-
Posted Date : 08-Mar-2013 , 09:33:24 pm | Posted By CASANSAAR
In order to enhance the efficiency of Debt Recovery Tribunals (DRTs) and Debt Recovery Appellate Tribunals (DRATs) and to provide a platform for seamless operations to Banks, Financial Institutions and general public to expedite recovery of public money, there is a proposal for introduction of e-gov...
Continue Reading... Category : General | Comments : 0 | Hits : 200
-
Posted Date : 08-Mar-2013 , 09:30:15 pm | Posted By CASANSAAR
India has signed 88 Double Taxation Avoidance Agreements (DTAAs) out of which 85 have entered into force, with various countries including Sri Lanka and South Korea. The DTAAs provide for allocation of taxation rights to source State and residence State in respect of business profits including ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 240
-
Posted Date : 08-Mar-2013 , 09:21:06 pm | Posted By CASANSAAR
The government today opened the country’s first all-women post office here and announced plans to open more such branches completely operated by women employees. “In coming days, I believe there will be more all-women post offices across country for convenience of women,” ...
Continue Reading... Category : General | Comments : 0 | Hits : 422
-
Posted Date : 08-Mar-2013 , 08:55:24 pm | Posted By CASANSAAR
Recent investigations conducted by the Income Tax Department in about 150 cases in Mumbai have led to detection of bogus bills of Rs 6,500 crore. Another 39 cases in Pune have also been detected amounting to Rs 722 crore. It has been noticed that a large number of tax payers have obtained t...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 535
-
Posted Date : 08-Mar-2013 , 08:42:07 am | Posted By CASANSAAR
In a very interesting move which may not be a good news for practicing CA, CS, CMA etc. who are engaged in practice in the area of Law and taxation, Rajasthan Tax Bar Association have filed a petition before Chief Commissioner of Income Tax (CCIT), Rajasthan and urged...
Continue Reading... Category : ICAI | Comments : 1 | Hits : 4535
-
Posted Date : 08-Mar-2013 , 08:00:17 am | Posted By CASANSAAR
The voluntary compliance encouragement scheme (VCES) announced in the Union budget to boost service tax collections will not be made available to tax assesses against whom any inquiry or investigation is pending by issue of search warrant or summons or by way of audit. Officials explained that this...
Continue Reading... Category : Budget | Comments : 0 | Hits : 626
-
Posted Date : 08-Mar-2013 , 07:57:02 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) today said it would clarify the issues raised by banking aspirants regarding the final norms on new bank licences. The clarifications would be put up on the central bank’s website, rbi.org.in. “RBI has been receiving queries from intending applicants, see...
Continue Reading... Category : RBI | Comments : 0 | Hits : 329
-
Posted Date : 08-Mar-2013 , 07:49:55 am | Posted By CASANSAAR
The government is firm on going ahead with the proposed amendments that will empower tax authorities to arrest those who collect service tax but do not deposit it with the government within the specified time. The finance ministry's determination to steer the amendments comes agains...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 325
-
Posted Date : 07-Mar-2013 , 06:59:00 pm | Posted By CASANSAAR
The Delhi government has initiated one of the biggest crackdowns on tax evaders to claim hundreds of crores of unpaid taxes.The trade and taxes departmentof the state government has zeroed in on over 66,000 businessmen after discrepancies in their accounts showed up while analysing th...
Continue Reading... Category : VAT | Comments : 0 | Hits : 490
-
Posted Date : 07-Mar-2013 , 06:45:26 pm | Posted By CASANSAAR
Subrata Roy, head of the Sahara group, appealed against the attachment of his personal properties in the Securities Appellate Tribunal (SAT) on Thursday. Tribunal member Jog Singh moved the hearing to Monday citing the absence of a presiding officer. PK Malhotra, SAT's acting presiding offi...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 290
-
Posted Date : 07-Mar-2013 , 02:48:19 pm | Posted By CASANSAAR
Referring to placements for CAs, K. Raghu the newly elected Vice-President of the ICAI said there has been campus recruitment across 22 locations in 350 colleges where newly qualified CAs are offered a initial pay packet in the range of Rs 6 to 7 lakhs. Qualified CAs not only get good ...
Continue Reading... Category : ICAI | Comments : 5 | Hits : 4194
-
Posted Date : 07-Mar-2013 , 02:48:07 pm | Posted By CASANSAAR
CBEC extends the date of e-filling of the new Service Tax Return ST-3 for the period 1stJuly'2012 to 30 Sep'2012 from 25 March' 2013 to 15th April'2013. The electronic version of the ST-3 form is under process and likely to be available on ACES around 20th March'2013. Order...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 821
-
Posted Date : 07-Mar-2013 , 07:51:10 am | Posted By CASANSAAR
KPMG could lose the biggest audit contract in corporate Britain after HSBC decided to consider bringing in a fresh pair of eyes to vet its accounts. The bank said it would put its audit contract out to tender for the first time in more than two decades in the most striking sign ye...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 748
-
Posted Date : 07-Mar-2013 , 07:45:47 am | Posted By CASANSAAR
Attempts by tax officials to garner power of arrest over individuals guilty of not paying service taxexceeding Rs 50 lakh has run into opposition from members of Parliament (MPs) across parties. Finance Minister P Chidambaram's proposal in the Budget to introduce Section 91, which wil...
Continue Reading... Category : Budget | Comments : 0 | Hits : 458
-
Posted Date : 06-Mar-2013 , 06:31:04 pm | Posted By CASANSAAR
Cadbury India Ltd has been slapped a notice for a demand of over Rs 250 crore in excise duty allegedly evaded by it by claiming exemption for a ‘ghost’ production unit. The Directorate-General of Central Excise Intelligence has issued the show-cause notice after its investigatio...
