-
Posted Date : 01-May-2013 , 08:01:38 am | Posted By CASANSAAR
Two competitive exams are now clashing with the University of Mumbai exams giving students a nightmare. MCom final year paper (old syllabus) scheduled for May 2 clashes with CA exam on the same day. Optional papers of business studies, business economics, accountancy, business management, b...
Continue Reading... Category : Students Zone | Comments : 0 | Hits : 782
-
Posted Date : 01-May-2013 , 07:29:54 am | Posted By CASANSAAR
New norms have been put in place for Extensible Business Reporting Language (XBRL) filing with effect from 6thOctober, 2011 for select class of companies. For the financial years 2010-11 and 2011-12 a total of 2,90,39 and 2,57,86 companies respectively have filed their Balance S...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 634
-
Posted Date : 30-Apr-2013 , 08:18:35 pm | Posted By CASANSAAR
In a bid to counter tax evasion, the Finance Ministry is contemplating making it mandatory for individuals and Hindu Undivided Families (HUFs) to report Indian assets and liabilities in income-tax (I-T) return forms. "The government is considering to introduce a new income tax return form that will...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 909
-
Posted Date : 30-Apr-2013 , 07:54:32 pm | Posted By CASANSAAR
Oil companies on Tuesday reduced the price of petrol by Rs. 3 per litre effective midnight, without taxes, after international prices cooled. Oil firms review the price of petrol every two weeks. While petrol price has been deregulated since June 2010 and the price is market determined, t...
Continue Reading... Category : General | Comments : 0 | Hits : 449
-
Posted Date : 30-Apr-2013 , 07:48:33 pm | Posted By CASANSAAR
Government today said Enforcement Directorate (ED) is investigating alleged violation of foreign exchange regulation by cash and carry chain Bharti-Walmart. "On the basis of a reference received from Reserve Bank of India, ED has taken appropriate action to investigate alleged contravention...
Continue Reading... Category : FEMA | Comments : 0 | Hits : 368
-
Posted Date : 30-Apr-2013 , 05:54:23 pm | Posted By CASANSAAR
The government will cut the tax on interest payments to foreigners on government and corporate debt to 5 per cent from up to 20 per cent for a two-year period, in a bid to draw further inflows to bridge its current account deficit and polish its reformist credentials. The move meets a long-term dem...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 240
-
Posted Date : 30-Apr-2013 , 04:27:18 pm | Posted By CASANSAAR
The passage of the General and Railway budgets was rushed through as the guillotine had to applied to meet the constitutional requirements. Government today ruled out imposition of wealth tax on agriculture land as the Lok Sabha completed the budgetary exercise in an unusual way with Financ...
Continue Reading... Category : Budget | Comments : 0 | Hits : 425
-
Posted Date : 30-Apr-2013 , 04:24:05 pm | Posted By CASANSAAR
The Australia and India have enjoyed a special bonding in terms of their move to a regional economic operation and in terms of services sector in general and accountancy sector in particular. Both countries share common cultural and linguistic ties as both are part of the Commonwealth of Nations. Th...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 761
-
Posted Date : 30-Apr-2013 , 09:18:47 am | Posted By CASANSAAR
CA final exams will be started from 2ndMay 2013 and ended on 16th May 2013 CA IPCC will be started from 3rd May and ended on 15th May 2013 CA IPCC Exam Date Sheet for May 2013 Date May 2013 Day Exam Group 3nd Friday ...
Continue Reading... Category : Students Zone | Comments : 0 | Hits : 4366
-
Posted Date : 30-Apr-2013 , 09:09:25 am | Posted By CASANSAAR
F. No. A-12023(1)/01/2013-Admn.III(LA)GOVERNMENT OF INDIAMINISTRY OF LAW AND JUSTICEDEPARTMENT OF LEGAL AFFAIRS Dated : April 17, 2013 CIRCULAR Subject: Applications for appointment to the posts of Member (Judicial/ Accountant), Income TaxAppellate Tribunal. ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1673
-
Posted Date : 30-Apr-2013 , 08:51:31 am | Posted By CASANSAAR
Despite the political deadlock over the coal scam, the key Finance Bill is likely to be passed in Lok Sabha on Tuesday. A temporary truce has been achieved between the government and the opposition to pass the money bills. The crucial Finance Bill can't be delayed beyond Tuesday as per the ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 298
-
Posted Date : 30-Apr-2013 , 08:40:58 am | Posted By CASANSAAR
The Income Tax Department failed to recover tax revenue of about Rs 1.9 lakh crore in 379 cases as on December 31, 2012, as there were no or insufficient assets in these cases. The unrecovered sum and was almost equal to that collected as personal income tax during 2012-13. Also, according to Centra...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 450
-
Posted Date : 30-Apr-2013 , 08:39:25 am | Posted By CASANSAAR
Honda Motor Company's endeavour to garner market share in India by offering discounts on models such as the Brio and Jazz has run afoul of tax authorities. The Central Board of Excise & Customs(CBEC) has served a show-cause notice on the Japanese auto major demanding that it pay 1...
Continue Reading... Category : Excise | Comments : 0 | Hits : 439
-
Posted Date : 30-Apr-2013 , 08:35:13 am | Posted By CASANSAAR
Finance Minister P Chidambaram has assured party MPs from the north that there will be no levy of wealth tax on agricultural land, Haryana Chief Minister Bhupinder Singh Hooda said today.Hooda led a delegation of Congress MPs from Punjab, Haryana, Rajasthan and Uttar Pr...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 295
-
Posted Date : 29-Apr-2013 , 10:29:59 pm | Posted By CASANSAAR
Further to para 8 of the Press Release dated March 25, 2013, wherein it was stated that decision of the 6 (Six) proposals will be communicated separately, the Central Government has approved two (2)Proposals of Foreign Direct Investment (FDI) amounting to Rs. 89.33 crore app...
