-
Posted Date : 15-Mar-2011 , 11:32:43 am | Posted By CASANSAAR
Advance tax outflows worth Rs 80,000 - 90,000 crore, coupled with year-end pressures to shore up their books, forced banks to borrow up to Rs 94,250 crore from the Reserve Bank of India on the first day after the reporting Friday. Banks are always looking at strengthening their balance sheets during...
Continue Reading... Category : Banking | Comments : 0 | Hits : 446
-
Posted Date : 15-Mar-2011 , 11:31:51 am | Posted By CASANSAAR
Call Center To assist taxpayers a call center with 20 agents provides customer service and support for resolution of taxpayers queries. It provides information and updates on the following: 1. Status of receipt of ITR-V at CPC 2. Processing status of e-filed returns ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 989
-
Posted Date : 15-Mar-2011 , 11:31:16 am | Posted By CASANSAAR
Ministry has reviewed the processes involved in delivery of important services to stakeholders, with a view to identify and improve the components causing delay in disposal of applications. Payment confirmation is found to be a major bottleneck in delivery of services in respect of off...
Continue Reading... Category : Corporate Law | Comments : 1 | Hits : 455
-
Posted Date : 15-Mar-2011 , 11:30:02 am | Posted By CASANSAAR
Finance Minister Pranab Mukherjee today made a slew of announcements, including to bring investments in education and health segments under the infrastructure sector and special grants for women self-help groups and fishermen. Replying to the discussion on the Budget for 2011-12 in ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 335
-
Posted Date : 15-Mar-2011 , 11:28:39 am | Posted By CASANSAAR
Finding it difficult for Punjab to service rising debt liabilities in future, the Comptroller and Auditor General has asked the state government to restrict borrowings and further restrained it from using borrowed funds for paying past debts. CAG has also asked the Punjab government...
Continue Reading... Category : Finance | Comments : 0 | Hits : 348
-
Posted Date : 14-Mar-2011 , 09:37:12 pm | Posted By CASANSAAR
In view of the Election to the West Bengal State Legislative Assembly, Paper-1, `Advanced Accounting’ of Professional Competence Examination and Paper-1, `Accounting’ of Integrated Professional Competence Examination scheduled to be held on Tuesday, the 3rd May, 2011 at Kolkata Zone-I, Z...
Continue Reading... Category : Students Zone | Comments : 0 | Hits : 989
-
Posted Date : 14-Mar-2011 , 09:36:28 pm | Posted By CASANSAAR
The Ministry has got the issue examined by Business Process Re-engineering Group under MCA-21 and in order to speed up and simplify the process of incorporation of Companies and establishment of principal place of business in India by Foreign Companies for reduction in time taken by Registrar of Com...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 359
-
Posted Date : 14-Mar-2011 , 09:36:09 pm | Posted By CASANSAAR
The government today said the provision of collateral security for getting loans from banks has been waived for SC/ST as part of measures to grant them easier access to credit. "There is no need for collateral security for these sections for getting bank loans," Finance Mi...
Continue Reading... Category : Finance | Comments : 0 | Hits : 377
-
Posted Date : 14-Mar-2011 , 09:35:01 pm | Posted By CASANSAAR
The Ministry has got the issue examined by Business Process Re-engineering Group under MCA-21 and in order to speed up and simplify the process of incorporation of Companies and establishment of principal place of business in India by Foreign Companies for reduction in time taken by Registrar of Com...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 351
-
Posted Date : 14-Mar-2011 , 09:34:29 pm | Posted By CASANSAAR
The Securities Appellate Tribunal today adjourned the hearing in the PriceWaterhouseCoopers-Sebi case to March 15, a company official said. The matter came before SAT yesterday. The case relates to the multi-crore rupee Satyam accounting scam wherein...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 424
-
Posted Date : 14-Mar-2011 , 09:33:48 pm | Posted By CASANSAAR
An estimated Rs 1,360 crore is lying unclaimed dein foreign and national banks in India. Data provided by RBI in response to Right to Information queries said that the apex bank had asked banks to redouble their efforts in tracking down customers and their legal heirs. Records revea...
Continue Reading... Category : Banking | Comments : 0 | Hits : 378
-
Posted Date : 14-Mar-2011 , 09:33:14 pm | Posted By CASANSAAR
Net direct tax collections during the period April-February 2011 stood at Rs.3,36,177 crore, up from Rs.2,78,411 crore in the same period during last fiscal, The collections thereby registered a growth of 20.75 percent. Growth in Corporate Income Tax during this period was 24.01 per...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 343
-
Posted Date : 14-Mar-2011 , 09:32:48 pm | Posted By CASANSAAR
The government today said it would come out with the guidelines on independent directors to improve the quality of representation on the boards of the state-run companies. Heavy Industries and Public Sector Enterprises Minister Praful Patel said the quality of independent directors ...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 408
-
Posted Date : 14-Mar-2011 , 09:32:17 pm | Posted By CASANSAAR
All companies will have to reserve at least one seat in a board of directors for women candidates if the board comprises five or more independent directors. The government would make the presence of women directors in a board mandatory by including a provision in the propo...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 391
-
Posted Date : 14-Mar-2011 , 09:31:49 pm | Posted By CASANSAAR
Furnishing of income tax returns has been made mandatory for all candidates entering the poll fray and details of inherited property will also have to be provided under a new nomination affidavit brought out by the Election Commission (EC). Candidates will now have to fill...
