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Posted Date : 16-May-2013 , 03:40:13 pm | Posted By CASANSAAR
We have uploaded ITR-4S Sugam as applicable for AY 2013-14 / FY 2012-13 for online filing of Income Tax Returns for Presumptive Income Tax Return. ThisReturn Form is applicable for assessment year 2013-2014 only, i.e., it relates to income earned in Financial Year&...
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Posted Date : 16-May-2013 , 12:49:11 pm | Posted By CASANSAAR
The Supreme Court on Thursday said that no arrests could be made for objectionable comments on social networking websites without prior permission of senior police officers. The apex court also directed all the states and Union Territories to comply with the Centre's advisory on arresting p...
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Posted Date : 16-May-2013 , 10:33:09 am | Posted By CASANSAAR
Rajasthan Royals pace spearhead S Sreesanth and two other players - Ankeet Chavan and Ajit Chandila - have been arrested on charges of spot-fixing. The police have also arrested seven bookies in Mumbai and three bookies in Delhi in connection with the case. They are looking for two more bookies in ...
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Posted Date : 16-May-2013 , 08:34:11 am | Posted By CASANSAAR
CASANSAAR Team has received a lot of request and representation on the ongoing drama on the Convocation being organised by the ICAI through its various Regional Councils. It not hidden fact that younger member of the ICAI are not happy with the mother body of the profession. Again the half ...
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Posted Date : 16-May-2013 , 08:31:02 am | Posted By CASANSAAR
Tax exemption on leave travel allowance or LTA can be claimed only on domestic travel and cannot be clubbed with an overseas journey. If an air ticket comprises Indian and overseas components, no exemption will be provided either on the entire cost or on partial Indian travel. This was clarif...
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Posted Date : 16-May-2013 , 08:27:54 am | Posted By CASANSAAR
In the second successive signal in as many days to foreign investors about India's willingness to clear hurdles in the way of investment, law minister Kapil Sibal on Wednesday cleared a Sebiregulation which permits put and call options in mergers and acquisitions. "Yes, I h...
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Posted Date : 16-May-2013 , 08:20:54 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) and the government could look at reinstating audit system even in “smaller” branches with advances below Rs. 20 crore following rampant violation of know your customer (KYC) norms by banks revealed by investigative website Cobrapost. Large num...
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Posted Date : 16-May-2013 , 08:20:34 am | Posted By CASANSAAR
Download the Application Form Apply Online for ISA-AT, June 2013 Please visit the site http://isaat.icaiexam.icai.org to apply for Information Systems Audit (Isa) Course Assessment Test - June 2013 Source :- ICAI.ORG....
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Posted Date : 15-May-2013 , 09:31:05 pm | Posted By CASANSAAR
As the alarm goes off at 4am, N Shiva Kumar is up on his feet, stacking his bicycle with newspapers. He has to deliver them before the sun appears on the horizon. A habit since Class 6, Shiva's life is set to change now. Come June 16, this newspaper-boy-turned-vendor will walk do...
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Posted Date : 15-May-2013 , 08:47:18 pm | Posted By CASANSAAR
The Reserve Bank today announced it will launch inflation-linked bonds every month, starting June 4, to attract household savings of up to Rs 15,000 crore this fiscal so as to discourage investments in gold. "RBI, in consultation with Government of India, has decided to laun...
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Posted Date : 15-May-2013 , 06:47:55 pm | Posted By CASANSAAR
The National Pension System (NPS) regulated by Pension Fund Regulatory and Development Authority (PFRDA) has delivered double digit returns for the financial year 2012-13 and has evidenced itself as not just being the cheapest retirement product but also as the highest returns generating scheme. &n...
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Posted Date : 15-May-2013 , 03:01:26 pm | Posted By CASANSAAR
The Finance Ministry has approved payment of 8.5% rate interest for 2012-13, up from 8.25% in the previous fiscal, benefiting over 5 crore EPFO subscribers. "Finance Ministry has notified 8.5% interest rate for 2012-13. It will be implemented with immediate effect," EPFO's Central Provident Fund Co...
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Posted Date : 15-May-2013 , 09:54:32 am | Posted By CASANSAAR
In a decision that will have farreaching implications on companies across sectors, the Income-Tax Appellate Tribunal (ITAT), Mumbai, held that an element of cross-border transaction and existence of an associated enterprise (AE) are pre-requisites for invoking the provisions of transfer pr...
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Posted Date : 15-May-2013 , 08:30:24 am | Posted By CASANSAAR
Revision of Fee for all GMCS Course(s) 13th May, 2013 The Council at its 324th Meeting held in April, 2013 decided that with effect from 1st July, 2013 fee for the General Management and Communication Skills (GMCS) Course i.e. existing GMCS Course, GMCS – I and GMCS –...
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Posted Date : 15-May-2013 , 08:26:21 am | Posted By CASANSAAR
Gaurav, who has been working with Ekta Kapoor’s production house for three years now, claims he has been threatened for reporting the firm’s malpractices Ekta Kapoor, and her parents, Jeetendra and Shobha Kapoor have been caught in a legal turmoil for quite some time now. Last m...
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Posted Date : 15-May-2013 , 08:20:40 am | Posted By CASANSAAR
To improve flow of cheaper funds into key infrastructure sectors, the Reserve Bank of India on Tuesday eased the norms for external commercial borrowings (ECBs) for the aviation and housing sectors. "The RBI has extended the ECB relaxation for affordable housing, which was there for one yea...
