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Posted Date : 24-Sep-2014 , 08:10:02 pm | Posted By CASANSAAR
The government's decision to amend the Employees Pension Scheme, 1995 (EPS-95) run by Employees' Provident Fund Organisation (EPFO) to provide a minimum monthly pension of Rs 1,000 will immediately benefit an estimated 32 lakh pensioners who get less than the aforementioned amount. ...
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Posted Date : 24-Sep-2014 , 04:15:35 pm | Posted By CASANSAAR
Indian state-run lender IDBI Bank Ltd has close to Rs. 20 billion ($328 million) loan exposure to companies affected by a Supreme Court order scrapping coal blocks but not all of it will be problematic, the lender's head said on Wednesday. "We are assessing," M.S. Raghavan, ...
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Posted Date : 24-Sep-2014 , 03:43:54 pm | Posted By CASANSAAR
In a Writ Filed to Madras High Court for the Extension of Income Tax Returns due date, Madras High Court directs CBDT to Extend Due Date of filing ITR to 30/11/2014. Extension order be passed before 30/09/2014. Waiting for the details....
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Posted Date : 24-Sep-2014 , 02:50:12 pm | Posted By CASANSAAR
The 4 coal blocks that were spared are government-run, non joint ventures. Two of the exempted coal blocks are in Madhya Pradesh and two in Jharkhand. The apex court gave "six months" breathing time to the coal blocks that are already operational. The 42 blocks would till then b...
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Posted Date : 24-Sep-2014 , 01:39:55 pm | Posted By CASANSAAR
Mumbai University will frame the exam time-table for TYBCom students on odd days to avoid clashes with the chartered accountancy intermediate (IPC) exam. Since many university students appear for IPC and not CA final exam in November, officials have decided to start the exams post November...
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Posted Date : 24-Sep-2014 , 10:03:39 am | Posted By CASANSAAR
In the High Court at Hyderabad for the States of Telangana and Andhra Pradesh, AIFTP –South Zone represented by Vice President for the State of Telangana and Vice President –Andhra Pradesh have filed two Writ Petition Nos. 28159 & 28672 of 2014 questioning the&nbs...
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Posted Date : 24-Sep-2014 , 08:50:12 am | Posted By CASANSAAR
Finally the moment has arrived as India has created history in space. The country's first interplanetary mission Mars Orbiter Mission (MOM) entered the Martian orbit at around 8 am on Wednesday morning. Prime Minister Narendra Modi was there to witness the...
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Posted Date : 24-Sep-2014 , 08:07:03 am | Posted By CASANSAAR
A panel set up by the Reserve Bank of India has proposed that the Government and the RBI should consider laying a road map for prescribing certain specific qualification or certification while considering appointment of directors on the board of commercial banks. It also proposed that a Bankin...
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Posted Date : 24-Sep-2014 , 08:03:54 am | Posted By CASANSAAR
The MCX Stock Exchange (MCX-SX) has a new name. According to a press release, the bourse has received the Securities and Exchange Board of India (Sebi)’s approval to rename it Metropolitan Stock Exchange of India (mSXI). The name change is part of the revamp the exchange ha...
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Posted Date : 23-Sep-2014 , 05:35:34 pm | Posted By CASANSAAR
e-TDS / e-TCS returns prepared for FY 2005-06 and onwards (i.e. Forms 24Q, 26Q, 27Q and 27EQ) can be validated using this utility. The e-TDS/TCS FVU is a Java based utility. JRE (Java Run-time Environment) [versions: SUN JRE: 1.4.2_02 or 1.4.2_03 or 1.4.2_04or IBM JRE:&nb...
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Posted Date : 23-Sep-2014 , 05:26:49 pm | Posted By CASANSAAR
e-TDS / e-TCS returns prepared for FY 2005-06 and onwards (i.e. Forms 24Q, 26Q, 27Q and 27EQ) can be validated using this utility.The e-TDS/TCS FVU is a Java based utility. JRE (Java Run-time Environment) [versions: SUN JRE: 1.4.2_02 or 1.4.2_03 or 1.4.2_04or IBM JRE: 1...
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Posted Date : 23-Sep-2014 , 02:41:03 pm | Posted By CASANSAAR
State-owned Syndicate Bank on Tuesday said that it has terminated its suspended chairman and managing director Sudhir Kumar Jain's term, with immediate effect. "Syndicate Bank has informed the Exchange that the Central Government (vide their letter dated 22.09.2014), in terms of Sub-Clause ...
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Posted Date : 23-Sep-2014 , 11:58:35 am | Posted By CASANSAAR
Department of Financial Services, Ministry of Finance, Government of India has issued instructions that in case people are already holding bank accounts, they need not open another bank account to avail of benefits under Pradhan Mantri Jan Dhan Yojana (PMJDY). In fact insurance benefits are availabl...
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Posted Date : 23-Sep-2014 , 11:58:13 am | Posted By CASANSAAR
A revamped online portal of the Income Tax department was launched on Monday which will enable taxpayers to file returns or apply for a PAN card through a 'single window' format. Taxpayers so far had to go to different official websites of the I-T department for these matters. "An updated version ...
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Posted Date : 22-Sep-2014 , 10:34:15 pm | Posted By CASANSAAR
Around a fortnight after being discharged from hospital after a surgery, Finance Minister Arun Jaitley was admitted in a hospital again today after his medical condition deteriorated slightly. Jaitley had undergone a planned diabetes management surgery at a private hospital in Delhi on 2 Se...
