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Posted Date : 01-Oct-2013 , 08:32:44 am | Posted By CASANSAAR
The Reserve Bank today asked urban co-operative banks to submit their auditors' certificates related to 2008 farm loan debt waiver scheme by October 15. "Considering that there is a wide divergence between the percentage of errors found in the sample audit carried out by CAG and the p...
Continue Reading... Category : RBI | Comments : 0 | Hits : 276
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Posted Date : 01-Oct-2013 , 08:22:31 am | Posted By CASANSAAR
In order to facilitate healthy debate on the recommendations of the FSLRC (Financial Sector Legislative Reforms Commission), including the Indian Financial Code, among the people who matter in the financial markets and to sensitize various categories of professionals about the likely reforms path in...
Continue Reading... Category : ICSI | Comments : 0 | Hits : 277
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Posted Date : 30-Sep-2013 , 07:38:19 am | Posted By CASANSAAR
In a massive response to Sebi's recruitment call to hire 75 officers, several thousands of the applicants appeared for a written test, but only 247 of them have managed to get shortlisted for personal interviews. Sebi has embarked upon a major recruitment drive to carry out its n...
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Posted Date : 29-Sep-2013 , 08:48:11 am | Posted By CASANSAAR
Unable to solve software glitches in its e-filing system, the Central Board of Direct Taxes has asked assessees to manually file tax audit reports by September 30. The new requirement of manual filing of tax audit reports came through a CBDT notification on September 26. This means chartere...
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Posted Date : 28-Sep-2013 , 06:23:43 pm | Posted By CASANSAAR
Capital market regulator Sebi on Friday streamlined its norms for stock brokers including for their registration and payment of fees.The Securities and Exchange Board of India (Sebi) said any person seeking to act as a stock broker is required to be registered with the regulator ...
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Posted Date : 28-Sep-2013 , 08:40:53 am | Posted By CASANSAAR
Assessee can Reset the Password of his Online e-filing account by taking the following steps:- 1. Go To Following link on e-filing website of Income Tax Department :- https://incometaxindiaefiling.gov.in/e-Filing/Services/ForgotPassword.html 2. Enter the PAN and Captcha ...
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Posted Date : 28-Sep-2013 , 08:09:21 am | Posted By CASANSAAR
Refusing to give further extension to banks for complying with security norms, the Reserve Bank of India (RBI) today said that banks will have to bear the cost of fraudulent credit card transaction through point of sales that do not have prescribed security features. "It has been decided no...
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Posted Date : 28-Sep-2013 , 08:06:15 am | Posted By CASANSAAR
In a conscious bid to shore up dollar inflows in the wake of a widening current account deficit (CAD), the government on Friday permitted unlisted companies to directly list on stock exchanges abroad without prior or simultaneous listing on Indian bourses. Hitherto, unlisted companies incor...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 345
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Posted Date : 27-Sep-2013 , 10:52:04 pm | Posted By CASANSAAR
ICAI has constituted a committee to look into amendments if any to be made in rules related to three consecutive term restriction on the continuance as member of the Regional Council vis-à-vis corresponding applicable rules pertaining to Central Counci...
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Posted Date : 27-Sep-2013 , 06:33:34 pm | Posted By CASANSAAR
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on August 27, 2013, the Central Government has approved 15 proposals of Foreign Direct Investment (FDI) amounting to Rs. 2000.49 crore approximately. In addition, two proposals viz., M/s...
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Posted Date : 27-Sep-2013 , 06:30:27 pm | Posted By CASANSAAR
The Court of the Special Judge, Economic offences, Nampally, Hyderabad has sentenced the Managing Director of M/s Kitty Steels Ltd., Hyderabad to rigorous imprisonment for 3 months along with the fine of Rs. 5000/- each for the two offences committed under section 276B and 276C of the Income Ta...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 868
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Posted Date : 27-Sep-2013 , 11:08:35 am | Posted By CASANSAAR
In a landmark judgement, theSupreme Court on Friday asked the Election Commission to provide voters right to reject all candidates in elections. The apex court directed the Election Commission to make 'none of the above' option available for voting. "Negative v...
Continue Reading... Category : General | Comments : 0 | Hits : 415
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Posted Date : 27-Sep-2013 , 08:01:28 am | Posted By CASANSAAR
The Reserve Bank of India may be open to relaxing the initial equity capital requirement of Rs 500 crore for setting up a bank if it fails to find enough "fit and proper" candidates during the screening process. The intention is to allow a greater number of players qualify, a senior officia...
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Posted Date : 26-Sep-2013 , 08:24:53 pm | Posted By CASANSAAR
Mumbai Police, which is probing the alleged hacking by a CA student into Anil Ambani's e-filing of Income-Tax returns account, has stumbled upon another CA student who not only accessed the top industrialist's account, but also of popular cricketers and film stars including Sachi...
Continue Reading... Category : Students Zone | Comments : 1 | Hits : 1635
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Posted Date : 26-Sep-2013 , 02:37:23 pm | Posted By CASANSAAR
This is to inform that there is no change in the ITR filing due date. Tax Audit must be filed physically on or before 30thSeptember 2013 if not submitted electronically. For more details on this please read below Notification F.No. 225/117/2013/ITA.II issued by Central Board of Direct...
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Posted Date : 26-Sep-2013 , 01:08:48 pm | Posted By CASANSAAR
F.No. 225/117/2013/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated- 26th September, 2013 Order under Section 119 of the Income-tax Act. 1961. CBDT in exercise of power under sec 119(2)(a) of the IT Act, 1961 read with Se...
