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Posted Date : 21-Feb-2013 , 07:41:14 am | Posted By CASANSAAR
The Reserve Bank tightened norms for import of precious and semi-precious stones by imposing a limit of 90 days towards letter of credit. "It is clarified that Suppliers' and Buyers' Credit (trade credit) including the usance period of Letters of Credit opened for import ofprecious stones...
Continue Reading... Category : RBI | Comments : 0 | Hits : 276
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Posted Date : 20-Feb-2013 , 10:30:55 pm | Posted By CASANSAAR
COMPANY SECRETARIES EXAMINATION RESULTS DECEMBER, 2012 The Result Of Foundation Programme (Old Syllabus), Executive Programme And Professional Programme Examinations Held In December, 2012 Is Scheduled To Be Declared At 11.00 A.M. On 25th February, 2013. The Results Alongwith...
Continue Reading... Category : ICSI | Comments : 0 | Hits : 461
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Posted Date : 20-Feb-2013 , 09:13:05 pm | Posted By CASANSAAR
Indian companies are expected to dole out an average salary hike of 10.3% this year according to estimates released by a global HR consulting firm on Wednesday. This will be lowest hike post the financial crisis of 2008-09. The study conducted by Aon Hewitt shows a wide variance o...
Continue Reading... Category : General | Comments : 0 | Hits : 428
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Posted Date : 20-Feb-2013 , 09:19:30 am | Posted By CASANSAAR
A two-day nationwide strike by 11 major trade unions began this morning, severely impacting banking services and crippling public transport in cities. One person died in clashes between the police and striking workers in Ambala. Trade unionists claim 10 crore workers will be taking p...
Continue Reading... Category : General | Comments : 0 | Hits : 272
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Posted Date : 20-Feb-2013 , 09:14:37 am | Posted By CASANSAAR
In an interesting turn of events, the Ministry of Corporate Affairs (MCA) has roped in Tata Consultancy Services (TCS) as a consultant for smooth running of its portal, MCA21. TCS was in charge of development and management of the portal for seven years, until MCA decided to hand the work of i...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 526
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Posted Date : 20-Feb-2013 , 09:10:58 am | Posted By CASANSAAR
With an eye on the next Lok Sabha election — which Samajwadi Party (SP) president Mulayam Singh Yadav has already said may be held in September — Chief Minister Akhilesh Yadav substantially increased allocation for the populist schemes of his government in the state's...
Continue Reading... Category : Budget | Comments : 0 | Hits : 279
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Posted Date : 19-Feb-2013 , 09:51:42 pm | Posted By CASANSAAR
Applicability of the Revised AuditReport Formats (including for bank/bank branch audit reports) and Reporting in respect of Memorandum of Changes in Bank Audit Reports As you would be aware, the Institute of Chartered Accountants of India had pursuant to t...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 2485
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Posted Date : 19-Feb-2013 , 04:15:02 pm | Posted By CASANSAAR
The government has again appealed to the bank employees not to join the two-day nationwide strike from tomorrow saying there is "really no reason" for them to go ahead with it. The Government, in a statement today, said that it is disappointed to note that a section of the bank employees have decid...
Continue Reading... Category : General | Comments : 0 | Hits : 290
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Posted Date : 19-Feb-2013 , 01:56:01 pm | Posted By CASANSAAR
The churning in Big 4 consulting firms seems to be continuing. And now KPMG has roped in Ambarish Dasgupta, PwC India’s former national consulting leader and executive director as head of management consulting. According to officials in the country’s consulting circles, a much larger exo...
