-
Posted Date : 21-Mar-2012 , 07:51:55 am | Posted By CASANSAAR
Capital market regulator Sebi has widened the scope of its investigation to probe misuse of fund or price manipulation by some of the companies that came out with IPOs last year. Sebi's integrated surveillance department and investigation department have short-listed 19 companies that were liste...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 593
-
Posted Date : 21-Mar-2012 , 07:49:40 am | Posted By CASANSAAR
The government today said the Income Tax Department will "bother" only those non-resident Indians who have unexplained funds."If any money is found to be of some person and then it comes to our knowledge, then if it is legitimately explained he doesn't have to bother, but if it is unexplained th...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 282
-
Posted Date : 20-Mar-2012 , 09:09:39 pm | Posted By CASANSAAR
Kingfisher Airlines will suspend all international flights, and has submitted a new flight plan to the country's aviation regulator. The airline will operate up to 125 daily local flights with 20 planes.The promoter of the carrier, Vijay Mallya, with other top Kingfisher officials, met t...
Continue Reading... Category : International Business | Comments : 0 | Hits : 284
-
Posted Date : 20-Mar-2012 , 09:04:44 pm | Posted By CASANSAAR
The Supreme Court on Tuesday dismissed the government’s review petition in the Rs 11,000 crore Vodafone tax case.The government had filed a review petition asking the court to reconsider its verdict delivered in January which gave its order in favour of Vodafone and helped improve foreign inve...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 353
-
Posted Date : 20-Mar-2012 , 09:02:38 pm | Posted By CASANSAAR
The insurance companies are mandated to take prior approval from the Insurance Regulatory and Development Authority (IRDA) of the product before launching. As per File and Use Guidelines, the insurance companies are required to launch products after allowing for 60 days for non-life and 30 days...
Continue Reading... Category : Finance | Comments : 0 | Hits : 234
-
Posted Date : 20-Mar-2012 , 08:13:18 am | Posted By CASANSAAR
After forcing the government to secure the resignation of railway minister Dinesh Trivedi, Trinamool Congress chief Mamata Banerjee on Monday persuaded Prime Minister Manmohan Singh to induct Mukul as the new Cabinet minister. Roy will be sworn in at 10 am on Tuesday, hours before the commencemen...
Continue Reading... Category : General | Comments : 0 | Hits : 262
-
Posted Date : 20-Mar-2012 , 08:08:11 am | Posted By CASANSAAR
The Delhi High Court on Friday quashed criminal proceedings against Microsoft India, a fortnight after the company was exempted by a trial court in a similar case for hosting objectionable content online. Microsoft India is the only company, out of the 21 websites, against whom both criminal and...
Continue Reading... Category : International Business | Comments : 0 | Hits : 264
-
Posted Date : 20-Mar-2012 , 07:42:54 am | Posted By CASANSAAR
The Supreme Court will hear the Centre's plea for review of the Vodafone judgment on Tuesday at a time when the UPA government has proposed to amend the Income Tax Act to levy capital gains tax on domestic asset acquisition through merger and acquisition deals involving overseas companies....
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 238
-
Posted Date : 19-Mar-2012 , 10:07:09 pm | Posted By CASANSAAR
"Do not start consuming sleeping pills," this was the advice of former finance minister Jaswant Singh to the present incumbent in the finance ministry on the issue fiscal deficit. Making a brief remark before the Prime Minister's reply in the Lok Sabha to the Motion of ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 228
-
Posted Date : 19-Mar-2012 , 10:04:50 pm | Posted By CASANSAAR
The Government proposes to set up National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT). Provisions have been incorporated in the Companies Bill, 2011 which has been introduced in the Lok Sabha on 14.12.2011. The establishment of NCLT and NCLAT as specialized ...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 503
-
Posted Date : 19-Mar-2012 , 10:03:58 pm | Posted By CASANSAAR
Keeping in view the consultation held with various stakeholders on certain issues including tax related issues, it was decided to implement convergence of Indian Accounting Standards with International Financial Reporting Standards (IFRS) in a phased manner to ease the process for all the stakeholde...
Continue Reading... Category : Accounts | Comments : 0 | Hits : 1344
-
Posted Date : 19-Mar-2012 , 03:51:55 pm | Posted By CASANSAAR
Under the competition advocacy initiatives, the Competition Commission of India has been organizing meetings, seminars, workshops etc. with the various stake holders to spread awareness about the Competition Law and the Commission. As part of this initiative CCI organized a workshop on the topi...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 309
-
Posted Date : 19-Mar-2012 , 08:30:07 am | Posted By CASANSAAR
Oil companies are considering an increase — a substantial one at that — in the prices of automobile and cooking fuels as early as next week after the budget session goes into a break on March 30. It will be another piece of bad news for consumers hit by costlier products and services fol...
Continue Reading... Category : General | Comments : 0 | Hits : 515
-
Posted Date : 19-Mar-2012 , 08:22:06 am | Posted By CASANSAAR
In a step that will bring in transparency and help curb black money in the poll process, the Election Commission has given its nod to new auditing and accounting norms for political parties in the country. The norms and guidelines, prepared by the Institute of Chartered Accountants of India (ICAI),...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 377
-
Posted Date : 19-Mar-2012 , 08:19:58 am | Posted By CASANSAAR
Service tax exemption on advertising on media platforms, excluding TV and radio, could result in availability of up to Rs 1,500 crore more to advertisers for spending on campaigns, according to industry experts."Given that marketing budgets of companies always take into account the service tax ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 259
-
Posted Date : 19-Mar-2012 , 08:17:07 am | Posted By CASANSAAR
Finance Minister Pranab Mukherjee today expressed hope that the direct tax regime would become effective from 2013-14. Responding to a query in a post-budget interaction with industry leaders, he said the DTC legislation would be in place in 2012-13, but "effect would be from the next year ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 209
-
Posted Date : 17-Mar-2012 , 10:22:32 pm | Posted By CASANSAAR
Railway Minister Dinesh Trivedi says, he will not resign unless given in writing by Mamata Banerjee. He said he has a Constitutional duty to pilot the Railway Budget he had presented in Parliament. He said, there will be a discussion on Monday and he has to answer the discussion on railway budget.Tr...
