-
Posted Date : 22-May-2013 , 09:41:01 pm | Posted By CASANSAAR
In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs (CBEC), being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of Ind...
Continue Reading... Category : Custom | Comments : 0 | Hits : 489
-
Posted Date : 22-May-2013 , 06:21:54 pm | Posted By CASANSAAR
IMPORTANT ANNOUNCEMENT May 20th, 2013 Subject: Zone-shifting of candidates for 16th June - 2013 CPT Due to paucity of accommodation in some Zones opted by the candidates in the cities of Chennai, Indore and Mumbai some of the candidates have been allotted examinations centres in the...
Continue Reading... Category : Students Zone | Comments : 0 | Hits : 324
-
Posted Date : 22-May-2013 , 01:05:41 pm | Posted By CASANSAAR
Finance Minister P Chidabaram has said that making laws in the country is not an easy task which has become even more difficult due to legitimization of obstructionism as a Parliamentary tactic and coalition era. He, however, said the government will not give up and is determination to push thr...
Continue Reading... Category : Finance | Comments : 0 | Hits : 341
-
Posted Date : 22-May-2013 , 12:46:07 pm | Posted By CASANSAAR
Securities and Exchange Board of India - SEBI has made it mandatory for users to have their systems audited every six months and increased penalties on errant stock brokers. In a circular issued yesterday, SEBI has decided to tighten the norms for algorithmic trading following the recommendatio...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 403
-
Posted Date : 22-May-2013 , 10:15:33 am | Posted By CASANSAAR
SUPREME COURT OF INDIA RECORD OF PROCEEDINGS CIVIL APPEAL NO(s). 7208-7209 OF 2005 INST.OF CHARTERED ACCOUNTANTSOF INDIA VERSUS K. BHAGAVATHEESWARAN & ANR. (With office report) Date: 01/04/2013 These Appeals were called on for hearing today. CORAM : HON’BLE DR. JUSTICE B...
Continue Reading... Category : ICAI | Comments : 2 | Hits : 4731
-
Posted Date : 22-May-2013 , 08:38:47 am | Posted By CASANSAAR
Market regulator Sebi today exempted listed companies from submission of valuation report from an Independent Chartered Accountant for undertaking activities like merger, de-merger or change in capital if there is no change in the overall shareholding pattern. However, the c...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 766
-
Posted Date : 22-May-2013 , 08:36:05 am | Posted By CASANSAAR
The Union Finance Minister Shri P. Chidambaram has repeatedly emphasized that there is need for a non–intrusive tax administration to enable the tax payer to file his/her return and pay appropriate taxes. In the statement made by the Revenue Secretary, Government of India to the media on ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 357
-
Posted Date : 22-May-2013 , 08:29:59 am | Posted By CASANSAAR
The Institute of Cost Accountants of India celebrated its Annual Day in which Mr. K. Rahman Khan, Minister of Minority Affairs was the Chief Guest and Mr. M.J.Joseph, Additional Secretary,Ministry of Corporate Affairs was the Guest of Honor. Cost Accountants from across the country, other d...
Continue Reading... Category : ICWAI | Comments : 0 | Hits : 579
-
Posted Date : 22-May-2013 , 08:24:26 am | Posted By CASANSAAR
The Delhi High Court held that Service Tax cannot be levied from Aircraft Engineering Institutes which award aircraft maintenance engineering licences. A bench comprising Chief Justice D Murugesan and Justice Rajiv Sahai Endlawalso quashed show cause notices issued to M...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 365
-
Posted Date : 21-May-2013 , 08:51:33 pm | Posted By CASANSAAR
Service Tax Returns (ST 3) for the period July -Sept, 2012,e-filed in ACES, can now be viewed by the Assesses under ‘View Original ST3′ and ‘View ST3′ options under the RET module of ACES with a facility to revise it, if required. TheRevised return can be filed by t...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 654
-
Posted Date : 21-May-2013 , 06:38:06 pm | Posted By CASANSAAR
In a bid to attract greater FIIs (foreign institutional investors) participation in the debt market, the government today said foreign investors will pay only 5 per cent withholding tax on interest earned from such investments till May 2015. "In order to provide broad based incentive and en...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 246
-
Posted Date : 21-May-2013 , 05:22:09 pm | Posted By CASANSAAR
The government today said it would send letters to 70,000 "high priority" assessees this month asking them to disclose their true income and pay taxes in the current financial year. "... 70,000 letters are being sent in two batches to other high priority cases in this month. Of these, the first...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 349
-
Posted Date : 21-May-2013 , 12:07:23 pm | Posted By CASANSAAR
Defence secretary Shashi Kant Sharma would be the next Comptroller and Auditor General (CAG) of India. Officials said President Pranab Mukherjee has approved the appointment of Sharma as the nextCAG to replace Vinod Rai, who retires on Wednesday. Rai steps down a...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 585
-
Posted Date : 21-May-2013 , 08:50:02 am | Posted By CASANSAAR
The government has appointed auditors for the Reserve Bank of India after consulting with the Comptroller & Auditor General (CAG), reversing the earlier practice of involving the central bank in the selection process. The two auditors appointed by the government are V Sa...
