-
Posted Date : 15-Jul-2013 , 07:21:09 am | Posted By CASANSAAR
Electronic filing of income taxreturns is likely to jump sharply this year as the government has brought down the mandatory limit of online filing to income above Rs.5 lakh from the earlier Rs.10 lakh. "A large number of people come under Rs.5 lakh to Rs.10 lakh category. The lowering of i...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 888
-
Posted Date : 15-Jul-2013 , 07:20:20 am | Posted By CASANSAAR
If your bank has been refusing to accept cheques for amounts that include fraction of a rupee, it's against the rules and the bank should be penalised. In an internal circular issued earlier, the Reserve Bank of India (RBI) had warned that banks which refuse to accept cheques on such grounds from cu...
Continue Reading... Category : RBI | Comments : 0 | Hits : 625
-
Posted Date : 15-Jul-2013 , 07:19:19 am | Posted By CASANSAAR
To make its enforcement actions more effective, market regulator Sebi is considering a significant increase in its monetary penalties, as also steps like public censure, against the errant entities. The proposals have been made to Sebi by an independent consultant, which was brought on boar...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 278
-
Posted Date : 15-Jul-2013 , 06:47:33 am | Posted By CASANSAAR
Kind Attention of the Members Payment of Membership Fee andCertificate of Practice Fee for the year 2013 -14 Fee circular for Payment of Membership Fee and Certificate ofPractice Fee has already been sent to all the members of...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 1422
-
Posted Date : 14-Jul-2013 , 05:29:40 pm | Posted By CASANSAAR
Petrol prices have been hiked by Rs 1.55 per litre with effect from Sunday midnight. This is the fourth increase in the rates since last month. Petrol price hike is due to the increasing oil pricing in international market and the Indian government has no control over the international marke...
Continue Reading... Category : General | Comments : 0 | Hits : 246
-
Posted Date : 14-Jul-2013 , 06:54:49 am | Posted By CASANSAAR
The changes in the tax rules have stumped many after both state and Union budgets were presented earlier this year. For one, under property tax, if any person buys property less than the collector rates, then he would have to pay tax applicable on the difference of the two. The new amendm...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 411
-
Posted Date : 13-Jul-2013 , 07:38:10 am | Posted By CASANSAAR
As the members are aware, the Direct Taxes Committee of ICAI makes suitable representations to the Central Board of Direct Taxes or other appropriate bodies on various issues arising out of direct tax laws from time to time which are brought to the notice of the Committee by the members. Recently, i...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 561
-
Posted Date : 13-Jul-2013 , 07:29:47 am | Posted By CASANSAAR
Indian Revenue Service officials of the Income Tax department will donate their one day's earnings to relief fund for the Uttarakhand rain and flash floods affected people. The I-T officials have been asked to send their contributions to a designated bank account in the national capital whi...
Continue Reading... Category : Income Tax | Comments : 1 | Hits : 241
-
Posted Date : 13-Jul-2013 , 07:10:50 am | Posted By CASANSAAR
Concerned over violation of anti-money laundering norms by banks, the RBI on Friday warned them to meticulously follow its instructions with regard to walk-in customers while selling insurance, mutual fund, gold and other products above Rs 50,000 or face action. "It is reiterated that banks...
Continue Reading... Category : RBI | Comments : 0 | Hits : 300
-
Posted Date : 12-Jul-2013 , 08:43:48 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) is likely to ask banks to classify floating provisions as net demand and time liability (NDTL) - a move that is expected to hurt HDFC Bank and IndusInd bank. HDFC Bank has floating provisions of Rs 1800 crore while IndusInd Bank has ...
Continue Reading... Category : RBI | Comments : 0 | Hits : 329
-
Posted Date : 12-Jul-2013 , 08:42:39 am | Posted By CASANSAAR
Market regulator Sebi has made it mandatory for companies to disclose the source of funds coming through preferential allotment of shares, a move aimed at discouraging the use of front entities by promoters to increase their stake. The directive seeks to plug the loophole in Seb...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 355
-
Posted Date : 11-Jul-2013 , 08:50:22 pm | Posted By CASANSAAR
The Institute of Company Secretaries of India (ICSI) is launching a ‘Certified Banking Compliance Professional Course’ in association with the Indian Institute of Banking and Finance (IIBF). The Course will be launched tomorrow afternoon at Mumbai by Dr. K. C. Chakrabarty , Deputy Govern...
Continue Reading... Category : ICSI | Comments : 0 | Hits : 1115
-
Posted Date : 11-Jul-2013 , 08:50:07 pm | Posted By CASANSAAR
Tomorrow is the last date for sending the comments to the Institute of Chartered Accountants of India (ICAI) on the Draft Templates of Taxonomy for Life and Non-life Insurance Companies. The Comments may be sent by e-mail at xbrl@icai.in so as to be received not later than July 12, 2013. ICAI h...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 226
-
Posted Date : 11-Jul-2013 , 08:49:56 pm | Posted By CASANSAAR
The government has asked Securities and Exchange Board of India (Sebi) to set up a committee to look into compatibility of market watchdog's regulations for private placement of securities with the proposed measures in this regard in the new Companies Bill.The suggestion has been made by the Corpora...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 257
-
Posted Date : 11-Jul-2013 , 08:46:16 pm | Posted By CASANSAAR
As always, July is the time for filing tax returns in India. As a Non Resident Indian, you would typically need to file a tax return in India if you have income that arises in India. This year, theincome tax department has made two important changes that you must be aware of. These changes...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1631
-
Posted Date : 11-Jul-2013 , 08:24:17 am | Posted By CASANSAAR
The enforcement directorate (ED) on Wednesday issued show cause notices for alleged foreign exchange violations of Rs 3,805 crore to telecom firms and other entities as part of its investigation into the 2G spectrum allocation case. The notices by the central probe agency have been issued a...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 256
-
Posted Date : 11-Jul-2013 , 08:16:46 am | Posted By CASANSAAR
Sixty-five-year old Prabha Mishra, who has never earned any income in life, was shocked to receive a letter from the income tax department recently. It said the Directorate of Intelligence & Criminal Investigation had information about term deposits she made last year but did n...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 705
-
Posted Date : 10-Jul-2013 , 08:53:38 pm | Posted By CASANSAAR
In a landmark judgement that could cleanse Parliament and Assemblies of criminals, the Supreme Court today struck down a provision in the electoral law that protects a convicted lawmaker from disqualification on the ground of pendency of appeal in higher courts. "The o...