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Posted Date : 15-May-2013 , 08:15:27 am | Posted By CASANSAAR
Newly-appointed Law Minister Kapil Sibal has overturned his predecessor Ashwani Kumar's decision on the Vodafone tax liability issue and has given a go ahead for the matter to be resolved through conciliation. British telecom major Vodafone faces a Rs. 11,200-crore tax liability in ...
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Record Performance of SPMCIL in Production of Bank Notes, Coins and Security Products During 2012-13Posted Date : 14-May-2013 , 08:50:14 pm | Posted By CASANSAAR
Security Printing & Minting Corporation of India Ltd. (SPMCIL) has achieved all the targets with regard to production of Bank Notes, Coins, Security Products (Passports, NJSPs, Postal Products and other Security Products) and production of the Raw Materials (Security Inks and Security Paper) dur...
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Posted Date : 14-May-2013 , 12:59:25 pm | Posted By CASANSAAR
ITR 1 (offline/online) for AY 2013-14 is available for e-Filing – Income taxDepartment has released ITR 1 for Filing of Return for the Assessment Year 2013-14/ Financial Year 2012-13. Download ITR- 1 for AY 13-14 / FY 2012-13 for Online Filing of Income tax Return &nbs...
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Posted Date : 14-May-2013 , 09:05:48 am | Posted By CASANSAAR
The question paper goof-up bug that plagued Mumbai University all this exam season appears to have gone viral. Even as some kind of order returned to the campus with teachers resuming duty, a nationwide CA exam has been pushed back as the wrong question paper was given out in a city c...
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Posted Date : 14-May-2013 , 08:39:27 am | Posted By CASANSAAR
In a bid to bring more transparency to the Mahatma Gandhi National Rural Employment Guarantee Act, The Institute of Chartered Accountants of India are evolving standards to audit the scheme in 2.5 lakh villages. Addressing a press conference here on Friday, president of ICAI Subodh Kumar Agarw...
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Posted Date : 14-May-2013 , 08:37:01 am | Posted By CASANSAAR
The RBI probing allegations of money laundering by several banks and insurance firms has found that these entities not only failed to adhere to Know-Your-Customer (KYC) norms but also permitted customers to divide cash deposits into small tranches below the benchmark level to avoid reporting or dete...
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Posted Date : 14-May-2013 , 07:56:02 am | Posted By CASANSAAR
Market regulator Sebi today extended the deadline for listed companies to comply with norms that bar employee benefit schemes and trusts from buying shares of their own firms from the secondary market, to December 31. Sebi has also provided clarification on applicability of thes...
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Posted Date : 13-May-2013 , 09:08:00 pm | Posted By CASANSAAR
With gold imports putting pressure on the current account deficit, the Reserve Bank today imposed restrictions on import of the yellow metal by banks."To moderate the demand for gold for domestic use, it has been decided to restrict the import of gold on consignment basis by...
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Posted Date : 13-May-2013 , 09:05:02 pm | Posted By CASANSAAR
IMPORTANT ANNOUNCEMENT CANCELLATION OF EXAMINATION OF GROUP-II, PAPER-7, INFORMATION TECHNOLOGY AND STRATEGIC MANAGEMENT OF INTERMEDIATE (INTEGRATED PROFESSIONAL COMPETENCE) EXAMINATION SCHEDULED ON 15TH MAY – 2013. It is hereby informed that due to unavoidable circumstance...
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Posted Date : 12-May-2013 , 08:26:22 pm | Posted By CASANSAAR
After Vodafone, Nokia and Shell, WNS is the latest MNC that has come under the tax scanner on transfer pricing issue and the outsourcing major has demands of additional tax of about Rs 557 crore on income and with regard to acquisition of UK-based Aviva's BPO services. The company, however, has cha...
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Posted Date : 12-May-2013 , 08:25:02 pm | Posted By CASANSAAR
Capital markets regulator Sebi is looking to frame a 'trade annulment policy' to cancel the freak trade orders that might have wider ramifications in terms of impact on the indices or other stocks. The annulment policy would look at safeguarding the broader market interests from the freak orders ex...
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Posted Date : 12-May-2013 , 08:04:13 pm | Posted By CASANSAAR
In its bid to plug revenue leakage, the Finance Ministry has detected custom duty and service tax evasion of at least Rs 400 crore between January and March this year. The detection came after the Directorate General of Central Excise Intelligence (DGCEI) and Directorate General of Revenue Intellig...
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Posted Date : 12-May-2013 , 08:25:30 am | Posted By CASANSAAR
Donations collected by schools will be tax-free if it is used for advancement of education. "If the income earned by a trust is utilized for charitable purposes, it cannot be held that the trust is carrying out business," the Mumbai bench of the Income Tax Appellate Tribunal said while hea...
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Posted Date : 12-May-2013 , 08:24:22 am | Posted By CASANSAAR
With the government’s demand of 57 per cent more tax under transfer pricing rules in 2012-13 making companies jittery, the Income Tax (I-T) Department has adopted a course-correction mode, giving ‘guidance’ to assessing officers to help them frame orders based on international best...
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- 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
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- 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
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- 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
