-
Posted Date : 09-Oct-2013 , 08:25:22 am | Posted By CASANSAAR
In a separate development, the NSEL Investors' Forum, whose members have petitioned the Bombay HC against NSEL and its promoter FT, on Tuesday urged the Institute of Chartered Accountants of India (ICAI) to take disciplinary action against Rajesh Hiranandani, partner,Deloitte Has...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 820
-
Posted Date : 09-Oct-2013 , 08:20:30 am | Posted By CASANSAAR
Market regulator Sebi today said it will accept e-KYC (Know Your Client) service of UIDAI as a valid proof of identity and address for opening accounts with brokerage firms, mutual funds, portfolio managers and other capital market entities. 'Aadhaar...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 248
-
Posted Date : 09-Oct-2013 , 08:18:33 am | Posted By CASANSAAR
Amid a slowing economy, the gross direct tax collections rose only 10.66 per cent to Rs 3.01 lakh crore during the April-September period of 2013-14 fiscal. The collections totalled Rs 2.72 lakh crore in the same period of 2012-13 fiscal. The government has fixed direct tax colle...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 194
-
Posted Date : 08-Oct-2013 , 08:41:04 pm | Posted By CASANSAAR
The government has extended the deadline till Thursday for providing feedback on the first set of draft norms for the new Companies Act. The Corporate Affairs Ministry is in the process of framing norms for new legislation that replaces the nearly six-decade old law governi...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 290
-
Posted Date : 08-Oct-2013 , 08:31:28 pm | Posted By CASANSAAR
Further to para 9 of the Press Release dated August 6, 2013, wherein it was stated that decision on the six (6) proposals will be communicated separately, the Central Government has approved three (3) proposals of Foreign Direct Investment (FDI) amounting to Rs.&n...
Continue Reading... Category : International Business | Comments : 0 | Hits : 281
-
Posted Date : 08-Oct-2013 , 12:40:38 pm | Posted By CASANSAAR
The government on Monday clarified that any goods sold by an air-conditioned restaurant on maximum retail price (MRP) basis will not attract any service tax. This means that a bottle of water or cold drink purchased while dining in an air-conditioned restaurant will not be includ...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 821
-
Posted Date : 08-Oct-2013 , 08:34:33 am | Posted By CASANSAAR
The government on Monday cleared the elevation of Arundhati Bhattacharya as the chairperson of the State Bank of India - the first woman chief of the country's largest lender - succeeding Pratip Chaudhuri who retired on September 30.Bhattacharya, 57, is the bank's 24th ...
Continue Reading... Category : Banking | Comments : 0 | Hits : 450
-
Posted Date : 07-Oct-2013 , 07:20:04 pm | Posted By CASANSAAR
In a bid to improve liquidity in the banking system, Reserve Bank of India (RBI) on Monday cut the Marginal Standing Facility (MSF) rate by 50 basis points to 9%. Starting with the Mid-Quarter Review of September 2013, RBI began a calibrated withdrawal of exceptional measures un...
Continue Reading... Category : RBI | Comments : 0 | Hits : 309
-
Posted Date : 07-Oct-2013 , 03:01:49 pm | Posted By CASANSAAR
The finance ministry is considering a proposal that can sharply reduce the government's borrowing costs, bring longterm savings into the cashstrapped infrastructure sectors, deepen the corporate bond market and, possibly, even make Indian stocks less vulnerable to the w...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 736
-
Posted Date : 07-Oct-2013 , 08:37:13 am | Posted By CASANSAAR
The arm of the Mumbai police that is investigating the NSEL fraud has kept the option of framing criminal charges against brokers open after ascertaining whether they have connived with entities which have defaulted in settling investor dues worth Rs 5,500 crore."We have included...
Continue Reading... Category : Shares & Stock | Comments : 0 | Hits : 298
-
Posted Date : 07-Oct-2013 , 08:36:14 am | Posted By CASANSAAR
A traders’ body here has said that the Punjab government’s decision to replace ‘entry tax’ leviable on certain commodities with ‘advance tax’ is “unviable” as it would make the state “in-conducive” for doing business and result into revenue...
Continue Reading... Category : VAT | Comments : 0 | Hits : 339
-
Posted Date : 07-Oct-2013 , 08:35:17 am | Posted By CASANSAAR
India's first asset reconstruction companies (ARCs) were set up a decade or so ago, but it's only now that they may actually get to play the role they were supposed to in the country's economic system.Reserve Bank of India governor Raghuram Rajan is seemingly determined to push b...
Continue Reading... Category : RBI | Comments : 0 | Hits : 177
-
Posted Date : 06-Oct-2013 , 07:09:34 pm | Posted By CASANSAAR
The suspense over the number of new banking licences to be issued by the Reserve Bank of India (RBI) has ended. Finance Minister P Chidambaram said in Bangalore on Saturday that the RBI would shortly issue seven licences. The announcement comes a day after RBI Governor Raghuram Raj...
Continue Reading... Category : Banking | Comments : 0 | Hits : 605
-
Posted Date : 05-Oct-2013 , 09:20:20 pm | Posted By CASANSAAR
Market regulator Securities and Exchange Board of India (Sebi) today cleared the decks to move to a new and simpler investment regime for foreign portfolio investment in the country. Sebi's board, which met today here, approved the draft Sebi Foreign Portfolio Investors (FPI) Regulations, 2013, to ...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 213
-
Posted Date : 05-Oct-2013 , 08:52:56 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) nominated three members to the high level advisory committee formed to recommend granting new licenses to the private banks. The committee is headed by the former RBI Governor Bimal Jalan. The RBI today finalised the names of the other members in the extern...
