-
Posted Date : 22-Oct-2020 , 10:05:02 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) which is investigating suspected irregularities in the delisting of Prabhat Dairy Ltd Tuesday asked the company to deposit Rs.1,292 crore in an escrow account for failing to cooperate with forensic auditors. Sebi is probing whether Prabhat Dairy d...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 419
-
Posted Date : 22-Oct-2020 , 09:46:11 am | Posted By CASANSAAR
The International Financial Services Centres Authority (IFSCA), with an objective to develop the financial products and services in the Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC) has prescribed the regulatory framework for Real Estate Investment Trusts...
Continue Reading... Category : Banking | Comments : 0 | Hits : 287
-
Posted Date : 22-Oct-2020 , 09:36:24 am | Posted By CASANSAAR
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved the Mutual Recognition Agreement between the Institute of Chartered Accounts of India (ICAI) and the Malaysian Institute of Certified Public Accountants (MICPA) to enable appropriately qualified CA (Chartered ...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 387
-
Posted Date : 21-Oct-2020 , 10:11:36 am | Posted By CASANSAAR
Income tax surveys to collect information for scrutiny assessment will be undertaken by the tax deducted at source (TDS) directorate only after approval from principal chief commissioner or chief commissioner level officer, the Central Board of Direct Taxes (CBDT) has said. The CBDT has issued direc...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 475
-
Posted Date : 20-Oct-2020 , 08:53:42 am | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) on Monday reiterated tolerance range of 1-3% under transfer pricing rules for the current financial year even though experts said it was expected that the tax department would provide concession given the Covid-19 pandemic. India’s transfer pricing r...
Continue Reading... Category : CBDT | Comments : 0 | Hits : 382
-
Posted Date : 20-Oct-2020 , 08:46:34 am | Posted By CASANSAAR
The Reserve Bank of India has said that there is no violation of any law of the nation in bringing the cooperative banks under its supervisory control. In an affidavit filed in the Madras High Court today, the RBI has said, the recent legislation enacted in Parliament is aimed at regulating banki...
Continue Reading... Category : RBI | Comments : 0 | Hits : 313
-
Posted Date : 19-Oct-2020 , 09:51:57 am | Posted By CASANSAAR
How many Tax Audit have you completed so far ? Plz participate in the online poll on Twitter. Here is the link for the same https://twitter.com/casansaar/status/1318043967749935105 #extendduedates #ExtendDueDate ...
Continue Reading... Category : Tax Audit | Comments : 0 | Hits : 817
-
Posted Date : 17-Oct-2020 , 09:44:06 am | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) has restricted the coercive and intrusive powers of assessing and tax recovery officers with immediate effect. In its circular, the board asked the officers to take coercive and intrusive measures only after exhaustion of other means of recovery. It sai...
Continue Reading... Category : CBDT | Comments : 0 | Hits : 556
-
Posted Date : 16-Oct-2020 , 09:39:40 am | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) on Thursday urged businesses to ensure that their pending tax returns are filed as defaults could prevent them from transporting goods. CBIC said that taxpayers with sales above Rs.five crore in the previous fiscal are advised to ensure that ...
Continue Reading... Category : GST | Comments : 0 | Hits : 1494
-
Posted Date : 16-Oct-2020 , 09:24:40 am | Posted By CASANSAAR
The Income Tax Department has carried out a search and seizure action on 14.10.2020 in the case of a leading advocate practicing in the field of commercial arbitration and alternate dispute resolution. He was suspected to be receiving substantial amounts in cash from his clients, to settle their dis...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 384
-
Posted Date : 15-Oct-2020 , 10:37:30 am | Posted By CASANSAAR
With an objective to protect investors from unreliable stock tips, market regulator Securities and Exchange Board of India (Sebi) on Wednesday advised investors to not rely on unsolicited stock tips that are circulated through bulk SMS, websites and social media platforms. Sebi further advised ma...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 371
-
Posted Date : 15-Oct-2020 , 10:27:56 am | Posted By CASANSAAR
The Ministry of MSME in a major initiative has onboarded latest IT tools of Artificial Intelligence(AI) and Machine Learning (ML) for providing assistance and solutions to the issues of Micro, Small, and Medium Enterprises (MSMEs). Ministry has implemented AI & ML on its robust Single Window Sys...
