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Posted Date : 05-Apr-2020 , 09:15:21 am | Posted By CASANSAAR
Ever since the world came under the vice grip of the coronavirus pandemic, work from home has become the norm. Professionals have had to rely on tools and apps that make work from home smoother and of all these apps, Zoom is the one that has become a household name. So much so that Zoom has become t...
Continue Reading... Category : General | Comments : 0 | Hits : 214
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Posted Date : 04-Apr-2020 , 11:16:47 am | Posted By CASANSAAR
Let's use this quarantine to learn about Recent Judicial Pronouncements and AAR under GST discussed by CA.Bhavesh Mittal. https://youtu.be/fICOGd7kZjc *Dont forget to Like the Video and Subscribe CA Sansaar YouTube Channel* Stay Home, Stay Safe, Stay Updated. (We Care for Y...
Continue Reading... Category : GST | Comments : 0 | Hits : 686
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Posted Date : 04-Apr-2020 , 11:16:37 am | Posted By CASANSAAR
The ministry of corporate affairs will take a leaf out of the Income Tax department’s book to offer faceless adjudication of specified company law offences to enable social distancing as well as eliminate bureaucratic discretion. The ministry will upgrade its online services to companies of...
Continue Reading... Category : MCA | Comments : 0 | Hits : 296
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Posted Date : 04-Apr-2020 , 11:05:10 am | Posted By CASANSAAR
he Supreme Court on Friday quashed a notice sent by the income tax (I-T) department to media company NDTV, which sought a re-assessment of the company’s income for the 2006-2007 financial year. The apex court dismissed the notice – which had alleged round-tripping of money by the news...
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Posted Date : 04-Apr-2020 , 10:55:55 am | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) on Friday allowed businesses to import and export goods without furnishing bonds to the customs authorities till the end of the month, a move aimed at facilitating trade during the lockdown due to the COVID-19 pandemic. In a circular, the CBI...
Continue Reading... Category : Custom | Comments : 0 | Hits : 380
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Posted Date : 03-Apr-2020 , 08:36:02 am | Posted By CASANSAAR
In a major relief for 23 crore individual vehicle owners and 40 crore citizens, who benefit from a private or state health insurance scheme, the ministry of finance has amended the law and extended validity of insurance papers till April 21, 2020. In a gazette notification, the ministry of financ...
Continue Reading... Category : Finance | Comments : 0 | Hits : 1053
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Posted Date : 03-Apr-2020 , 08:27:50 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has denied a request from banks to put a stay on the asset classification norms, according to a report by The Economic Times. The central bank's instruction could hurt companies hoping to avoid being labelled as defaulters amid the coronavirus outbreak. Comp...
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Posted Date : 02-Apr-2020 , 05:13:03 pm | Posted By CASANSAAR
Let's use this quarantine to learn. If you know nothing about IndAs / IFRS and willing to take the first giant step. Let's help you in it. Watch this Video. https://youtu.be/5pR806CtkSc Dont forget to Like the Video and Subscribe CA Sa...
Continue Reading... Category : Accounts | Comments : 0 | Hits : 682
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Posted Date : 02-Apr-2020 , 12:05:21 pm | Posted By CASANSAAR
Goods and services tax collections for March, 2020 stood at Rs. 97,597 crore, lower than Rs. 1.05 lakh crore collected in February, 2020. Until February, GST collections crossed Rs. 1 lakh crore for four consecutive months. Of the total Rs. 97,597 crore, central GST stood at Rs.19,183 crore, stat...
Continue Reading... Category : GST | Comments : 0 | Hits : 234
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Posted Date : 02-Apr-2020 , 11:49:54 am | Posted By CASANSAAR
1. Extension of realisation period of export proceeds Presently value of the goods or software exports made by the exporters is required to be realized fully and repatriated to the country within a period of 9 months from the date of exports. In view of the disruption caused by the COVID-19 pan...
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Posted Date : 02-Apr-2020 , 11:21:00 am | Posted By CASANSAAR
Provides six-month window for firms to become ‘ACTIVE Compliant’ Close on the heels of introducing a ‘fresh start scheme’, the Ministry of Corporate Affairs (MCA) has given a one-time opportunity for ‘ACTIVE non-compliant’ companies to become compliant without ...
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Posted Date : 01-Apr-2020 , 12:41:43 pm | Posted By CASANSAAR
Whether Chartered Accountant can Certify Income Tax Return (ITR) as Certified True Copy? FaQ of ICAI discussed by CA.Vivek Khurana. Watch This Video,,,, https://youtu.be/TbJ835kf0FI ...
Continue Reading... Category : Chartered Accountant | Comments : 0 | Hits : 4914
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Posted Date : 01-Apr-2020 , 11:56:21 am | Posted By CASANSAAR
As the date for claiming deduction under section 80G of the IT Act has been extended up to June 30, the donation made up to that date will also be eligible for deduction from income of FY 2019-20. Anyone contributing to PM CARES Fund (Prime Minister’s Citizen Assistance and Relief Emergency...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 2719
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Posted Date : 01-Apr-2020 , 11:08:05 am | Posted By CASANSAAR
In order to give effect to the announcements made by the Union Finance Minister vide Press Release dated 24.03.2020, regarding several relief measures relating to statutory and regulatory compliance matters across sectors in view of COVID-19 outbreak, the govt has brought in an Ordinance o...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 813
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Posted Date : 31-Mar-2020 , 10:15:58 am | Posted By CASANSAAR
In pursuance of the Government of India’s efforts to provide relief to law abiding companies and Limited Liability Partnerships (LLPs) in the wake of COVID 19, the Ministry of Corporate Affairs, has introduced the “Companies Fresh Start Scheme, 2020” and revised the “LLP Sett...
