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Posted Date : 23-Jan-2013 , 09:39:08 am | Posted By CASANSAAR
With a view to encouraging exports, Reserve Bank of India, RBI has directed urban co-operative banks to extend interest subvention of 2 per cent for exporters in segments like handicraft, carpets,small and medium enterprises and certain engineering goods, by a year till March 2014. RBI in its n...
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Posted Date : 22-Jan-2013 , 07:00:41 pm | Posted By CASANSAAR
The Directorate General of Central Excise Intelligence (Hqrs.), New Delhi has booked a case of Service Tax evasion against M/s Tops Security Limited, Mumbai. The search operations at 41 offices of the Tops Security Group revealed that the group was raising invoices including Service Tax payable on i...
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Posted Date : 22-Jan-2013 , 02:19:09 pm | Posted By CASANSAAR
The dream of a lifetime materialised for Prema Jayakumar yesterday, when the 24-year-old topped the nation-wide Chartered Accountancy exam in her first attempt. Prema, whose father drives an auto for a living, is now determined to use the milestone as a stepping-stone towards providing her parents w...
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Posted Date : 22-Jan-2013 , 01:50:55 pm | Posted By CASANSAAR
Amidst protest against the 49 percent FDI in multi-brand retail which was passed by the government, the Supreme Court on Tuesday added pressure on the centre by asking how it was going to protect the interest of the small traders. Under the bill, major foreign retail companies such as Wal...
Continue Reading... Category : International Business | Comments : 0 | Hits : 357
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Posted Date : 22-Jan-2013 , 12:53:26 pm | Posted By CASANSAAR
A Delhi court on Tuesday sentenced former Haryana chief minister Om Prakash Chautala to ten years in prison after he, his son Ajay Chautala and 53 others were found guilty of illegally recruiting 3,206 junior basic trained (JBT) teachers in the state in the year 2000. The ...
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Posted Date : 22-Jan-2013 , 09:07:55 am | Posted By CASANSAAR
Market regulator Securities and Exchange Board of India ( Sebi) today said investment advisers who are banks, non-banking financial companies (NBFCs) and corporates will have to segregate investment advisory services from other activities. Sebi, which today notified Inve...
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Posted Date : 22-Jan-2013 , 09:05:41 am | Posted By CASANSAAR
Indian companies in the hotel sector (with a total project cost of Rs 250 crore or more), irrespective of their geographical location, have been allowed to tap the external commercial borrowing (ECB) route. The ECBs will be for repayment of outstanding rupee loan(s) and/or for fre...
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Posted Date : 22-Jan-2013 , 08:49:25 am | Posted By CASANSAAR
CA FINAL The Institute of Chartered Accountants of India (ICAI) announced the results of Chartered Accountants Final Examination held in Nov, 2012 on 21.01.2013. The top three rank holders on all India basis of Chartered Accountants FinalExamination...
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Posted Date : 21-Jan-2013 , 06:00:32 pm | Posted By CASANSAAR
Procedure for providing inspection/certified copies of evaluated answer-books to the concerned examinees A. General: 1. The procedure laid down hereinafter specifically applies to providing inspection and /or certified copies of answer books relating to November 2011 examina...
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Posted Date : 21-Jan-2013 , 05:30:34 pm | Posted By CASANSAAR
The government has hiked the import duty on gold from 4 per cent to 6 per cent with immediate effect. The decision is aimed to rein in spending on gold by around a third to $38 billion in the fiscal year that ends in March. "... given the country's worrying current account deficit, we may be left w...
Continue Reading... Category : Custom | Comments : 0 | Hits : 448
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Posted Date : 21-Jan-2013 , 02:08:52 pm | Posted By CASANSAAR
Taxpayers in the national capital will from now on have to go to Civic Centre instead of Mayur Bhawan for filing returns and other services. The Mayur Bhawan I-T building at Barakhamba road used to serve the salaried, non-corporate and exemptions taxpayers residing in and around Delhi. The office i...
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Posted Date : 21-Jan-2013 , 09:03:30 am | Posted By CASANSAAR
The result of the Chartered Accountants Final Examination held in November, 2012 and CommonProficiency Test (CPT) held in December, 2012 are likely to be declared on Monday, the 21st January,2013 around 2.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55%and ab...
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Posted Date : 21-Jan-2013 , 09:03:05 am | Posted By CASANSAAR
IMPORTANT ANNOUNCEMENT 11th January, 2013 The result of the Information Systems Audit [ISA] Assessment Test held on 22nd December, 2012 is likely to be declared tentatively on 21st January, 2013 around 2.00 PM at the Institute’s office at New Delhi.The result of the above Assess...
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Posted Date : 21-Jan-2013 , 08:59:27 am | Posted By CASANSAAR
Google, mired in tax controversies in different jurisdictions, wants a quick decision on its dispute with Indian tax authorities. Google Ireland has moved theAuthority for Advance Rulings (AAR) to determine the tax liability here. According to the Indian tax department, Googl...
