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Posted Date : 02-Oct-2014 , 07:55:35 am | Posted By CASANSAAR
Bankers have sought clarity from the finance ministry on treatment of additional tier-I bonds under Basel-III guidelines that prescribe how much capital banks should hold. The government has been pushing banks to raise capital through this instrument, popularly known as AT1 bonds, to meet fund requi...
Continue Reading... Category : Banking | Comments : 0 | Hits : 373
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Posted Date : 02-Oct-2014 , 07:45:04 am | Posted By CASANSAAR
In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.87/2014-CUSTOMS (N.T.), dated the 18th September, 2014 vide number S.O. 24...
Continue Reading... Category : Excise | Comments : 0 | Hits : 428
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Posted Date : 01-Oct-2014 , 02:39:27 pm | Posted By CASANSAAR
October 1, 2014 Empanelment of members for the assignment of “Checkers” for CA examinations to be held in November 2014Checking of totaling of marks etc in the answer books of CA examinations, after they have been evaluated by the examiners, is being assigned/carried out by members of t...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 2426
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Posted Date : 01-Oct-2014 , 02:24:43 pm | Posted By CASANSAAR
Considering the consecutive holidays owing to the festive season and weekend during the first week in the month of October, 2014, the Central Board of Direct Taxes has issued an order to extend the last date of deposit of tax deducted at source/tax collected at source during the month...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1717
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Posted Date : 01-Oct-2014 , 08:17:46 am | Posted By CASANSAAR
The capital market watchdog Sebi's nod for the clearing house is subject to various conditions, including that a Managing Director and Compliance Officer is appointed "at the earliest". MCX-SXCCL were among the entities where Jignesh Shah-led FTIL was asked by the regulator to divest stake in t...
Continue Reading... Category : General | Comments : 0 | Hits : 376
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Posted Date : 01-Oct-2014 , 08:11:50 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi), which regulates stock markets in India, has clarified that entities structured as Limited Liability Partnerships (LLPs) can also be admitted as sub-brokers. Sub-brokers work under the broker, working like branches of the main broker in various locat...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 367
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Posted Date : 01-Oct-2014 , 08:04:25 am | Posted By CASANSAAR
The Reserve Bank of India, RBI, relaxed Know Your Customer, KYC norms by allowing self-certification of documents for opening bank accounts. RBI has asked banks to allow self-certified copy of the document by mail, or post for opening an account. Banks have also been asked not to seek fresh d...
Continue Reading... Category : RBI | Comments : 0 | Hits : 617
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Posted Date : 30-Sep-2014 , 03:12:06 pm | Posted By CASANSAAR
Empanelment of members to act as Observers for CA examinations/Common Proficiency Test (CPT) to be held in November/December 2014ICAI had invited applications from eligible members to undertake the assignment of Observers in the CA examinations/CPT to be held in Nov. 2014 vide announcement dated 29t...
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Posted Date : 30-Sep-2014 , 03:00:35 pm | Posted By CASANSAAR
The Reserve Bank of India did not spring up any surprise move in its fourth bi-monthly monetary policy review. The central bank has kept key rates unchanged. This is the fourth consecutive time that the RBI has kept key interest rates unchanged despite clamours from the industry to cut rate...
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Posted Date : 30-Sep-2014 , 08:18:15 am | Posted By CASANSAAR
Acknowledging that the Supreme Court order on mass cancellation of coal block licences may impact banks' asset quality, Financial Services Secretary G S Sandhu said yesterday that banks will approach RBI for restructuring such assets. Speaking to media persons in Mumbai yesterday Sandhu said, e...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 599
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Posted Date : 30-Sep-2014 , 08:14:00 am | Posted By CASANSAAR
Concerned over low luxury tax collection, theexcise department has geared up to clamp down on hotels,banquet halls, Spa evading luxury tax in the national capital. The department, which is also in-charge of luxury tax collections in Delhi, will take the help of law enforcemen...
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Posted Date : 30-Sep-2014 , 08:04:27 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) on Monday granted conditional one-year renewal of recognition to MCX-SX Clearing Corporation, which were among the entities in which Jignesh Shah-led Financial Tech or FTIL was asked by the regulator to divest its stake. Capital market watchdog Sebi...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 251
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Posted Date : 29-Sep-2014 , 08:58:37 am | Posted By CASANSAAR
Taking a stern view of the undue "harassment" of taxpayers during scrutiny of their cases, the CBDT has issued orders asking the I-T department to complete these enquiries in quick time and not drag them "unnecessarily". Compulsory scrutiny cases have been a matter of grieva...
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Posted Date : 29-Sep-2014 , 08:57:44 am | Posted By CASANSAAR
The Reserve Bank of India is nudging banks to mine Facebook, Twitter and other social media data to access customers’ social profiles and possibly gain insights into individual customer behaviour. RBI deputy governor, HR Khan, at a September 16 presentation in a conference in Mumbai, ...
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Posted Date : 29-Sep-2014 , 08:48:04 am | Posted By CASANSAAR
Net direct tax collection so far in the current fiscal stood at Rs 2.60 lakh crore, said a senior finance ministry official. The gross direct tax collection till September 26, 2014-15 fiscal, was at Rs 3.37 lakh crore. Of this, corporate tax contributed was Rs 1.55 lakh crore during the period, th...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 361
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Posted Date : 28-Sep-2014 , 01:50:41 pm | Posted By CASANSAAR
ustice Handyala Lakshminarayanaswamy Dattu was on Sunday sworn in as the 42nd Chief Justice of India by President Pranab Mukherjee. 63-year-old Justice Dattu took oath in the name of God at a brief ceremony held at the chandeliered Durbar Hall of the Rashtrapati Bhawan. Vice Presid...
