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Posted Date : 13-Aug-2014 , 10:48:30 pm | Posted By CASANSAAR
The top five Indian billionaires led by Reliance Industries chairman Mukesh Ambani collectively control USD 85.5 billion (about Rs 5,23,897 crore) in personal wealth, accounting for nearly half of the country's total billionaire wealth, a new study said on Wednesday. According to th...
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Posted Date : 13-Aug-2014 , 05:16:28 pm | Posted By CASANSAAR
The result of the Chartered Accountants Intermediate (IPC) Examination held inMay/June, 2014 are likely to be declared on Thursday, the 21st August, 2014 around4.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55%and above marks and upto the maximum of 50th Rank on a...
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Posted Date : 13-Aug-2014 , 11:04:47 am | Posted By CASANSAAR
One time opportunity to all the defaulting companies and its directors has been given under the said scheme. It covers all the companies who have failed to file their annual reports , financial statements and related documents upto 30th June 2014. Now, these can be filed upto 15th Oct 2...
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Posted Date : 13-Aug-2014 , 08:08:03 am | Posted By CASANSAAR
The Reserve Bank is looking into particulars of more than 34,000 firms allegedly running businesses on lines of Non-Banking Financial Companies (NBFC) without authorisation from the banking sector regulator, the government said today.The list of these companies was shared by the Ministry of Corporat...
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Posted Date : 13-Aug-2014 , 08:02:09 am | Posted By CASANSAAR
In a relief for the the Institute of Chartered Accountants of India (ICAI), the Delhi High Court has stayed an order of the competition watchdog directing a probe against the institute. The Competition Commission of India (CCI) had in February this year passed an order directing its Directo...
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Posted Date : 13-Aug-2014 , 07:55:21 am | Posted By CASANSAAR
Rajya Sabha on Tuesday passed the Securities Laws (Amendment) Bill, 2014 which seeks to empower Sebi and facilitate a crackdown on Ponzi schemes which are used to fleece the poor. The bill -- which gives the Securities and Exchange Board of India (Sebi) the powe...
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Posted Date : 13-Aug-2014 , 07:48:54 am | Posted By CASANSAAR
The next time you organise a grand function, be ready to face the taxman. The Central Board of Excise & Customs (CBEC) has directed its officers to check for tax evasion by keeping an eye on events which receive wide media coverage, such as an ostentatious wedding or other such functions. Usual...
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Posted Date : 12-Aug-2014 , 04:07:50 pm | Posted By CASANSAAR
Government will keep close watch on social welfare spending by corporates to check whether they are complying with Corporate Social Responsibility (CSR) norms under the new companies law. Certain class of profitable companies are required to spend at least two per cent of their three-year a...
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Posted Date : 12-Aug-2014 , 09:08:18 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) said an online repository of independent directors to help individuals seeking such directorship as well as companies looking to appoint one for the position, has become operational. The repository is a joint initiative of ICAI, the Institu...
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Posted Date : 12-Aug-2014 , 08:29:05 am | Posted By CASANSAAR
World's most popular free email providers Gmail and Yahoo have made telephone number mandatory for creation of new email addresses in a bid to check spam. Any person wishing to create a new email id needs to provide a telephone number which Gmail and Yahoo use for verification. Goo...
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Posted Date : 12-Aug-2014 , 08:27:31 am | Posted By CASANSAAR
The ministry of corporate affairs (MCA) plans to proceed only gradually on its ambitious scheme, proposed late last month, to convert statutory information of 1.39 million registered companies into readable statistical information. The proposed 'corporate data management' scheme was aimed a...
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Posted Date : 11-Aug-2014 , 09:17:58 pm | Posted By CASANSAAR
With an estimated Rs. 4 lakh crore of tax revenue locked up in litigation, the Central Board of Direct Taxes (CBDT) has created over 240 new posts of Commissioners (Appeals) to speed up legal disposal system in the Income Tax Department. "A total of 243 posts of Commissioner of I-...
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Posted Date : 11-Aug-2014 , 09:10:45 pm | Posted By CASANSAAR
In its effort to unearth black money stashed away abroad, India has received data on over 24,000 instances of alleged tax evasion and dubious funds which has been detected in foreign shores in the last financial year. These cases are now under investigation by the taxman...
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Posted Date : 11-Aug-2014 , 06:28:37 pm | Posted By CASANSAAR
The Union Finance Minister, Shri Arun Jaitley said that the revenue targets in the case of indirect taxes for the current financial year 2014-15 are challenging one but are very much achievable. The revenue targets for indirect taxes for the current financial year is fixed at Rs.6,23,244 crores, wit...
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Posted Date : 11-Aug-2014 , 01:29:58 pm | Posted By CASANSAAR
LETTER TO CBDT – NEW TAX AUDIT REPORT(Mailed to chairman@incometaxindia.gov.in) To, The Chairman,Central Board of Direct TaxesNew Delhi Dear Sir, Re: - New Formats of Tax Audit Report in the Form 3CA, Form 3CB and Form 3CD. ...
