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Posted Date : 18-Nov-2011 , 05:05:35 pm | Posted By CASANSAAR
MCA offers one more innovative service. Now you can open a bank account with participating banks. Andhra Bank Kotak Mahindra Bank Click here for more details http://mca.gov.in/MCA21/corporate_bank_acc.html__._,_.___ Ministry of Corporate Affairsmca.gov.in...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 899
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Posted Date : 18-Nov-2011 , 04:04:00 pm | Posted By CASANSAAR
The government today said it will stick to its disinvestment target of Rs. 40,000 crore for the 2011-12 financial year, but achieving this goal will hinge on many other factors. "I am not revising it (the target) right now. We have fixed the target and we will try to achieve it, but...
Continue Reading... Category : Finance | Comments : 0 | Hits : 233
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Posted Date : 18-Nov-2011 , 03:59:39 pm | Posted By CASANSAAR
Shareholders of Motorola Mobility Holdings Inc late Thursday approved a 12.5-billion-dollar takeover offer from Google Inc, gaining the internet giant a stronger foothold in the handset sector, and expanding its patent portfolio. Motorola said shareholders voted with an “overwhelming majority...
Continue Reading... Category : International Business | Comments : 0 | Hits : 267
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Posted Date : 18-Nov-2011 , 02:24:57 pm | Posted By CASANSAAR
A San Jose, California, man faces charges of tax evasion after failing to report $1.3 million in interest income from HSBC Holdings Plc's India unit, US prosecutors said on Thursday.Ashvin Desai hid as much as $8.8 million during 2009 in the India operations of the UK banking giant, prosecutors ...
Continue Reading... Category : International Business | Comments : 0 | Hits : 255
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Posted Date : 18-Nov-2011 , 08:40:37 am | Posted By CASANSAAR
G Ramaswamy, President, The Institute of Chartered Accountants of India (ICAI) has been elected as the Board Member of International Federation of Accountants (IFAC) at the November IFAC Council Meeting held at Berlin, Germany on 17th November 2011. IFAC is a global organization for the ac...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 269
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Posted Date : 18-Nov-2011 , 08:35:14 am | Posted By CASANSAAR
The Finance Ministry on Thursday raised the foreign investment limit in government and corporate debt by $5 billion each, hoping to solve the issue of poor investor response to government debt and the rupee depreciation. The existing foreign investment limit in government debt has already been e...
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Posted Date : 18-Nov-2011 , 08:32:22 am | Posted By CASANSAAR
The Supreme Court on Thursday ruled that once an employee was placed in the executive cadre, he would cease to be a workman, disentitling him to benefits accruing from a settlement arrived between the management and trade union of which he was a member prior to promotion.The judgment by a ...
Continue Reading... Category : General | Comments : 0 | Hits : 289
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Posted Date : 18-Nov-2011 , 08:28:40 am | Posted By CASANSAAR
Kalpana Sinha, a tenant in a Mumbai suburb, often tells her house owner that her payment of rentals — Rs 30,000 a month — do not allow her to claim tax benefits. While the owner is willing to give her a temporary receipt, it contains little detail about the owner. Sinha would be...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 727
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Posted Date : 17-Nov-2011 , 08:23:10 am | Posted By CASANSAAR
The Reserve Bank of India said it will buy government bonds worth 10,000 crore from investors for the first time this fiscal, aiming to ease pressure on interest rates after three of the four bond sales this quarter did not have enough takers at the specified price.The move to ease the pressure o...
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Posted Date : 17-Nov-2011 , 08:19:01 am | Posted By CASANSAAR
Finance Minister Pranab Mukherjee on Wednesday maintained that even as every decision of the government was not likely to be the most optimal, the possibility of institutional failures, oversight and ignorance could impact the decision-making process. In his address at a concluding function here to...
Continue Reading... Category : CAG | Comments : 0 | Hits : 682
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Posted Date : 17-Nov-2011 , 08:15:12 am | Posted By CASANSAAR
"Must a name mean something?" asks Alice as she travels through Wonderland whileWilliam Shakespeare famously asked "What's in a name?" To a Mumbai resident it definitely meant something as he fought a legal battle all the way to the Supreme Court to stop his ex-wife from using his sur...
Continue Reading... Category : General | Comments : 0 | Hits : 845
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Posted Date : 17-Nov-2011 , 08:12:47 am | Posted By CASANSAAR
The government will come out in few days with revised concept paper on 'negative list' for service tax -- meaning services which are not mentioned in the list would be taxed under the proposed GST regime. "The revised concept paper (on negative list of services) is ready and you should se...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 611
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Posted Date : 17-Nov-2011 , 08:10:52 am | Posted By CASANSAAR
Government will seek passage of several key economic legislations in the winter session of Parliament, pushing its reforms agenda and allaying concerns of policy paralysis among a section of the industry. The long-pending Pension Fund Regulatory and Development Authority (PFRDA) Bill, which will pav...
Continue Reading... Category : General | Comments : 0 | Hits : 205
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Posted Date : 17-Nov-2011 , 08:07:49 am | Posted By CASANSAAR
Stock market watchdog Securities and Exchange Board of India (SEBI) was today asked by the Delhi High Court to examine an investor group's allegation that National Stock Exchange was acting against investors to protect stock brokers's interests. "The issue raised by the petitioner needs serious con...