Continue Reading... Category : MSME | Comments : 0 | Hits : 600
-
Posted Date : 15-Oct-2020 , 10:21:14 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India 14th October, 2020 No. M-626/14/2020Advisory The members are aware that the Council has issued the Website Guidelines in 2001, which have been revised from time to time. The Guidelines, as revised in the 388th Meeting of Council held on 6t...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 415
-
Posted Date : 14-Oct-2020 , 09:39:18 am | Posted By CASANSAAR
The Ministry of Home Affairs (MHA) has asked all NGOs seeking foreign donations to open a designated FCRA account at the State Bank of India’s New Delhi branch by March 31, 2021. The MHA order reiterated that NGOs registered under FCRA shall not receive any foreign donations in any other ba...
Continue Reading... Category : Banking | Comments : 0 | Hits : 1395
-
Posted Date : 14-Oct-2020 , 09:28:57 am | Posted By CASANSAAR
A report has appeared in the Economic Times Markets (ETMarkets.com) which gives the impression that the LTC voucher scheme for Government employees may not be attractive. Unfortunately, the piece which it relies on has a serious factual error in its understanding of how Government LTC works. It is b...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 303
-
Posted Date : 14-Oct-2020 , 09:17:52 am | Posted By CASANSAAR
In continuation to the Announcement dated 15th July, 2020; as also Announcement dated 8th October 2020 made regarding Opt-Out window, another Announcement dated 8th October 2020 regarding SOP guidelines for examinees Centres and Centre Superintendent/ observers; it is hereby notified for general inf...
Continue Reading... Category : Students Zone | Comments : 0 | Hits : 814
-
Posted Date : 13-Oct-2020 , 08:32:11 am | Posted By CASANSAAR
The states' representatives, including those governed by the Opposition parties, faced each other at the Goods and Services Tax (GST) Council meet chaired by Finance Minister Nirmala Sitharaman via video conferencing on October 12 to discuss the GST compensation for state governments for FY21. ...
Continue Reading... Category : GST | Comments : 0 | Hits : 1168
-
Posted Date : 13-Oct-2020 , 08:10:43 am | Posted By CASANSAAR
In a bid to stimulate demand in the economy, the government on Monday announced giving out cash vouchers to central government employees this year in lieu of leave travel concession (LTC) fare which could be spent only on buying non-food GST-rated items. Finance Minister Nirmala Sitharaman said t...
Continue Reading... Category : General | Comments : 0 | Hits : 257
-
Posted Date : 13-Oct-2020 , 08:07:18 am | Posted By CASANSAAR
Finance Minister Nirmala Sitharman on Monday announced a Rs 12,000 crore interest-free 50-year loan to states for spending on capital projects in a bid to boost economy. Addressing a press conference, she said, out of the Rs 12,000 crore, Rs 1,600 crore will be given to north-eastern states and R...
Continue Reading... Category : General | Comments : 0 | Hits : 217
-
Posted Date : 12-Oct-2020 , 09:48:14 am | Posted By CASANSAAR
Finance Minister Nirmala Sitharaman will chair the 43rd GST Council meeting through video conferencing in New Delhi today. The decision on the mode of payment of pending GST compensation share of the states is likely to be discussed in the meeting. The meeting will be attended by Minister of State f...
Continue Reading... Category : GST | Comments : 0 | Hits : 217
-
Posted Date : 12-Oct-2020 , 09:15:37 am | Posted By CASANSAAR
Concerted efforts by the Reserve Bank to move to a non/less-cash economy by pushing digital payments have begun to pay rich dividends as the volume of such payments has jumped manifold in the past five years, the latest data from the central bank showed. Between 2015-16 and 2019-20, digital payme...
