-
Posted Date : 07-Jul-2020 , 09:06:02 am | Posted By CASANSAAR
Firms providing information technology software related services to overseas client of an Indian business would be liable to pay 18 per cent GST, the Authority of Advance Ruling (AAR) has said. A firm engaged in the business of providing software related consultancy services in Oracle ERP approac...
Continue Reading... Category : GST | Comments : 0 | Hits : 927
-
Posted Date : 07-Jul-2020 , 08:48:10 am | Posted By CASANSAAR
Government today dismissed the media report that it is considering a proposal to merge the Central Board of Direct Taxes and Central Board of Indirect Taxes and Customs. The Finance Ministry has termed the news item as factually incorrect clarifying that the government has no proposal to merge th...
Continue Reading... Category : CBDT | Comments : 0 | Hits : 450
-
Posted Date : 07-Jul-2020 , 08:40:25 am | Posted By CASANSAAR
Markets regulator Sebi on Monday asked Fourth Dimension Solutions Managing Director Amalendu Mukherjee to disgorge an amount worth over Rs 2.3 crore for insider trading in the scrip of Ricoh India Ltd. The amount has to be paid along with 12 per cent interest within 45 days, the regulator said in...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 435
-
Posted Date : 05-Jul-2020 , 10:57:00 am | Posted By CASANSAAR
The income tax department has made the calculation of TDS (tax deducted at source) on cash withdrawals easier for banks and other financial institutions. A tool to calculate the TDS rate under Section 194N has been enabled in the income tax department's e-filing portal. However, this tool has...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 842
-
Posted Date : 05-Jul-2020 , 10:43:36 am | Posted By CASANSAAR
Public and Private Sectors banks have sanctioned loans worth over one lakh ten thousand crore rupees so far under Emergency Credit Line Guarantee Scheme. Out of which, more than 52 thousand 200 crore rupees have already been disbursed. The scheme was launched by the government to provide relief t...
Continue Reading... Category : MSME | Comments : 0 | Hits : 550
-
Posted Date : 05-Jul-2020 , 10:41:09 am | Posted By CASANSAAR
The Prime Minister Narendra Modi has launched Aatmanirbhar Bharat Innovation Challenge to identify the best Indian Apps that are already being used by citizens and have the potential to scale and become world class Apps in their respective categories. Prime Minister Narendra Modi has urged ...
Continue Reading... Category : General | Comments : 0 | Hits : 1122
-
Posted Date : 04-Jul-2020 , 09:49:50 am | Posted By CASANSAAR
Income tax department has issued Rs 62,361 crore of pending refunds to 20.44 lakh taxpayers between April 8 and June 30, the Central Board of Direct Taxes (CBDT) said Friday. "In order to help taxpayers in a Covid-19 pandemic situations, the department has issued tax refunds at a speed of 76...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 282
-
Posted Date : 04-Jul-2020 , 09:30:51 am | Posted By CASANSAAR
IMPORTANT ANNOUNCEMENT 1. The students are aware that vide Announcement dated 15th June 2020, the Institute, after taking in account the academic interests and health safeguards of students intending to appear in May 2020 Examinations, had enabled them to change their centre for appearanc...
Continue Reading... Category : CA Exams | Comments : 0 | Hits : 466
-
Posted Date : 03-Jul-2020 , 10:37:05 am | Posted By CASANSAAR
The RBI has asked banks, financial institutions and NBFCs to reclassify micro, small and medium enterprises on the basis of the new criteria. Last month, the government notified new criteria for classification of micro, small and medium enterprises (MSMEs) on the basis of turnover and investment ...
Continue Reading... Category : IFRS | Comments : 0 | Hits : 896
-
Posted Date : 03-Jul-2020 , 10:30:24 am | Posted By CASANSAAR
The Insolvency and Bankruptcy Board of India (IBBI) has proposed to limit the number of corporate insolvency cases a single insolvency professional (IP) is permitted to handle at any given time. Currently, there is no limit on the number of assignments an IP is permitted to take; however the code...
