-
Posted Date : 14-Nov-2011 , 08:21:33 am | Posted By CASANSAAR
The country's largest public sector lender State Bank of India has said the prevailing crisis in Kingfisher Airlines would not have any impact on it's balance sheet due to small exposure to the beleagured company. "We have Rs 12 lakh crore balance sheet and our exposure in Kingfisher Airline was...
Continue Reading... Category : Banking | Comments : 0 | Hits : 354
-
Posted Date : 14-Nov-2011 , 08:18:39 am | Posted By CASANSAAR
The income-tax department in Mumbai is all set to regularise the income disclosed by Indians named in the list of unreported account holders with HSBC Bank Geneva, by issuing notices under section 148 of the Income Tax Act. A notice under Section 148 of the I-T Act is usually served when the I-T ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 335
-
Posted Date : 14-Nov-2011 , 08:16:17 am | Posted By CASANSAAR
The total value of transactions carried out using cheques across the country amounted to Rs7.64 lakh crore in September 2011, down by 1.4% over the same month last year, reports PTI. Banks had cleared cheques worth Rs7.75 lakh crore in September 2010, according to Reserve Bank of India (RBI) data. ...
Continue Reading... Category : Banking | Comments : 0 | Hits : 248
-
Posted Date : 13-Nov-2011 , 03:58:18 pm | Posted By CASANSAAR
Billionaire Vijay Mallya-led UB Group, currently in the eye of a storm over troubles at its Kingfisher Airlines, has lost nearly half of its market value from its peak scaled in the past one year. As per the stock exchange data, the combined market value of the group's six listed firms -- Kingfi...
Continue Reading... Category : General | Comments : 0 | Hits : 393
-
Posted Date : 13-Nov-2011 , 09:19:22 am | Posted By CASANSAAR
The high court has vacated its earlier stay on disclosure of marks and answer sheets by the Institute of Chartered Accountants of India, and asked ICAI to give break up of marks secured by a candidate who had sought the same under the Right to Information Act. HC granted the relief after i...
Continue Reading... Category : Students Zone | Comments : 0 | Hits : 1625
-
Posted Date : 13-Nov-2011 , 09:16:42 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has cancelled the banking licence of Gujarat Industrial Co-operation Bank. The bank’s fate became uncertain after RBI clamped restriction on it due to insolvency. The only saving grace is that 96 per cent of its depositors hold less than Rs 1 lakh in it...
Continue Reading... Category : Banking | Comments : 0 | Hits : 251
-
Posted Date : 13-Nov-2011 , 09:12:53 am | Posted By CASANSAAR
After it became clear that the Goods and Services Tax (GST) could not be rolled out by the beginning of the next financial year, hopes were being pinned on the implementation of the Direct Taxes Code (DTC) from April 1, 2012. However, with a Parliamentary panel clearly saying it cannot table its rep...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 546
-
Posted Date : 12-Nov-2011 , 07:44:33 pm | Posted By CASANSAAR
Tickets for India International Trade Fair's (IITF) business visitors will be available at 26 Metro stations in the capital from Monday while the general public can collect the tickets from all stations from Nov 19.The fair will be open for business visitors Nov 14-18 for which the ticket is p...
Continue Reading... Category : General | Comments : 0 | Hits : 430
-
Posted Date : 12-Nov-2011 , 01:27:29 pm | Posted By CASANSAAR
Your investments in the small savings scheme -- post office savings scheme, National Savings Certificate, and public provident fund - will soon start earning higher interest rates that are benchmarked to market rates. The annual interest rate available on these schemes is at present below what a...
Continue Reading... Category : Banking | Comments : 0 | Hits : 637
-
Posted Date : 12-Nov-2011 , 08:48:46 am | Posted By CASANSAAR
In a move that will depress the top line of several leading real estate companies, an upcoming accounting change aims to reduce the discretion available to them on how to compute revenues. The accounting regulator is working on a 'guidance note' that will, for the first time, define when and how ...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 434
-
Posted Date : 12-Nov-2011 , 08:45:01 am | Posted By CASANSAAR
YSR Congress chief Jaganmohan Reddy faces fresh trouble with his auditor, associated with prominent auditing firm Deloitte, admitting cooking books for his firm. With the Enforcement Directorate (ED) and the Central Bureau of Investigati...
