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Posted Date : 16-Jul-2014 , 09:56:07 pm | Posted By CASANSAAR
ICAI announced the CPT Result of CPT Exams held in June 2014 and the CPT Pass Percentage June 2014 Exams is as follows:- Gender Cadidates Appeared Candidates Passed Pass Percentage Male 78453 21190 27.01% Female 51...
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Posted Date : 16-Jul-2014 , 09:17:43 pm | Posted By CASANSAAR
Government has detected over Rs one lakh crore of undisclosed income in the last financial year, a figure more than double as compared to the search and seizure action undertaken by the Income Tax department during 2012-13 to check black money. According to official data, the I-T department detecte...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 819
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Posted Date : 16-Jul-2014 , 10:57:59 am | Posted By CASANSAAR
CASANSAAR Trhilled to announced the launch 300 Professional Website. Many thanks to all users for their faith in CASANSAAR. Heartiest thanks to the lucky V.P.Vijh & Co., Chartered Accountants from Jalandhar for getting developed 300th website (www.vpvijhandco.in) by CASA...
Continue Reading... Category : General | Comments : 0 | Hits : 490
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Posted Date : 16-Jul-2014 , 08:18:55 am | Posted By CASANSAAR
In a major victory for India, the agreement on the much anticipated 100 billion dollars BRICS Development Bank has been sealed. The BRICS Summit on Tuesday decided to establish the new development bank with an initial authorised capital of USD 100 billion for which the initial subscribed capital wil...
Continue Reading... Category : International Business | Comments : 0 | Hits : 894
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Posted Date : 16-Jul-2014 , 08:00:52 am | Posted By CASANSAAR
If two adjacent flats are bought from different people through two agreements and then converted into a single unit with a common kitchen, then the owner is exempt from paying capital gains tax, the Bombay high court has said. The HC upheld the Income Tax Appellate Tribunal (ITAT) order that went i...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 783
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Posted Date : 16-Jul-2014 , 07:58:18 am | Posted By CASANSAAR
The Reserve Bank of India (RBI)'s move to bring housing loans of up to Rs 50 lakh under priority sector lending, against loans of up to Rs 25 lakh currently, is expected to provide a boost to home loan borrowers and real estatecompanies. So far, those availing of home loans of up to ...
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Posted Date : 15-Jul-2014 , 07:32:02 pm | Posted By CASANSAAR
Passing its final order on the multi-crore accounting Satyam computer scam, market watchdog Sebi on Tuesday barred Satyam founder B Ramalinga Raju, four other executives from capital markets for 14 years. Sebi has asked them to return unlawful gains of Rs 1,849 crore with interest. The regulator ha...
Continue Reading... Category : Shares & Stock | Comments : 0 | Hits : 727
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Posted Date : 15-Jul-2014 , 05:21:39 pm | Posted By CASANSAAR
It’s that time of the year, when the entire country starts talking about filing income tax returns. The deadline for filing returns is 31 July and there’s a good possibility, you haven’t filed your returns yet. But before you begin, it's important to know the changes the I...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 3507
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Posted Date : 15-Jul-2014 , 04:54:39 pm | Posted By CASANSAAR
Now get 100 Professional email id's having space of 2GB each with website designed & developed by CASANSAAR. So create your own Professional Website & email ids with the name of your Firm or your own. Like ca@cafirm.com or ca@cafirm.in Some Unique Features of Your EMAIL ID'...
Continue Reading... Category : General | Comments : 0 | Hits : 518
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Posted Date : 15-Jul-2014 , 08:34:04 am | Posted By CASANSAAR
The Reserve Bank of India has asked non-banking finance companies to not charge foreclosure charges/ pre-payment penalties on all floating rate term loans sanctioned to individual borrowers, with immediate effect. In May, the central bank had issued a similar directive to banks as a measure...
