-
Posted Date : 23-Apr-2012 , 08:08:30 am | Posted By CASANSAAR
Securities and Exchange Board of India's recent decision mandating companies to present financial results in a new format may force some firms to work overtime or postpone their earnings announcement for the March quarter. On April 16, the capital market regulator proposed change...
Continue Reading... Category : Accounts | Comments : 0 | Hits : 816
-
Posted Date : 23-Apr-2012 , 08:03:43 am | Posted By CASANSAAR
In an attempt to assuage apprehensions of tax payers regarding the proposed general anti-avoidance rules (GAAR), the government will put in place a threshold to ensure that tax payers and foreign investors don’t attract the GAAR provisions. In fact, foreign institutional investors (FIIs) will ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 301
-
Posted Date : 22-Apr-2012 , 09:52:13 pm | Posted By CASANSAAR
Petrol pump dealers have deferred a nationwide strike from Monday after Oil Minister S Jaipal Reddy has agreed to consider their demands that include levying charges for providing facilities such as air pressure checking, drinking water and toilets, dealers Federation said. The Federation of All In...
Continue Reading... Category : General | Comments : 0 | Hits : 316
-
Posted Date : 22-Apr-2012 , 09:06:10 am | Posted By CASANSAAR
The Reserve Bank has made it mandatory for all banks to print the MICR and IFSE code on the passbook and statement of account of the customers."Currently, the MICR code is available on the cheque leaf along with the IFSC code of the branch. On a review it has been decided that information shoul...
Continue Reading... Category : Banking | Comments : 0 | Hits : 451
-
Posted Date : 22-Apr-2012 , 09:03:28 am | Posted By CASANSAAR
Planning Commission Deputy Chairman Montek Singh Ahluwalia today said tea would be declared as national drink by April next year. "The drink would be accorded national drink status by April 17 next year to coincide with the 212th birth anniversary of first Assamese tea planter and Sepoy Mutiny le...
Continue Reading... Category : General | Comments : 0 | Hits : 428
-
Posted Date : 21-Apr-2012 , 03:52:11 pm | Posted By CASANSAAR
Citing its non-proliferation record, India told the UN Security Council that given its ability and willingness to promote global non-proliferation objectives, its membership of the four nuclear export control regimes should be "the next logical step." India's Permanent Representative to the...
Continue Reading... Category : General | Comments : 0 | Hits : 284
-
Posted Date : 21-Apr-2012 , 08:54:17 am | Posted By CASANSAAR
The Mumbai bench of the income tax appellate tribunal (ITAT) has passed an order in the case of one Piyush Mehta versus Asst Commissioner Income Tax in which it has been held that provisions of Section 40 (a) (ia) are retrospective in nature, according to an amendment made by the Finance Act 2010. ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 577
-
Posted Date : 20-Apr-2012 , 08:34:42 pm | Posted By CASANSAAR
In a move to help the ailing aviation sector of its immediate financing concerns, the Government has allowed aviation sector to raise one billion dollars to manage its working capital through External Commercial Borrowing, ECB route.However, the limit for individual companies has been fixed at 300 m...
Continue Reading... Category : General | Comments : 0 | Hits : 288
-
Posted Date : 20-Apr-2012 , 03:51:29 pm | Posted By CASANSAAR
The Centre has reconstituted the National Advisory Committee on Accounting Standards (NACAS). The panel advises on accounting standards and policies to be followed by corporates. The Corporate Affairs Ministry has now said that Mr M.M. Chitale, a Chartered Accountant, will be the Chairman of NACAS...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 348
-
Posted Date : 20-Apr-2012 , 01:46:06 pm | Posted By CASANSAAR
The government has approved 22 Foreign Direct Investment, FDI, Proposals amounting to over 586 Crore rupees. The proposals have been approved on the recommendations of Foreign Investment Promotion Board. According to an official release issued in New Delhi today, these include proposals from El...
