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Posted Date : 13-Feb-2015 , 08:16:08 am | Posted By CASANSAAR
In yet another step to simplify tax procedures, CBDT has constituted a committee to redraft existing guidelines for undertaking write-off procedures in irrecoverable tax demand cases. The five-member committee will be headed by a Chief Commissioner of Income Taxand has been asked...
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Posted Date : 13-Feb-2015 , 07:52:47 am | Posted By CASANSAAR
Shift in the Focus of the Income Tax Department (ITD) from Civil Consequences to Criminal Consequences in Serious Cases of Tax Evasion; During 2014-15 (upto Dec, 2014) the ITD Has Conducted Searches in 414 Groups, Seized Undisclosed Assets of Rs. 582 Crore; Undisclosed Income of Rs. 6769 C...
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Posted Date : 12-Feb-2015 , 06:56:55 pm | Posted By CASANSAAR
Press ReleaseICAI elects New Torch Bearers for the year 2015-16 The Institute of Chartered Accountants of India (ICAI) is a statutory body established by the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountants in India. The affairs of the ICAI are man...
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Posted Date : 12-Feb-2015 , 03:18:34 pm | Posted By CASANSAAR
CA. M.Devraja Reddy Elected as New Vice-President of ICAI for the year 2015-16. 15 Council Members contested for the post of Vice President. Out of 15, CA. M.Devraja Reddy gt maximum votes and elected as New VP of ICAI. Many Many Congrats to CA. M.Devraja Reddy Good ...
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Posted Date : 12-Feb-2015 , 01:51:42 pm | Posted By CASANSAAR
Every Year Vice President of ICAI become President of ICAI but this time in the history of ICAI, council had decided to go for President Elections. History is being written by Current Council Members. CA.Manoj Fandis Elected as New President of ICAI for the year 2015-16. Congrats ...
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Posted Date : 12-Feb-2015 , 08:43:47 am | Posted By CASANSAAR
Today, Central Council Members of the Institute of Chartered Accountants of India (ICAI) will elect the New President & Vice President. Normally Vice President of the ICAI is elected as President but this time some Central Council Members are opposing this trend and want to elect ...
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Posted Date : 12-Feb-2015 , 08:09:29 am | Posted By CASANSAAR
The income tax department has served a notice on the Aam Aadmi Party (AAP), seeking an explanation about the charges of receiving funds from dubious sources as alleged by a splinter group of the party. A similar notice has also been served on the Congress party...
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Posted Date : 11-Feb-2015 , 06:47:30 pm | Posted By CASANSAAR
Income Tax Department, Ministry of Finance, Government of India had initiated investigation into issuance of cheques by companies which are acting as entry operators to convert illegal cash into legitimate money. Recently in Kolkata, this investigation led to detection of substantial unaccounted inc...
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Posted Date : 11-Feb-2015 , 06:44:43 pm | Posted By CASANSAAR
10th February, 2015 ALL MEMBERS OF THE COUNCIL Dear Sir,The President, in terms of the authority given to him by the Council at its 331st meeting held in February, 2014, has constituted a Group comprising the following members, to review/finalise the draft amendments in the Chartered Account...
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Posted Date : 11-Feb-2015 , 08:35:22 am | Posted By CASANSAAR
The Supreme Court-appointed special investigation team (SIT) on black money expects the income tax department to recover Rs 10,000 crore by March 31 as tax and penalty for tax evasion from 300-odd Indians who hold illegal accounts in Swiss banks. "Under the supervision of the SIT, the I-T depar...
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Posted Date : 10-Feb-2015 , 08:43:14 pm | Posted By CASANSAAR
The Union Finance Minster Shri Arun Jaitley during his Budget Speech of 2014-15 announced that an entrepreneur friendly legal bankruptcy framework would be developed for SMEs to enable easy exit. Pursuant to the above announ...
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Posted Date : 10-Feb-2015 , 05:27:17 pm | Posted By CASANSAAR
Counting of votes has begun for the Delhi Assembly elections. It is being carried out at 70 centres across the city amidst tight security.Initial trends in the Delhi Assembly polls show that Aam Aadmi Party has taken an early lead in the counting with its candidates leading in 65 constituencies. &n...
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Posted Date : 10-Feb-2015 , 08:18:16 am | Posted By CASANSAAR
Financial Literacy is a critical success factor towards achieving the Government of India’s Vision of achieving complete Financial Inclusions. Basic financial knowledge is crucial to help our citizens become financially responsible as well as secure their financial future and motivate them to ...
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Posted Date : 10-Feb-2015 , 08:03:37 am | Posted By CASANSAAR
The Reserve Bank of India has asked banks to ensure they comply with rules regarding monitoring of export advances that flow into India, saying lenders needed to ensure that outbound shipments are carried out within the stipulated timeframe. “Banks should exercise proper due diligence...
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Posted Date : 09-Feb-2015 , 05:28:23 pm | Posted By CASANSAAR
A combination of domestic concerns and international developments pulled the markets down on Monday with the sensex closing nearly 500 points lower, its seventh consecutive session of losses. Expectations that Aam Admi Party (AAP) may win Delhi elections handing the first state election defeat ...
