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Posted Date : 04-Feb-2015 , 06:29:27 pm | Posted By CASANSAAR
IPCC November results are declared by ICAI, with the results the ICAI also announced the pass percentage of the IPCC November 2014 exams. Details of no. of students appeared, Passing ratio % of IPCC Nov 2014 exam will be given below. The Total Pass percentage for both the group is 6.20...
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Posted Date : 04-Feb-2015 , 08:51:46 am | Posted By CASANSAAR
The Reserve Bank of India on Tuesday increased the amount Indians can invest or spend abroad in foreign exchange without seeking its permission. Individuals can now buy property abroad, hold shares or debt instruments, or any other assets or purchase gifts up to limit of $250,000 (Rs 1.5 crore) per ...
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Posted Date : 04-Feb-2015 , 08:49:02 am | Posted By CASANSAAR
Concerned over latest shortfall in TDS revenue collections, the Income Tax department has decided to enhance prosecution action against large defaulters with the help of its specialised electronic database and processing centre created for this exclusive task. The department's Central Processin...
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Posted Date : 04-Feb-2015 , 08:42:31 am | Posted By CASANSAAR
Banks will soon have the power to convert loans into shares for taking over companies from truant borrowers while promoters who step in to turn around projects will have some breathing space. Lenders will be allowed to hold as much as 30% equity in a company and insert a conversion clause in loan do...
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Posted Date : 04-Feb-2015 , 08:29:44 am | Posted By CASANSAAR
You can now book a rail ticket online and get it delivered at home where the payment can be made. Initiating this "cash on delivery" (CoD) system rail ticketing, IRCTC is targeting those customers who are reluctant to use their credit or debit cards as well as those who don't have...
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Posted Date : 03-Feb-2015 , 10:15:59 pm | Posted By CASANSAAR
Reserve Bank of India today said it has received 72 applications for small finance banks and 41 applications for payment banks. Top corporate houses such as Reliance Industries Limited, Aditya Birla Group, Airtel, Vodafone and Future Group have approached the RBI to seek licences to set up small fin...
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Posted Date : 03-Feb-2015 , 05:51:13 pm | Posted By CASANSAAR
The price of petrol was today slashed by Rs 2.42 per litre while that of diesel was reduced by Rs 2.25, Press Trust of India reported. This is the tenth cut in the price of petrol since August last, and the sixth in case of diesel since its regulation in October. Fuel prices were last revised on Ja...
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Posted Date : 03-Feb-2015 , 11:21:51 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Tuesday held interest rates steady at 7.75 per cent after easing monetary policy just three weeks ago, leaving its next move probably until after the government presents its annual budget at the end of this month. Instead, the Reserve Bank of India cut the...
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Posted Date : 03-Feb-2015 , 07:17:46 am | Posted By CASANSAAR
In a bid to help people who have unclaimed deposits lying with banks, RBI today directed banks to prominently display such account holders' names on the websites and provide them with a "Find" option to locate the information easily. Banks should complete the action by March 31,...
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Posted Date : 02-Feb-2015 , 09:40:07 pm | Posted By CASANSAAR
It is found that some candidates while filling the examination application form (either online orphysical ) do not exercise reasonable care and commit errors and seek change ofCentre/Group/Medium, on account of errors committed by them in their examination applicationforms, after submission. ...
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Posted Date : 02-Feb-2015 , 06:40:58 pm | Posted By CASANSAAR
Keeping in mind the international job market for Indian Chartered Accountants, Institute of Chartered Accountant ofIndia (ICAI) is preparing a new curriculum, to be launched in 2016, ICAI officials said today. "There is plenty of opportunity for our CAs in foreign countries. Our new curr...
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Posted Date : 02-Feb-2015 , 08:04:55 am | Posted By CASANSAAR
Worried over a huge shortfall in TDS collections, CBDT has asked the Income Tax department to pull up its socks and initiate special measures to achieve the direct taxes collection target for this fiscal.Officials said the instructions were issued last week after a high-level 'video conference' meet...
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Posted Date : 31-Jan-2015 , 08:38:31 am | Posted By CASANSAAR
RBI has constituted a High Powered Committee under the Chairmanship of Deputy Governor R Gandhi to re-examine and recommend appropriate set of businesses, size, conversion and licensing terms for the Urban Cooperative Banking Sector. The committee will examine the line of businesses that UCBs may b...
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Posted Date : 30-Jan-2015 , 08:07:46 pm | Posted By CASANSAAR
Industry body Assocham and the Institute of Cost Accountants of India (ICAI) have jointly set up the country's first 'Virtual Centre for Development of MSMEs'. "The Centre will cater as a facilitator to MSMEs by addressing their issues, connecting them to global research a...
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Posted Date : 30-Jan-2015 , 07:55:03 pm | Posted By CASANSAAR
The Income Tax Department has been awarded GOLD by the Government of India under category “Cat-I-Excellence in Government Process Re-engineering” for National Award on e-governance 2014-15. The award has been conferred for “TDS Reconciliation Analysis & Correction Enabling Syst...
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Posted Date : 30-Jan-2015 , 05:38:52 pm | Posted By CASANSAAR
As government focuses on bringing back black money parked abroad, those having illegal wealth on foreign shores seem to be already working to bring it back, albeit unscrupulously. Directorate of Revenue Intelligence (DRI) has unearthed what looks like a Rs 2,700 crore racket to turn black money park...
