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Posted Date : 01-Nov-2013 , 08:24:08 am | Posted By CASANSAAR
Income Tax department has formed verifications cells in all 33 districts of Rajasthan to monitor movement of black money during the upcoming Assembly election in the state. Three Air Intelligence Units (AIU) have also been formed at Jaipur, Jodhpur and Udaipur airports to check movement of ca...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 323
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Posted Date : 01-Nov-2013 , 08:18:06 am | Posted By CASANSAAR
To ensure operational ease in providing services to their clients, brokers have been allowed to retain up to Rs 10,000 in trading accounts of active customers after obtaining their written consent. As per the existing practice, the brokers were supposed to settle the funds and securities in...
Continue Reading... Category : Shares & Stock | Comments : 0 | Hits : 299
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Posted Date : 01-Nov-2013 , 08:07:56 am | Posted By CASANSAAR
Jignesh Shah, the founder and non-executive vice chairman of MCX, resigned on Thursday from the board of Multi Commodity Exchange of India Ltd (MCX), India's largest commodity bourse. Just hours after resigning, Shah was ensconced with his core team with which he had built his financial sec...
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Posted Date : 31-Oct-2013 , 08:46:15 am | Posted By CASANSAAR
The government will soon introduce inflation-based certificate to provide some cover to households from impact of inflation, a senior Finance Ministryofficial has said. "Government of India is very soon coming-up with inflation based certificate which is aimed at neutra...
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Posted Date : 30-Oct-2013 , 08:48:19 pm | Posted By CASANSAAR
Chandigarh-born software engineer Gurdeep Singh Pall has been named as the corporate vice president of Skype, a popular and free international voiceover and messaging service, by Microsoft Corporation, its developer. Pall, 46, studied in Chandigarh's St John's school before completing his e...
Continue Reading... Category : International Business | Comments : 0 | Hits : 452
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Posted Date : 30-Oct-2013 , 12:25:48 pm | Posted By CASANSAAR
Application Form for the Information Systems Audit (ISA) Assessment Test – November, 2013 [Last Date-12th November, 2013] Online Application Form Hard Copy Application Form Source :- ICAI...
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Posted Date : 30-Oct-2013 , 08:42:39 am | Posted By CASANSAAR
Ten years ago the Enron scam prompted the Sarbanes Oxley Act with measures to improve governance standards in corporate America and so was born the Public Company Accounting Oversight Board. PCAOB oversees the audits of public companies, has 2363 accounting firms registered with it, a staff of ...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 852
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Posted Date : 30-Oct-2013 , 08:38:46 am | Posted By CASANSAAR
Companies set up with an express 'not-for-profit' charter have come under government scrutiny for going against that mandate. The finance ministry has sought a review of the regulatory regime for such so-called Section 25 companies under the Companies Act, including foreign direc...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 376
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Posted Date : 29-Oct-2013 , 08:59:31 pm | Posted By CASANSAAR
The Direct Taxes Code Bill, which seeks to replace the archaic Income Tax Act, is likely to be placed in Parliament during the winter session, Finance Minister P Chidambaram said today. “We are trying to bring DTC in the next session,” the minister told reporters here. ...
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Posted Date : 29-Oct-2013 , 07:18:15 pm | Posted By CASANSAAR
The MCA 21 portal of the Ministry of Corporate Affairs crossed a significant milestone of 1,00,000 filings on one single day on 26th October 2013, surpassing the previous best of 88,119 filings last year (on 21/11/2012). This has been made possible by the efforts of the Ministry in scaling up the se...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 348
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Posted Date : 29-Oct-2013 , 11:21:17 am | Posted By CASANSAAR
The Reserve Bank on Tuesday hiked the repo rate by 0.25 percent to 7.75 percent in its second quarter monetary policy review in a bid to anchor inflationary expectations. The central bank, however, slashed the Marginal Standing Facility (MSF) rate by 0.25 to 8.75 percent. The RBI has left the ...
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Posted Date : 29-Oct-2013 , 08:44:04 am | Posted By CASANSAAR
A Complaint for Professional Misconduct and abuse of official position has been filed with the Secretary ICAI, against CA. Raj Chawla, presently NIRC Vice-Chairman. Since last several months Mr. Chawla is grossly violating the code of conduct for the professionals. Secretary ICAI, has ackno...
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Posted Date : 29-Oct-2013 , 08:19:01 am | Posted By CASANSAAR
SEBI simplified the procedure for transfer of securities from the account of a deceased person and raised the threshold limit for such transactions in demat format to Rs 5 lakh. The move is aimed at making transmission of securities in both dematerialised and physical modes more...
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Posted Date : 29-Oct-2013 , 08:16:39 am | Posted By CASANSAAR
The harried NSEL Investor Forum, the umbrella group of investors of the crippled spot commodity exchange, today said it has filed a complaint against EY India with the Economic Offences Wing (EOW) of the Mumbai Police for its alleged role in the payment crisis. NSEL Investors Forum chairman Sharad ...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 581
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Posted Date : 28-Oct-2013 , 08:58:31 pm | Posted By CASANSAAR
Enforcement Directorate(ED) today filed a charge sheet against Satyam Computers founder Ramalinga Rajuand 212 others, including some firms, for allegedly laundering funds under a "corporate veil" to perpetrate the accounting scam that rocked the business world.ED filed a bulky prosecution inves...
