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Posted Date : 28-Sep-2012 , 03:44:32 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 of SECRETARY,TECHNICAL DIRECTORand&n...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 548
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Posted Date : 28-Sep-2012 , 03:34:10 pm | Posted By CASANSAAR
Sahara Group on Friday assured the Supreme Court that its two companies which had raised Rs 24,000 crore through Optionally Fully Convertible Debentures (OFCDs) from their investors will refund the amount within three months. “We will refund the amount. There is no question of going b...
Continue Reading... Category : General | Comments : 0 | Hits : 317
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Posted Date : 28-Sep-2012 , 08:18:57 am | Posted By CASANSAAR
Finance Minister P Chidambaram is likely to review the entire appeal-filing mechanism of the Income Tax department in view of concerns expressed by the Supreme Court recently over delays in revenue cases. The Minister may review the mechanism in the middle of next ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 260
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Posted Date : 28-Sep-2012 , 08:14:49 am | Posted By CASANSAAR
The Reserve Bank today extended the interest rate ceiling on export credit with overseas banks to six months. "It has been decided that the interest rate ceiling on lines of credit with overseas banks will continue to be six months Libor/Euro Libor/Euribor plus 250...
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Posted Date : 28-Sep-2012 , 08:11:39 am | Posted By CASANSAAR
PAN numbers are supposed to be like fingerprints. No two people can have the same one. Well, the Income Tax department seems have made an exception. The I-T department issued the same Permanent Account Number (PAN) to two different persons with the same name. The aggr...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 842
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Posted Date : 28-Sep-2012 , 08:08:32 am | Posted By CASANSAAR
The notification, levying service tax on high-end railway passenger fares, cargo and auxiliary services from October 1 just might leave passengers in the lurch in case they prefer to cancel their tickets as it would not be the job of the railways to refund the levied tax. The service tax on...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 452
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Posted Date : 28-Sep-2012 , 08:07:32 am | Posted By CASANSAAR
The Income Tax department has sought the dismissal of a plea filed by tea producer McLeod Russelagainst state's powers to tax transactions retrospectively.The department maintains that the state has powers to tax with retrospective effect and the amendments introduced in the Finance B...
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Posted Date : 27-Sep-2012 , 04:37:43 pm | Posted By CASANSAAR
Former Indian cricketer Sandeep Patil was on Thursday appointed the Chairman of the national selection committee, whileMohinder Amarnath was sacked after serving just one year in the panel. The 56-year-old Patil's appointment to the hot seat, replacing Kris Srikkanth, came as a ...
Continue Reading... Category : General | Comments : 0 | Hits : 280
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Posted Date : 27-Sep-2012 , 08:22:05 am | Posted By CASANSAAR
Examination Department of the Institute would like to avail the services ofthe members of the Institute (upto 15 years of Experience) to act as Checker fortotaling etc. of marks awarded by examiner, other details are as under: The Examination Department of the Institute avails the services ...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 1410
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Posted Date : 27-Sep-2012 , 08:06:11 am | Posted By CASANSAAR
Service tax will be levied on high-end passenger classes, freight and auxiliary services rendered at railway stations from October 1. The decision was taken on Wednesday at a meeting between Railway Minister C.P. Joshi and Finance Minister P. Chidambaram. Fares of air-conditioned c...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 439
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Posted Date : 27-Sep-2012 , 08:01:43 am | Posted By CASANSAAR
British telecom company Vodafone never said that it was ready to resolve its tax dispute with theIndian government if the interest and penalty on the tax liability is waived, a person close to the company said."Vodafone has never expressed a willingness to settle the t...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 369
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Posted Date : 26-Sep-2012 , 09:54:40 pm | Posted By CASANSAAR
India has made it mandatory for all foreigners to furnish a tax residency certificate of their home country to claim benefits under the double taxation avoidance agreement. This will make the process of claiming tax credit easier for foreigners by removing the arbitrariness in the earlier regim...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 385
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Posted Date : 26-Sep-2012 , 09:37:46 pm | Posted By CASANSAAR
Market regulator Sebi on Tuesday approached the Supreme Court accusing the Sahara Group of not complying with its order to furnish documents about its two companies which were directed to refund around Rs 24,000 crore to their investors.Sebi filed an application alleging that the...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 352
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Posted Date : 26-Sep-2012 , 09:35:36 pm | Posted By CASANSAAR
The Reserve Bank of India today said non-residents, including NRIs, can make investment in an Indian company at the face value of shares or debentures subject to compliance with FDI scheme."It has been decided that in cases where non-residents (including NRIs) make investment in an Indian company in...
Continue Reading... Category : RBI | Comments : 0 | Hits : 319
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Posted Date : 26-Sep-2012 , 09:27:02 pm | Posted By CASANSAAR
Market regulator Sebi today notified wide-ranging reforms for mutual fund sector, which would provide incentives to fund houses for expanding to small cities but might result in additional costs for investors. The changes, which would come into effect from next month, would require fund houses to m...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 192
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MCA 21 Second Cycle to Benefit all the Companies and LLPS Registered in India . Dr. M.Veerappa MoilyPosted Date : 26-Sep-2012 , 09:24:09 pm | Posted By CASANSAAR
The MCA21 is considered as one of the most successful mission mode project (MMP) having implemented many innovations viz. internet payments, credit card payment, electronic issuance of stamp paper (e-stamp), use of adobe e-forms, end-to-end electronic work flow and digital signature (DSC) based elec...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 299
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Posted Date : 26-Sep-2012 , 03:33:26 pm | Posted By CASANSAAR
Yahoo! today said Ken Goldman will join the company as chief financial officer (CFO) with effect from October 22, as recently appointed chief Marissa Mayer tries to turn around the Internet company. In this role, he will be responsible for the company's global finance functions, including f...