Continue Reading... Category : RBI | Comments : 0 | Hits : 188
-
Posted Date : 10-Oct-2020 , 09:48:44 am | Posted By CASANSAAR
Capital markets regulator Sebi on Friday slapped a penalty totalling Rs 1.62 crore on nine entities for indulging in fraudulent trading in the scrip of Sterling Green Woods Ltd. The regulator levied a fine of Rs 18 lakh each on Radhe Krishna Broking, Harshad Panchal, Hemang Shah, Abhishek Soni, Umes...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 466
-
Posted Date : 10-Oct-2020 , 09:44:02 am | Posted By CASANSAAR
Vide notification No. 69/2020 – Central Tax, dated 30.09.2020, the due date for furnishing of the Annual Return for the FY 2018-19 has been extended till 31.10.2020. Certain representations have been received stating that the auto populated GSTR 9 for the year 2018-19 (Tables 4, 5, 6 and 7)...
Continue Reading... Category : GST | Comments : 0 | Hits : 1144
-
Posted Date : 09-Oct-2020 , 11:08:04 am | Posted By CASANSAAR
Reserve Bank of India Governor Shaktikanta Das on Friday announced that Real Time Gross Settlement (RTGS) payment system will be available round the clock from December 2020 to make online fund transfer smooth. Here is all you need to know: 1. RTGS is a safe and secure system for funds transfe...
Continue Reading... Category : RBI | Comments : 0 | Hits : 373
-
Posted Date : 08-Oct-2020 , 09:35:49 am | Posted By CASANSAAR
The central government on Wednesday has appointed M Rajeshwar Rao as deputy governor of the Reserve Bank of India, it said in a notification. He is currently the executive director of RBI. The Appointment Committee of the Union cabinet has approved the appointment, the notification stated. Rao succe...
Continue Reading... Category : RBI | Comments : 0 | Hits : 447
-
Posted Date : 08-Oct-2020 , 09:31:56 am | Posted By CASANSAAR
In pursuance of the exercise to meet liquidity needs of taxpayers during Covid-19 pandemic, the Income Tax Department has fast tracked its tax refund process and processed 35.93 lakh cases amounting to more than Rs 1,21,607 crore up to October 6 in FY21. The Income Tax Department has worked at br...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 399
-
Posted Date : 07-Oct-2020 , 08:49:34 am | Posted By CASANSAAR
Pre-filled tax forms and greater transparency requirements are coming to businesses in 2021, with the Goods and Services Tax (GST) Council clearing key changes to the return filing process on Monday. Monthly GST returns of businesses giving summary of all transactions in the GSTR 3B form will be ...
Continue Reading... Category : GST | Comments : 0 | Hits : 401
-
Posted Date : 07-Oct-2020 , 08:43:34 am | Posted By CASANSAAR
The Enforcement Directorate on Tuesday arrested CFO of Cox & Kings Anil Khandelwal and the company's internal auditor Naresh Jain in connection with the Yes Bank money laundering case. A special court in Delhi remanded the two to seven days of ED custody. "During PMLA investigation i...
Continue Reading... Category : General | Comments : 0 | Hits : 1158
-
Posted Date : 06-Oct-2020 , 09:21:16 am | Posted By CASANSAAR
In a bid to ease GST compliance and return filing for small taxpayers, the GST Council on October 5 allowed them to file GSTR-1 and GSTR-3B once a quarter instead of every month. This had been an earlier proposal of the GST council, which was approved today. “As a further step towards re...
Continue Reading... Category : GST | Comments : 0 | Hits : 516
-
Posted Date : 06-Oct-2020 , 09:07:26 am | Posted By CASANSAAR
The 42nd GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of...
Continue Reading... Category : GST | Comments : 0 | Hits : 725
- 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