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Posted Date : 30-Jan-2015 , 08:28:50 am | Posted By CASANSAAR
Chartered accountants meeting here for an international conference were urged to help build the country’s global competitiveness with modern and ethical auditing practices. Minister for Railways Suresh Prabhu, a chartered accountant himself, addressed the inaugural event of the Instit...
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Posted Date : 30-Jan-2015 , 08:10:42 am | Posted By CASANSAAR
Dismissing appeals filed by around 60 companies, the Supreme Court on Wednesday upheld the amendment to the Securitisation Act that gave power to every financial institution to decide a period after which a bad loan can be declared as a non-performing asset (NPA). Before the 2004 amendment ...
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Posted Date : 30-Jan-2015 , 08:01:50 am | Posted By CASANSAAR
A Swachh Bharat cess is likely to be imposed by way of a Service Tax amendment in the forthcoming Annual Budget. According to sources, The Finance Ministry proposes Swachh Bharat cess seeking Rs 1 lakh crore for Swachh Bharat Mission. The government hopes to mop up Rs 1 lakh crore ...
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Posted Date : 29-Jan-2015 , 08:45:18 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has said that it supports the NDA government’s decision to amend the Companies Act, 2013, by making it easier to get approvals for related party transactions by non-related shareholders through a simple resolution, instead of special resol...
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Posted Date : 28-Jan-2015 , 08:23:39 pm | Posted By CASANSAAR
To ensure hassle free credit to small borrowers, the RBI today directed banks to do away with the practice of obtaining ‘No Due Certificate’ from individual loan takers. The RBI said it received complaints from borrowers as banks were refusing to grant loans without ‘No Du...
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Posted Date : 28-Jan-2015 , 08:16:15 pm | Posted By CASANSAAR
In a decision aimed at improving the investment sentiment, the Cabinet Committee on Economic Affairs (CCEA) on Wednesday took a decision to not challenge against a Bombay High Court ruling that said Vodafone was not liable to pay a tax demand of Rs. 3,200 crore in a transfer pricing case. T...
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Posted Date : 28-Jan-2015 , 08:46:22 am | Posted By CASANSAAR
The result of the Chartered Accountants Intermediate (Integrated ProfessionalCompetence) Examination held in November, 2014 is likely to be declared on Wednesday,the 4th February, 2015 around 4.00 P.M. and the same as well as the merit list(candidates securing a minimum of 55% and above marks and up...
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Posted Date : 28-Jan-2015 , 08:13:36 am | Posted By CASANSAAR
Ahead of the Budget, Finance Minister Arun Jaitley(pictured) on Tuesday underlined the need for tax reforms and quick decision-making to ensure stability in policy regime. The minister also asked the Central Board of Excise and Customs (CBEC) officials to maintain a certain level of ...
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Posted Date : 28-Jan-2015 , 08:08:52 am | Posted By CASANSAAR
On the lines of income tax surveys of entities suspected of evading taxes, the Central Board of Excise and Customs (CBEC) has set up as many as 40 audit commissionerates across the country tasked to audit accounts of companies and survey their other operations to detect any tax evasion. The r...
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Posted Date : 27-Jan-2015 , 08:30:20 am | Posted By CASANSAAR
With many employees retiring from Delhi’s premier land-owning agency, the Delhi Development Authority (DDA) is in for a paradigm shift as it has begun hiring young professionals on a contractual basis. Officials said while 50 vacancies in two departments have already been filled up by this new...
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Posted Date : 26-Jan-2015 , 08:30:03 pm | Posted By CASANSAAR
Council Affairs/M-626/2015 24th January,2015 ALL MEMBERS OF THE COUNCIL Dear Sir, Pursuant to C&AG’s Report `Performance Audit on Appreciation of Third Party (Chartered Accountants) - Reporting in Assessment Proceedings’ for the year ended M...
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Posted Date : 26-Jan-2015 , 08:19:47 pm | Posted By CASANSAAR
U.S. President Barack Obama on Monday announced $4 billion in government-backed investments and lending to India, as he sought to scale up a trade relationship he said was "defined by so much untapped potential". At a CEO summit hosted by Prime Minister Narendra Modi in New Delhi, Obama s...
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Posted Date : 26-Jan-2015 , 10:02:34 am | Posted By CASANSAAR
Padma Vibhushan: 1 LK Advani- Public Affairs- Gujarat 2 Amitabh Bachchan- Art- Maharashtra 3 Prakash Singh Badal- Public Affairs- Punjab 4 Dr D Veerendra Heggade- Social Work- Karnataka 5 Mohammad Yusuf Khan alias Dilip Kumar- Art- Maharashtra 6 Jagadguru Ramanandacharya Swami Rambha...
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Posted Date : 24-Jan-2015 , 08:44:33 am | Posted By CASANSAAR
No. 1-CA(7)/167/2014.- Whereas certain draft regulations further to amend the CharteredAccountants Regulations, 1988, were published as required by sub-section (3) of section 30of the Chartered Accountants Act, 1949 (38 of 1949), in the Gazette of India, Extraordinary,Part III, Section 4, dated the ...
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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
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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
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- 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
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- Maha expects Rs 15 crore entertainment tax revenue from IPL
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- 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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