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Posted Date : 31-Mar-2020 , 10:03:38 am | Posted By CASANSAAR
A three-month extension in deadlines for tax payment and filing of returns notwithstanding, the Income-Tax Department has asked field formations to contact large taxpayers over phone or email to follow up on pending collections. Rakesh Gupta, Commissioner of Income Tax (Coordination & Systems), ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1481
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Posted Date : 31-Mar-2020 , 09:39:31 am | Posted By CASANSAAR
Ahead of its merger with the United Bank of India (UBI) and the Oriental Bank of Commerce (OBC) from April 1, Punjab National Bank (PNB) today unveiled a new logo which bears the signages of all the three PSU banks. From the next financial year, PNB will become the second largest lender in India aft...
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Posted Date : 31-Mar-2020 , 09:29:12 am | Posted By CASANSAAR
To address this difficulty faced by the lockdown due to COVID-19, the Insolvency and Bankruptcy Board of India (IBBI) amended the CIRP Regulations to provide that the period of lockdown imposed by the Central Government in the wake of COVID-19 outbreak shall not be counted for the purposes...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 204
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Posted Date : 31-Mar-2020 , 09:27:50 am | Posted By CASANSAAR
There is a fake new circulating in some section of media that the Financial Year has been extended. A notification issued by the Government of India on 30th March 2020 with respect to some other amendments done in the Indian Stamp Act is being misquoted. There is no extension of the Financial Year. ...
Continue Reading... Category : General | Comments : 0 | Hits : 341
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Posted Date : 30-Mar-2020 , 09:20:52 am | Posted By CASANSAAR
Corporates have spent Rs 52,000 crore towards social welfare activities in the last five financial years and now making contributions to the Prime Minister's relief fund will further help them meet their obligations under the companies law, according to a senior government official. As the co...
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Posted Date : 30-Mar-2020 , 09:07:37 am | Posted By CASANSAAR
Lockdown period will not be counted towards the timeline for any activity under the corporate insolvency resolution process. “...the period of lockdown imposed by the Central Government in the wake of COVID19 outbreak shall not be counted for the purposes of the time-line for any acti...
Continue Reading... Category : Insolvent Professional | Comments : 0 | Hits : 341
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Posted Date : 29-Mar-2020 , 10:05:48 am | Posted By CASANSAAR
Prime Minister Narendra Modi has announced the constitution of the PM's Citizen Assistance and Relief in Emergency Situations (PM-CARES) fund. This will be a dedicated national fund with the primary objective of dealing with any kind of emergency or distress situation, like posed by the COVID-19...
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Posted Date : 29-Mar-2020 , 10:05:36 am | Posted By CASANSAAR
Reserve Bank of India on Saturday said it has approved the amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank, Syndicate Bank into Canara Bank, Andhra Bank and Corporation Bank into Union Bank of India and Allahabad Bank into Indian Bank. The scheme will ...
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Posted Date : 29-Mar-2020 , 09:46:51 am | Posted By CASANSAAR
Recent Amendments Under GST Law including Updates on Press Conference of Finance Minister discussed by CA.Bhavesh Mittal. Watch This Video,,, https://youtu.be/8VJca40JN98...
Continue Reading... Category : GST | Comments : 0 | Hits : 723
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Posted Date : 29-Mar-2020 , 09:32:47 am | Posted By CASANSAAR
India’s direct taxes body has clarified that defaulters need to settle their tax dues within 15 days from the time the disputed amount is mutually agreed upon, under its dispute settlement mechanism that has now been extended till June 30. Not only that, after they are issued what is known ...
Continue Reading... Category : CBDT | Comments : 0 | Hits : 374
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Posted Date : 28-Mar-2020 , 08:59:24 am | Posted By CASANSAAR
Relief Measures Under IBC announced by Hon.Finance Minister due to COVID-19 Outbreak discussed by CA.Vivek Khurana (Insolvency Professional). Watch this Video,,, https://youtu.be/sAhv8jNO2_E...
Continue Reading... Category : Insolvent Professional | Comments : 0 | Hits : 190
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Posted Date : 28-Mar-2020 , 08:39:51 am | Posted By CASANSAAR
Finance Act, 2020 The Finance Bill, 2020, after being passed by Lok Sabha & Rajya Sabha respectively; has received the assent of the President of India on 27th March, 2020. With this, Finance Bill, 2020 has now become Finance Act, 2020. CLICK HERE TO DOWNLOA FINANCE ACT, 2020...
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Posted Date : 28-Mar-2020 , 08:27:13 am | Posted By CASANSAAR
The government will pay the employee provident fund (EPF) contribution both of the employer and the employee (12 per cent each) for the next three months, Finance Minister Nirmala Sitharaman said on Wednesday. The move will benefit over 4.8 crore employees in the organised sector. The governme...
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Posted Date : 27-Mar-2020 , 08:49:22 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) Governor Shaktikanta Das today announced cut in benchmark interest rate, Repo Rate by 75 basis points to 4.4 per cent to deal with the hardship caused due to the outbreak of COVID-19. The central bank also reduced the Cash Reserve Ratio (CRR) of all banks by 100 ba...
Continue Reading... Category : RBI | Comments : 0 | Hits : 333
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Posted Date : 27-Mar-2020 , 12:46:55 pm | Posted By CASANSAAR
In continuation to the Important Announcement dated 1st January 2020, it is hereby notified for general information that in view of the ongoing spurt of the COVID-19 pandemic and in the interest of the wellbeing of students, the Chartered Accountant Examinations initially scheduled from 2nd May 2020...
Continue Reading... Category : Students Zone | Comments : 0 | Hits : 1116
- 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