Continue Reading... Category : General | Comments : 0 | Hits : 381
-
Posted Date : 10-Jul-2013 , 04:22:40 pm | Posted By CASANSAAR
The result of the Chartered Accountants Final Examination held in May, 2013 and CommonProficiency Test (CPT) held in June, 2013 are likely to be declared on Tuesday, the 16th July, 2013around 2.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55% andabove marks and up...
Continue Reading... Category : Students Zone | Comments : 0 | Hits : 1023
-
Posted Date : 09-Jul-2013 , 08:22:55 pm | Posted By CASANSAAR
Download Guidance Note on Tax Audit u/s 44AB of the Income-tax Act, 1961- Revised 2013 Edition issue by ICAI. Click on the attached file. or CLICK HERE Source : ICAI...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 5255
-
Posted Date : 09-Jul-2013 , 06:50:54 pm | Posted By CASANSAAR
9th July, 2013 IMPORTANT ANNOUNCEMENT The result of the Information Systems Audit [ISA] Assessment Test held on 22nd June, 2013 is likely to be declared on 16th July, 2013 around 2.00 PM at the Institute’s office at New Delhi.The result of the above Assessment Test will be availabl...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 403
-
Posted Date : 09-Jul-2013 , 01:49:51 pm | Posted By CASANSAAR
Tightening their noose on loan defaulters, banks have decided to 'name and shame' the guarantors of such borrowers as well by publishing their photographs and other details in newspapers and at notice boards of bank branches and community centres. Banks, mostly public sector lenders, began publishi...
Continue Reading... Category : Banking | Comments : 0 | Hits : 449
-
Posted Date : 09-Jul-2013 , 07:55:59 am | Posted By CASANSAAR
A local court awarded life imprisonment to four convicts for the murder of a chartered accountant six years ago on Monday, three days after they were held guilty. The court also slapped a fine of Rs 30,000 each on Kanav Arora, Ashwinder Singh, both residents of Sector 21, Mandeep Sin...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 952
-
Posted Date : 09-Jul-2013 , 07:50:36 am | Posted By CASANSAAR
The Reserve Bank of India on Monday eased rules for non-bank asset finance companies to raise debt overseas by allowing the lenders to raise such funds through the automatic route as against the approval route earlier, in a step aimed at improving dollar supply amid a weakening rupee. Non...
Continue Reading... Category : RBI | Comments : 0 | Hits : 234
-
Posted Date : 08-Jul-2013 , 10:21:47 am | Posted By CASANSAAR
The Indian rupee breached the 61 mark against the U.S. dollar for the first time ever on Monday, surpassing the previous record low of 60.76 hit on June 26. The partially convertible rupee traded at 61.19 as of 10.02 a.m. against Friday's close of 60.23. The Reserve Bank of India was spotted sellin...
Continue Reading... Category : International Business | Comments : 0 | Hits : 395
-
Posted Date : 07-Jul-2013 , 08:34:56 pm | Posted By CASANSAAR
Taxpayers having grievances regarding their I-T refunds and tax computations will now get a unique acknowledgement number with an assurance that their complaint will be resolved within two months time. The newly introduced number will not cause confusion and will be different from the exist...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 576
-
Posted Date : 06-Jul-2013 , 08:35:22 pm | Posted By CASANSAAR
A bank manager and two others have been arrested for allegedly demanding a bribe of Rs 7,000 from a farmer, police said today. Manager of Allahabad Bank, Auradeeh Branch, Ramesh Verma, a peon and a facilitator were arrested by a CBI team yesterday during a raid for demanding Rs 7000 as brib...
Continue Reading... Category : Banking | Comments : 0 | Hits : 615
-
Posted Date : 06-Jul-2013 , 11:31:02 am | Posted By CASANSAAR
No. 13-CA (EXAM)/N/2013: In pursuance of Regulation 22 of the CharteredAccountants Regulations, 1988, the Council of the Institute of CharteredAccountants of India is pleased to notify that the Intermediate (IPC) and Final examinations will be held on the dates given below at the...
Continue Reading... Category : Students Zone | Comments : 0 | Hits : 1655
-
Posted Date : 06-Jul-2013 , 11:28:46 am | Posted By CASANSAAR
5h July, 2013 – No.13-CA (EXAM)/CPT/December/2013: In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to notify that the Common Proficiency Test will be held on Sunday...
Continue Reading... Category : Students Zone | Comments : 0 | Hits : 348
-
Posted Date : 06-Jul-2013 , 08:30:31 am | Posted By CASANSAAR
Revenue Secretary Sumit Bose today said concerns of the industry relating to Service Tax Voluntary Compliance Encouragement Scheme (VCES) 2013 will be duly addressed and the necessary clarification, wherever required, will be issued at the earliest. Bose was addressing the repre...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 454
- 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