Continue Reading... Category : Finance | Comments : 0 | Hits : 264
-
Posted Date : 20-Apr-2012 , 08:09:12 am | Posted By CASANSAAR
Avoid using your permanent account number (PAN) to book railway tickets under the tatkal scheme, as it can be misused to carry out benami transactions. The Indian Railways accepts the PAN card as indentity proof to book tickets under the scheme, but anybody can access the details as they ar...
Continue Reading... Category : Income Tax | Comments : 1 | Hits : 2088
-
Posted Date : 20-Apr-2012 , 08:06:04 am | Posted By CASANSAAR
A group of CEOs has told Prime Minister Manmohan Singh that retrospective changes in tax laws proposed in the Budget have seriously damaged the country's credibility as an investment destination. The CEOs, led by Godrej Group chairman Adi Godrej, communicated industry captains' concerns to Singh...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 268
-
Posted Date : 20-Apr-2012 , 08:02:01 am | Posted By CASANSAAR
Teachers in Dakshina Kannada government primary schools who used to spend hours auditing school expenses need not worry any more as Sarva Shiksha Abhiyan (SSA) has outsourced accounts work.As many as 20 account assistants will be visiting schools and accounts work.Dakshina Kannada district has 932 g...
Continue Reading... Category : Accounts | Comments : 0 | Hits : 1181
-
Posted Date : 20-Apr-2012 , 04:28:25 am | Posted By CASANSAAR
India will rebuff any move by Vodafone Plc to mutually settle their multi-billion-dollar tax dispute and is intent on pursuing its claim on the company, despite growing international pressure and repeated statements by the UK-headquartered telco that it is willing to amicably resolve...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 328
-
Posted Date : 19-Apr-2012 , 08:41:33 pm | Posted By CASANSAAR
Country's largest private bank - ICICI Bank - and the second largest state run bank- Punjab National Bank - lowered their lending and deposit rates taking a cue from the cut in policy rate by the Reserve Bank of India (RBI). The reduction in lending rate or base rate - the minimum rate at which...
Continue Reading... Category : Banking | Comments : 0 | Hits : 347
-
Posted Date : 19-Apr-2012 , 08:31:10 pm | Posted By CASANSAAR
The rapid growth of the Aviation sector in India has generated demand for additional finance for working capital and capacity expansion. High operating costs, particularly on account of high fuel costs, have put additional stress on the Airline Industry. In order to alleviate the immediate fina...
Continue Reading... Category : Finance | Comments : 0 | Hits : 235
-
Posted Date : 19-Apr-2012 , 02:47:18 pm | Posted By CASANSAAR
India will implement the direct tax code (DTC) from April 1, 2013, Finance Secretary R.S. Gujral told a television channel. The code, which will replace existing Indian Income Tax Act 1961, intends to cut tax rates to bring more people and companies under the tax net, phase out profit-linked exempt...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 769
-
Posted Date : 19-Apr-2012 , 02:45:43 pm | Posted By CASANSAAR
After deferring approvals to several companies with foreign direct investment looking to convert to limited liability partnerships, FIPB has asked the Ministry of Corporate Affairs (MCA) and theDepartment of Industrial Policy and Promotion to clarify their stance and if needed amend t...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 394
-
Posted Date : 19-Apr-2012 , 01:22:01 pm | Posted By CASANSAAR
India today conducted a successful test-fire of its indigenously developed nuclear capable "Agni-V" ballistic missile with a strike range of over 5,000 km from a test range off Odisha coast. Chief of Defence Research and Development Organisation (DRDO), V K Saraswat said, the mission was successful....
Continue Reading... Category : General | Comments : 0 | Hits : 327
-
Posted Date : 19-Apr-2012 , 07:26:29 am | Posted By CASANSAAR
You can open a zero-balance savings bank account anywhere in the country now, as the Reserve Bank of India (RBI) has mandated banks to offer a ‘basic savings bank deposit account’ with some minimum common facilities and not prescribe a minimum balance.Simply put, the basic banking curren...
