-
Posted Date : 17-May-2011 , 09:35:02 pm | Posted By CASANSAAR
Issuance of TDS Certificates in Form No. 16A downloaded from TIN Website and option to authenticate the same by way of digital signature – Circular under section 119 of the Income-tax Act 1961. http://casansaar.com/notification_details.php?id=135...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 3023
-
Posted Date : 17-May-2011 , 09:27:58 pm | Posted By CASANSAAR
RBI governor D Subbarao has said the central bank may have to sacrifice growth to manage inflation. "High inflation negates prospects of growth," said Mr Subbarao, speaking at the Indira Gandhi Institute of Development Research in Mumbai on Monday. "For faster growth, we need to manage the growth-in...
Continue Reading... Category : RBI | Comments : 0 | Hits : 290
-
Posted Date : 17-May-2011 , 09:16:33 pm | Posted By CASANSAAR
Comptroller and Auditor General of India (CAG) has expressed concern over a huge build-up of tax arrears due to a poor recovery mechanism and lack of staff in the income tax (I-T) department. According to a latest CAG's audit finding report, which is yet to be tabled in Parliament, shows due to lack...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 317
-
Posted Date : 17-May-2011 , 09:14:02 pm | Posted By CASANSAAR
Enthused by a good tax collection in 2010-11 fiscal, India's Central Board of Direct Taxes has fixed its collection target for 2011-12 at Rs.530,000 crore, its chairman said Tuesday. "In 2010-11, we have achieved the budget target of Rs.446,000 crore. We had the original budget target of Rs.430,000 ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 273
-
Posted Date : 17-May-2011 , 11:38:58 am | Posted By CASANSAAR
Telecom regulator Trai may soon get powers to summon persons and penalise operators for violating licence conditions, if the amended Act, which has proposed to give more teeth to the regulator, comes into effect.The Telecom Ministry is looking to give more powers to Trai, which will bring it on par ...
Continue Reading... Category : General | Comments : 0 | Hits : 282
-
Posted Date : 17-May-2011 , 05:30:16 am | Posted By CASANSAAR
Foreign firms operating in the country will have to pay tax at the existing rate of 4.223 per cent on revenue earned under seismic data acquisition and processing contracts, says a tribunal.In a ruling, the Authority of Advanced Rulings (AAR) held that foreign firms would not enjoy any leeway even i...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 498
-
Posted Date : 16-May-2011 , 09:11:00 pm | Posted By CASANSAAR
Buddham Sharanam GachamiOm Mani Padme HumMay Lord Buddha enlighten you on the path of love, peace and truth.Happy Buddha Purnima...
Continue Reading... Category : General | Comments : 1 | Hits : 358
-
Posted Date : 16-May-2011 , 08:58:50 pm | Posted By CASANSAAR
The Supreme Court on Monday castigated the Income Tax Department for its inertia in dealing with telecom companies involved in 2G spectrum allocation scam. The I-T department, however, said that it has issued notices to the companies that have sold their controlling stakes after getting the allotmen...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 312
-
Posted Date : 16-May-2011 , 08:55:39 pm | Posted By CASANSAAR
Sebi has allowed brokers an uninterrupted access to their clients' accounts by seeking one time authorisation, reversing its earlier direction of such a requirement every year. Sebi has agreed to drop the requirement of stock brokers seeking 'running account authorisation' from their clients at leas...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 421
-
Posted Date : 16-May-2011 , 11:02:01 am | Posted By CASANSAAR
The government has signed a USD 150 million loan agreement with the World Bank to push e-governance initiatives by filling in strategic policy gaps."This loan will support critical policy measures within Government's overall e-Governance reform agenda leading to more robust implementation of NeGP, w...
Continue Reading... Category : Finance | Comments : 0 | Hits : 331
-
Posted Date : 16-May-2011 , 11:00:29 am | Posted By CASANSAAR
The Income Tax Department (ITD) today said that it had issued notices to former Sebi chairman C B Bhave to furnish information in support of his return filed for the 2009-10 assessment year.The ITD has also initiated enquiry against two serving members of the Security and Exchange Board of India (Se...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 365
-
Posted Date : 16-May-2011 , 10:58:41 am | Posted By CASANSAAR
Giving relief to 4.71 crore subscribers of EPFO, the government has allowed tax exemption on the 9.5 per cent interest income on PF deposits for 2010-11.The Finance Ministry notification last week raises the income tax exemption to 9.5 per cent interest income from 8.5 per cent.The decision clears t...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 418
-
Posted Date : 15-May-2011 , 09:01:34 pm | Posted By CASANSAAR
Skoda India has agreed before the Supreme Court to pay within four weeks Rs 30 crore to the Customs Department as pre-deposit money for initiating adjudication before the tax tribunal where it has challenged the imposition of duty of Rs 194 crore. A bench comprising justices D K Jain and H L Dattu a...
Continue Reading... Category : Custom | Comments : 0 | Hits : 511
-
Posted Date : 15-May-2011 , 08:56:12 pm | Posted By CASANSAAR
Finance minister Pranab Mukherjee on Sunday said the Empowered Group of Ministers headed by him would decide on the price hike of diesel, LPG and kerosene when it meets next week. "A decision will be taken on raising prices of these items when the EGoM meets next week," Mukherjee told reporters here...