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Posted Date : 09-Feb-2015 , 08:25:51 am | Posted By CASANSAAR
A liquidity mismatch in the banking system prompted the RBI to step in on Saturday and offer a two-day window to banks to tide over the situation. On Friday, rates in the collateralized borrowing and lending obligation (CBLO) — a facility through which banks can adjust their liqui...
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Posted Date : 09-Feb-2015 , 08:21:12 am | Posted By CASANSAAR
Cracking its whip on entities using stock markets for evading taxes and laundering black money, the Securities and Exchange Board of India (Sebi) has decided to suspend trading in listed companies that are found to be used by such manipulators. The capital market watchdog has identified thr...
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Posted Date : 08-Feb-2015 , 09:32:41 am | Posted By CASANSAAR
We are really grateful to all of you as with your support, love and blessings today we are succeeded to some extent in becoming a helping hand for our Professional fellows. It’s not possible to revert anything in return of your love, support and blessings but as a small token of gra...
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Posted Date : 07-Feb-2015 , 09:01:37 pm | Posted By CASANSAAR
Out of the current year’s budget, the Government of India has decided to infuse Rs.6990 crores in nine Public Sector Banks (PSBs) for which orders are being issued. This year, the Government of India has adopted a new criteria in which the banks which are more efficient would only be...
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Posted Date : 07-Feb-2015 , 08:54:41 pm | Posted By CASANSAAR
Auditors of Jet Airways have raised red flag over the carrier’s ‘going concern’ status, saying the assumption is dependent on various factors including its synergy with Etihad and ability to raise funds. A company is termed as a ‘going concern’ if it has suffic...
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Posted Date : 07-Feb-2015 , 08:52:15 am | Posted By CASANSAAR
Kerala High Court on Friday has held that the priests and nuns drawing government salary were liable to pay income tax. Justice A K Jayasankaran Nambiar said that if the salary of priests and nuns working in government-aided institutions is submitted to the common pool of their congregation, such co...
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Posted Date : 06-Feb-2015 , 06:14:58 pm | Posted By CASANSAAR
The Central Government will the notify adoption of the proposed Indian Accounting Standards (Ind AS), the converged Indian version of International Financial Reporting Standards (IFRS), by March. The Ind AS will come into effect for the first time in 2016-17 Indian corporate balance sheets. Stock ex...
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Posted Date : 06-Feb-2015 , 08:45:49 am | Posted By CASANSAAR
Listed firms doled out nearly Rs 1,600 crore in terms of audit fee during 2013-14 financial year and about one-fourth of this amount was pocketed by 'big four' accounting firms. According to a report by Prime Database, as many as 1,404 listed companies paid a total audit fee of 1,598 crore in...
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Posted Date : 06-Feb-2015 , 08:34:49 am | Posted By CASANSAAR
In a bid to prevent money laundering and to combat financing terrorism, the Forward Markets Commission-FMC has issued guidelines for commodity markets.The guidelines, to be implemented with immediate effect, are broadly related to maintaining and monitoring of records of all transactions to help tra...
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Posted Date : 06-Feb-2015 , 08:28:11 am | Posted By CASANSAAR
Auditors are prodding the companies they audit to set their house in order before April next year, from when issues like fraud in a firm they examine could land them in jail. Under the new Companies Act, the board of directors and the auditors will be held responsible for fraud or discrepancies in c...
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Posted Date : 05-Feb-2015 , 08:24:23 am | Posted By CASANSAAR
Government-owned Department of Posts or India Post, Tech Mahindra, NSDL and NSE Strategic Investment Corporation are the surprise applicants for a payment bank licence, apart from the already known big names like Mukesh Ambani-owned Reliance Industries, Bharti Airtel’s Airtel M Commerce Servic...
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Posted Date : 05-Feb-2015 , 08:07:39 am | Posted By CASANSAAR
We are pleased to inform our members and students that ICAI National Helpline has been launched by Chief Guest Hon’ble Union Minister for Railways Shri CA. Suresh Prabhu, during the inaugural session of the International Conference held at Bangalore.ICAI National Helpline is an IVR based facil...
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Posted Date : 05-Feb-2015 , 08:02:18 am | Posted By CASANSAAR
Depositors who place their savings with a bank earn differential rates of interest based on the size of deposit — less than Rs 1 crore and above Rs 1 crore — and on the tenor of the deposit — the longer the period, more the interest. Additionally deposits up to Rs 1 crore can be wi...
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Posted Date : 05-Feb-2015 , 07:46:20 am | Posted By CASANSAAR
Mark Sheet of CA IPCC Nov 2014 - Rank 1 Add caption Mark Sheet of CA IPCC Nov 2014 - Rank 2 Mark Sheet of CA IPCC Nov 2014 - Rank 3...
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Posted Date : 04-Feb-2015 , 06:49:02 pm | Posted By CASANSAAR
List of Toppers of CA IPCC Nov 2014 Exams. ...
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- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
- Bank Branch Audit 2021 - Update on allotment of Branches
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- Police Atrocities towards CA in Faridabad - Its Time to be Unite
- Bank Branch Statutory Audit Updates 2019
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- Bank Branch Audit 2022 Updates
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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
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