Continue Reading... Category : RBI | Comments : 0 | Hits : 563
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Posted Date : 15-Jul-2014 , 08:29:00 am | Posted By CASANSAAR
The I-T department today cautioned the public against responding to emails originating from private addresses as tax personnel send communication only through official email addresses. "Information has been received from several quarters that emails are being received by taxpayers claiming to b...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 561
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Posted Date : 15-Jul-2014 , 08:27:28 am | Posted By CASANSAAR
To push forward implementation of the new accounting standards, the Ministry of Corporate Affairs is likely to hold discussions with representatives of ICAI, the apex body of chartered accountants, tomorrow.The government has proposed implementing the Indian Accounting Standards (Ind AS) that is con...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 559
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Posted Date : 15-Jul-2014 , 08:24:46 am | Posted By CASANSAAR
Easing rules, the Reserve Bank of India (RBI) on Monday allowed foreign investors to invest in partly paid shares and warrants of Indian companies. Until now, such investors were only allowed to invest in equity shares and compulsorily and mandatorily convertible preference shares or debent...
Continue Reading... Category : RBI | Comments : 0 | Hits : 462
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Posted Date : 14-Jul-2014 , 02:33:30 pm | Posted By CASANSAAR
Concerned over slow pace of recovery of money from NSEL defaulters, regulator Forward Markets Commision (FMC) has asked the crisis-hit commodity spot exchange to strengthen its recovery team and file suits in this regard against all defaulting members. National Spot Exchange Ltd (NSEL), a s...
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Posted Date : 14-Jul-2014 , 08:21:00 am | Posted By CASANSAAR
With the country gearing up for new accounting regime, apex body of chartered accountants ICAI has said it is ready with updated accounting standards that are converged with global norms. The Institute of Chartered Accountants of India (ICAI) has been working on the new Indian Accoun...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 636
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Posted Date : 13-Jul-2014 , 01:37:48 pm | Posted By CASANSAAR
CBDT has launched a new online 'tax calculator' for computing annual I-T liability which can now be emailed to personal inboxes of taxpayers before returns are filed by the end of this month. The 'tax calculator' is a computer based programme hosted on the web-based platform of the I-T departme...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 756
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Posted Date : 13-Jul-2014 , 09:40:11 am | Posted By CASANSAAR
The service sector is fast growing in the country, especially with the growth of banking, which underwent a major revolution with the advent of ATMs and online services. On the flip side, complaints from customers regarding deficiencies in services being provided by the banks are also rising. An RTI...
Continue Reading... Category : RBI | Comments : 0 | Hits : 668
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Posted Date : 12-Jul-2014 , 09:25:11 pm | Posted By CASANSAAR
Finance Ministry today said it is examining various issues pertaining to mergers of public sector banks and that there will be some forward movement in the current year itself."This year, we will start something (consolidation) and next year something. This is very much doable and which will further...
Continue Reading... Category : Banking | Comments : 0 | Hits : 489
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Posted Date : 12-Jul-2014 , 05:26:40 pm | Posted By CASANSAAR
Amid industry apprehensions, Revenue Secretary Shaktikanta Das on Saturday said the government would shortly take a view on whether controversial tax law GAAR should be implemented from the scheduled date of April, 2015. “It should not be interpreted that General Anti-Avoidance Rules ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 379
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Posted Date : 12-Jul-2014 , 12:57:57 pm | Posted By CASANSAAR
A long standing demand of the real estate industry and a third attempt by the market regulator SEBI to revive the Real Estate Investment Trust regime in India finally received a shot in the arm with the Government providing for a tax pass through status for REITs in the Budget proposals announced on...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 398
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Posted Date : 12-Jul-2014 , 12:49:01 pm | Posted By CASANSAAR
The result of the Information Systems Audit [ISA] AssessmentTest held on 28th June, 2014 is likely to be declared on 16th July, 2014 around 4.00 PM at the Institute’s office at New Delhi. The result of the above Assessment Test will be available on the Institute’s website www.ic...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 194
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Posted Date : 12-Jul-2014 , 12:45:43 pm | Posted By CASANSAAR
The result of the Common Proficiency Test (CPT) held in June, 2014 is likely to bedeclared on Wednesday, the 16thJuly, 2014 around 4.00 P.M. and the same as well asthe merit list (candidates securing a minimum of 60% and above marks and upto themaximum of 10th Rank in the case of Common Proficiency ...