Continue Reading... Category : General | Comments : 0 | Hits : 483
-
Posted Date : 17-Mar-2012 , 10:20:52 pm | Posted By CASANSAAR
The government today maintained it has not come out with any kind of Voluntary Disclosure of Income Scheme (VDIS) by proposing changes in the Income Tax Act, which experts believe are some sort of concessions to tap black money. "There is no intention of government to give any sop in form ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 287
-
Posted Date : 17-Mar-2012 , 10:18:21 pm | Posted By CASANSAAR
As per the budget proposal, metered taxis, entry to amusement facilities, second-class rail travel, and betting, gambling and lottery will not attract the 12 per cent Service Tax. The negative list of services, on which the increased Service Tax of 12 per cent will not be levied, include a...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 409
-
Posted Date : 17-Mar-2012 , 10:04:49 am | Posted By CASANSAAR
Jewellers across the country will stay closed for three days from Saturday, to protest against the hike in excise duty on gold announced by union finance minister Pranab Mukherjee. The more than 5000 jewellers in Gujarat, including around 1,000 in Ahmedabad, will stay closed along with nearly 5 lakh...
Continue Reading... Category : Budget | Comments : 0 | Hits : 723
-
Posted Date : 16-Mar-2012 , 06:59:03 pm | Posted By CASANSAAR
In a measure that will have far- reaching impact on foreign investment and the Vodafone case having a tax implication of Rs 11,000 crore, the government today proposed amendment in the Income Tax Act retrospectively from April 1, 1962. Under the proposed amendment, all persons, whether resident ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 587
-
Posted Date : 16-Mar-2012 , 06:28:28 pm | Posted By CASANSAAR
Budget at a Glance [EXCEL] Receipts [EXCEL] Expenditure [EXCEL] Central Plan Outlay [EXCEL] Central Plan Outlay by Sectors...
Continue Reading... Category : Budget | Comments : 0 | Hits : 2055
-
Posted Date : 16-Mar-2012 , 06:21:11 pm | Posted By CASANSAAR
To check the menace of black money, the government on Friday proposed a slew of measures, including I-T return assessment up to 16 years with regard to assets held abroad and tax deduction at source (TDS) on transfer of immovable property and gold purchase. "I propose a series of measures to deter ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1166
-
Posted Date : 16-Mar-2012 , 05:42:09 pm | Posted By CASANSAAR
Indian cricket icon Sachin Tendulkar, treated like God by his fans, ended the long and tiring wait for his 100th international century on Friday at Dhaka's Shere Bangla National Stadium. Tendulkar, the leading run scorer in the history of both Test and one-day cricket, achieved the mo...
Continue Reading... Category : General | Comments : 0 | Hits : 330
-
Posted Date : 16-Mar-2012 , 03:24:00 pm | Posted By CASANSAAR
As a measure of harmonization between Central Excise and Service Tax, the Government has made a number of alignments. This was announced by the Finance Minister ShriPranab Mukherjee while presenting the Union Budget 2012-13 in LokSabha today. These include a common simplified registration ...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 874
-
Posted Date : 16-Mar-2012 , 03:18:01 pm | Posted By CASANSAAR
Presenting the General Budget for 2012-13 in LokSabha today, the Union Finance Minister ShriPranab Mukherjee has announced various rationalization measures like - Excise duty rationalized for packaged cement, whether manufactured by mini-cement plants or others. - Levy of excise duty of 1 ...
Continue Reading... Category : General | Comments : 0 | Hits : 525
-
Posted Date : 16-Mar-2012 , 03:16:23 pm | Posted By CASANSAAR
In the General Budget 2012-13 presented by the Union Finance Minister ShriPranab Mukherjee in LokSabha here today, it has been proposed to provide weighted deduction for expenditure in several sectors with the objective of promoting investment and facilitating growth.  ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 479
-
Posted Date : 16-Mar-2012 , 03:14:20 pm | Posted By CASANSAAR
In the General Budget 2012-13presented by theUnion Finance Minister ShriPranab Mukherjeein LokSabha here today, it has been proposed to reduce the Securities Transaction Tax (STT) on cash delivery transactions by 20 per cent, from 0.125 per cent to 0.1 per cent, in orde...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 429
-
Posted Date : 16-Mar-2012 , 03:12:31 pm | Posted By CASANSAAR
A new scheme called Rajiv Gandhi Equity Savings scheme is proposed in the Union Budget 2012-13 to encourage flow of saving in financial instruments and improve the depths of domestic capital market. The Union Finance Minister ShriPranab Mukherjee in his Budget speech in LokSabha today said that...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 559
-
Posted Date : 16-Mar-2012 , 03:01:09 pm | Posted By CASANSAAR
Health Care, Services Provided by Charities, Religious Persons, Independent Journalists, Sportspersons Among Others also Exempted from Service Tax In his Budget Speech, the Union Finance Minister ShriPranab Mukherjee said that the Government has proposed to tax all services except those i...
Continue Reading... Category : Service Tax | Comments : 1 | Hits : 1589
- 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