Continue Reading... Category : Auditing | Comments : 1 | Hits : 830
-
Posted Date : 21-May-2013 , 08:39:13 am | Posted By CASANSAAR
The one-man committee, set up by the government to probe whether the world's largest retailer Walmart bribed its way into the Indian retail market, submitted its report to the ministry of corporate affairs on Saturday. Confirming that the report had been submitted, a senior government officialt...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 301
-
Posted Date : 21-May-2013 , 06:18:50 am | Posted By CASANSAAR
Union Finance Minister Shri P.Chidambaram has stressed on the key role of Competition Commission of India (CCI) in defining the role of the government as a regulator of competition and as a participant in the competitive process. Delivering the Annual day Lecture of Competition Commission of India (...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 208
-
Posted Date : 19-May-2013 , 04:14:01 pm | Posted By CASANSAAR
Aimed at widening revenue from indirect tax, the Finance Ministry has implemented one-time amnesty scheme for service tax defaulters to pay their due without any penalty or late payment charges. The ‘Voluntary Compliance Encouragement Scheme’, which came into force after passage...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 606
-
Posted Date : 19-May-2013 , 04:11:55 pm | Posted By CASANSAAR
Amid a growing number of brokerage firms, hedge funds and other market intermediaries from abroad soliciting business from HNIs and other investors in India, SEBI is considering introducing a separate set of rules for such foreign entities. The new set of rules would ensure that the interme...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 250
-
Posted Date : 19-May-2013 , 03:59:45 pm | Posted By CASANSAAR
Service tax evaders beware! Failing to deposit this tax may attract arrest and imprisonment upto seven years. With the passage of Finance Bill 2013 last week, the revenue department officials can now arrest a person for non-payment of collected service tax. Ea...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 522
-
Posted Date : 19-May-2013 , 03:51:08 pm | Posted By CASANSAAR
Income Tax department has slapped a fresh USD 106 million (about Rs 582 crore) tax demand notice on Infosys, for 2009 fiscal, adding to the tax woes of India's second largest IT firm. The Bangalore-based software services exporter is already contesting additional income tax demands of USD 214 milli...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 541
-
Posted Date : 18-May-2013 , 03:06:33 pm | Posted By CASANSAAR
Auditors of Canara Bank, India's fifth largest state-owned lender by assets, took objection to the management's decision to restructure loans of a particular borrower. The loan amounts to almost 20% of the bank's fresh restructuring of around Rs 18,110 crore in the March quarter. Fresh res...
Continue Reading... Category : Banking | Comments : 1 | Hits : 414
-
Posted Date : 18-May-2013 , 08:21:04 am | Posted By CASANSAAR
The Reserve Bank of India on Friday auctioned a new 10-year benchmark government bond worth Rs 7,000 crore at a cut-off yield of 7.16 per cent. The bond, which will matures in 2023 and carries a coupon rate of 7.16 per cent, will be the new benchmark paper in place of the existing 8.15 per ...
Continue Reading... Category : RBI | Comments : 0 | Hits : 344
-
Posted Date : 18-May-2013 , 08:16:49 am | Posted By CASANSAAR
The government is moving to ban multi-level marketing (MLM companies through an amendment to The Prize Chits and Money Circulation Schemes (Banning) Act, 1978. The proposal has been mooted by the department of financial services and is likely to be fast tracked considering the seriousness of the chi...
Continue Reading... Category : Finance | Comments : 0 | Hits : 366
-
Posted Date : 17-May-2013 , 09:23:45 pm | Posted By CASANSAAR
A day after the Delhi Police unearthed an alleged spot-fixing racket in IPL matches, a host of other probe agencies have begun sniffing for any clandestine ‘hawala’ transactions linked to it. The Enforcement Directorate (ED), which is tasked to check illegal payment gateways lik...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 257
-
Posted Date : 17-May-2013 , 05:13:30 pm | Posted By CASANSAAR
The ICAI proudly acknowledges professional achievements of its members in Entrepreneurship and Public Service. ICAI has constituted a special committee, the“Committee for Members in Entrepreneurship & Public Services” to recognize their contribution to the economy as a whole and...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 555
-
Posted Date : 17-May-2013 , 05:13:13 pm | Posted By CASANSAAR
Final Examination GROUP I PAPER - 1 : FINANCIAL REPORTING PAPER - 2 : STRATEGIC FINANCIAL MANAGEMENT PAPER – 3 : ADVANCED AUDITING AND PROFESSIONAL ETHICS PAPER – 4 : CORPORATE AND ALLIED LA...
Continue Reading... Category : Students Zone | Comments : 0 | Hits : 12635
-
Posted Date : 17-May-2013 , 08:46:01 am | Posted By CASANSAAR
A ruling by the Mumbai bench of the Income Tax Appellate Tribunal spells welcome relief for taxpayers who have paid huge sums as prepayment or foreclosure charges on early repayment of their housing loans. Such taxpayers can claim prepayment charges as deductible under the head incom...
Continue Reading... Category : Income Tax | Comments : 1 | Hits : 712
-
Posted Date : 17-May-2013 , 08:21:35 am | Posted By CASANSAAR
Announcement 16th May 2013. Change in venue for Paper 7-Information Technology andStrategic Management, ofIntermediate (IPC) Examination May 2013, to be held on 24th May 2013, in some candidates in Kolkata, Udaipur and Vijayawada Due t...
Continue Reading... Category : Students Zone | Comments : 0 | Hits : 552
-
Posted Date : 17-May-2013 , 08:09:30 am | Posted By CASANSAAR
Signalling that it had finally hit turnaround street, the scam-hitMahindraSatyam on Thursday declared a dividend of 30% for the first time after it was rocked by the worst corporate scandal in India's history. The dividend declared for fiscal 2012-13 despite an 11% drop in...
Continue Reading... Category : Shares & Stock | Comments : 0 | Hits : 493
-
Posted Date : 16-May-2013 , 05:33:58 pm | Posted By CASANSAAR
The International Accounting Standards Board (IASB) has issued this Request for Information document with an objective of to identify a range of rate regulatory schemes to help determine the scope of the Rate-regulated Activities research project. Invitation to commentASB invites comments on th...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 330
- 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
