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Posted Date : 25-Nov-2014 , 03:31:42 pm | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI) said on Monday it is revising the rules for offshore derivative instruments (ODIs) to bring them in line with new foreign investment norms approved earlier this year. According to the SEBI statement on Monday, ODIs will now have to be consis...
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Posted Date : 25-Nov-2014 , 08:26:42 am | Posted By CASANSAAR
A High-level search panel headed by Reserve Bank Governor Raghuram Rajan has shortlisted 10 Executive Directors for the post of Chairman and Managing Director (CMD) in eight public sector banks. Bank of Baroda Executive Directors (ED) B B Joshi and P Srinivas, Punjab & Sind Bank's M K ...
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Posted Date : 25-Nov-2014 , 08:26:35 am | Posted By CASANSAAR
The president of chartered accountants body ICAI, K Raghu, has been elected to the board of International Federation of Accountants (IFAC). Raghu has been elected for a three-year period starting from November this year. IFAC, a global body for the accountancy professio...
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Posted Date : 25-Nov-2014 , 08:22:57 am | Posted By CASANSAAR
Amid concerns about the possible misuse of Offshore Derivative Instruments, or P-Notes, for money laundering and other such purposes, Sebi on Monday directed foreign investors to ensure compliance with all necessary norms before issuing such notes with immediate effect. While exis...
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Posted Date : 25-Nov-2014 , 08:19:56 am | Posted By CASANSAAR
India has the potential to become the international back office ofinternal audit services by meeting the demands of multinational companies, saidHal Garyn, vice-president, professional practices at the Institute of Internal Auditors(IIA), a global professional grouping. The inter...
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Posted Date : 24-Nov-2014 , 06:12:23 pm | Posted By CASANSAAR
A "whole set of second generation reforms" will be unveiled in the next Union Budget, Finance Minister Arun Jaitley said on Sunday, promising "a lot of exciting time ahead". The country needs "a larger opening out in more sectors," it requires stability of policy and tax regime be...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 344
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Posted Date : 24-Nov-2014 , 08:32:47 am | Posted By CASANSAAR
The market regulator Securities and Exchange Board of India (SEBI) has said it aims to reduce the time period between closing of an initial public issue and commencement of trading at the stock exchanges to five-six days. Currently it takes 12 days. “The SEBI board, in its meeting on ...
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Posted Date : 24-Nov-2014 , 08:23:45 am | Posted By CASANSAAR
In a move that is likely to draw opposition from some states, the Centre is going to propose subsuming in the proposed goods & services tax (GST) all types of entry tax, including the one for local bodies, when it tables the Constitution Amendment Bill in Parliament. The Bill also seek...
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Posted Date : 23-Nov-2014 , 10:22:11 pm | Posted By CASANSAAR
Employee unions of public sector banks across the country will go on zone-wise relay strike from December 2 to 5 to press for wage revision. The public sector bankemployees had stopped work on November 12 on the wage issue, affecting services like cheque clearance and withdrawal from ...
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Posted Date : 23-Nov-2014 , 01:45:57 pm | Posted By CASANSAAR
The Reserve Bank has asked banks to exercise caution before making payments to customers claiming funds lying idle in inoperative accounts. "Banks are advised to invariably verify the genuineness of the transactions and ensure that the amounts paid to the customers are properly audited ...
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Posted Date : 22-Nov-2014 , 08:58:51 am | Posted By CASANSAAR
Enforcement directorate is going to summon some senior officials of the Institute of Chartered Accountants of India (ICAI) as the institute had failed to initiate action against the chartered accountants (CAs) involved in chit fund scams. The accused CAs had vouched false audit reports. When the SF...
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Posted Date : 22-Nov-2014 , 08:52:36 am | Posted By CASANSAAR
Reserve Bank of India on Friday alerted the public about fraudsters perpetrating fraud by issuing credit cards in its name. Explaining the modus operandi, the Reserve Bank stated that the gullible member of the public is sent a credit card which allows withdrawal of money up to a ...
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Posted Date : 21-Nov-2014 , 05:21:11 pm | Posted By CASANSAAR
The Reserve Bank of India has asked banks to inform their customers about a fall in minimum balance well in advance. The apex bank has also directed that penal charges should be levied only to the extent of shortfall in such balances. The guidelines with respect to levying of penal charges for non-m...
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Posted Date : 21-Nov-2014 , 02:14:20 pm | Posted By CASANSAAR
Application Form for the Information Systems Audit (ISA) Assessment Test - December, 2014 [Last Date - 4th December, 2014] Online Application Form Hard Copy Application Form...
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Posted Date : 21-Nov-2014 , 08:06:44 am | Posted By CASANSAAR
Amid its efforts to improve ease of doing business in the country, the government has decided to revisit rules related to the Companies Act, 2013, by doing away with or amending several provisions which were considered harsh by industry & Professionals. According to the proposal floated...
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Posted Date : 21-Nov-2014 , 07:41:08 am | Posted By CASANSAAR
The Reserve Bank of India said on Thursday the time by which exporters can repatriate the full value of goods and services has been reduced to nine months from 12 from the date of export. The rule will be applicable to all exporters, including units in special economic zones, export-oriente...