Continue Reading... Category : General | Comments : 0 | Hits : 816
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Posted Date : 19-Feb-2013 , 08:32:40 am | Posted By CASANSAAR
Various private universities have come under the scanner of the central revenue department for alleged service tax evasion worth several crores. The Directorate General of Central Excise Intelligence and Central Economic Intelligence Bureau have started a discreet probe ...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 384
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Posted Date : 19-Feb-2013 , 08:26:02 am | Posted By CASANSAAR
Ahmedabad-based Incube Ventures Pvt. Ltd.'s newly launched 'Incube Connect Fund' has received the distinction of being the firstsocial venture fund in the country to be accorded registration by SEBI under SEBI (AIF), Regulations, 2012. Having recently received SEBI approval as country's first ...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 372
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Posted Date : 18-Feb-2013 , 07:30:09 pm | Posted By CASANSAAR
The government has been trying to make the tax laws simpler every year; however, there are numerous amendments required in the tax laws. The union budget for the FY 2013-14 will be presented before the Parliament on 28th February 2013 and the finance minister has promised many reforms expected to co...
Continue Reading... Category : Budget | Comments : 0 | Hits : 625
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Posted Date : 18-Feb-2013 , 08:58:01 am | Posted By CASANSAAR
State-run Power Finance Corp (PFC) plans to raise Rs 100 crore through tax-free bonds issue that begins today.The proposed issue is part of its plan to garner Rs 5,000 crore by way of issuing tax-free securities in the current fiscal (2012-13). Out of the total target, Rs 1,110 crore has a...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 438
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Posted Date : 17-Feb-2013 , 08:41:05 am | Posted By CASANSAAR
There may be no banking transaction for two whole days in the country, as "not just the nationalised bank unions including their officers but even some of the private banks except ICICI Bank, have agreed to strike work on February 20 and 21," said CPI leader and AITUC general secretary&nbs...
Continue Reading... Category : Banking | Comments : 0 | Hits : 957
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Posted Date : 17-Feb-2013 , 08:40:19 am | Posted By CASANSAAR
Payments for carrying out tests for the purpose of certification do not amount to Fees for Technical Services (FTS) under the Income-Tax Act, and therefore, not liable to tax in India, according to a recent order by the Income-tax Appellate Tribunal (ITAT) Mumbai, a quasi-judicial bod...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 433
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Posted Date : 16-Feb-2013 , 10:06:24 pm | Posted By CASANSAAR
BoS/Announcement/227/13 February 15, 2013 Sub: Registration of Articled/ Audit Assistants within the stipulated period as specified under Regulation 46/ 69 of the Chartered Accountants Regulations, 1988 reg. It is brought to the notice of those students’ who have completed Ori...
Continue Reading... Category : Students Zone | Comments : 0 | Hits : 959
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Posted Date : 16-Feb-2013 , 08:54:42 am | Posted By CASANSAAR
In what showed the limitation of India's recent retrospective amendments in tax laws concerning indirect transfers abroad of Indian assets, the Andhra Pradesh High Court on Friday ruled that notwithstanding the bolstered law, French drug multinational Sanofi need not pay capital gains tax ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 514
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Posted Date : 15-Feb-2013 , 07:18:38 pm | Posted By CASANSAAR
Petrol price was on Friday hiked by Rs. 1.50 per litre and diesel by 45 paise a litre with effect from midnight on Friday. While petrol rates have been revised in step with the steep rise in international rates, oil firms used the newly accorded freedom to increase diesel price in...
Continue Reading... Category : General | Comments : 0 | Hits : 323
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Posted Date : 15-Feb-2013 , 12:02:46 pm | Posted By CASANSAAR
Mahindra Satyam, a software services provider, said it acquired a majority stake in Brazil's Complex IT, a provider of consultancy on the use of SAP AG's business management software, for an undisclosed sum. Tech Mahindra, Satyam's parent company, is looking to make acquisitions to ad...
Continue Reading... Category : General | Comments : 0 | Hits : 301
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Posted Date : 15-Feb-2013 , 08:47:12 am | Posted By CASANSAAR
Dear All Respected Members, We would like to aware you that there are some fake agencies who mail you the Job Appointment/Offer Letters in the name of some reputed companies and ask for some handsome amount from you (as a refundable security amount). And It will s...