Continue Reading... Category : General | Comments : 0 | Hits : 314
-
Posted Date : 12-Nov-2011 , 08:41:59 am | Posted By CASANSAAR
Market regulator SEBI today allowed mutual funds to invest in repo, or short-term repurchase of forward contract, of corporate debt securities with a ceiling of 10 per cent of the net assets of the concerned scheme. "The gross exposure of any mutual fund scheme to repo transactions in corporate ...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 234
-
Posted Date : 12-Nov-2011 , 08:40:21 am | Posted By CASANSAAR
If you thought by filing your income tax e-return the job was done, you were mistaken. The income tax department’s latest records show out of nearly 8.17 million e-returns filed without digital signatures for the assessment year 2010-11 till October 31, about 500,000 signed returns (ITR-Vs) ar...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 657
-
Posted Date : 12-Nov-2011 , 08:38:03 am | Posted By CASANSAAR
UK- based telecom giant Vodafone, which is fighting a Rs 11,000-crore capital gains tax case in the Supreme Court, could soon face a fresh tax burden in India. The income-tax department has issued a draft transfer pricing order to Vodafone, adding nearly Rs 8,500 crore to its income from Indian ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 332
-
Posted Date : 12-Nov-2011 , 08:36:59 am | Posted By CASANSAAR
Indirect tax collections rose 7.9% in October from a year ago, allaying concerns that had arisen from the sharp drop in excise collections in September. In the first seven months of the fiscal (April-October), the indirect tax collections have risen 18.5% to Rs 2.21 lakh crore, prompting a more ...
Continue Reading... Category : Excise | Comments : 0 | Hits : 253
-
Posted Date : 12-Nov-2011 , 08:24:16 am | Posted By CASANSAAR
Government will introduce the Real Estate Regulatory Authority and Development Bill in the coming winter session of Parliament to protect the right of consumers and to encourage regulated growth of real estate sector. Talking to media persons in New Delhi today, Housing and Urban Poverty Alleviation...
Continue Reading... Category : General | Comments : 0 | Hits : 256
-
Posted Date : 12-Nov-2011 , 08:23:18 am | Posted By CASANSAAR
The Reserve Bank today cancelled the licence of Solapur-based Nagari Audyogik Sahakari Bank Niyamit due to financial insolvency. "In view of the fact that Solapur Nagari Audyogik Sahakari Bank Niyamit had ceased to be solvent, all efforts to revive it in close consultation with the go...
Continue Reading... Category : RBI | Comments : 0 | Hits : 209
-
Posted Date : 12-Nov-2011 , 08:21:43 am | Posted By CASANSAAR
The Income Tax Settlement Commission, Ministry of Finance , has settled over 15000 tax disputes involving over 1.35 lakhs tax proceedings in its life time since 1976. In 2010-11, it passed 400 orders, in which it settled income amounting to 595 Crores, which was 187% over the returned income of 206 ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 149
-
Posted Date : 10-Nov-2011 , 08:46:34 pm | Posted By CASANSAAR
The RBI has barred Sabarkantha-based Khedbrahma Nagarik Sahakari Bank from undertaking any major activities like granting fresh loans and making new investments till its financial position improves. "RBI has issued certain directions to the Khedbrahma Nagarik Sahakari Bank Ltd, Khedbrahma, Saba...