Continue Reading... Category : General | Comments : 0 | Hits : 323
-
Posted Date : 15-May-2011 , 11:19:16 am | Posted By CASANSAAR
A panel set up by Sebi to boost mutual fund investments through distributors is considering a new incentive model, wherein investors could be asked to pay a service fee and commissions would be borne by fund houses.The proposals also involve a single-cheque payment for the combined amount of the agr...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 330
-
Posted Date : 15-May-2011 , 11:17:28 am | Posted By CASANSAAR
Capital market regulator Securities and Exchange Board of India (SEBI) has proposed to put in place a business intelligence gathering mechanism with an aim to enhance its surveillance and protect investors' interest."Surveillance is a vital link in the chain of activities performed by the regulator ...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 282
-
Posted Date : 14-May-2011 , 09:26:26 am | Posted By CASANSAAR
In the steepest hike ever, state- owned oil companies today increased petrol price by about Rs 5 per litre with effect from midnight tonight.The increase in petrol price, which the oil firms had been holding since January even though crude oil had touched a two-and-a-half-year high, came a day after...
Continue Reading... Category : General | Comments : 3 | Hits : 438
-
Posted Date : 13-May-2011 , 09:16:04 pm | Posted By CASANSAAR
India today signed a Double Taxation Avoidance Agreement (DTAA) with the Republic of Colombia for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income. The Agreement was signed by Shri Sudhir Chandra, Chairman, Central Board of Direct Taxes on beh...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 324
-
Posted Date : 13-May-2011 , 11:11:14 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has issued a corrigendum after noticing some errata on the circular issued on March 31st, 2011 regarding the filing of Balance Sheet and Profit & Loss Account in extensible Business reporting language (XBRL) mode. Accordingly, the circular No. 9/2011 has been re...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 410
-
Posted Date : 13-May-2011 , 11:10:02 am | Posted By CASANSAAR
Haryana Governor Jagnnath Pahadia today urged the officers of Indian Revenue Service (IRS) to curb the menace of hoarding and pilferage of taxes, according to an official release.The Governor was speaking at a function to give away completion certificates of the On-the-Job-Training Course to the 64t...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 350
-
Posted Date : 13-May-2011 , 10:57:47 am | Posted By CASANSAAR
Assembly Elections West Bengal Tamil Nadu Party Lead Won AITC + INC 2 223 Left Front 1 60 Others 0 8 Party Lead Won DMK 3 27 AIADMK 16 187 Others 1 1 Kerala ...
Continue Reading... Category : General | Comments : 0 | Hits : 299
-
Posted Date : 12-May-2011 , 09:34:49 pm | Posted By CASANSAAR
Government today said it expected Rs 800-1000 crore to be recovered from liquidation of the assets of late stock broker Harshad Mehta who was convicted in the stock market scam of 1990s.The amount will be used to meet a large portion of the liability of the stock broker towards taxes and banks."With...
Continue Reading... Category : General | Comments : 0 | Hits : 374
-
Posted Date : 12-May-2011 , 09:29:29 pm | Posted By CASANSAAR
Union Minister for Corporate Affairs Shri Murli Deora has desired that concerted action to be taken to expedite the process of liquidation of companies which is currently taking inordinately long. In the conference of Official Liquidators organised by the Ministry recently to discuss ways for expedi...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 394
-
Posted Date : 12-May-2011 , 09:22:18 pm | Posted By CASANSAAR
The Supreme Court asked the Security and Exchange Board of India to proceed with its probe into Sahara group’s OFCD scheme. The apex court said that it will wait for the market regulator to come up with its findings while observing that it does not want investors to feel “cheated” ...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 354
-
Posted Date : 12-May-2011 , 07:24:46 am | Posted By CASANSAAR
ANNOUNCEMENT Transfer/Termination of Articleship[Regulation 56(1)] As informed earlier vide announcement dated 2nd July 2010, ICAI is allowing the articled assistants to seek transfer/termination of articleship only on permissible grounds and the articled assistants are advised to get the conse...
Continue Reading... Category : Students Zone | Comments : 4 | Hits : 3256
-
Posted Date : 12-May-2011 , 06:49:13 am | Posted By CASANSAAR
The Income Tax department today said that transfer pricing cases, which have revenue implications for the exchequer, will be scrutinised by the government auditor CAG."Transfer pricing cases will now be subject to audit by the Comptroller and Auditor General (CAG) of India," Director General of I...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 646
-
Posted Date : 11-May-2011 , 09:03:33 pm | Posted By CASANSAAR
The commission, which wants all such transactions to be done through cheques and demand drafts and audited by those in the CAG list, will take up the matter with all the political parties soon, sources said. “There should be complete transparency in political funding. Payment sh...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 358
-
Posted Date : 11-May-2011 , 08:58:59 pm | Posted By CASANSAAR
The government has collected an "unprecedented" Rs 7.90 lakh crore in taxes in 2010-11 while refunds worth Rs 74,000 crore have been issued during the fiscal, Finance Minister Pranab Mukherjee said today. "There has been an unprecedented collection of tax revenues in the financial year 2010...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 262
-
Posted Date : 11-May-2011 , 08:54:59 pm | Posted By CASANSAAR
Tightening its regulations over the operations of foreign banks in the country, the Reserve Bank of India (RBI) has asked their chief executive officers (CEO) to monitor the compliance system. It is observed that operations of foreign banks functioning in India as branches of the pa...
Continue Reading... Category : RBI | Comments : 0 | Hits : 339
-
Posted Date : 11-May-2011 , 10:42:19 am | Posted By CASANSAAR
State Bank of India (SBI) will introduce "green-channel banking" at more of its branches to promote paperless work and to facilitate faster transactions for customers, SBI sources said.All major transactions, including withdrawals, deposits and remittances up to Rs 40,000, will be made through green...
Continue Reading... Category : Banking | Comments : 0 | Hits : 504
- 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