Continue Reading... Category : Insolvent Professional | Comments : 0 | Hits : 1175
-
Posted Date : 02-Jul-2020 , 10:44:50 am | Posted By CASANSAAR
The World Bank has approved $750 million to support increased flow of finance into the hands of micro, small, and medium enterprises (MSMEs) in India, severely impacted by the covid-19 crisis. The package will support the MSME package announced by the government under its self-reliant India programm...
Continue Reading... Category : MSME | Comments : 0 | Hits : 998
-
Posted Date : 02-Jul-2020 , 10:39:21 am | Posted By CASANSAAR
Sebi on Wednesday came out with a set of standard operating procedures for stock exchanges, clearing corporations and depositories to deal with possible defaults by trading or clearing members. The framework, which will come into force from August 1, is aimed at protecting the interest of non-def...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 274
-
Posted Date : 02-Jul-2020 , 10:14:37 am | Posted By CASANSAAR
GST revenue collection in June stood at Rs 90,917 crore, up from Rs 62,009 crore mopped up in May and Rs 32,294 crore in April. "The gross GST revenue collected in the month of June, 2020 is Rs 90,917 crore of which CGST is Rs 18,980 crore, SGST is Rs 23,970 crore, IGST is Rs 40,302 crore (i...
Continue Reading... Category : GST | Comments : 0 | Hits : 205
-
Posted Date : 30-Jun-2020 , 10:11:04 am | Posted By CASANSAAR
The Reserve Bank of India on Monday announced another ‘operation twist’, also known as open market operations (OMO), under which it conducts simultaneous sale and purchase of bonds. “On a review of current and evolving liquidity and market conditions, the RBI h...
Continue Reading... Category : RBI | Comments : 0 | Hits : 544
-
Posted Date : 30-Jun-2020 , 10:04:29 am | Posted By CASANSAAR
Markets watchdog Sebi on Monday eased compliance requirement for portfolio managers amid prevailing business conditions amid coronavirus pandemic. The decision was taken after receiving requests from portfolio managers and considering the prevailing business and market conditions due to the pande...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 473
-
Posted Date : 29-Jun-2020 , 09:56:34 am | Posted By CASANSAAR
The government has allowed individuals under new lower tax regime to claim I-T exemption on conveyance allowance received from employers. The Central Board of Direct Taxes (CBDT) has now amended Income Tax rules to prescribe certain exemptions which can be availed by the employees. These inclu...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1811
-
Posted Date : 29-Jun-2020 , 09:21:59 am | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) extended the end-date till August 31 for several relaxations including issuance of order and appeals by tax authorities, including in case of refunds, and extended the validity of e-way bills issued before lockdown till September 30. In notif...
Continue Reading... Category : GST | Comments : 0 | Hits : 764
-
Posted Date : 28-Jun-2020 , 09:44:25 am | Posted By CASANSAAR
The RBI has also extended the relaxation on the minimum daily maintenance of the CRR at 80 per cent till September 25, 2020. Amid ongoing economic woes created by the coronavirus pandemic, the Reserve Bank has decided to extend the enhanced borrowing facility provided to banks to meet their liqui...
Continue Reading... Category : RBI | Comments : 0 | Hits : 586
-
Posted Date : 28-Jun-2020 , 09:33:54 am | Posted By CASANSAAR
State Bank of India (SBI) has sanctioned loans to over 4 lakh accounts under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for MSME sector, hit hard by the coronavirus-induced lockdown. On the occasion of International MSME Day, SBI managing director C S Shetty on Friday addr...
