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Posted Date : 18-Feb-2021 , 09:38:04 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Wednesday came out with a slew of directions related to maintenance of liquidity coverage ratio, risk management, asset classification and loan-to-value ratio, among others, for housing finance companies (HFCs). The central bank said these directions, which shall c...
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Posted Date : 18-Feb-2021 , 09:36:14 am | Posted By CASANSAAR
The Securities and Exchange Board of India today said that its board has decided to recommend changes in the Securities Contracts Regulations 1957 to make it easier for large companies with market capitalisation of more than Rs 1 lakh crore to list on the Indian stock exchange. The board has deci...
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Posted Date : 18-Feb-2021 , 09:29:48 am | Posted By CASANSAAR
Prime Minister Narendra Modi said on Wednesday the government is committed to bringing natural gas under the ambit of the Goods and Services Tax (GST), to reduce the cost of natural gas and boost its usage across the country. The inclusion of petroleum and natural in the GST regime has been a con...
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Posted Date : 17-Feb-2021 , 09:25:03 am | Posted By CASANSAAR
The Reserve Bank on Tuesday permitted resident individuals to make remittances under the Liberalised Remittance Scheme (LRS) to International Financial Services Centres (IFSCs) in the country. The decision of the RBI is aimed at deepening the financial markets in the IFSCs and providing an opport...
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Posted Date : 17-Feb-2021 , 09:23:30 am | Posted By CASANSAAR
The Finance Ministry sees tax implications in crypto-currency trading. However, it is clear that levying a tax does not mean the government is legalising private crypto-currencies. Minister of State for Finance Anurag Thakur said that a comprehensive Bill on cryptocurrencies will fill all the gap...
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Posted Date : 16-Feb-2021 , 08:41:09 am | Posted By CASANSAAR
GST officers have arrested four persons in three different fake invoicing cases involving total input tax credit (ITC) fraud of Rs 178 crore, the Finance Ministry said on Monday. "The officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi North… have unearthed a netw...
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Posted Date : 16-Feb-2021 , 08:35:27 am | Posted By CASANSAAR
The Supreme Court Monday asked the Centre and WhatsApp to reply to a fresh plea alleging lower standards of privacy for Indians in comparison to European users saying it is the "duty of the judiciary to protect citizens'' privacy. People have grave apprehensions that they will ...
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Posted Date : 16-Feb-2021 , 08:31:45 am | Posted By CASANSAAR
Government has made FASTag mandatory on the National Highways. All lanes in the fee plazas on National Highways were declared as FASTag lane midnight last night. As per NH Fee Rules 2008, any vehicle not fitted with FASTag or vehicle without valid, functional FASTag, entering into the FASTag lane of...
Continue Reading... Category : General | Comments : 0 | Hits : 247
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Posted Date : 15-Feb-2021 , 09:51:11 am | Posted By CASANSAAR
Canada invited 27,332 candidates to apply for permanent residence in its latest Express Entry draw. Immigration, Refugee and Citizenship Canada (IRCC) invited candidates from the Canadian Experience Class (CEC) on February 13. This unprecedented Express Entry invitation round only required candid...
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Posted Date : 15-Feb-2021 , 09:44:57 am | Posted By CASANSAAR
Goods and services tax registrations for businesses could be suspended immediately if there is a mismatch in sales returns filed by the company and those filed by their suppliers. The Central Board of Indirect Taxes and Customs (CBIC) has issued standard operating procedures (SOPs) for suspension...
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Posted Date : 15-Feb-2021 , 09:41:41 am | Posted By CASANSAAR
Non-banking finance companies (NBFCs) have asked for the same benefits as banks while the central bank looks to harmonize regulations for all lending institutions. These lenders have also sought relaxations to new norms for NBFCs proposed by the Reserve Bank of India (RBI) last month in a discussion...
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Posted Date : 13-Feb-2021 , 08:56:00 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Friday tightened the rules governing investments in non-bank lenders originating from countries that are not compliant with global standards on prevention of money laundering. “Investments in non-banking financial companies (NBFCs) from FATF non-compliant ...
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Posted Date : 13-Feb-2021 , 08:42:29 am | Posted By CASANSAAR
ICAI elects New Torchbearers for the year 2021-22 CA. Nihar N Jambusaria elected as President, ICAI CA. (Dr.) Debashis Mitra elected as Vice President, ICAI. Many Many Congratulations......
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Posted Date : 12-Feb-2021 , 09:38:12 am | Posted By CASANSAAR
Micro, Small and Medium Enterprises Ministry has informed that more than one crore two lakh MSMEs were registered in the country within five years. In a written reply in the Lok Sabha, Micro, Small and Medium Enterprises Minister Nitin Gadkari said that as per Udyog Aadhaar Portal a total of one ...
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Posted Date : 11-Feb-2021 , 08:31:53 am | Posted By CASANSAAR
The Supreme Court (SC) has today directed a representation to be made to the Central Board of Direct Taxes (CBDT) on relief to be given to non-resident Indians (NRIs) in terms of the payment of tax under the Income Tax (I-T) Act for FY21 amid Covid-19. Several NRIs, stuck in the country due to Co...
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Posted Date : 10-Feb-2021 , 08:44:15 am | Posted By CASANSAAR
The United Forum of Bank Unions (UFBU), an umbrella body of nine unions, on Tuesday gave a call for a two-day strike from March 15 to protest against the proposed privatisation of two state-owned lenders. In the Union Budget presented last week, Finance Minister Nirmala Sitharaman announced the p...