Continue Reading... Category : International Business | Comments : 0 | Hits : 267
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Posted Date : 26-Sep-2012 , 08:19:19 am | Posted By CASANSAAR
Enforcement Directorate has attached properties owned by Emaar MGF, the builder of Commonwealth Games Village in Delhi and several projects in Hyderabad, for alleged violation of Prevention of Money Laundering Act. The attachment concerns the company's properties in Kalkaj...
Continue Reading... Category : Finance | Comments : 0 | Hits : 463
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Posted Date : 26-Sep-2012 , 08:16:12 am | Posted By CASANSAAR
To improve corporate governance in state-owned companies, the Department of Public Enterprises (DPE) is proposing norms for independent directors that will define their roles and responsibilities.At present, there are no such guidelines for non-official directors who are being appointed on boards of...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 301
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Posted Date : 26-Sep-2012 , 08:14:35 am | Posted By CASANSAAR
Market regulator Sebi today asked the banks, authorised to accept ASBA forms wherein bid amount for public offer shares remain in investors' accounts till allotment, at all their branches by the end of 2012. Sebi (Securities and Exchange Board of India) introduced ...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 263
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Posted Date : 26-Sep-2012 , 08:10:46 am | Posted By CASANSAAR
The investigation arm of the ministry of corporate affairs (MCA), the Serious Fraud Investigation Office (SFIO), has found that Reebok India’s sacked managing director Subhinder Singh Prem and former chief operating officer (COO) Vishnu Bhagat had “fudged and fabricated” accounts o...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 329
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Posted Date : 25-Sep-2012 , 07:46:10 pm | Posted By CASANSAAR
To promote cashless transactions, theFinance Ministry has asked public sector banks to take steps to reduce the fee to zero for electronic transfer of funds up to Rs one lakh. Currently, most banks charge a maximum fee of Rs 5 per transfer of funds up to Rs 1 lakh from one a...
Continue Reading... Category : Banking | Comments : 0 | Hits : 375
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Posted Date : 25-Sep-2012 , 08:23:54 am | Posted By CASANSAAR
Market regulator Sebi on Monday imposed a penalty of Rs 6 lakh on Dilip S Mehta, owner of a chartered accountancy firm, for failing to respond to summons issued by it in relation to a probe into the affairs of erstwhile Bank of Rajasthan. The matter pertains to alleged irregularities commit...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 796
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Posted Date : 25-Sep-2012 , 08:19:53 am | Posted By CASANSAAR
Are political parties required to reveal the source of their funding under the Right to Information Act? While the CPI agreed to disclose its funding to an NGO, other parties have flatly refused to do so. Association for Democratic Rights (ADR), sought the information under RTI, claiming that...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 393
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Posted Date : 25-Sep-2012 , 08:13:29 am | Posted By CASANSAAR
The excise and taxation department has so far failed to clear thousands of VAT refund cases prompting the industry in Ludhiana to call a meeting on October 1. Industrialists have also called the excise and taxation commissioner A Venuprasad for the meeting to find reasons for the delay and to urge t...
Continue Reading... Category : Excise | Comments : 0 | Hits : 329
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Posted Date : 25-Sep-2012 , 08:11:32 am | Posted By CASANSAAR
From 2012-2013 onwards, companies may have to file their income-tax return as per the standards laid down by the Central Board of Direct Taxes (CBDT). The new standards will reduce the discretion which is currently available with the taxpayers under the standards prescribed by the Institute of Chart...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 507
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Posted Date : 24-Sep-2012 , 08:57:16 pm | Posted By CASANSAAR
The Union Cabinet today approved a 7 per cent hike in the Dearness Allowance, DA, for central government employees. In its meeting chaired by Prime Minister Dr Manmohan Singh in New Delhi, the cabinet give its nod to hike in DA. The approval will benefit 80 lakh central government employees and pens...
Continue Reading... Category : General | Comments : 0 | Hits : 284
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Posted Date : 24-Sep-2012 , 08:56:25 pm | Posted By CASANSAAR
The Cabinet Committee on Economic Affairs approved continuation of MCA21 Project for its second cycle from January, 2013 to July, 2021 as a Non-Plan Scheme at a total project outlay of Rs.357.81 crore including an outlay of Rs.54.42 crore for independent project management and certification over eig...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 307
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Posted Date : 24-Sep-2012 , 08:44:29 am | Posted By CASANSAAR
Now receive SMS / email alerts on the go from CASANSAAR.COM. This free subscription will entitle you to faster complete updates. Receive Professional, Tax and Career related updates in your mobile / email inbox and stay ahead in your professional life.Some features CASANSAAR SMS / ema...
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Posted Date : 24-Sep-2012 , 08:34:54 am | Posted By CASANSAAR
Next time you go to an ATM to withdraw cash, don't worry about the banknotes getting sucked back by the machine if not collected immediately, as RBI has asked all banks to immobilise the 'cash retraction facility'. At the same time, customers will have to be extra careful in collecting the ...
Continue Reading... Category : RBI | Comments : 0 | Hits : 522
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- RBI directs payment firms to track high-value, fishy transactions during elections
- NCLT orders insolvency proceedings against Subhash Chandra
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- Payment of MCA fees –electronic mode-regarding
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- Maha expects Rs 15 crore entertainment tax revenue from IPL
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- 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