Continue Reading... Category : General | Comments : 0 | Hits : 395
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Posted Date : 27-Sep-2014 , 02:34:55 pm | Posted By CASANSAAR
A special court in Bangalore, Saturday, deferred its verdict in the 18-year-old Rs 66.65 crore disproportionate assets case against Tamil Nadu Chief Minister ​Jayalalithaa till 3 pm. According to sources, the Tamil Nadu Chief Minister told the court that ...
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Posted Date : 27-Sep-2014 , 08:35:30 am | Posted By CASANSAAR
As per the provisions of the Income-tax Act, 1961 (the Act), for an assessee, who is required to obtain Tax Audit Report (TAR) under section 44AB of the Act, the due date for furnishing his return of income is 30th September of the Assessment Year. The Central Board of Direct Taxes (the Board...
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Posted Date : 27-Sep-2014 , 08:33:03 am | Posted By CASANSAAR
Market regulator Sebi on Friday notified norms for listing of business trust structures, REITs and InvITs that would help attract more funds in a transparent manner into realty and infrastructure sectors. Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (InvITs), whose norms ...
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Posted Date : 27-Sep-2014 , 08:28:32 am | Posted By CASANSAAR
The Delhi High Court questioned why Facebook Inc is not paying any service tax when Google is doing so and directed the Centre to file a "better affidavit" on the issue. "How is Google paying (service tax), but not Facebook? How is Facebook exempted? We are finding it difficult to understand," a be...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 850
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Posted Date : 26-Sep-2014 , 04:39:57 pm | Posted By CASANSAAR
Rating agency Standard & Poors has reversed its opinion about the Indian economy and upgraded the rating outlook to stable from negative while maintaining the credit rating at BBB-. This is a major change from its position last year when it said India faces one in three chances of a downg...
Continue Reading... Category : International Business | Comments : 0 | Hits : 380
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Posted Date : 26-Sep-2014 , 07:51:21 am | Posted By CASANSAAR
The Bombay high court on Thursday directed the Central Board of Direct Taxes(CBDT) to consider an extension of the due date for filing of income tax (I-T) returns by non-salaried taxpayers to November 30 from September 30. Non-salaried taxpayers, who are ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 2154
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Posted Date : 26-Sep-2014 , 07:41:13 am | Posted By CASANSAAR
The Finance Ministry has made it clear that 'taxable services' provided by members of a joint venture to a JV and vice-versa will attract service tax. This will be the case when the 'taxable services' are provided for consideration, the Finance Ministry had said in a circular on Wednesday. ...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 556
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Posted Date : 26-Sep-2014 , 07:39:41 am | Posted By CASANSAAR
The Chamber of Tax Consultants vs. UOI (Bombay High Court) September 25th, 2014 Non-Extension Of due date for filing ROI will cause “substantial hardship“. CBDT must look into practical difficulties & take “just and proper” decision before 30.09.2014  ...
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Posted Date : 25-Sep-2014 , 09:49:09 pm | Posted By CASANSAAR
Heavy Industries and Public Enterprises Minister Anant Geete today said, a Joint Venture of Maharatnas will be formed to help revive sick Public Sector Undertakings. Addressing a Press conference in New Delhi this evening, Mr Geete said, out of 11 sick PSUs, process for reviving five has starte...
Continue Reading... Category : Finance | Comments : 0 | Hits : 401
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Posted Date : 25-Sep-2014 , 02:36:00 pm | Posted By CASANSAAR
LATEST & Most Awaited News from Delhi High Court in case of Mahesh Kr & Co. Vs UOI & ors WP 5990/14 reg issue of furnishing Tax Audit Report subsequent to filing of ITR & Dt.extension.-- Petitioner's Counsel Ms Rashmi Chopra gracefully seeks permission to withdraw. Court order...
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Posted Date : 25-Sep-2014 , 12:22:11 pm | Posted By CASANSAAR
The Supreme Court onThursday struck down the National Tax Tribunal Act, holding it unconstitutional. A Constitutional Bench of the apex court, headed by Chief Justice R.M. Lodha, said that Parliament could not take away the powers of the judiciary and rest them in a tribunal which is not a ...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 700
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Posted Date : 25-Sep-2014 , 08:06:00 am | Posted By CASANSAAR
Independent directors should not see the new company law provisions governing their functioning as “onerous”, said a top Corporate Affairs Ministry (MCA) official. There need not be any apprehension that the new company law has loaded independent directors with more work and mad...
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Posted Date : 25-Sep-2014 , 08:02:16 am | Posted By CASANSAAR
You can get tax relief by contributing towards the Clean Ganga project. The Government has announced setting up a Clean Ganga Fund (CGF) to help in the Integrated Ganga Conservation Mission called ‘Namami Gange.’ The Union Cabinet on Wednesday gave its approval for the fund. &ld...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 758
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Posted Date : 25-Sep-2014 , 07:59:59 am | Posted By CASANSAAR
For the first time in the country, leading commodity exchange NCDEX is set to launch a pan-India forward contract on its electronic platform starting Thursday for facilitating trade between Farmer Producer Organisations (FPOs) and bulk buyers of agricultural commodities. Titled ‘Agrim...
Continue Reading... Category : Shares & Stock | Comments : 0 | Hits : 337
- 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
- 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
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- Maha expects Rs 15 crore entertainment tax revenue from IPL
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- 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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