Continue Reading... Category : RBI | Comments : 0 | Hits : 280
-
Posted Date : 10-Nov-2011 , 08:43:55 pm | Posted By CASANSAAR
Sports Minister Ajay Maken today said the allegations of tax violation in running of the Indian Premier League should be looked into and asked the BCCI to come under the RTI ambit for its own good. Maken said transparency in the working of National Sports Federations, including the BCCI, can be...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 200
-
Posted Date : 10-Nov-2011 , 08:42:08 pm | Posted By CASANSAAR
Mahindra Satyam's merger with parent firm Tech Mahindra will take place next year, its chairman Vineet Nayyar said Thursday. "It is a process. We are looking at it when to commence it and we are hoping that by the next year, some time in later half of the year, this amalgamation will in fact tak...
Continue Reading... Category : Merger & Acquisitions | Comments : 0 | Hits : 254
-
Posted Date : 10-Nov-2011 , 07:58:06 am | Posted By CASANSAAR
The Finance Ministry is seeking inputs from industry on tax rates as it prepares the next budgetary proposals. "You may...send your suggestions for changes in the duty structure, rates and broadening of tax base on both direct and indirect taxes giving economic justification for the same," an o...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 297
-
Posted Date : 10-Nov-2011 , 07:56:34 am | Posted By CASANSAAR
Paying income tax may now be as easy as paying your credit card or phone bill. Central Board of Direct Taxes has now enabled payment of taxes through ATMs of certain designated banks using the Online Tax Accounting System (OLTAS). These include-- ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 582
-
ICICI's Chanda Kochhar most powerful; Sun TV's Kavery Kalanithi highest paid woman in India: FortunePosted Date : 09-Nov-2011 , 05:54:43 pm | Posted By CASANSAAR
ICICI Bank chief executive Chanda Kochhar has been named as the most powerful woman in Indian business but when it comes to pay, Sun TV Network's joint MD Kavery Kalanithi is the highest earner with an annual salary of $ 13.09 million, according to Fortune magazine. With a pay packet of $ 13.66 ...
Continue Reading... Category : General | Comments : 0 | Hits : 468
-
Posted Date : 09-Nov-2011 , 08:08:59 am | Posted By CASANSAAR
Exports grew by 10.8 per cent to 19.9 billion US dollars in October this year. This is the lowest in the last two years.According to preliminary data released today, pushed by expensive crude oils and vegetable oils, imports grew at a faster rate of 21.7 per cent to 39.5 billion dollars leaving a tr...
Continue Reading... Category : International Business | Comments : 0 | Hits : 318
-
Posted Date : 08-Nov-2011 , 03:50:01 pm | Posted By CASANSAAR
November 8, 2011 Draft Code of Conduct for Chartered Accountancy Students In order to govern the conduct of Chartered Accountancy Students during...
Continue Reading... Category : Students Zone | Comments : 0 | Hits : 1533
-
Posted Date : 08-Nov-2011 , 02:38:41 pm | Posted By CASANSAAR
Switzerland has indicated it is ready to cooperate with India on sharing information related to Swiss bank accounts held by Indians within the framework of amended double taxation treaty between the two countries. Swiss Ambassador to India Philippe Welti told reporters in New Delhi yesterday. H...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 620
-
Posted Date : 08-Nov-2011 , 07:54:00 am | Posted By CASANSAAR
In yet another customer-friendly move, the Reserve Bank of India has said signatures of both depositors are not needed for repayment of fixed or term deposits on maturity if such accounts are opened with instructions "either or survivor". In a recent notification, the RBI sa...
Continue Reading... Category : Banking | Comments : 0 | Hits : 501
-
Posted Date : 08-Nov-2011 , 07:50:48 am | Posted By CASANSAAR
Income tax authorities will keep a close watch on tax payments by top corporates to ensure that they do not delay tax payments as part of the bouquet of measures being considered by the government to keep revenue growth on target. The advance tax payments by companies rose only 9.9% for the July...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 195
-
Posted Date : 07-Nov-2011 , 03:25:28 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) is considering to what extent banks' holdings under the statutory liquidity ratio (SLR) can be used to meet capital requirements for Basel III global banking rules, a central banker said on Sunday. SLR or the proportion of deposits that banks need to invest in govern...
Continue Reading... Category : RBI | Comments : 0 | Hits : 296
- 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