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Posted Date : 10-Feb-2021 , 08:34:45 am | Posted By CASANSAAR
Capital markets watchdog Sebi on Tuesday came out with a new format for disclosures to be made under the insider trading norms. In light of amendments to the PIT Regulations affecting the inclusion of members of the promoter group, and designated person in place of employee and on the basis of fe...
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Posted Date : 06-Feb-2021 , 08:29:50 am | Posted By CASANSAAR
Taxpayers will be informed upfront about the reasons for which their I-T returns are getting reopened for scrutiny and only in case of non-satisfactory reply would the case get opened up again, CBDT chief P C Mody said on Friday. The 2021-22 Budget has lowered the time limit for reopening of tax ...
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Posted Date : 06-Feb-2021 , 08:25:30 am | Posted By CASANSAAR
During the fiscal 2021-22, the Ministry of Corporate Affairs (MCA) will launch data analytics driven MCA21 Version 3.0. This Version will have additional modules for e-Adjudication, e-Consultation and Compliance Management. MCA21 system is the first Mission Mode e-Governance project of Government of...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 457
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Posted Date : 04-Feb-2021 , 08:14:30 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Wednesday issued guidelines on a risk-based internal audit system for non-banking financial companies (NBFCs) and urban cooperative banks (UCBs). The central bank said all deposit-taking NBFCs with assets of ₹5,000 crore or more and all primary UCBs with a...
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Posted Date : 04-Feb-2021 , 08:12:30 am | Posted By CASANSAAR
With the object of unleashing the entrepreneurial spirits of our youth and to remove the fear of criminal prosecutions for non- substantive minor and procedural omissions and commissions in the normal course of their business transactions, the Government of India in the Ministry of Corporate Affairs...
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Posted Date : 04-Feb-2021 , 08:11:20 am | Posted By CASANSAAR
In line with the vision of the Government of India, the definition under the Companies Act, 2013 for Small Companies has now been revised by increasing their thresholds for Paid up capital from “not exceeding Rs 50 lakh” to “not exceeding Rs 2 crore” & Turnover from &ldqu...
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Posted Date : 04-Feb-2021 , 08:06:31 am | Posted By CASANSAAR
As a measure which directly benefits Startups & Innovators in the country, especially those who are supplying products & services on e-commerce platforms, and in order to bring in more unincorporated businesses into the organized corporate sector, the incorporation of One Person Companies (O...
Continue Reading... Category : MCA | Comments : 0 | Hits : 492
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Posted Date : 03-Feb-2021 , 09:38:02 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has appointed an external professional IT company to conduct an audit of HDFC Bank’s IT Infrastructure and has sought a report from the company at the earliest, said a person familiar with the development. “The RBI has appointed a third party to conduct...
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Posted Date : 01-Feb-2021 , 02:27:08 pm | Posted By CASANSAAR
PART-A The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today, which is the first budget of this new decade and also a digital one in the backdrop of unprecedented COVID-19 crisis. Laying a vision for AatmaNirbhar Bhar...
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Posted Date : 01-Feb-2021 , 01:48:06 pm | Posted By CASANSAAR
The Union Budget 2021-22 presented in Parliament today by the Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman seeks to further simplify the Tax Administration, Litigation Management and ease the compliance of Direct Tax Administration. &n...
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Posted Date : 01-Feb-2021 , 09:31:13 am | Posted By CASANSAAR
The Union Budget 2021-22 will be presented in the Parliament today. Finance Minister Nirmala Sitharaman will present the Budget in the Lok Sabha at 11 AM. The Union Budget this year for the first time will be available only in digital format. It can be accessed through the mobile app UNION BUDGET bo...
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Posted Date : 01-Feb-2021 , 09:00:09 am | Posted By CASANSAAR
The Goods and Services Tax (GST) revenue collection for January 2021 has almost touched 1.2 lakh crore rupees. The Finance Ministry said, the gross GST revenue collected in January this year is 1 lakh 19 thousand 847 crore rupees of which CGST is 21 thousand 923 crore rupees, SGST is 29 thousa...
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Posted Date : 01-Feb-2021 , 08:55:44 am | Posted By CASANSAAR
UDIN Directorate The Institute of Chartered Accountants of India 31st January, 2021 Extension of Condonation Scheme to regularize UDINs This has reference to the Condonation Scheme to regularize UDINs announced by the ICAI vide its announcement dated 28th December 2020. As per the scheme...
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Posted Date : 30-Jan-2021 , 10:23:35 am | Posted By CASANSAAR
The government is to introduce a bill to ban, with exceptions, the trading in cryptocurrencies in India and also put in place the framework for an official digital currency to be issued by the Reserve Bank of India. The move is likely to end ambiguity on cryptocurrency which is neither banned nor...
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- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
- Bank Branch Audit 2021 - Update on allotment of Branches
- Bank Branch Audit 2020 Updates
- Bank Branch Audit 2021 Updates
- Bank Branch Audit 2020 - Update on Allotment of Branches
- Police Atrocities towards CA in Faridabad - Its Time to be Unite
- Bank Branch Statutory Audit Updates 2019
- Bank Branch Statutory Audit Updates
- Bank Branch Audit 2022 Updates
- Bank Branch Statutory Audit Updates
- 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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