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Posted Date : 22-Sep-2014 , 08:08:22 pm | Posted By CASANSAAR
The CBDT vide Order [F.NO.133/24/2014-TPL], dated 20-8-2014 had extended the due date for filing of tax audit report to November 30, 2014. However, the CBDT had not extended the due date for filing of the Income-tax Return ('ITR'). Consequently, many taxpayers were facing difficulty in fil...
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Posted Date : 22-Sep-2014 , 07:28:28 pm | Posted By CASANSAAR
EXTENSION GRANTED by Gujarat High Court... Gujrat Court gave his verdict, Date of filing ITR is extended to 30 Nov 2014 Victory of Mission TAR 2014. The Hon. Gujarat High court has pronounced that Direction is Given to the Central Board of Direct Taxes to Extend the due...
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Posted Date : 22-Sep-2014 , 08:22:20 am | Posted By CASANSAAR
Right To Information or RTI applicants must give reasons for seeking information, the Madras High Court has said, while giving relief to its Registry from disclosing file notings on a complaint against a Chief Metropolitan Magistrate. A division bench comprising justices N Paul Vasanthakumar ...
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Posted Date : 22-Sep-2014 , 07:37:02 am | Posted By CASANSAAR
In a taxpayer-friendly move, the revenue department has directed its officials to fix meetings with assessees in such a manner so that they do not have to wait. As per the current practice, tax officials call assessees for meetings at one time and they have to wait for long hours for their ...
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Posted Date : 22-Sep-2014 , 07:35:58 am | Posted By CASANSAAR
The finance ministry has asked state-run banks to nudge their defaulting corporate borrowers to sell off their non-core assets and repay the loans from the funds raised. The move comes after the ministry directed these banks to constitute board-level committees to monitor recovery and put in pl...
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Posted Date : 21-Sep-2014 , 07:43:56 pm | Posted By CASANSAAR
Finance Minister Arun Jaitley will launch an updated version of the existing website of income tax department tomorrow to enable taxpayers to file easily their I-T returns or apply for a PAN card. This updated version of the existing website of the Income Tax department-- www.incometaxindia.gov.in-...
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Posted Date : 21-Sep-2014 , 11:59:35 am | Posted By CASANSAAR
The ministry of corporate affairs (MCA) is planning to give a clarification in a few months to bring coherence between accounting standards and the new companies law regarding related-party transactions. Companies are apprehensive that unless this is done, these will have to keep separate ...
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Posted Date : 21-Sep-2014 , 11:21:42 am | Posted By CASANSAAR
Web commerce giant Alibaba had the largest IPO in U.S. history on Friday, making its founder Jack Ma the richest man in China. Shares started at $68 and balooned to $92 before the closing bell. The IPO places Alibaba's worth at $13 billion, with a $163 billion valuation slightly ahead of Am...
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Posted Date : 20-Sep-2014 , 08:40:54 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has decided to re-constitute National Advisory Committee on Accounting Standards(NACAS) under the Chairmanship of Amarjit Chopra, a former President of Institute of Chartered Accountants of India (ICAI). The re-constitution assumes significance since Internatio...
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Posted Date : 20-Sep-2014 , 08:35:25 am | Posted By CASANSAAR
The Reserve Bank today warned the banks to be more careful while opening accounts under the Jan-Dhan Yojana, saying that a single individual could open multiple accounts in the lure of Rs 1 lakh insurance cover. "There are some caveats when the banks are implementing the financial inclusion...
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Posted Date : 19-Sep-2014 , 10:46:44 pm | Posted By CASANSAAR
The CBI will investigate the circumstances of the FIPB approval given by the then Finance Minister P Chidambaram in the Aircel-Maxis deal in 2006. The agency told a special court in its chargesheet in the case that Mauritius-based M/s Global Communication Services Holdi...
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Posted Date : 19-Sep-2014 , 10:23:41 pm | Posted By CASANSAAR
ATTENTION OF MEMBERSICAI initiative on order dated 20th August, 2014 pronounced by a Bench ofIncome Tax Appellate Tribunal, Mumbai Members are aware of the general remarks against ICAI made by Hon 'ble ITAT Mumbai Bench in respect of its order dated 20th August, 2014 wherein the tax advice gi...
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Posted Date : 19-Sep-2014 , 07:05:18 am | Posted By CASANSAAR
The finance ministry on Thursday said 40 million bank accounts have been opened under the Pradhan Mantri Jan Dhan Yojana and that banks have mobilised Rs 3,700 crore so far. "Banks have opened 40 million accounts so far. Banks have mobilised about Rs 3,700 as deposits ...
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Posted Date : 19-Sep-2014 , 07:00:03 am | Posted By CASANSAAR
Tax authorities are planning to look more actively into suspicious transaction reports (STRs) that provide information on dubious funds as they step up efforts against the menace of black money. It has asked field formations to provide feedback on what kind of relevant information these rep...
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Posted Date : 18-Sep-2014 , 10:37:11 pm | 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.75/2014-CUSTOMS (N.T.), dated the 4th September, 2014 vide number S....
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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
Professional News For CA,CS,CMA.Fresh Accounting News Articles On Income Tax,Service Tax,Sales Tax, Vat,Company Law,RBI,CAG,Custom,Excise On CASANSAAR