Continue Reading... Category : Finance | Comments : 0 | Hits : 260
-
Posted Date : 29-Apr-2013 , 09:24:58 am | Posted By CASANSAAR
Amid rising instances of common man being duped by illegal money-pooling activities, Ministry of Corporate Affairs has started tapping various platforms, including visual media, to sensitise investors from falling prey to fraudulent investment schemes. To reach out to larger number of...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 287
-
Posted Date : 29-Apr-2013 , 09:22:41 am | Posted By CASANSAAR
The Reserve Bank is looking into sale of gold coins and gold-related investment products by about 30 banks to find out whether their employees are mis-selling such products to customers. The RBI move follows complaints of customers being induced by bank employees and non-staff members withi...
Continue Reading... Category : Banking | Comments : 0 | Hits : 330
-
Posted Date : 28-Apr-2013 , 08:07:58 am | Posted By CASANSAAR
The Delhi High Court has quashed the Centre's notification to levy service tax on chit-fund business, saying the act of a foreman, who conducts auction of chit amount among contributors, does not fall under the definition of "service" provided in the Finance Act. "We have come to the conclusion tha...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 489
-
Posted Date : 27-Apr-2013 , 06:48:30 pm | Posted By CASANSAAR
The Supreme Court has askedSEBI to deal sternly with companies indulging in manipulative and deceptive practises to send a clear message that market abuse will not be tolerated in the country. "SEBI, the market regulator, has to deal sternly with companies and their Directors ind...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 1365
-
Posted Date : 27-Apr-2013 , 02:24:36 pm | Posted By CASANSAAR
In a multi-agency crackdown against alleged duping of public investors through Ponzi schemes, the governmenttoday said the entities suspected to be engaged in such activities are being probed by Sebi, RBI and the Corporate Affairs Ministry, among others. Besides, the Income ...
Continue Reading... Category : General | Comments : 0 | Hits : 204
-
Posted Date : 27-Apr-2013 , 08:37:30 am | Posted By CASANSAAR
The Vodafone Group has challenged an Income tax Department’s transfer pricing order that sought to bring Rs 1,300 crore to tax for undervaluation in the shares issued by Vodafone India Services to a Mauritius-based group company. A writ petition challenging the jurisdiction of the tra...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 389
-
Posted Date : 27-Apr-2013 , 08:32:09 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has approved the merger of Surat Nagrik Sahkari Bank with Mehsana Urban Cooperative Bank, giving relief to former's 44,000 account holders and depositors in the city. The account holders and depositors of Surat Nagrik Sahkari Bank were on the tenterhoo...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 282
-
Posted Date : 26-Apr-2013 , 07:56:23 pm | Posted By CASANSAAR
The salient features of the Tax Forgone Statement issued by the Government are as under: • This Statement seeks to list the revenue impact of tax incentives or tax subsidies that are a part of the tax system of the Central Government. • This Statement attempts to estimate so...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 349
-
Posted Date : 26-Apr-2013 , 07:55:18 pm | Posted By CASANSAAR
The cases of service tax evasion have increased during the recent time. The details are as under: Year No. of cases detected Service tax evasion involved (Rs. in crores) 2010-11 8399 14291 2011-12 8710 14608 2012-13 (upto...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 642
-
Posted Date : 26-Apr-2013 , 07:53:08 pm | Posted By CASANSAAR
The Government has recently amended the Money Laundering Act. The objectives of recent amendment in Prevention of Money-laundering Act, 2002 is to strengthen the legislative and administrative framework of the country to prevent money laundering and countering financing of terrorism and capabli...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 379
-
Posted Date : 26-Apr-2013 , 03:53:28 pm | Posted By CASANSAAR
In its efforts to protect the interest of investors, the Corporate AffairsMinistry plans to analyse data on unpaid and unclaimed money lying with various companies. "The Ministry has decided to analyse the data uploaded on MCA 21 portal by companies about unpaid and unclaimed amounts of mo...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 839
-
Posted Date : 26-Apr-2013 , 03:13:08 pm | Posted By CASANSAAR
In a set back for the state government, Gujarat high court on Thursday ruled that it cannot levy property tax on mobile towers and struck down the amendment made in the local laws. Granting petitions filed by telecom companies, the HC quashed section 145 of Gujarat ...
Continue Reading... Category : General | Comments : 0 | Hits : 861
-
Posted Date : 26-Apr-2013 , 09:09:49 am | Posted By CASANSAAR
LETTER FROM DIT (SYSTEMS) – MEMBERS TO BE CAUTIOUS WHILEE-FILING INCOME-TAX RETURNS CA Members may note that ICAI has received a letter from Directorate of Income-tax (Systems) requesting it to impart information regarding correctprocedure of e-filing of ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 2442
-
Posted Date : 26-Apr-2013 , 09:07:27 am | Posted By CASANSAAR
The Delhi High Court has asked the Centre to respond to a petition that asks how children less than 18 years of age are allowed to open an account on social networking sites including Facebook, even though Indian laws do not permit it. Facebook allows 13-year-olds to open accounts. ...
Continue Reading... Category : General | Comments : 1 | Hits : 1288
-
Posted Date : 26-Apr-2013 , 09:06:09 am | Posted By CASANSAAR
The Reserve Bank today warned foreign companies not to use directinvestments to set up entities in India so as to facilitate trading in currencies, securities and commodities without its approval. Any incidence of such product facilitation would be treated as a contravention of theforeign ...
Continue Reading... Category : RBI | Comments : 0 | Hits : 806
- 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
