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Posted Date : 27-Dec-2014 , 10:28:02 pm | Posted By CASANSAAR
The Union Cabinet had approved the promulgation of the Insurance Laws (Amendment) Ordinance 2014 to amend the Insurance Act, 1938, the General Insurance Business (Nationalisation) Act, 1972 and the Insurance Regulatory and Development Authority Act, 1999, in accordance with the Insurance Laws (Amend...
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Posted Date : 27-Dec-2014 , 10:21:01 pm | Posted By CASANSAAR
Form 24G Return Preparation Utility (RPU) and File Validation Utility (FVU) Version 1.4 for the Form 24G Statements from FY 2005-06 onwards released (26/12/2014) Key features of NSDL Return Preparation Utility (RPU) version 1.4 Quoting of structurally valid TAN of DDO: Quoting of...
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Posted Date : 26-Dec-2014 , 09:12:24 pm | Posted By CASANSAAR
More than nine months since the new companies law came into force, most executives feel that the legislation is more "user-friendly" compared to the previous one, according to a survey. However, majority of respondents said it would be challenging for listed companies to comply with provisi...
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Posted Date : 26-Dec-2014 , 09:08:15 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley asked the Indian Revenue Service (IRS-Customs &Central Excise) officer trainees to be both firm and fair in their dealing with the tax assesses. He said that they have to maintain a fine balance between what taxes are to be charged and what not to be ...
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Posted Date : 26-Dec-2014 , 02:12:38 pm | Posted By CASANSAAR
Tax liability of government contractors or suppliers should be examined properly to check leakage of any revenue, the Central Vigilance Commission (CVC) has said. The probity watchdog, in a fresh set of guidelines issued to all Central government ministries or departments, has said that award o...
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Posted Date : 26-Dec-2014 , 10:41:00 am | Posted By CASANSAAR
Your local tax office head would now set aside a day just to meet you and address your woes related to the department. Apex direct and indirect taxes bodies have identified a number of measures to deepen engagement with taxpayers for better services as part of the Narendra Modi government's good gov...
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Posted Date : 26-Dec-2014 , 08:13:22 am | Posted By CASANSAAR
“E-Book” on “Good Governance: Ministry of Finance” FOREWORD The Government attaches utmost importance to the need for improving Governance and service delivery to the common man. One of the important tenets in this direction is the effective use of...
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Posted Date : 25-Dec-2014 , 02:04:03 pm | Posted By CASANSAAR
Today Prime minister Nominated 9 Persons/Organizations to be part of Swachhta Abhiyan. It includes Institute of Chartered Accountants of India (ICAI). He said ICAI is very Big Organization at National level. They are doing cleaning process in Accounting and should also Participate in Swach...
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Posted Date : 25-Dec-2014 , 10:17:50 am | Posted By CASANSAAR
Corporate Debt Restructuring cell of Reserve Bank of India, which has eased loan repayment worth Rs 3.7 lakh crore for top-end businessmen of the country, has refused to reply to an RTI query about its operations saying transparency law does not apply on it. Former Information Commissioner...
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Posted Date : 24-Dec-2014 , 10:42:42 pm | Posted By CASANSAAR
The Delhi High Court on Wednesday questioned Reserve Bank of India's decision to put a cap on withdrawals by banking customers using their ATM cards, saying account holders were being "unneccesarily taxed". As per RBI's new guidelines, bank customers in six metros -- Delhi, Mumbai, Chennai, Kolkata...
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Posted Date : 24-Dec-2014 , 04:30:20 pm | Posted By CASANSAAR
The union cabinet Wednesday approved two key ordinances: one to hike foreign equity cap in the insurance sector, and the other to hold auctions for cancelled coal blocks. The government took the ordinance report as the two legislations could not be passed in the just-concluded sessio...
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Posted Date : 24-Dec-2014 , 04:20:02 pm | Posted By CASANSAAR
Former prime minister and BJP veteran Atal Bihari Vajpayee and freedom fighter Madan Mohan Malaviya will be honoured with the country's highest civilian award the “Bharat Ratna”, the government announced on Wednesday. A statement from President Pranab Mukherjee's office ...
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Posted Date : 24-Dec-2014 , 08:37:55 am | Posted By CASANSAAR
List of Candidates declared elected for ICSI Election to the Council from Northern India Regional Constituency. 1. Pandey Ranjeet Kumar 2. Chaudhary Vineet K. 3. Agrawal Shyam 4. Singh Satwinder 5. Bajaj Rajiv....
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Posted Date : 24-Dec-2014 , 08:31:40 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi), the income-tax department and the special investigative team (SIT) on black money are learnt to be spearheading a multi-agency probe into an alleged flow of unaccounted money through 100 listed companies. According to sources, Sebi&n...
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Posted Date : 24-Dec-2014 , 08:22:25 am | Posted By CASANSAAR
The income tax department is creating a central repository of judicial decisions to facilitate tax-related litigation and online searches. "The National Judicial Reference System (NJRS) is expected to become operational by March next year," Gagan Rai, MD and CEO at NSDL e-Governance Infrastructure, ...