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Posted Date : 20-Nov-2014 , 08:07:13 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley said that the Government has taken steps to streamline the process of appointment of Chief Executive Officers (CEOs) and Executive Directors (EDs) of the Public Sector Banks(PSBs) to introduce objectivity in the process. This will play a major role ...
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Posted Date : 20-Nov-2014 , 07:57:27 pm | Posted By CASANSAAR
The board of Kotak Mahindra Bank has approved a merger with ING Vysya Bank. Kotak Mahindra Bank and ING Vysya Bank are private sector banks, offering a wide range of financial services. The combined entity will have over 1,200 branches across the country and a market value of nearly Rs 1 la...
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Posted Date : 19-Nov-2014 , 10:36:15 pm | Posted By CASANSAAR
Finding "serious irregularities" in the functioning of Delhi Stock Exchange, Sebi today withdrew the recognition granted to the bourse. The capital market watchdog has also observed that activities of DSE were "carried out in a manner contrary to the interest of the investors." "...hereby ...
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Posted Date : 19-Nov-2014 , 10:24:01 pm | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) on Wednesday approved new insider trading rules that will replace a two-decade old law seen as inadequate to curb trading violations. The new rules, which are based on recommendations that were first revealed late last year, broade...
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Posted Date : 19-Nov-2014 , 10:22:31 pm | Posted By CASANSAAR
The Reserve Bank on Wednesday asked taxpayers to deposit income tax dues in advance at RBI or authorised bank branches to avoid last minute rush at December end. "Pay IT dues in advance at RBI or at authorised bank branches. The RBI appeals to income tax assessees to remit their income tax ...
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Posted Date : 19-Nov-2014 , 06:00:17 pm | Posted By CASANSAAR
Shifting of Exam Centre at Ajmer, Chandigarh, Chennai, Ernakulam, Hyderabad, Indore, Jaipur, Jodhpur, Kolkata/Howrah, New Delhi, Patna - For Intermediate Paper-4 on 23rd November, 2014. - ICAI Change of Venue in Ajmer, Chandigarh, Chennai, Ernakulam, Hyderabad, Indore, Jodhpur, Kolkata/Howrah , N...
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Posted Date : 19-Nov-2014 , 05:56:51 pm | Posted By CASANSAAR
ANNOUNCEMENT Draft amendments in the Chartered Accountants Regulations, 1988 notified in the Gazette of India vide Notification No. 1-CA(7)/167/2014 dated 10th September, 2014 The Council at its 337th meeting held on 29th, 30th and 31st October, 2014 in the office of the Institute at...
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Posted Date : 19-Nov-2014 , 08:42:31 am | Posted By CASANSAAR
Madras High Court bench here today ordered notice to Reserve Bank of India and the Indian Banks Association on a PIL seeking to quash the recent circulars by the apex bank regulating the number of free ATM transactions in six metros from November 1. A division bench comprising Justice V Dhanapa...
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Posted Date : 19-Nov-2014 , 08:31:06 am | Posted By CASANSAAR
The Bombay High Court on Tuesday ruled in favour of Shell in a transfer-pricing order that sought to tax the energy giant’s 2009 investment in its Indian subsidiary. The order will have an impact on other multinationals fighting the tax department on similar grounds. The income-tax ...
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Posted Date : 19-Nov-2014 , 08:26:22 am | Posted By CASANSAAR
Be careful of friends and followers. Some banks have started using Facebook and Twitter to try and keep track of students who have taken education loans from them, casting a wider net to keep defaults in check. When payments are delayed, these banks use information available on social networkin...
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Posted Date : 18-Nov-2014 , 05:48:23 pm | Posted By CASANSAAR
In continuation of the Important Announcement dated 16th November, 2014, the venue for Group – I, Paper -4 – Taxation of Intermediate (IPC) Examination to be held on 23rd November 2014 (Sunday) has been changed, as given below, for some of the candidates in Jaipur and Patna:...
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Posted Date : 18-Nov-2014 , 08:29:27 am | Posted By CASANSAAR
A delegation representing TAR/Save Certification rights group, comprising CA. Amresh Vashist (Meerut), CA. Deep Jain(Faridabad), CA. Vivek Khurana Founder - CASANSAAR (New Delhi) and CA. M.K.Arora(Noida), met with the worthy President of ICAI, at New Delhi. This delegation handed over to th...
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Posted Date : 18-Nov-2014 , 08:19:28 am | Posted By CASANSAAR
Gujarat bureaucrat Hasmukh Adhia has been nominated as a director on the Central Board of Directors of the Reserve Bank of India. The 1981-batch IAS officer, who hails from Rajkot, was nominated by the Central government to replace Gurdial Singh Sandhu. "The Central Gover...
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Posted Date : 18-Nov-2014 , 08:14:54 am | Posted By CASANSAAR
In a major reshuffle, the Income Tax department has issued mass transfer and promotion orders to about 500 tax officials across the country. The transfers on Saturday, included officials of the rank of Commissioner of Income Tax, Director of Income Tax, Chief Commissioner, Director General, Pri...
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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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