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Posted Date : 12-Mar-2012 , 09:31:55 pm | Posted By CASANSAAR
The government is confident that it will soon steer the country back to the high growth trajectory of eight to nine percent. Addressing joint Session of Parliament, the President Mrs. Pratibha Devisingh Patil said that the country's economy grew at a handsome rate of 8.4 percent in 2010-11, but it h...
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Posted Date : 12-Mar-2012 , 09:30:29 pm | Posted By CASANSAAR
The Parliamentary Affairs Minister Pawan Kumar Bansal has said that the government is committed to pass an effective and powerful Lokpal Bill to curb corruption in the society. Replying to questions at a press conference in New Delhi today, Mr Bansal said, the government wants to pass the Bill durin...
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Posted Date : 12-Mar-2012 , 10:57:39 am | Posted By CASANSAAR
The second annual award function of casansaar duly held on 11th of March, 2012 at the Instittute of Engineering was really successful. The honorable chief guest of the ceremony was CA Ved Jain ji. The function was hosted by CA Lavina Bajaj. CA Vivek Khurana founder and CEO of casansaar.co...
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Posted Date : 12-Mar-2012 , 09:29:05 am | Posted By CASANSAAR
Serious violations of accounting principles as well as major financial irregularities have been detected in several entities of PricewaterouseCoopers India (PwC India), which would seem to indicate that the company has been wrongfully dressing up its own books and those of its network audit firms in...
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Posted Date : 12-Mar-2012 , 08:56:43 am | Posted By CASANSAAR
The Budget session of Parliament begins today. It will commence with President Pratibha Devisingh Patil's customary address to the joint sitting of the Lok Sabha and the Rajya Sabha.The first part of the session will conclude on the 30th of this month and the second phase will start from the 24th of...
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Posted Date : 12-Mar-2012 , 08:53:01 am | Posted By CASANSAAR
Finance Minister Pranab Mukherjee asked Public Sector Banks, PSBs to improve customer service to stay relevant in the competitive financial market. Mr. Mukherjee said this while addressing at the golden jubille celebration of State Bank Staff College in Gurgaon. He said that banking is predominately...
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Posted Date : 12-Mar-2012 , 08:52:13 am | Posted By CASANSAAR
Foreign direct investment, FDI, in India went up by 31 per cent to 27.5 billion US Dollars last year, notwithstanding uncertain economic environment globally. FDI inflows in 2010 totalled USD 21 billion. According to the Industry Ministry's latest data, the sectors that attracted maximum FDI la...
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Posted Date : 10-Mar-2012 , 08:05:47 am | Posted By CASANSAAR
The Reserve Bank of India cut the cash reserve ratio, the share of deposits that banks must hold with it, by 75 basis points to 4.75 percent after the close of local markets. The sharp and accelerated CRR cut upset conventional market wisdom that the RBI's mid-quarter policy review scheduled for Ma...
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Posted Date : 10-Mar-2012 , 07:59:50 am | Posted By CASANSAAR
Indirect tax revenue collections during the month of February, 2012 rose to Rs. 31,469 Crore, an increase of 9.6 percent over the corresponding period of last financial year. Overall indirect tax collections during the period April, 2011 to February, 2012 rose to Rs 3,48,702 Crore. Last year the ind...
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Posted Date : 10-Mar-2012 , 07:58:41 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has extended the time for filing form DIN-4 by DIN holders for furnishing PAN and to update PAN details upto 30.04.2012 for the Allotment of Director’s Identification Number (DIN) under Companies Act, 1956. Earlier this date was extended on 15/12/2011. Al...
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Posted Date : 09-Mar-2012 , 12:49:43 pm | Posted By CASANSAAR
Rahul Dravid, Test cricket’s most successful number three batsman, announced his retirement on Friday. 'The Wall' addressed the media at his home ground, the Chinnaswamy Stadium in Bangalore, bringing the curtain down on an international career that spanned 16 years. India’s 0-4 Test w...
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Posted Date : 09-Mar-2012 , 08:42:35 am | Posted By CASANSAAR
Puneet Gupta, a chartered accountant working in Gurgaon, alongwith his fashion designer wife Varsha had gone to celebrate Holi in Agra at Punit's father's home in Kunwar colony, but were found dead in mysterious circumstances. After celebrating Holi, the two went to have a bath in the washr...
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Posted Date : 07-Mar-2012 , 07:29:54 pm | Posted By CASANSAAR
RBI may soon do away with branch audits; to save public sector banks hundreds of crores, reports CNBC-18's Gopika Gopakumar quoting sources. Most PSU banks have two kinds of auditors, statutory central auditors and statutory branch auditors. Statutory central auditors for most banks are around 6 bu...
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Posted Date : 07-Mar-2012 , 06:23:52 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs has requested all Banks and Financial Institutions to follow the role-check process devised and published for the digital signatures (DSCs) belonging to authorized signatories of Banks/FIsrecently in its e-Governance project MCA21. In a circular issued recently by t...
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Posted Date : 07-Mar-2012 , 06:23:14 pm | Posted By CASANSAAR
The Reserve Bank has hiked bank rate for Primary (urban) Co-operative Banks by 3.5 per cent to 9.5 per cent with effective from February 13, 2012. ”...it is determined that the bank rate should normally stay aligned to the MSF (marginal standing facility) rate. “Accordingly, it has bee...
