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Posted Date : 27-Mar-2020 , 11:07:05 am | Posted By CASANSAAR
Reserve Bank of India (RBI) governor Shaktikanta Das March 27 announced a massive 75 basis points cut in repo rates as a measure to counter the economic slowdown caused by the COVID-19 pandemic. Repo rate cut by 75 bps to 4.4%, CRR by 100 bps to 3%, banks allowed 3-month moratorium on all loans: ...
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Posted Date : 27-Mar-2020 , 10:45:01 am | Posted By CASANSAAR
ASB & AASB of ICAI have released *Impact of Corona Virus on Financial Reporting and the Auditors Consideration* The advisory has been prepared for: 1. Entities to whom Ind AS is applicable and 2. Entities to whom AS is applicable, viz, a. Companies to whom Companies, Ac...
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Posted Date : 27-Mar-2020 , 10:33:02 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) on Thursday further relaxed compliance norms for companies and said top 100 companies by market capitalisation can hold their annual general meetings (AGMs) a month later than the usual stipulated August 31. The relaxation comes in the wake of the...
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Posted Date : 27-Mar-2020 , 10:24:59 am | Posted By CASANSAAR
Insurance cover of Rs 50 Lakh per health worker fighting COVID-19 to be provided under Insurance Scheme 80 crore poor people will to get 5 kg wheat or rice and 1 kg of preferred pulses for free every month for the next three months 20 crore women Jan Dhan account holders to get Rs 500 per month ...
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Posted Date : 26-Mar-2020 , 11:06:47 am | Posted By CASANSAAR
Benami Law and its interplay with other Laws explained by CA (Adv) Ashwani Taneja, Ex Member - ITAT.. Watch this Video, https://youtu.be/bercqZVBj-w...
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Posted Date : 26-Mar-2020 , 11:05:36 am | Posted By CASANSAAR
The Finance Ministry has asked the Reserve Bank of India (RBI) to relax asset classification norms for farm loans extended by banks following the stress faced by the agriculture sector. In a letter addressed to RBI Governor Shaktikanta Das, the Ministry said, “it is requested to consider ma...
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Posted Date : 25-Mar-2020 , 10:16:40 pm | Posted By CASANSAAR
The PM announced that the Centre has tied up with WhatsApp to create a helpdesk for providing credible information on coronavirus. The number is 9013151515. Prime Minister Narendra Modi on March 25 said he was very pained by the misbehaviour of some people against doctors, airlines crew and staff...
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Posted Date : 25-Mar-2020 , 10:29:56 am | Posted By CASANSAAR
May This Navratri be as bright as ever. May this Navratri bring joy, health and wealth to you. May the festival of lights brighten up you and your near and dear ones lives. Happy Vikaram Samavat, Gudi Padwa and Shubh Navratri. JAI MATA DI... Stat Home, Stay Safe, Stay Updated. (We Ca...
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Posted Date : 24-Mar-2020 , 10:19:20 pm | Posted By CASANSAAR
The Union Finance & Corporate Affairs Minister Smt. Niramla Sitharaman today announced several important relief measures taken by the Government of India in view of COVID-19 outbreak, especially on statutory and regulatory compliance matters related to several sectors. While addressing the press...
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Posted Date : 24-Mar-2020 , 10:15:24 pm | Posted By CASANSAAR
Prime Minister Narendra Modi has announced that the entire country will go in complete lockdown from midnight tonight. In his address to the nation this evening, Prime Minister said that this lockdown is in a way of curfew and would be more stringent than Janta curfew. He said in view of the curr...
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Posted Date : 24-Mar-2020 , 04:16:37 pm | Posted By CASANSAAR
Income Tax :- F.Y. 18-19 1. Last date for filing income tax returns for the A.Y. 19-20 will be now 30/06/2020. 2. Interest for delayed payment reduced to 9% only for F.Y.18-19 3. Vivad se Vishwas Scheme has also extended to 30/06/2020 and no 10% additional Charge for now. 4. No extension...
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Posted Date : 24-Mar-2020 , 11:14:51 am | Posted By CASANSAAR
With the number of Covid-19 cases increasing in the country, the Centre has now roped in the private sector to help in the efforts to minimise the spread of Coronavirus. The Corporate Affairs Ministry (MCA) on Monday said that spending of CSR funds for Covid-19 would be treated as eligible CSR ac...
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Posted Date : 24-Mar-2020 , 11:09:09 am | Posted By CASANSAAR
Companies under Insolvency and Bankruptcy process must avail a fresh GST registration within 30 days of a resolution professional being appointed for them. If the resolution professionals have already been appointed, GST registration will have to be availed within a month, the government ha...
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Posted Date : 24-Mar-2020 , 10:49:05 am | Posted By CASANSAAR
Finance minister Nirmala Sitharaman softened the contentious budget proposal to tax non-resident Indians, putting in place a threshold of Rs 15 lakh for the levy of tax on incomes emanating from India, while leaving out global incomes from the tax ambit. Through amendments to the finance bill, sh...
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Posted Date : 24-Mar-2020 , 10:41:00 am | Posted By CASANSAAR
The Supreme Court Monday invoked its plenary powers under Article 142 of the Constitution to extend limitation period of appeals from high courts or tribunals on account of coronavirus (COVID-19) pandemic. A bench of Chief Justice S A Bobde and Justices L N Rao and Surya Kant said the Court has t...