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Posted Date : 26-Sep-2013 , 08:48:37 am | Posted By CASANSAAR
In a big relief for youth pursuingvocational training courses to land a job,Finance Minister P Chidambaram has rolled back the 12.36% service tax on skill development and training firms imposed in the Finance Bill of 2013-14. Experts had warned that ...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 401
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Posted Date : 26-Sep-2013 , 08:17:39 am | Posted By CASANSAAR
With the auditors withdrawing their audit report on crisis-hit NSEL’s promoter Financial Technologies, the accounting watchdog ICAI has begun looking into the matter and has sought all available details from the stakeholders concerned. “There are certain provisions in the auditi...
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Posted Date : 26-Sep-2013 , 08:15:14 am | Posted By CASANSAAR
India Inc, which has to comply with domestic transfer pricing provisions for the first time since the norms were introduced by the Finance Act, 2012, faces compliance challenges. The top-most concern is substantiating that directors' fees paid by companies are at an 'arm's length' — which...
Continue Reading... Category : Corporate Law | Comments : 1 | Hits : 576
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Posted Date : 25-Sep-2013 , 09:19:35 pm | Posted By CASANSAAR
About Rs 2,280 crore unaccounted income being allegedly routed through Private Placement Programme(PPP) has been detected by economic intelligence sleuths. The Central Economic Intelligence Bureau(CEIB), the nodal agency in the Finance Ministry for gathering and disseminatin...
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Posted Date : 25-Sep-2013 , 01:31:16 pm | Posted By CASANSAAR
The government on Wednesday decided to finally announce the Seventh Pay Commission for central government employees and pensioners. "Prime Minister Manmohan Singh approved the constitution of the 7th Pay Commission. Its recommendations are likely to be implemented with effect from January 1, ...
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Posted Date : 25-Sep-2013 , 08:37:50 am | Posted By CASANSAAR
With an aim to check tax evasion, the Central Board of Direct Taxes(CBDT) has tightened norms to deal with 'no-filers' of income tax returns and asked its officers to follow uniform procedure in handling such cases. "The existing procedure for monitoring cases of '...
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Posted Date : 25-Sep-2013 , 07:51:19 am | Posted By CASANSAAR
Reserve Bank of India (RBI) has issued certain clarifications vide AP (DIR Series) Circular No. 30 dated September 04, 2013 with respect to the applicability of the revised guidelines in respect of Overseas Direct Investment (ODI) notified vide A.P. (DIR Series) Circular No.23 dated August 14, 2013 ...
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Posted Date : 24-Sep-2013 , 05:42:24 pm | Posted By CASANSAAR
Financial Technologies in a filing on the Bombay Stock Exchange have said that they will not discuss points one, two and five in tomorrow's AGM. The first point says that the stand alone and consolidated financial statements of the company for the previous financial year should...
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Posted Date : 24-Sep-2013 , 04:10:30 pm | Posted By CASANSAAR
The Reserve Bank of India has come down heavily on zero per cent or discounted interest rate schemes, and wants them stopped as it feels that consumers have been fooled by such schemes into believing that bank funding comes for free. "Such schemes only serve the purpose of (luring) and exploiting vu...
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Posted Date : 24-Sep-2013 , 03:00:28 pm | Posted By CASANSAAR
BlackBerry Limited today announced it has signed a letter of intent agreement under which a consortium to be led by Fairfax Financial Holdings Limited has offered to acquire the company subject to due diligence. Hyderabad-born Prem Watsa is the founder, chairman, and CEO of Fairfax Financia...
Continue Reading... Category : International Business | Comments : 0 | Hits : 315
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Posted Date : 24-Sep-2013 , 08:48:55 am | Posted By CASANSAAR
CBDT releases updated version of ITR- 7 and offline Forms (Other then ITR). updated version of ITR- 7 and offline Forms (Other then ITR) are available in the website on income tax www.incometaxindiaefiling.gov.in Assessee may download and use the same....
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Posted Date : 24-Sep-2013 , 07:33:30 am | Posted By CASANSAAR
A hundred thousand candidates have applied to the Securities and Exchange Board of India (Sebi) after it advertised for new officers to join the market watchdog. This puts the number of candidates at over 1,300 for every opening, according to two people familiar with the matter — one Sebi off...
Continue Reading... Category : General | Comments : 0 | Hits : 855
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Posted Date : 24-Sep-2013 , 07:22:43 am | Posted By CASANSAAR
The report on the National Spot Exchange Limited (NSEL) crises has been submitted to Prime Minister via the Finance Minister and the FM is likely to take a decision on the matter. The report lists that the NSEL crises has likely violated the Prevention of Money Laundering Act (PMLA Act), th...
Continue Reading... Category : General | Comments : 0 | Hits : 273
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Posted Date : 23-Sep-2013 , 09:34:44 pm | Posted By CASANSAAR
In the middle of a working day, SM Rehman, a daily wage earner, is at the ration card office in Delhi's Ambedkar Nagar, trying to get a new ration card made for his family of six. His biggest stumbling block isn't the form but an Aadhaar card. Under the Delhi government's food security scheme, an Aa...
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- NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
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- NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
- GST Important Update - Enhancement in the GST Portal
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- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
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- 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
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- Maha expects Rs 15 crore entertainment tax revenue from IPL
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- 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
