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Posted Date : 15-Dec-2011 , 08:05:43 pm | Posted By CASANSAAR
As the Rupee slides to new low against the dollar, NRIs are making a beeline to send the remittances back home. The leading bankers in Dubai say the expatriate Indians are opting for personal loans, cash advances through credit cards and salary advances to remit money back home.Some have even resort...
Continue Reading... Category : International Business | Comments : 0 | Hits : 402
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Posted Date : 15-Dec-2011 , 07:48:56 pm | Posted By CASANSAAR
The Government of India and the Asian Development Bank (ADB) today signed an agreement for the first tranche (US$ 113 million) under the US$ 350 million Himachal Pradesh Clean Energy Transmission Investment Programme which is a multi-tranche financing facility. The total estimated investment cost of...
Continue Reading... Category : Finance | Comments : 0 | Hits : 280
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Posted Date : 15-Dec-2011 , 03:12:21 pm | Posted By CASANSAAR
Click Below to Check Your Status Draft Bank Branch Auditor's Pannel for the Year 2011-12...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 2380
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Posted Date : 15-Dec-2011 , 08:38:04 am | Posted By CASANSAAR
Capital market regulator Sebi is likely to keep family offices and special purpose vehicles (SPVs) out of the proposed regulations on private capital pools like private equity and real estate funds. "Sebi has received feedback that the definition is too broadly worded," said a person familiar wi...
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Posted Date : 15-Dec-2011 , 08:36:47 am | Posted By CASANSAAR
OK Balraj, Chief Financial Officer of Escorts Limited, was conferred the 'Best CFO in Engineering & Capital Goods Sector' by the Institute of Chartered Accountants of India (ICAI), India's premier accounting and auditing body, at ICAI's 5th Annual Awards function at Palace Grounds, Bangalore....
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Posted Date : 15-Dec-2011 , 08:33:09 am | Posted By CASANSAAR
Union Finance Minister Pranab Mukherjee on Wednesday told Parliament that the tax authorities had unearthed Rs 660 billion of unaccounted money as part of the government's efforts to curb tax evasion. Mukherjee was replying to a debate on black money in the Lok Sabha. He further said that the gove...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 247
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Posted Date : 15-Dec-2011 , 08:30:17 am | Posted By CASANSAAR
The Companies Bill, which enhances accountability, introduces the concept of corporate social responsibility and encourages e-governance, was introduced in the Lok Sabha today. The 2011 Bill was introduced by Corporate Affairs Minister M Veerappa Moily after he wit...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 722
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Posted Date : 14-Dec-2011 , 09:19:46 pm | Posted By CASANSAAR
The government has de-freezed the bank accounts of debt-ridden Kingfisher Airlines and Air India after the two air carriers made part-payment of their service tax dues. "As they (Kingfisher and Air India) have made part-payments of service tax dues, the department has Lifted freeze on their ac...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 263
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Posted Date : 14-Dec-2011 , 04:22:22 pm | Posted By CASANSAAR
Petrol prices may be hiked by Rs 0.65 per litre this week if state-owned oil firms manage to get political approval for the move. While a fall in the rupee to an all-time low of Rs 53.75 per US dollar has resulted in an increase in the cost of oil imports, international rates of gasoline - against ...
Continue Reading... Category : General | Comments : 0 | Hits : 441
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Posted Date : 14-Dec-2011 , 04:04:24 pm | Posted By CASANSAAR
The Indian rupee lost 57 paise to a fresh all-time low of Rs 53.80 per US dollar in early trade today amid persistent dollar demand from banks and importers in view of sustained foreign capital outflows.The rupee resumed lower at Rs 53.54 per dollar on the Interbank Foreign Exchange, as against its ...
Continue Reading... Category : International Business | Comments : 0 | Hits : 307
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Posted Date : 14-Dec-2011 , 07:59:47 am | Posted By CASANSAAR
Various statutes prevailing in India like DVAT,2004 requires the assessee to furnish an audit report in a form duly signed and verified by such particulars as may be prescribed under section 44AB of the Income-tax Act, 1961 i.e. Form 3CB/3CD. This had lead to the doubts as to whe...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 950
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Posted Date : 14-Dec-2011 , 07:56:51 am | Posted By CASANSAAR
The issue of getting a level-playing field for urban co-operative banks vis-à-vis commercial banks with regard to raising capital and lowering the threshold for statutory investments will be taken up at a meeting of the Reserve Bank of India's standing advisory committee next week. Currently...
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Posted Date : 14-Dec-2011 , 07:54:20 am | Posted By CASANSAAR
With rupee hovering near record lows against the US dollar, India Inc is down with huge ‘notional foreign exchange losses'. However the companies, which had earlier approached the Institute of Chartered Accountants of India (ICAI) asking for an expansion ...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 283
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Posted Date : 14-Dec-2011 , 07:50:26 am | Posted By CASANSAAR
Broadening its probe in overseas black money cases, the Finance Ministry has decided to write to tax havens and other countries to obtain past information of banking-related transactions in select cases. Top sources said that the Central Board of Direct Taxes (CBDT) has obtained data of a number...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 234
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Posted Date : 14-Dec-2011 , 07:49:13 am | Posted By CASANSAAR
Union Finance Minister, Shri Pranab Mukherjee will inaugurate the International Conference on “Economic Policies for Emerging Economies” tomorrow i.e. December 14, 2011. Shri Mukherjee will also deliver the Inaugural Address on the occasion. This International Conference is marked as the...