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Posted Date : 24-Mar-2020 , 10:27:49 am | Posted By CASANSAAR
As many as 30 States and Union Territories have announced complete lockdown in view of Covid-19 outbreak. The lockdown covers 548 districts across the country. Partial lockdowns have been imposed in Uttar Pradesh, Madhya Pradesh and Odisha. 17 districts in Uttar Pradesh, 37 districts in Madhya Pr...
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Posted Date : 24-Mar-2020 , 10:21:29 am | Posted By CASANSAAR
Dear Students, We are currently witnessing the impact of COVID 19 Pandemic in India; the exact nature and outreach of which is yet un-folding and this has resulted in public distancing and situation of mass lockdown in some of the States. We at ICAI do understand that the overall environment with...
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Posted Date : 23-Mar-2020 , 08:11:45 pm | Posted By CASANSAAR
The Income Tax Department is "proactively pursuing" with the government extension of the statutory March 31 deadline to complete important tax-related works due to the COVID-19 outbreak, an all-India body of IRS officers said on Monday. It has also urged all I-T department officials to wor...
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Posted Date : 23-Mar-2020 , 07:07:17 pm | Posted By CASANSAAR
Rajya Sabha also passed the Finance Bill 2020. Rajya Sabha adjourned sine die over #covid19 pandemic ...
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Posted Date : 23-Mar-2020 , 04:50:51 pm | Posted By CASANSAAR
Lok Sabha passed the Finance Bill 2020 without discussion on Monday. The Union government said it was an "extraordinary situation", a reference to the coronavirus pandemic, as Finance Minister Nirmala Sitharaman tabled the bill for passage. The House negated amendments moved by Oppos...
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Posted Date : 23-Mar-2020 , 09:10:54 am | Posted By CASANSAAR
Key Audit Matters - KAM for Bank Branch Statutotry Audit as explained by CA.Amarjit Chopra Ji (Past President, ICAI) Watch this Video, Click on the link,,, https://youtu.be/4A33HkVS-Yw...
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Posted Date : 23-Mar-2020 , 09:06:11 am | Posted By CASANSAAR
Even as the day-long nationwide “janata curfew” called for by Prime Minister Narendra Modi drew to a close on Sunday evening, much of India came under a lockdown with most state governments extending total public transport shutdown and other restrictions for varying periods to fight the ...
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Posted Date : 23-Mar-2020 , 08:51:17 am | Posted By CASANSAAR
"All segments at BSE will operate as usual on Monday, 23 March 2020," a BSE spokesperson said. Similarly, all segments of NSE will also operate on Monday. The news puts to rest uncertainty over the continuity of the stock market in light of the lockdown the central government has imp...
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Posted Date : 23-Mar-2020 , 08:37:25 am | Posted By CASANSAAR
With the impact of the coronavirus pandemic being felt across the country, the Indian Banks’ Association (IBA) on Sunday said bank branches will provide only essential services such as cash deposits and withdrawals, clearing of cheques, remittances and government transactions from March 23, 20...
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Posted Date : 21-Mar-2020 , 10:26:23 am | Posted By CASANSAAR
The Government of Canada has released the details of this week’s Express Entry draw, inviting 668 candidates to apply for permanent residence. Invitations were received on March 18, however official details of the draw were released today, March 20. This draw brings the total number of invi...
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Posted Date : 21-Mar-2020 , 10:03:34 am | Posted By CASANSAAR
The Ministry of Corporate Affairs (MCA) plans to soon come up with a simple web-based form for companies and limited liability partnerships (LLPs) to confirm their readiness to deal with the Covid-19 threat. The web form — to be named CAR (Company Affirmation of Readiness towards Covid-19) ...
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Posted Date : 20-Mar-2020 , 09:07:58 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) will inject liquidity of Rs 30,000 crore through open market operations next week to maintain financial stability in the system in the wake of the coronavirus outbreak. The RBI has decided to conduct purchase of government securities under open market operations (O...
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Posted Date : 20-Mar-2020 , 08:59:26 pm | Posted By CASANSAAR
The government has advised companies to implement 'Work from Home' policy for their staff to encourage "social distancing" to curb spreading of coronavirus infections. As part of relaxations in compliance requirements, the corporate affairs ministry has allowed companies t...
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Posted Date : 20-Mar-2020 , 08:07:48 am | Posted By CASANSAAR
All benches of the National Company Law Tribunal (NCLT) will not accept fresh filings till March 27, said a notification on Thursday. "It is observed that all NCLT benches have become crowded filing counters, which may lead to community transmission of COVID-19 therefore, it is decided to cl...
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Posted Date : 20-Mar-2020 , 07:50:19 am | Posted By CASANSAAR
Prime Minister Narendra Modi on Thursday made a fervent appeal to all Indians to stay indoors as much as possible to avoid getting infected by coronavirus, saying the world has never seen a danger as grave as this. He called for 'Janta curfew' on March 22 from 7 am-9 pm, saying no citizen...
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- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
- Bank Branch Audit 2021 - Update on allotment of Branches
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- Bank Branch Statutory Audit Updates 2019
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- 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
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