Continue Reading... Category : Excise | Comments : 0 | Hits : 364
-
Posted Date : 06-Mar-2013 , 08:34:26 am | Posted By CASANSAAR
A senior Finance Ministry official on Tuesday clarified that taxpayers having an annual income of over Rs 5 lakh will be required to file their returns in electronic form. "Income tax returns for the group above Rs 5 lakh, all such returns will be e-filed. This is a move towards using technolo...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1050
-
Posted Date : 06-Mar-2013 , 08:30:02 am | Posted By CASANSAAR
If you thought every rupee was valued in these days of rising prices, think again. A huge sum of Rs 22,636 crore is lying in inoperative accounts with the Employee Provident Fund Organization (EFPO). These funds are linked to accounts that are lying dormant for more than 36 months and are e...
Continue Reading... Category : Accounts | Comments : 0 | Hits : 1027
-
Posted Date : 06-Mar-2013 , 08:25:09 am | Posted By CASANSAAR
Software companies are miffed that the government is dragging its feet on refunding at least Rs3,000 crore in service tax despite promises to do so. While on one hand the government has said it will crack down on tax dodgers, it is unwilling to return the money it owes to information techn...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 338
-
Posted Date : 06-Mar-2013 , 08:22:47 am | Posted By CASANSAAR
Market regulator Securities and Exchange Board of India on Tuesday formed a panel to review insider trading rules to curb the rising menace of the illegal practice. Sebi appointed NK Sodhi, former chief justice of Karnataka High Court and former presiding officer of the...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 267
-
Posted Date : 05-Mar-2013 , 10:23:47 pm | Posted By CASANSAAR
The Reserve Bank of India on Tuesday asked banks to make available the facility of exchange of cut/mutilated banknotes, in addition to soiled notes and issue of good quality clean banknotes/coins, at all bank branches (including those of co-operative banks and regional rural banks). This fa...
Continue Reading... Category : Banking | Comments : 0 | Hits : 446
-
Posted Date : 05-Mar-2013 , 05:53:12 pm | Posted By CASANSAAR
Income Tax Department has detected undisclosed income of Rs 20,589.75 crore in searches and surveys conducted by it in 2011-12, government said today. Minister of State for Finance S S Palanimanickam in a written reply to the Rajya Sabha said, "In the searches conducted by Income Tax Departme...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 321
-
Posted Date : 05-Mar-2013 , 05:50:03 pm | Posted By CASANSAAR
The government will have to explain allegations of malpractices in one of its flagship schemes to waive the debts of farmers across the country, a promise which helped power the coalition's victory in 2009 . The government's auditor or CAG has said that the 52,000-crore scheme was mar...
Continue Reading... Category : CAG | Comments : 0 | Hits : 569
-
Posted Date : 05-Mar-2013 , 08:28:00 am | Posted By CASANSAAR
Finance minister P Chidambaram on Monday said amendment to the retrospective tax rules would be sought from Parliament only after the Vodafone tax dispute is resolved. According to the rules set last year, the government can make retrospective tax claims on long-concluded corpora...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 358
-
Posted Date : 05-Mar-2013 , 08:22:07 am | Posted By CASANSAAR
The corporate affairs ministry today said investigations or inspections have been initiated against 87 companies following complaints against the entities for floating fraudulent investment schemes. Further, to crackdown on entities floating fraudulent investment schemes, the government has asked st...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 423
-
Posted Date : 04-Mar-2013 , 06:48:55 pm | Posted By CASANSAAR
Failure to pay excise duty and service tax could lead to arrest of defaulters, as per the provisions proposed in the Finance Bill 2013 introduced by Finance Minister P Chidambaram in the Lok Sabha. As per the provisions, offences relating to excise and customs duty evasion of over Rs 50 lak...
Continue Reading... Category : Budget | Comments : 0 | Hits : 822
-
Posted Date : 04-Mar-2013 , 05:48:57 pm | Posted By CASANSAAR
The government will issue so-called safe harbour rules by April 2013, a set of provisions that under certain conditions would enable tax authorities to accept companies transfer pricing claims without further scrutiny, Finance Minister P Chidambaram said on Monday. Transfer pricing is the valu...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 259
-
Posted Date : 04-Mar-2013 , 03:16:27 pm | Posted By CASANSAAR
Financial inclusion plan will be an important criteria for getting new bank licences in the private sector, the Reserve Bank of India (RBI) said on Monday. The apex bank came out with new bank licence guidelines last month wherein it said the important criterion for processing application would be ...
Continue Reading... Category : Banking | Comments : 0 | Hits : 259
-
Posted Date : 04-Mar-2013 , 02:45:16 pm | Posted By CASANSAAR
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA(Premier professional body set up by an Act of Parliament)ICAI Bhavan, Indraprastha Marg, Post Box No. 7100, New Delhi 110 002. ICAI invites applications from highly competent candidates for the positions ofSECRETARY,TECHNICAL DIRECTORand&nbs...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 590
-
Posted Date : 03-Mar-2013 , 04:54:05 pm | Posted By CASANSAAR
India's first all-women bank will start operations from November this year through six branches spread across the length and breadth of the country, Finance Minister P Chidambaram said today. "It will be inaugurated in November. Initially we should start with at least one branch in each maj...
Continue Reading... Category : Banking | Comments : 0 | Hits : 306
-
Posted Date : 03-Mar-2013 , 09:40:50 am | Posted By CASANSAAR
Finance Minister P Chidambaram said the revenue department will send tax notices to 35,000 assesses next week, beefing up efforts to reach the collection target for the fiscal. "We have issued notices to 35,000 people saying that on the basis of information we have, you should have filed yo...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1499
- 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