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Posted Date : 17-Nov-2011 , 08:06:48 am | Posted By CASANSAAR
The Central Information Commission has directed RBI to reveal names and details of the top 100industrialists who have defaulted on loans from public sector banks. The CIC rejected RBI’s argument that it held the information in fiduciary capacity, and disclosing it...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 284
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Posted Date : 16-Nov-2011 , 03:31:34 pm | Posted By CASANSAAR
The government today approved amendments to the PFRDA Bill 2011 while agreeing to the proposed 26% foreign investment in the pension sector but refrained from providing assured returns to subscribers in the proposed law. The government had decided not to mention FDI cap in the legislation itself for...
Continue Reading... Category : Finance | Comments : 0 | Hits : 531
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Posted Date : 16-Nov-2011 , 03:26:35 pm | Posted By CASANSAAR
The government on Wednesday approved amendments to the Export-Import Bank Act to improve its ability to increase credit to exporters and importers and said it would now be tabled in parliament. The Export-Import Bank of India (Amendment) Bill, 2011 seeks to increase the authorised capital of the&nb...
Continue Reading... Category : Banking | Comments : 0 | Hits : 237
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Posted Date : 16-Nov-2011 , 08:09:23 am | Posted By CASANSAAR
Dear Professional Colleague, As you must be aware, recently the ICAI had represented before Central Board of Direct Taxes (CBDT) seeking tax audit data based on returns e-filed during the year 2010-11. I would like to inform you that in response to the repres...
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Posted Date : 16-Nov-2011 , 08:05:29 am | Posted By CASANSAAR
The Institute of Company Secretaries of India (ICSI) is looking to woo more students by revamping its infrastructure. Chairman of the Southern India Regional Council, B Ravi, said that the centre has improved its infrastructure to make the course more interesting for the students. "We have added mor...
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Posted Date : 16-Nov-2011 , 08:01:43 am | Posted By CASANSAAR
The crucial survey operations conducted by the Income Tax department to detect tax evasion have been severely hit due to a long drawn employees agitation in the national capital. I-T employees and officials, except those of the Indian Revenue Service (IRS),...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 236
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Posted Date : 15-Nov-2011 , 08:02:28 pm | Posted By CASANSAAR
Petrol is cheaper by Rs 2.22 a litre in Delhi from Wednesday as state oil firms have decided to cut its rates for the first time in last 33 months under pressure from the ruling Congress, which demand an immediate roll-back of the recent price hike. "Indian Oil has decided to reduce petrol prices...
Continue Reading... Category : General | Comments : 0 | Hits : 287
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Posted Date : 15-Nov-2011 , 07:44:01 pm | Posted By CASANSAAR
In terms of the Council decision dated 14 July, 2011, following guidelines for conversion of CA firms into LLPs and constitution of separate LLPs by the practicing Chartered Accountants have been finalized which are applicable for conversion of CA firms into LLPs or formation of new L...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 402
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Posted Date : 15-Nov-2011 , 07:27:13 pm | Posted By CASANSAAR
Petrol is expected to be cheaper by about Rs 1.90 a litre in Delhi from Tuesday midnight as state oil firms have decided to cut its rates for the first time in last 33 months under pressure from the ruling Congress, which demand an immediate roll-back of the recent price hike. Executives of India...
Continue Reading... Category : General | Comments : 0 | Hits : 636
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Posted Date : 15-Nov-2011 , 08:27:11 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India has initiated an inquiry against Deloitte Touche Tohmatsu Ltd over the alleged increase of valuation of Jagati Publications owned by YSR Congress leader Y. S. Jagan Mohan Reddy. Mr G. Ramaswamy, president of ICAI — the regulatory body of chartere...
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Posted Date : 15-Nov-2011 , 08:25:10 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Monday raised concerns on rising bad loans of Indian banks, especially money given to infrastructure, retail and real estate companies, and said banks are likely to feel more pain from such loans in a high interest rate scenario unless they take “due care&rdq...
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Posted Date : 15-Nov-2011 , 08:20:22 am | Posted By CASANSAAR
In another blow to cricket federations in the country, Income Tax department has slapped show-cause notices to seven of them, affiliated to the Board of Control for Cricket in India (BCCI), just before withdrawing tax exemption to them. This will put these sporting bodies at par with...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 230
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Posted Date : 15-Nov-2011 , 08:18:06 am | Posted By CASANSAAR
Deciding against bringing in a voluntary disclosure of income scheme (VDIS), the income tax department has decided to use some force in this regard. A senior Central Board of Direct Taxes (CBDT) official told Business Standard the department had initiated an extensive exercise under which i...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 361
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Posted Date : 14-Nov-2011 , 09:45:02 pm | Posted By CASANSAAR
The Reserve Bank today said the global banking system is fraught with many uncertainties due to the ongoing sovereign debt crisis in Eurozone and asked for concerted action from both the developed and the emerging economies for its revival. ...
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Posted Date : 14-Nov-2011 , 09:40:10 pm | Posted By CASANSAAR
The lead auditor of the 2G telecom audit today stuck to his stand that the loss due to spectrum allocation was Rs 2,645 crore and he had signed the final report on the alleged scam on the direction of his superiors.Appearing before the Joint Parliamentary Committee (JPC) going into the 2G ...
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Posted Date : 14-Nov-2011 , 07:12:52 pm | Posted By CASANSAAR
The Kingfisher Board also had a crucial meeting in Mumbai to work out a debt restructuring plan on the eve of the announcement of its latest financial results. The bankers have asked the troubled airline to come out with a "credible" plan.The lenders--a 13-bank consortium led by SBI, who were yet to...
Continue Reading... Category : Finance | Comments : 0 | Hits : 322
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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
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- 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
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- Maha expects Rs 15 crore entertainment tax revenue from IPL
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- 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