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Posted Date : 21-Jan-2013 , 08:50:06 am | Posted By CASANSAAR
Jewellery and cash were stolen from 40 lockers in a daring break-in at the Punjab and Sind Bank branch on Pathankot road. Robbers broke into the strongroom by cutting through the thick iron gate with a gas cutter and opened the lockers the same way. Notes of 1,000rupee denominati...
Continue Reading... Category : Banking | Comments : 0 | Hits : 426
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Posted Date : 20-Jan-2013 , 01:42:24 pm | Posted By CASANSAAR
The banking system has recently shown signs of moderate rise in instability due to increase in non-performing assets (NPAs), the Reserve Bank has said in a working paper. "The movements in the banking stability indicator...that there are symptoms of a moderate rise in instability of the banking sec...
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Posted Date : 19-Jan-2013 , 10:25:28 pm | Posted By CASANSAAR
In a much awaited decision, the Congress party on Saturday appointed the 42-year-oldRahul Gandhi as its vice president. The Congress Working Committee (CWC), meeting here on the sidelines of the party’s two-day ‘Chintan Shivir’, passed a resolutio...
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Posted Date : 19-Jan-2013 , 08:04:43 pm | Posted By CASANSAAR
President of ICSI for 2013. Vice-President of ICSI for 2013 CS.S N Ananthasubramanian CS.Harish Kumar Vaid CS S. N. Ananthasubramanian has been elected as the PRESIDENT of the Council of the Institute Company S...
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Posted Date : 19-Jan-2013 , 11:35:41 am | Posted By CASANSAAR
You can get 10 CPE hours after sending a self declaration on prescribed format on the following address:- To, The Secretary (CPE Committee) The Institute of Chartered Accountants of India, ICAI Bhawan, Indraprastha Marg New Delhi - 110 002 Last date of sending Self Declaration is 31st. Ma...
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Posted Date : 19-Jan-2013 , 09:01:56 am | Posted By CASANSAAR
The Reserve Bank Friday said personal appearance before the compounding authority in FEMA cases is not mandatory and has no bearing on the penalty imposed. "... Appearing for a personal hearing before the compounding authority is optional and the applicant can choose not to appear for it," RBI said...
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Posted Date : 18-Jan-2013 , 08:04:59 pm | Posted By CASANSAAR
Capital market regulator Securities and Exchange Board of India (Sebi) today made further relaxation to the offer for sale (OFS) route by giving an option to institutional investors to bid without 100 upfront payments. Along with the complete upfront margin, institutions will now be able to...
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Posted Date : 18-Jan-2013 , 04:33:01 pm | Posted By CASANSAAR
Indian shares ended at fresh two-year high with 30-share index, Sensex notching key 20,000 resistance levels on Friday led by overseas inflows into the riskier assets. Risk appetite surged after government partially deregulated diesel prices yesterday followed by upbeat economic...
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Posted Date : 18-Jan-2013 , 02:30:50 pm | Posted By CASANSAAR
Institute of Cost Accountants of India(ICAI) will start a short term one year course to prepare trained skilled persons for online tax filings for income tax, service tax and other taxes. It will start offering the course in Kerala next month and eventually inHimachal Pradesh, Uttar P...
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Posted Date : 18-Jan-2013 , 08:24:07 am | Posted By CASANSAAR
Sebi on Thursday asked listed companies to comply with new norms that bar employee welfare schemes and trusts from purchasing the shares of their own firms from the secondary market, by June 30. The move is aimed at preventing possible manipulation in trading of shares by companies. In Augu...
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Posted Date : 18-Jan-2013 , 08:21:53 am | Posted By CASANSAAR
Revenue and excise intelligence officials have detected Rs 2,600-crore tax and duty evasion in the quarter to December. Data released by the Directorate General of Central Excise Intelligence (DGCEI) and the Directorate General of Revenue Intelligence (DRI), agencies under the finance ministry's rev...
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Posted Date : 18-Jan-2013 , 08:19:25 am | Posted By CASANSAAR
Barely hours after the government permitted oil marketing companies to set diesel prices, the retailers increased the price of the fuel. Oil companies hiked the price of diesel by 45 paise excluding taxes effective today, Indian Oil said in an official statement. The good news -- pet...
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Posted Date : 17-Jan-2013 , 08:16:36 pm | Posted By CASANSAAR
Seeking to remove apprehensions of the software industry, Finance Ministry today clarified that domestic and overseas software developers would continue to get tax benefits under the Income Tax Act. The clarifications, which come ahead of Finance Minister P Chidambaram's visit to Hong Kon...
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Posted Date : 17-Jan-2013 , 08:13:12 pm | Posted By CASANSAAR
ollowing is the text of the Statement made by the Chairperson, CBDT to the media here today: &nbs...
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Posted Date : 17-Jan-2013 , 08:12:27 pm | Posted By CASANSAAR
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.1/2013-CUSTOMS (N.T.), dated the 3rd January, 2013 vide number S.O.37(E), ...
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Posted Date : 17-Jan-2013 , 09:11:21 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) may ask for a compulsory audit of the accounts of important overseas subsidiaries of Indian companies as fears of inflated profits and unreliable accounts grow in the wake of recent corporate scandals. The capital markets regulator may...
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- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
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