Continue Reading... Category : General | Comments : 1 | Hits : 2281
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Posted Date : 15-Feb-2013 , 08:46:20 am | Posted By CASANSAAR
Sebi on Thursday imposed a total penalty of Rs 30.75 crore on 118 entities, including the promoters of erstwhile Bank of Rajasthan, for alleged manipulative practices in the stock market between 2007-2009. Securities and Exchange Board of India (Sebi) has slapped a fine of Rs 5 crore ...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 871
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Posted Date : 14-Feb-2013 , 08:42:43 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs is taking necessary measures to resolve the temporary difficulties that have arisen in the MCA 21 e-Governance portal of the Ministry. At the same time, in order to alleviate the problems faced by stakeholders, the Ministry of Corporate Affairs has issued a Public C...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 443
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Posted Date : 14-Feb-2013 , 04:35:02 pm | Posted By CASANSAAR
Campus Placement for Fresher Members & Students The Institute is organizing a Campus Placement for the fresher members for job and for students for 15 Months Training on Saturday , the 16th February 2013 at ICSI- NOIDA, C-37,Sector-62,NOIDA from 10:00 am onwards. The ...
Continue Reading... Category : ICSI | Comments : 0 | Hits : 711
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Posted Date : 14-Feb-2013 , 04:23:53 pm | Posted By CASANSAAR
The Institute of Company Secretaries of India (ICSI) has broached the idea of a standardised corporate governance rating model. In a presentation to the capital market regulator, the professional body proposed on Tuesday that it was ready to shoulder the responsibility of creating...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 276
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Posted Date : 14-Feb-2013 , 08:11:06 am | Posted By CASANSAAR
Certain decisions in the now cancelled Rs 100 crore land deal, which caused major embarrassment to Institute of Chartered Accountants of India (ICAI), indicate a clear tilt towards a single vendor. TOI has a copy of the fact finding committee's report, which has an annexure of answers by t...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 604
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Posted Date : 14-Feb-2013 , 08:04:57 am | Posted By CASANSAAR
Fiscal deficit can be partially reduced if the tax authorities succeed in the recovery of tax arrears worth Rs 2,12,449 crore from four defaulters including Hasan Ali Group (Rs 1,65,663 crore), Harshad Mehta Group (Rs 39,740 crore), Ketan Parekh Group (Rs 4,477 crore) and Manoj Punamiya Group (Rs 2,...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 556
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Posted Date : 13-Feb-2013 , 10:11:06 pm | Posted By CASANSAAR
The Supreme Court on Wednesday sought by Thursday the names of officials of CBI, IT department and the Enforcement Directorate for setting up of a team to enquire into the tapped telephonic conversations of corporate lobbyist Niira Radia with others to ascertain element...
Continue Reading... Category : General | Comments : 0 | Hits : 386
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Posted Date : 13-Feb-2013 , 09:43:13 pm | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI) on Wednesday cracked down on Sahara group, freezing more than 100 bank accounts of two of its companies. Sources said that the immovable assets of the two companies were also frozen. The SEBI also attached the assets and properties of S...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 456
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Posted Date : 13-Feb-2013 , 08:28:28 pm | Posted By CASANSAAR
Corporate Affairs Minister Sachin Pilot today said the government is confident of getting the new Companies Bill passed in the Rajya Sabha in the Budget session. "The new Companies Bill will come up in the Rajya Sabha in the Budget session beginning February 21," Pilot said o...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 415
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Posted Date : 13-Feb-2013 , 06:17:37 pm | Posted By CASANSAAR
The government is likely to allocate 200 billion rupees for capital infusion in state-run banks in the next financial year, a finance ministry official with direct knowledge of budget talks told Reuters on Wednesday. The official refused to be named as the information is a&nbs...
Continue Reading... Category : Banking | Comments : 0 | Hits : 161
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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