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Posted Date : 11-Jul-2014 , 09:49:00 am | Posted By CASANSAAR
The crisis-hit National Spot Exchange has decided to bring to book the statutory auditors of its defaulter borrowers. According to the Financial Technologies-promoted spot exchange, borrowers raised money through the exchange’s platform using non-existent commodities as a pledge and...
Continue Reading... Category : Auditing | Comments : 1 | Hits : 691
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Posted Date : 11-Jul-2014 , 09:41:26 am | Posted By CASANSAAR
In order to reduce litigation and fine-tune the legal machinery in the Income Tax department, the CBDT today issued fresh directions asking the taxman to go into appeal strictly based on merits of a case even as it fixed a new monetary limit for these cases. Under the new instructio...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 524
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Posted Date : 10-Jul-2014 , 08:32:54 pm | Posted By CASANSAAR
Companies should mandatorily follow the new accounting standards that are converged with international norms from FY'17 while timelines for financial services sector entities would be announced later, the government said today. "There is an urgent need to converge the current Indian accounting stan...
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Posted Date : 10-Jul-2014 , 03:01:50 pm | Posted By CASANSAAR
The new exemption limit was fixed at Rs. 2.5 lakh — from the existing Rs. 2 lakh. For senior citizens, the exemption limit was raised from Rs. 2.5 lakh to Rs. 3 lakh. Besides, the government raised the tax exemption on home loans from Rs. 1.5 l...
Continue Reading... Category : Budget | Comments : 0 | Hits : 2201
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Posted Date : 10-Jul-2014 , 02:53:11 pm | Posted By CASANSAAR
The General Budget 2014-15 presented by the Union Finance Minister Shri Arun Jaitley has raised the personal income-tax exemption limit by Rs. 50,000/- that is, from Rs. 2 lakh to Rs. 2.5 lakh in the case of individual taxpayers, below the age of 60 years. Exemption limit raised from Rs. 2.5 lakh to...
Continue Reading... Category : Budget | Comments : 0 | Hits : 817
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Posted Date : 10-Jul-2014 , 02:49:14 pm | Posted By CASANSAAR
To broaden the tax base in Service Tax, sale of space or time for advertisements in broadcast media has been extended to cover such sales on other segments like online and mobile advertising. Announcing the tax proposals, the Finance Minister Shri Arun Jaitley said during his maiden budget speech th...
Continue Reading... Category : Budget | Comments : 0 | Hits : 1054
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Posted Date : 10-Jul-2014 , 02:48:12 pm | Posted By CASANSAAR
To boost domestic manufacture and to address the issue of inverted duties, the General budget 2014-15 has reduced basic customs duty (BCD) on certain items. To encourage new investment and capacity addition in the chemicals and petrochemicals sector, basic customs duty has been reduced. This was ann...
Continue Reading... Category : Budget | Comments : 0 | Hits : 484
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Posted Date : 10-Jul-2014 , 02:05:49 pm | Posted By CASANSAAR
The facility of Electronic Travel Authorisation (e-Visa) shall be introduced in a phased manner at nine airports in India. Announcing this during his maiden Budget Speech in the Lok Sabha today, the Finance Minister Shri Arun Jaitley said that the necessary infrastructure would be put in place withi...
Continue Reading... Category : Budget | Comments : 0 | Hits : 373
- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
- Bank Branch Audit 2021 - Update on allotment of Branches
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- Bank Branch Statutory Audit Updates 2019
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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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