Continue Reading... Category : MSME | Comments : 0 | Hits : 302
-
Posted Date : 27-Jun-2020 , 10:03:18 am | Posted By CASANSAAR
Capital markets watchdog Sebi has begun the process for recruiting two executive directors for faster and more effective execution of regulatory work. The appointment of executive directors will be either on contractual or deputation basis for a period of three years, the regulator said in a publ...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 648
-
Posted Date : 26-Jun-2020 , 09:43:38 am | Posted By CASANSAAR
Minister of MSME, Shri Nitin Gadkari today launched the Credit Guarantee Scheme for Sub-ordinate Debt (CGSSD) which is also called “Distressed Assets Fund–Sub-ordinate Debt for MSMEs”. As per the Scheme, the guarantee cover worth Rs. 20,000 crores will be provided to the promote...
Continue Reading... Category : MSME | Comments : 0 | Hits : 1099
-
Posted Date : 26-Jun-2020 , 09:01:57 am | Posted By CASANSAAR
The ministry of corporate affairs (MCA) has included contributions towards the Central Armed Police Forces (CAPF) and Central Para Military Forces (CPMF) veterans and their dependents including widows, within the definition of corporate social responsibility (CSR). The notification, on Wednesday,...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 318
-
Posted Date : 26-Jun-2020 , 08:54:38 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) on Thursday relaxed the pricing norms for preferential issuances to ease the capital-raising process for listed companies. The new pricing formula will enable the issuance of new shares at recent stock prices. A lot of market participants had appr...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 177
-
Posted Date : 25-Jun-2020 , 09:03:10 am | Posted By CASANSAAR
Public interest litigation, PIL has been filed in SC seeking cancellation of the opt-out scheme introduced by ICAI for CA July exam 2020- The petition also seeks some extra centres or the appearing candidates. Institute of Chartered Accountants of India, ICAI had given its candidates the op...
Continue Reading... Category : CA Firms | Comments : 0 | Hits : 2269
-
Posted Date : 24-Jun-2020 , 09:42:49 pm | Posted By CASANSAAR
In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliance requirements across sectors due to the outbreak of Novel Corona Virus (COVID-19), the Government brought the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 [the Ordinance] on 3...
Continue Reading... Category : Income Tax | Comments : 1 | Hits : 1537
-
Posted Date : 24-Jun-2020 , 09:43:18 am | Posted By CASANSAAR
A committee appointed by the Reserve Bank of India (RBI), headed by chief executive of Indian Banks’ Association (IBA) and consisting of representatives from all stakeholders, except bank customers, has recommended an increase in interchange charges for all transactions carried out on automate...
Continue Reading... Category : RBI | Comments : 1 | Hits : 1536
-
Posted Date : 24-Jun-2020 , 09:31:03 am | Posted By CASANSAAR
SEBI further relaxed the preferential allotment rules for faster fund raising by stressed companies in the current crisis time. SEBI also decided to grant exemption for allottees of preferential issues from open offer obligations in such cases, with immediate effect. The regulator in its relea...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 396
-
Posted Date : 23-Jun-2020 , 09:50:37 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Monday told banks, non-banks and payments service providers to undertake targeted multi-lingual campaigns by way of SMSs, advertisements in print and visual media, etc, to educate their users on safe and secure use of digital payments. In a circular, the Reserve...
Continue Reading... Category : RBI | Comments : 0 | Hits : 587
-
Posted Date : 23-Jun-2020 , 09:47:07 am | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) on Monday launched paperless customs export processing, a move aimed at trade facilitation. "Chairman CBIC Sh. M Ajit Kumar and Members of the Board launched Paperless Customs Export processing under Turant Customs today through video confe...
Continue Reading... Category : Custom | Comments : 0 | Hits : 475
-
Posted Date : 22-Jun-2020 , 10:31:27 am | Posted By CASANSAAR
CASANSAAR offers a Golden opportunity for Professionals, where they could create their own stunning website with multiple designs and templates to choose. It will be completely your own space, which is going to be a Dynamic Website and could be edited as per your wish. ...
Continue Reading... Category : General | Comments : 0 | Hits : 961
- 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