Continue Reading... Category : RBI | Comments : 0 | Hits : 507
-
Posted Date : 04-Oct-2013 , 06:11:23 pm | Posted By CASANSAAR
The board of capital market watchdog Sebi is expected to discuss changes in certain norms for listed firms to make them in line with the rules in the new Companies Act, during its meeting tomorrow. Securities and Exchange Board of India (Sebi) would seek board approval for revision in illu...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 296
-
Posted Date : 04-Oct-2013 , 06:06:48 pm | Posted By CASANSAAR
In more trouble for Finnish mobile firm Nokia, whose immovable assets were attached in an alleged tax evasion case recently, the Income Tax department is set to issue fresh demand notices for payment of taxes to the tune of Rs 1,000 crore.The department, according to sources, has also "pri...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 493
-
Posted Date : 04-Oct-2013 , 09:10:30 am | Posted By CASANSAAR
In a very favourable development, Hon’ble Delhi High Court has accepted the Writ petitions filled against the CBDT in the matter if extension of tax audit report for A Y 2013-14. Allthough everybody is getting mails and SMS from separate individuals who are claiming it that this is their ...
Continue Reading... Category : Income Tax | Comments : 15 | Hits : 2637
-
Posted Date : 04-Oct-2013 , 08:42:15 am | Posted By CASANSAAR
Reserve Bank of India (RBI) has tightened the criteria under which it processes applications from urban co-operative banks for branch authorizations and opening of automated teller machines. Co-operative banks will need to have net non-performing assets (NPAs) of not more than 3%, which is ...
Continue Reading... Category : RBI | Comments : 0 | Hits : 332
-
Posted Date : 04-Oct-2013 , 08:37:49 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) has provided companies the flexibility of buying and selling of shares to private equity investors and strategic partners by changing rules on forward contracts.Sebi on Thursday removed restrictions that were more than a decade old and...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 236
-
Posted Date : 04-Oct-2013 , 08:37:04 am | Posted By CASANSAAR
Three days after BJP's Prime Ministerial candidate Narendra Modi tolddiamond merchants in Mumbai that they run the risk of receiving notices from the I-T department for hosting him, the tax officials did just that: they carried out search operations at offices of several diamond merch...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 562
-
Posted Date : 03-Oct-2013 , 03:53:06 pm | Posted By CASANSAAR
RJD leader Lalu Prasad was today sentenced to five years imprisonment in a 17-year-old fodder scam case by a specialCBI court after he was convicted on corruption and other charges four days back.The sentencing by special CBI judge Pravas Kumar Singh disqualifies Prasad from Parl...
Continue Reading... Category : General | Comments : 0 | Hits : 299
-
Posted Date : 03-Oct-2013 , 08:42:31 am | Posted By CASANSAAR
How did ICAI president Subodh Agrawal, who is also chairman of the audit committee of Gujarat NRE Coke, recommend unaudited financials of the company’s Australian subsidiaries to the Board of Directors, knowing fully well that they are highly material amounts? When I first read an a...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 1295
-
Posted Date : 03-Oct-2013 , 08:23:28 am | Posted By CASANSAAR
Amid the Rs 5,600 crore payment crisis at the National Spot Exchange, the Ministry of Corporate Affairs has ordered the inspection of account books of the bourse and its promoter Financial Technologies India. In the wake of the crisis, which also raised concerns about the violation of vario...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 261
-
Posted Date : 02-Oct-2013 , 08:31:02 pm | Posted By CASANSAAR
Sebi commissioned study has called for stricter auditing of companies' financial reporting to ensure that management discretion is minimised and corporate earnings are not manipulated. The study, conducted by independent experts for Sebi's Development Research Group, found that executives m...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 311
-
Posted Date : 02-Oct-2013 , 08:41:05 am | Posted By CASANSAAR
An associate of global accounting firm Ernst & Young in India, SV Ghatalia & Associates, auditors of the beleaguered National Spot Exchange (NSEL) for 2011-12, has been kept outside the purview of scrutiny by the Institute of Chartered Accountants in India (ICAI) into the factors t...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 1566
-
Posted Date : 01-Oct-2013 , 07:51:13 pm | Posted By CASANSAAR
The US government began a partial shutdown on Tuesday for the first time in 17 years, potentially putting up to 1 million workers on unpaid leave, closing national parks and stalling medical research projects. Federal agencies were directed to cut back services after lawmakers could not b...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 498
-
Posted Date : 01-Oct-2013 , 05:48:37 pm | Posted By CASANSAAR
Service Tax Return (ST-3) for the period April -September' 13 is now available in ACES for e-filing by the assesses in both offline and online version. The last date of filing the ST-3 return for the said period is 25th October, 2013. The assesses can file return either online or use the o...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 620
-
Posted Date : 01-Oct-2013 , 01:53:44 pm | Posted By CASANSAAR
Since last couple of years this question has been become a Frequently Asked Question (FAQ) of each episode like what happened in last week in the wake of CBDT and Ministry of Finance virtually ignored and rejected the ICAI positions and written requests, representations made by the ICAI as...
Continue Reading... Category : ICAI | Comments : 13 | Hits : 2624
-
Posted Date : 01-Oct-2013 , 08:34:11 am | Posted By CASANSAAR
At a time when the government has made little progress over the settlement of its multi-billion dollar tax dispute with British telecomgiant Vodafone and uncertainty persists over the taxation of cross-border deals, it has been stung with yet another challenge to its controv...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 541
- 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
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