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Posted Date : 11-Aug-2014 , 08:52:12 am | Posted By CASANSAAR
The Reserve Bank of India said on Sunday its board has approved the transfer of a surplus profit of Rs. 52,679 crore ($8.62 billion) to the government for the year ended June 2014. This compares with a surplus transfer of Rs. 33,010 crore last year. The central bank said...
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Posted Date : 09-Aug-2014 , 09:35:07 pm | Posted By CASANSAAR
Two well known Auditors of the Jammu and Kashmir Bank under considerable influence and pressure to change the Memorandum of Change (MoC) of a Mumbai based real estate company who have defaulted on payments worth Rs 400 crores to J&K Bank. Sources told Kashmir Monitor that these two auditors dur...
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Posted Date : 09-Aug-2014 , 09:22:51 pm | Posted By CASANSAAR
The Central Bureau of Investigation (CBI) has served an inquiry notice on IDBI Bank over a loan of Rs 950 crore it extended to Vijay Mallya-led troubled airline Kingfisher Airlines, saying this extent of exposure was not bona fide. The probe agency`s notice to IDBI comes days after it arrested the ...
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Posted Date : 09-Aug-2014 , 01:43:35 pm | Posted By CASANSAAR
Honorable High Court Lucknow pass an interim orger against all Professionals except Advocates that only Advocate can appear before VAT Authority. No person whosoever, may be permitted to advertise in the Newspaper or any leaflet, inviting assesses for the purpose of filing of return or arguing befo...
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Posted Date : 09-Aug-2014 , 08:58:29 am | Posted By CASANSAAR
Out of a total population of 127 crore there were slightly over 3.46 crore effective tax payers during 2012-13 financial year, the government told Parliament. In a written reply to Lok Sabha on Friday, Minister of State for Finance Nirmala Sitharaman said while there were 3,46,04,064 indivi...
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Posted Date : 09-Aug-2014 , 08:57:16 am | Posted By CASANSAAR
The Reserve Bank on Friday revised guidelines for mortgage guarantee companies and said that guarantees provided by them may be treated as contingent liabilities, for which credit conversion factor would be 50 per cent. "While calculating capital adequacy of MGCs, mortgage guarantees provid...
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Posted Date : 08-Aug-2014 , 08:08:11 pm | Posted By CASANSAAR
State bank of India (SBI) and other commercial banks have a combined exposure of Rs 40,000 crore to scam-ridden Bhushan Steel and are in talks to appoint a management agency to monitor the operations of the company, said Arundhati Bhattacharya, chairman of the country’s largest lender. ...
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Posted Date : 08-Aug-2014 , 08:02:11 pm | Posted By CASANSAAR
As per Census 2011, 58.7% household are availing banking services in the country. Under the Swabhimaan campaign, the Banks were advised to provide appropriate banking facilities to habitations having a population in excess of 2000 (as per 2001 census) by March 2012. The banks identified approxi...
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Posted Date : 08-Aug-2014 , 07:59:17 pm | Posted By CASANSAAR
In one of its biggest penalties for non-disclosure of a key earnings ratio, the Securities and Exchange Board of India, SEBI today imposed a penalty of Rs. 13 crore on Reliance Industries Limited. The case dates back to April 2007 when alleged irregularities were reported in issuance of 12 cror...
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Posted Date : 08-Aug-2014 , 02:09:18 pm | Posted By CASANSAAR
Pass Percentage of CA Final May / June 2014 Exam...
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Posted Date : 08-Aug-2014 , 08:24:57 am | Posted By CASANSAAR
he result of the Chartered Accountants Final Examination held in May/June, 2014 is likely to be declared today on Friday, the 8th August, 2014 around 2.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above marks and upto the maximum of 50th Rank and in accord...
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Posted Date : 08-Aug-2014 , 08:18:17 am | Posted By CASANSAAR
The Reserve Bank of India on Thursday said the proposed Bharat Bill Payment System (BBPS) will function as a tiered structure for operating the country’s bill payment system. It will have a single brand image providing convenience of ‘anytime anywhere’ payment to customers. ...
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Posted Date : 08-Aug-2014 , 08:07:48 am | Posted By CASANSAAR
Honorable President of India has assented to the Finance (No.2) Bill, 2014 on 6th August, 2014, with this the Finance (No.2) Act, 2014 No.25 of 2014 has come into effect. So now all the provision of Budget 2014 presented by Finance Minister Arun Jaitley vide his Budget pres...
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Posted Date : 07-Aug-2014 , 10:07:54 pm | Posted By CASANSAAR
Bhushan Steel vice chairman Neeraj Singhal was arrested by the Central Bureau of Investigation (CBI) in the Syndicate Bank bribery case soon after a city court issued a non-bailable warrant against him on Thursday. The agency has accused Mr. Singhal of being part of the conspiracy to bribe ...
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Posted Date : 07-Aug-2014 , 10:04:24 pm | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) has filed two complaints against the founder of erstwhile Satyam Computer Services Ramalingam Raju, his brother Rama Raju and others in connection with the account fraud which sounded the death-knell of the IT firm. Sebi had earlier slapped a penalt...
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