Continue Reading... Category : Banking | Comments : 0 | Hits : 1409
-
Posted Date : 18-Apr-2012 , 10:12:29 pm | Posted By CASANSAAR
States have asked the Centre to call all-party meeting to build consensus on the passage of the Constitution Amendment Bill for rollout of Goods and Services Tax (GST) which is pending in Parliament. "Yesterday, I suggested to Union Finance Minister [Pranab Mukherjee] to call all pa...
Continue Reading... Category : GST | Comments : 0 | Hits : 379
-
Posted Date : 18-Apr-2012 , 04:39:35 pm | Posted By CASANSAAR
The Reserve Bank of India's governor, Duvvuri Subbarao, said on Wednesday the probability of raising interest rates is small but did not rule it out due to upside risks to inflation. "I want to reiterate once again that the probability of hiking rates is not zero but it is small, just as ...
Continue Reading... Category : Banking | Comments : 0 | Hits : 307
-
Posted Date : 18-Apr-2012 , 02:12:15 pm | Posted By CASANSAAR
The Reserve Bank of India has asked banks to install a robust mechanism to identify stressed accounts and promptly restructure viable cases to preserve the economic value. The central bank has also mandated banks to have a proper system-generated segment-wise data on their NPA account...
Continue Reading... Category : Banking | Comments : 0 | Hits : 521
-
Posted Date : 18-Apr-2012 , 11:26:14 am | Posted By CASANSAAR
Offering a fig leaf to the agitating states, the Centre has offered to review the compensation formula for the central sales tax, brightening prospects for the key indirect tax reform--goods and service tax. "We discussed the entire GST in detail, including the CST compensation....Uni...
Continue Reading... Category : GST | Comments : 0 | Hits : 422
-
Posted Date : 18-Apr-2012 , 08:57:36 am | Posted By CASANSAAR
The finance ministry issued tax refunds of Rs 98,000 crore (Rs 980 billion) in 2011-12, as against Rs 74,000 crore (Rs 740 billion) in the previous year, as about half the country's taxpayers filed their returns online. Higher online filing of returns that is expected in the ongoing financial y...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 389
-
Posted Date : 17-Apr-2012 , 10:42:12 pm | Posted By CASANSAAR
Vodafone has served on the Government of India a notice of dispute under the India-Netherlands investment treaty, in the latest escalation of the controversy over proposals in the Finance Bill, 2012. The move enables Vodafone commence international arbitration proceedings should the yet-to-be-enact...
Continue Reading... Category : International Business | Comments : 0 | Hits : 482
-
Posted Date : 17-Apr-2012 , 10:37:23 pm | Posted By CASANSAAR
Providing relief to home loan borrowers, the Reserve Bank on Tuesday asked banks not to levy any penalty on pre-payment of loans taken on floating rate."Though many banks have, in the recent past, voluntarily abolished the pre-payment penalties on their floating rate home loans, there is a need for ...
Continue Reading... Category : Banking | Comments : 0 | Hits : 418
-
Posted Date : 17-Apr-2012 , 10:35:20 pm | Posted By CASANSAAR
Union Corporate affairs Minister Dr. M. Veerappa Moily today held a meeting here in New Delhi with the representatives of leading trade & business chambers, professional institutes under the Ministry of Corporate Affairs, SEBI and RBI to workout the modalities of implementation of conclusions em...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 403
-
Posted Date : 17-Apr-2012 , 03:45:06 pm | Posted By CASANSAAR
Examination Department of the Institute would like to avail the services of the members of the Institute (upto 15 years of Experience) to act as Checker, other details are as under: The Examination Department of the Institute avails the services of resource persons (members of&...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 951
-
Posted Date : 17-Apr-2012 , 11:40:48 am | Posted By CASANSAAR
India's central bank cut interest rates on Tuesday for the first time in three years by an unexpectedly sharp 50 basis points to give a boost to flagging economic growth but warned that there is limited scope for further rate cuts. The Reserve Bank of India cut its policy repo rate to 8.00 percen...
Continue Reading... Category : RBI | Comments : 0 | Hits : 490
- 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