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Posted Date : 23-Dec-2014 , 09:07:20 pm | Posted By CASANSAAR
The deadline for exchanging pre-2005 currency notes of various denominations, including Rs 500 and Rs 1,000, has been extended by another six months till June, 30, 2015. "The Reserve Bank of India has stated that the public can do so till June 30, 2015. Earlier in March 2014, it had set the last da...
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Posted Date : 23-Dec-2014 , 04:51:05 pm | Posted By CASANSAAR
Assembly Elections-2014 JHARKHAND (81) JAMMU & KASHMIR (87) Party Lead Won Tot BJP 15 21 36 AJSU 2 3 5 INC 3 3 6 RJD 1 0 1 JDU 0 0 0 JMM 2 16 18 JVM 2 5 7 TMC 0 0 0 OTH 6 2 8 TO...
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Posted Date : 23-Dec-2014 , 08:19:00 am | Posted By CASANSAAR
CASANSAAR offers a Golden opportunity for Professionals, where they could create their own stunning website with multiple designs and templates to choose. It will be completely your own space, which is going to be a Dynamic Website and could be edited as per your wish. ...
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Posted Date : 23-Dec-2014 , 07:26:21 am | Posted By CASANSAAR
Over 50 companies are being investigated by the Securities & Exchange Board of India (Sebi) for what the market regulator suspects are activities aimed atmoney laundering and tax evasion in unheard of shares, which have seen sharp price spikes in recent months. Already, ...
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Posted Date : 22-Dec-2014 , 09:26:03 pm | Posted By CASANSAAR
The amount of bad loans written off or restructured by the public sector banks (PSB) has more than doubled in the past three years ending March 2014 to Rs 42,447 crore. The rise in bad loans is being attributed to a slowdown in the economy which slipped to below five per cent in the two c...
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Posted Date : 21-Dec-2014 , 07:46:59 pm | Posted By CASANSAAR
People have only 11-days left to exchange currency notes of various denominations, including 500 and 1,000, which were printed before 2005.The deadline for exchanging the pre-2005 notes is January 1, 2015.The Reserve Bank has so far shredded 144.66 crore such notes valued at Rs 52,855 crore since th...
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Posted Date : 21-Dec-2014 , 06:55:27 pm | Posted By CASANSAAR
Report no.-32 of 2014-Union Government (Department of Revenue-Direct Taxes) – Report of the Comptroller and Auditor General of India on Performance Audit on Appreciation of Third Party (Chartered Accountant) Reporting in Assessment Proceedings. The Report has been laid on the table of...
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Posted Date : 21-Dec-2014 , 06:30:01 pm | Posted By CASANSAAR
The Comproller & Auditor General of India (CAG) has issued a report No. 32 of 2014 setting out the results of the performance audit of “Appreciation of Third Party (Chartered Accountant) Certification in Assessment Proceedings of the Department of Revenue”. The report makes ...
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Posted Date : 21-Dec-2014 , 06:14:40 pm | Posted By CASANSAAR
Source :- CAG Report...
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Posted Date : 20-Dec-2014 , 02:24:44 pm | Posted By CASANSAAR
In its biggest ever crackdown for suspected tax evasion and laundering of black money through stock trading platforms, Sebi today barred 260 entities, including individuals and companies, from the securities markets. While Sebi would further probe these cases, it has also decided to refer t...
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Posted Date : 20-Dec-2014 , 08:56:49 am | Posted By CASANSAAR
Coming down heavily on Chartered Accountants hired by the Income Tax department, a CAG report today said their failure to submit correct tax information resulted in levying of lower taxes by as much as Rs 2,813.11 crore in 367 cases surveyed. "We found cases where the CAs failed to report full ...
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Posted Date : 20-Dec-2014 , 08:54:16 am | Posted By CASANSAAR
Taking cognizance of a number of complaints from assessees who said they were "coerced" by I-T officials to admit having black money, the CBDT has issued a stern warning to the taxmen asking them to "strictly avoid" indulging in acts which later embarrass the entire department. The CBDT said an...
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Posted Date : 20-Dec-2014 , 08:44:54 am | Posted By CASANSAAR
e-TDS/TCS FVU version 4.5 for quarterly e-TDS/TCS statement pertaining to FY 2010-11 onwards and e-TDS/TCS FVU version 2.141 from FY 2007-08 to FY 2009-10 released and made available on NSDL website wef 20.12.2014. Key features of FVU version 4.5 &nb...
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Posted Date : 19-Dec-2014 , 10:04:19 pm | Posted By CASANSAAR
The Finance Ministry has approved 8.75 per cent interest rate on Provident Fund, PF deposits for the year 2014-15. This rate of interest on PF deposits will now be notified by the Labour Ministry as well as by the Income Tax Department. The decision will be implemented from the date of notification....
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Posted Date : 19-Dec-2014 , 09:08:01 pm | Posted By CASANSAAR
Following are the salient features of this Bill: • A new Article 246A is proposed which will confer simultaneous power to Union and State legislatures to legislate on GST. • A new Article 279A is proposed for the creation of a Goods & Services Tax Council which will be a join...
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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
- 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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