16-May-2015 , 09:58:57 pm | Posted By CASANSAAR
President Pranab Mukherjee has given his assent to the Finance Bill, 2015. It means various provisions such as the new taxation norms and merger of the Forward Market Commission with the Securities and Exchange Board of India, besides others, will now be part of an Act and will be implemented accord...
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Posted Date : 16-May-2015 , 06:00:59 pm | Posted By CASANSAAR
The new income tax return (ITR) forms will be far more simplified, Finance Minister Arun Jaitley said on Saturday. The simplified form, which is being brought after the earlier version was opposed by industry and MPs for cumbersome disclosure norms, may exclude disclosure of dormant bank accounts...
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Posted Date : 15-May-2015 , 11:07:26 pm | Posted By CASANSAAR
Shri M.J. Joseph (ICAS-1979) has been appointed as the Controller General of Accounts (CGA) in the Ministry of Finance. Prior to this appointment, Shri Joseph was the Director General of the Bureau of Indian Standards (BIS). He succeeds Shri Jawahar Thakur (ICAS-1979) who has been appointed as OSD (...
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Posted Date : 15-May-2015 , 07:02:29 pm | Posted By CASANSAAR
Petrol and diesel prices were raised on Friday for the second straight time in a fortnight. While petrol prices were hiked by 3.13 per litre, diesel prices were raised by Rs 2.71 Per litre, tracking global crude prices. But with state levies, the retail rates at fuel pumps would be more. The i...
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Posted Date : 15-May-2015 , 01:29:27 pm | Posted By CASANSAAR
(The Council of the Institute of Chartered Accountants of India (ICAI) has issued this Guidance Note on Accounting for Expenditure on Corporate Social Responsibility Activities which comes into effect from the date of its issuance. Pending finalisation of the Guidance Note, as it was under discussio...
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Posted Date : 15-May-2015 , 01:21:21 pm | Posted By CASANSAAR
May 15, 2015 IMPORTANT ANNOU...
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Posted Date : 15-May-2015 , 08:12:27 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has said bank boards should do a detailed scrutiny of their quarterly and annual financial results in their board discussions. According to seven critical themes prescribed by the P J Nayak committee, instituted by RBI that reviewed bank boards’ governance, the ...
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Posted Date : 15-May-2015 , 07:50:55 am | Posted By CASANSAAR
Finance Bill 2015 gets President Assent and becomes Fiance Act 2015. Hon’ble President has given assent to Finance Bill, 2015 and now it became Finance Act (No.20)2015. Notification for effective date regarding increase in service tax rate from 12.36% to 14% is still awaited. No...
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Posted Date : 13-May-2015 , 09:58:05 pm | Posted By CASANSAAR
The black money bill was passed by the Rajya Sabha on Wednesday. Christened the Undisclosed Foreign Income and Assets (Imposition of New Tax) Bill, 2015, it seeks to check the black money menace with stringent provisions for those stashing illegal wealth abroad. The Bill provides for separate taxati...
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Posted Date : 13-May-2015 , 04:03:59 pm | Posted By CASANSAAR
Main features and relaxations of Companies (Amendment) Bill are as under: 1. No minimum capital requirement of Rs.1 lakh (in case of private company) or Rs. 5 lakh (in case of public company) 2. Approval of shareholders under Sect...
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Posted Date : 13-May-2015 , 03:56:16 pm | Posted By CASANSAAR
Rajya Sabha today approved a bill to amend the Companies Act with an aim of promoting ease of doing business with as Finance Minister Arun Jaitley saying the law will be reviewed further by an expert committee to be set up shortly to see where the "shoe pinches". A...
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Posted Date : 13-May-2015 , 08:45:53 am | Posted By CASANSAAR
Desperate to widen the tax base in a country where just about 2 per cent of the population files tax returns, the income-tax authorities now plan to corner tax evaders in smaller cities and towns, and double the number of taxpayers in a year. Anita Kapur, chairperson of the Central Board of...
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Posted Date : 13-May-2015 , 08:18:33 am | Posted By CASANSAAR
The tax department has incurred an expenditure of Rs 42,903 crore on interest payments on income tax refunds during the 6-year period ended 2013-14 without approval of Parliament, official auditor CAG said. The Comptroller and Auditor General (CAG), in its report, said as in the past, the Budge...
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Posted Date : 13-May-2015 , 08:09:09 am | Posted By CASANSAAR
A day after the Lok Sabha passed the Bill to deal with black money stashed abroad, the court-appointed Special Investigating Team (SIT) has raised concern over transaction of black money in cricket betting and also over the UP government's failure to conduct proper inves...
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Posted Date : 12-May-2015 , 09:48:10 pm | Posted By CASANSAAR
The government on Monday appeared to have blinked in its ongoing stand-off with the Congress in Parliament by agreeing to refer two key Bills related to land acquisition and Goods and Services Tax to special panels for further review. Both the Bills are flagship economic reform legislations. Ac...
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Posted Date : 12-May-2015 , 09:46:17 pm | Posted By CASANSAAR
Foreign travel details sought in the new income tax return (ITR) forms was done so that risk profiling for detection of tax evasions could be done but the form is being modified in view of the opposition to it. Finance Minister Arun Jaitley in a written reply to a question in the Rajya Sabh...
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Posted Date : 12-May-2015 , 09:41:26 pm | Posted By CASANSAAR
The Citizen’s Charter 2014 of Income Tax Department includes ‘Redressal of grievances’ within the specified timeline of 60 days, as one of the key taxpayer services provided by the Department. Redressal of grievances has been included as a key result area in the Interim Action Plan...
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Posted Date : 12-May-2015 , 09:38:56 pm | Posted By CASANSAAR
In Chapter III of Second SIT report, the SIT has recommended as under: “Financial Action Task Force (FATF) on money laundering recommends ‘tax crimes’ to be made a predicate offence so that action can be taken under Prevention of Money Laundering Act, 2002. There are more ...
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- 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
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- 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
- 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
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