Continue Reading... Category : General | Comments : 0 | Hits : 370
-
Posted Date : 14-Mar-2011 , 09:31:00 pm | Posted By CASANSAAR
Suspecting the use of black money to finance deals in the country's booming real estate sector, the Income Tax Department is keeping close tabs on the sources of funding for developers' lucrative projects. "The focus of the Income Tax Department is real estate developer...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 392
-
Posted Date : 14-Mar-2011 , 09:30:25 pm | Posted By CASANSAAR
The quantum of money locked up in income tax disputes decreased in 2010 as compared to the previous year despite increase in number of cases, Parliament was informed today. The amount stuck in I-T cases actually declined to Rs 2,42,377 crore as on December 31, 2010 as compared to Rs...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 381
-
Posted Date : 14-Mar-2011 , 09:29:58 pm | Posted By CASANSAAR
The Reserve Bank of India may further tighten the regulatory screws on non-banking finance companies. The reason: it appears that the stiff regulation for banks has increased the incentive for exploiting regulatory arbitrage by moving business to NBFCs. The central bank is...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 494
-
Posted Date : 14-Mar-2011 , 09:29:24 pm | Posted By CASANSAAR
The Delhi High Court Monday directed the Comptroller and Auditor General (CAG) to submit its audit report on 25 elite private schools that had complained of facing a financial burden because of having to pay teachers higher salaries recommended by the 6th Pay Commission. J...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 789
-
Posted Date : 14-Mar-2011 , 09:28:52 pm | Posted By CASANSAAR
Insurance Regulatory and Development Authority, or Irda, plans to permit insurers to trade in equity futures and options contracts , which will help the companies protect returns from equity-linked products against sharp stock market declines. "The rules will be shaped to allow...
Continue Reading... Category : Finance | Comments : 0 | Hits : 391
-
Posted Date : 14-Mar-2011 , 09:28:11 pm | Posted By CASANSAAR
Accounting regulator ICAI has formed an advisory committee of chartered accountants to help corporates identify social sector projects on which they would be required to spend two% of their net profit. The Public Advisory Committee, of the Institute of Chartered Accountant...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 455
-
Posted Date : 14-Mar-2011 , 09:27:35 pm | Posted By CASANSAAR
The Institute entered into an MOU with United Stock Exchange of India Ltd.on March 07, 2011United Stock Exchange of India Limited (USE) is India’s newest stock exchange and has been promoted by 21 Indian public sector banks, private banks and corporate houses. The areas of collaboratio...
Continue Reading... Category : ICSI | Comments : 0 | Hits : 452
-
Posted Date : 14-Mar-2011 , 09:26:41 pm | Posted By CASANSAAR
Ministry’s has re-examined the process of allotment of Directors Identification Number (DIN) to be obtained u/s 266B of the Companies Act, 1956. The present process is cumbersome and time consuming. Representations have been received in the Ministry that the documents required to be submitted ...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 429
-
Posted Date : 14-Mar-2011 , 09:25:49 pm | Posted By CASANSAAR
Entrusted with the task of improving the social audit process in MGNREGA following reports of malpractices and corruption, the Comptroller and Auditor General has recommended to the states to set up directorates to train auditors from civil society. The audit watchdog has recommende...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 558
-
Posted Date : 14-Mar-2011 , 09:25:08 pm | Posted By CASANSAAR
Concerned over worsening political turmoil in the Middle-East and the impact of rising global crude prices on the domestic economy, the Finance Ministry has suggested the Reserve Bank to focus on steps to contain inflation. An indication to this effect was given by Finance Minister ...
Continue Reading... Category : Finance | Comments : 0 | Hits : 415
-
Posted Date : 14-Mar-2011 , 09:24:16 pm | Posted By CASANSAAR
The government today said it will get a new study conducted on black money stashed by Indians within and outside the country by July next year. The government has decided to get a fresh study conducted on unaccounted income and wealth, both inside and outside the country, unravellin...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 394
-
Posted Date : 14-Mar-2011 , 09:23:46 pm | Posted By CASANSAAR
Describing the committed taxpayers as “engines of economy”, Finance Minister Pranab Mukherjee today exhorted the young IRS probationers to treat them as their clients and not as adversaries. “The assessee is no longer considered an adversary, committed ta...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 437
-
Posted Date : 14-Mar-2011 , 12:30:29 pm | Posted By CASANSAAR
The government today said it may not be possible to roll out the Goods and Services Tax (GST) from April next year, as the proposal needs consent from all the states. "...the (GST) legislation cannot be voted upon until the ratification is completed...there may be problem ...
Continue Reading... Category : GST | Comments : 0 | Hits : 454
-
Posted Date : 14-Mar-2011 , 12:28:47 pm | Posted By CASANSAAR
The government has deferred the implementation of international financial reporting standards , acknowledging industry demand to extend the April 1 deadline to remove ambiguities on taxation issues. The decision has come as a relief for over 300 large companies, which were to submit their financials...
Continue Reading... Category : IFRS | Comments : 0 | Hits : 782
-
Posted Date : 14-Mar-2011 , 12:27:55 pm | Posted By CASANSAAR
Reserve Bank executive director G Gopalakrishna, speaking to reporters on the sidelines of a banking technology conference here, further said the banks will have to implement the facility of "second factor verification" at merchant establishments and ATMs shortly. &qu...
Continue Reading... Category : RBI | Comments : 0 | Hits : 467
- 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