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Posted Date : 07-Mar-2012 , 07:56:37 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has clarified that Circular No. 19 and 20 of 2011 issued on 02.05.2011 that were issued for laying down certain procedure to regulate cases wherein filing of conflicting returns with regard to appointment of Directors or change of Director/Directors have now been su...
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Posted Date : 07-Mar-2012 , 07:54:45 am | Posted By CASANSAAR
Ernst & Young, one of the four big global audit firms, is taking steps to dissociate its brand from its audit function in India. The move is seen as an after-effect of the ICAI's recommendations on multi national accounting firms, which called for audit firms to not provide non-audit services. ...
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Posted Date : 06-Mar-2012 , 10:59:22 am | Posted By CASANSAAR
Uttar Pradesh(403) Punjab(117) Party Win Lead BSP 79 01 Cong 28 0 RLD 09 - BJP 47 - Others 15 - SP 224 - Alliances: [Cong + RJD], [BJP + Samajwadi] Party Win Lead Cong 46 - SAD 56 - BJP ...
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Posted Date : 06-Mar-2012 , 08:04:12 am | Posted By CASANSAAR
For Information of MembersAnnouncement[Regarding Bank Branch Audit related matters] The office bearers and Council Members of the Institute have been in receipt of a representation from various members in regard to certain issues concerning the profession and in particular re: matters relatin...
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Posted Date : 06-Mar-2012 , 08:03:25 am | Posted By CASANSAAR
CNG price in the national capital and adjoining towns has been increased by up to Rs 1.90 per kg, as costlier LNG was being imported to make up for fall in output from Reliance Industries gas field. Compressed natural gas in Delhi will cost Rs 1.70 per kg more at Rs 35.45 per kg with effect from...
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Posted Date : 06-Mar-2012 , 07:59:28 am | Posted By CASANSAAR
The Securities and Exchange Board of India, or Sebi, will assess the experience of issuance of shares by private firms on the newly-introduced auction window before carrying out any review of the rules after last week's share sales by the state-run ONGC. The sale of 5% of ONGC shares was the fi...
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Posted Date : 06-Mar-2012 , 07:53:05 am | Posted By CASANSAAR
States have no objection to the Centre widening its service tax net in the forthcoming Budget, as long as 35 services like ambulance, beauty parlours, marriage halls, interest on bank deposits, leasing of vehicles and machines are kept out of the ambit of the levy. With a broad consensus eme...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 326
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Posted Date : 06-Mar-2012 , 07:50:22 am | Posted By CASANSAAR
The Haryana government presented on Monday the Budget for FY13 where no fresh taxes have been imposed with emphasis on the social sector, even while expressing optimism about attaining revenue surplus by 2013-14 through better tax realisation. The state governement has widened the ambit of the ...
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Posted Date : 06-Mar-2012 , 07:46:44 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has clarified that at the time of incorporation of companies where one of the objects is to carry on the business of Banking, Insurance or to practice the profession of Chartered Accountancy, Cost Accountancy & Company Secretaries, then the concerned Registrar o...
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Posted Date : 05-Mar-2012 , 04:56:43 pm | Posted By CASANSAAR
CASANSAAR the leading name is gaining popularity day by day with the love, affection and dedication of the members associated with the team of team of casansaar.com. We have more than 35000 registered members. Amongst them few are working really hard and showing their extra-ordinary capabilities to ...
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Posted Date : 05-Mar-2012 , 09:21:07 am | Posted By CASANSAAR
The previous year, just a few weeks before the tax return deadline of 31 July, the Central Board of Direct Taxes (CBDT) exempted those with an income of up to Rs 5 lakh from filing returns. But, as ET Wealth pointed out, the conditions were so restrictive that no one was eligible for the exempti...
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Posted Date : 05-Mar-2012 , 09:12:35 am | Posted By CASANSAAR
Russian Prime Minister Vladimir Putin has won Presidential polls. He secured a record third term in the Kremlin after recording a landslide victory over his four rivals. Exit polls and preliminary results gave him about 60 per cent of the vote, enough to give him a first-round victory over his ...
Continue Reading... Category : International Business | Comments : 0 | Hits : 221
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Posted Date : 03-Mar-2012 , 08:31:55 pm | Posted By CASANSAAR
Ending the suspense, Government today announced the appointment of Lt Gen Bikram Singh as the next Army Chief from May 31 to succeed Gen V K Singh. 59-year-old Lt Gen Singh, the Eastern Army Commander, will head the 13-lakh strong force and have a tenure of just over two years till August...
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Posted Date : 03-Mar-2012 , 08:13:08 pm | Posted By CASANSAAR
States have asked centre for adequate compensation for their revenue loss due reduction in the Central Sales Tax -CST. Otherwise, the levy should be increased to the earlier rateof 4 per cent. Empowered Committee of the State Finance Minister in New Delhi also finalised a negative list of 35 service...
Continue Reading... Category : GST | Comments : 0 | Hits : 522
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Posted Date : 03-Mar-2012 , 03:24:19 pm | Posted By CASANSAAR
The crisis at Kingfisher Airlines escalated further with the Service Tax department here freezing as many as 40 bank accounts of the already crippled airline for non-payment of dues to the tune of Rs 40 crore. "Over Thursday and Friday, we froze 40 bank accounts of Kingfisher Airlines. They failed ...
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- 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
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- 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
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