Continue Reading... Category : Finance | Comments : 0 | Hits : 201
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Posted Date : 14-Dec-2011 , 07:48:31 am | Posted By CASANSAAR
New Pension Scheme (NPS) is a defined contribution scheme, its pay out depends upon the amount of contribution and the growth on the investment over a period of time for an individual while defined benefit schemes pay out is defined and is based on salary and number of years in service etc. at the t...
Continue Reading... Category : Finance | Comments : 0 | Hits : 359
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Posted Date : 13-Dec-2011 , 07:55:12 am | Posted By CASANSAAR
Cost and Works Accountants will now only be known as Cost Accountants, with Parliament approving amendments to the existing legislation earlier today. Also, there will be some brand confusion as the Institute of Cost and Works Accountants of India will now be called the Institute of Cost Accounts o...
Continue Reading... Category : ICWAI | Comments : 2 | Hits : 1548
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Posted Date : 13-Dec-2011 , 07:49:43 am | Posted By CASANSAAR
The Government today said that accounting regulator ICAI has examined the alleged role of auditors in the Satyam scam and RBI and SEBI are looking into the issue. Minister for Corporate Affairs Veerappa Moily, referring to the multi-crore scam in Satyam Computer Services, said the Institute of C...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 381
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Posted Date : 13-Dec-2011 , 07:47:03 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Monday for the first time imposed a cap on banks' direct or indirect equity investments in non-financial service companies, seeking to make banks focus more on their core business. The rules cap equity investments by banks in a non-financial services entity at ...
Continue Reading... Category : RBI | Comments : 0 | Hits : 391
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Posted Date : 13-Dec-2011 , 07:40:54 am | Posted By CASANSAAR
Tax authorities have informed a parliamentary panel that the concept of "presumptive loss" that the national auditor used to calculate the 2G spectrum losses at Rs 1.76 lakh crore does not appear in any statutory provision of the income-tax laws. Further, the field offices of the Income-Tax Depar...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 299
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Posted Date : 12-Dec-2011 , 10:17:32 pm | Posted By CASANSAAR
Vijay Mallya on Monday met Central Board of Excise and Customs (CBEC) chief SK Goel, with regard to de-freezing of Kingfisher Airlines' accounts. The CBEC had frozen 11 accounts of Kingfisher Airlines last week for allegedly defaulting on service tax that it has collected from passengers. ...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 288
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Posted Date : 12-Dec-2011 , 10:15:01 pm | Posted By CASANSAAR
The CBI on Monday filed chargesheet against five persons including two promoters of a Mumbai based private Telecom Group in a Delhi Court in connection with the 2G Spectrum allocation scam. Essar Group promoters Anshuman and Ravi Ruia were among the five persons.Besides Ruias, the CBI also charged E...
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Posted Date : 12-Dec-2011 , 10:12:02 pm | Posted By CASANSAAR
Government will hold discussions with its alliance partners on the Lokpal Bill on Tuesday ahead of tabling the Bill in Parliament. While the government says it is committed to pass the Bill in the current session to deal with corruption effectively, opposition is in favour of bringing Prime Minister...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 300
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Posted Date : 12-Dec-2011 , 07:47:34 am | Posted By CASANSAAR
Stock market investors would not have to pay any service tax on any late payment charges paid by them to their brokers, provided such fines are shown separately in the account statement. The Ministry of Finance has clarified the matter to the capital market regulator Sebi (Securities and Exchang...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 550
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Posted Date : 12-Dec-2011 , 07:43:35 am | Posted By CASANSAAR
In its bid to institute a strong company law tribunal, the ministry of corporate affairs (MCA) has begun the process to appoint three more members to the Company Law Board to strengthen the quasi-judicial body. CLB has been running short of staff for around...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 484
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Posted Date : 12-Dec-2011 , 07:40:27 am | Posted By CASANSAAR
The finance ministry has asked three of its investigating arms to probe all exports to tax havens Bahamas and Cyprus, an official in the ministry told ET on the condition of anonymity. The ministry is concerned about the sudden surge in exports to the tax havens and has asked the agencies to asce...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 404
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Posted Date : 11-Dec-2011 , 10:20:50 pm | Posted By CASANSAAR
More than 30,000 pieces of information about black money in India have come under the scanner of the Income Tax Department. The Financial Intelligence Unit (FIU), under the Finance Ministry, has gathered voluminous data on suspicious transactions, the department informed a global OECD conference ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 398
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Posted Date : 11-Dec-2011 , 06:45:47 pm | Posted By CASANSAAR
IT major Infosys Technologies will start construction work on its first software development centre in West Bengal, at Rajarhat near here, in three to six months, a top company official said today. "We have paid the money ...
Continue Reading... Category : General | Comments : 0 | Hits : 551
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Posted Date : 11-Dec-2011 , 06:40:48 pm | Posted By CASANSAAR
Max Healthcare has rolled out a unique solution to help its patients reach out to their doctors, even at odd hours, with just one click on their BlackBerry phones. Developed by Gurgaon-based MphRx, the cloud-based solution 'MphRx Connect' securely connects an archive of radiology images, lab rep...
Continue Reading... Category : General | Comments : 0 | Hits : 384
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Posted Date : 11-Dec-2011 , 06:39:14 pm | Posted By CASANSAAR
The Income Tax Department has invited fresh bid for setting up centralised processing centres (CPCs) for bulk processing of I-T returns at Manesar and Pune, as the earlier tender received no interest. Two new CPCs, announced in the Budget 2011-12, were supposed to become operational by May. Another...
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- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
- Satyam restrained from operating its accounts
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- Maha expects Rs 15 crore entertainment tax revenue from IPL
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- 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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