Continue Reading... Category : General | Comments : 0 | Hits : 303
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Posted Date : 28-Oct-2013 , 05:04:44 pm | Posted By CASANSAAR
The Supreme Court on Monday directed Sahara Group to hand over title deeds of its properties worth Rs 20,000 crores to SEBI within three weeks. Rapping the Sahara Group, the apex court said, "There is no escape and the money has to be paid.""You indulge too much in hide...
Continue Reading... Category : General | Comments : 0 | Hits : 381
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Posted Date : 28-Oct-2013 , 04:27:06 pm | Posted By CASANSAAR
Government today said it has cleared 13 FDI proposals totalling Rs. 1,258 crore and referred Axis Bank's proposal for increasing foreign equity amounting to about Rs. 6,266 crore for consideration of the Cabinet. The Foreign Investment Promotion Board (FIPB), in its September 19...
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Posted Date : 28-Oct-2013 , 04:24:48 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs has invited suggestions/ comments for the 4th tranche of Draft Rules being framed under the Companies Act, 2013. November 5, 2013 has been fixed as the last date for submission of suggestions/ comments. In this phase Draft Rules have been framed for the creation of ...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 224
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Posted Date : 28-Oct-2013 , 09:50:01 am | Posted By CASANSAAR
A study group formed by the Institute of Chartered Accountants of India (ICAI) to study the Indian economy will submit its report to the Union Finance Minister soon, said ICAI president C A Subodh Kumar Agrawal. He was speaking to mediapersons here on the sidelines of the residential workshop for IC...
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Posted Date : 28-Oct-2013 , 09:48:46 am | Posted By CASANSAAR
The finance ministry wants state-owned banks to follow more stringent norms while issuing bank guarantees or letters of credit to borrowers, concerned that such type offunding results in double financing, which often leads to financial indiscipline among borrowers. A finance mini...
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Posted Date : 28-Oct-2013 , 09:47:11 am | Posted By CASANSAAR
The adverse remarks in the report of a special team that probed the Rs 5,600-crore ‘payment crisis’ have jolted the auditors of the National Spot Exchange Limited (NSEL) and Financial TechnologiesIndia Limited (FTIL). The Special Team of Secretaries (STS) headed by Economic Affairs...
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Posted Date : 28-Oct-2013 , 09:45:39 am | Posted By CASANSAAR
Gearing up to issue new bank licences, RBI has shot off detailed queries to over two dozen applicants and various regulators in India and abroad as part of its due-diligence on those seeking to enter banking arena. The Reserve Bank of India (RBI) is in the process of granting new bank...
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Posted Date : 28-Oct-2013 , 09:43:56 am | Posted By CASANSAAR
The Delhi High Court is set to rule whether a US company can simultaneously avail of the benefit of a lower tax rate under the Indo-US Double Tax Avoidance Agreement (DTAA) and exemptions on payments of royalty under the Income Tax (I-T) Act. The issue came up before the court on a dispute ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 477
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Posted Date : 27-Oct-2013 , 09:26:06 am | Posted By CASANSAAR
A 22-year-old student pursuing his Chartered Accountancy was found dead in Shakarpur area of East Delhi on Friday. Police said they received a PCR alert that a man had jumped off the terrace of his building. Accordingly, police began investigating the case as a suicide. But a case of murder...
Continue Reading... Category : Students Zone | Comments : 0 | Hits : 1010
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Posted Date : 26-Oct-2013 , 06:58:54 pm | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has announced CA PCC, PEC, Final & IPCC Admit Card Nov.2013 available online at officiall website www.icai.nic.in How to download ICAI Admit Card Nov.2013 1. Candidate first of all log on the official website www.icai.nic.i...
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Posted Date : 26-Oct-2013 , 08:53:05 am | Posted By CASANSAAR
Indian chartered accountants are in good demand in the West Asian countries, Australia and Singapore, according to K. Raghu, vice-president of Institute of Chartered Accountants of India (ICAI). Speaking to presspersons on the sidelines of a sub-regional conference of the Southern Indi...
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Posted Date : 26-Oct-2013 , 08:47:11 am | Posted By CASANSAAR
Bringing social media within the ambit of the model code of conduct, theElection Commission has instructed parties and candidates to account for all expenses incurred during campaigning on such websites. The Commission issued detailed guidelines on monitoring political campaigning on websi...
Continue Reading... Category : General | Comments : 0 | Hits : 356
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Posted Date : 26-Oct-2013 , 08:42:55 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has appointed an auditor for a special audit of the book of accounts and transactions of First Leasing Company of India, from the year ended March 31, 2010. A C Muthiah, the chairman of First Leasing, also said its board of directors had accepted last week'...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 426
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Posted Date : 25-Oct-2013 , 12:30:22 pm | Posted By CASANSAAR
The new form No. 15CA and 15CB, effective from 1st October, 2013 are available on the website of Income tax (https://incometaxindiaefiling.gov.in/) under "efile option - prepare and submit online form (other than ITR) of the tax payer"....
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 894
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Posted Date : 25-Oct-2013 , 08:23:43 am | Posted By CASANSAAR
BJP prime ministerial candidate Narendra Modi's rally in Patna next week has come under the income tax department's scanner. The department's TDS (tax deduction at source) section served notice on the Bharatiya Janata Party's (BJP) state unit, which is organizing the Oct 27 ral...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 834
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