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Posted Date : 13-Feb-2020 , 08:45:11 am | Posted By CASANSAAR
The Income-Tax Department will share all taxpayers’ data, such as PAN information, with the Securities and Exchange Board of India (SEBI) in order to help the capital market regulator in its probe against various entities, including those involved in ‘stock market manipulation’, an...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 292
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Posted Date : 13-Feb-2020 , 08:41:12 am | Posted By CASANSAAR
The government has discovered a new revenue stream to make up for the shortfall in GST collection and is looking to collect Rs.46,000 crore as interest on late payment of tax. Tax experts disputed the number saying government had promised to hand-hold the taxpayers at the time of migration to the...
Continue Reading... Category : GST | Comments : 0 | Hits : 755
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Posted Date : 13-Feb-2020 , 08:32:03 am | Posted By CASANSAAR
New President & Vice-President of ICAI The Institute of Chartered Accountants of India (ICAI) elected its new President & Vice-President for the term 2020-2021. CA. Atul Kumar Gupta has been elected as the President, ICAI and CA. Nihar Niranjan Jambusaria has ...
Continue Reading... Category : ICAI | Comments : 1 | Hits : 414
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Posted Date : 12-Feb-2020 , 06:05:27 pm | Posted By CASANSAAR
CBDT will hold a nationwide review of cases pending at the ITAT and high courts level on Wednesday as part of a proposed scheme announced in the budget to settle disputed tax cases between the I-T Department and taxpayer, officials said. Meanwhile, the Union Cabinet also approved changes in the '...
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Posted Date : 12-Feb-2020 , 06:02:07 pm | Posted By CASANSAAR
The Union Cabinet on Wednesday approved changes in the 'Direct Tax Vivad se Vishwas Bill, 2020' with a view to increase its scope to cover litigation pending in various debt recovery tribunals (DRTs).The Bill was introduced in the Lok Sabha earlier this month with the aim of reducing litigat...
Continue Reading... Category : General | Comments : 0 | Hits : 514
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Posted Date : 12-Feb-2020 , 07:26:27 am | Posted By CASANSAAR
In a relief to realty players, the National Company Law Appellate Tribunal (NCLAT) has held that any insolvency process initiated by a flat buyer or financial institution would be limited to the project concerned only and not impact other projects of developers. A NCLAT bench headed by Chairman J...
Continue Reading... Category : Insolvent Professional | Comments : 0 | Hits : 476
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Posted Date : 12-Feb-2020 , 07:19:23 am | Posted By CASANSAAR
Income Tax department has issued notices in 422 cases involving undisclosed foreign assets and income of over Rs 12,600 crore till December 31, 2019, minister of state for finance Anurag Thakur said in a written reply in Rajya Sabha, Tuesday, on the concerted efforts taken by the government to recov...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 557
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Posted Date : 11-Feb-2020 , 06:22:37 pm | Posted By CASANSAAR
To identify cases of fraudulent claims under Goods & Services Tax (GST), the Government of India has taken measures to apply stringent risk parameters-based checks driven by rigorous data analytics and Artificial Intelligence (AI) tools based on which certain taxpayers are taken up for further v...
Continue Reading... Category : GST | Comments : 0 | Hits : 529
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Posted Date : 11-Feb-2020 , 10:15:50 am | Posted By CASANSAAR
The Reserve Bank of India has said that the special lending window with Cash Reserve Ratio exemption will be open from 14th of February and incremental loans disbursed under this facility will have CRR exemption for the next five years. The central bank circular issued in Mumbai yesterday said th...
Continue Reading... Category : RBI | Comments : 0 | Hits : 461
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Posted Date : 11-Feb-2020 , 09:52:11 am | Posted By CASANSAAR
Canada continued its immigration record-setting pace by welcoming 341,000 newcomers in 2019. This is only the fifth time in its history that it has welcomed more than 300,000 immigrants in one year (the other times were 1911-1913 and 2018). Canada also exceeded the target it set in its 2019-202...
Continue Reading... Category : International Business | Comments : 0 | Hits : 576
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Posted Date : 11-Feb-2020 , 09:46:22 am | Posted By CASANSAAR
Benami Transaction - What are Benami Transaction and its exceptions / exclusions under The Prohibition of Benami Property Transactions Act, explained by Adv.(CA) Ashwani Taneja, EX Member - ITAT. Watch this Video. https://youtu.be/bnBfBUieZBc...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 445
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Posted Date : 11-Feb-2020 , 09:44:39 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Monday published draft framework for authorisation of a new pan India umbrella organization for retail payment systems. The central bank has invited comments on the draft framework from all stakeholders by February 25. At present, National Payments Corporatio...
Continue Reading... Category : RBI | Comments : 0 | Hits : 249
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Posted Date : 11-Feb-2020 , 09:40:08 am | Posted By CASANSAAR
The Supreme Court on Monday directed the Central Government to resolve the technical glitches in the online filing of returns of Goods and Services Tax. A bench comprising Justices Rohinton Fali Nariman and S Ravindra Bhat passed the direction while allowing the Centre's application for stayi...
Continue Reading... Category : GST | Comments : 0 | Hits : 701
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Posted Date : 10-Feb-2020 , 10:25:11 am | Posted By CASANSAAR
GST on Notice Pay Recovery explained by CA. Bhavesh Mittal. Watch this Video,,,, https://youtu.be/XMcm1wy0qn8...
Continue Reading... Category : GST | Comments : 0 | Hits : 794
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Posted Date : 10-Feb-2020 , 10:22:13 am | Posted By CASANSAAR
The government has sought opinion on restricting the number of audits by an audit firm and its partners following concerns in a number of cases. Some of the proposals could have a major impact on the Big Four. The Ministry of Corporate Affairs (MCA) has put out a paper seeking suggestions on issu...
Continue Reading... Category : MCA | Comments : 0 | Hits : 904
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Posted Date : 10-Feb-2020 , 10:18:18 am | Posted By CASANSAAR
The government is likely to notify the merger of 10 public sector banks to create four big lenders later this week, as they have completed the groundwork for the same, two people familiar with the development said. After it is notified, the respective bank boards will meet to give their customary...
Continue Reading... Category : Banking | Comments : 0 | Hits : 646
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Posted Date : 10-Feb-2020 , 10:16:04 am | Posted By CASANSAAR
The Goods and Services Tax Network (GSTN) has announced setting up of a consultative committee to suggest ways to improve the functioning of its info-tech system. The Committee will provide feedback and suggestions on new functionalities in the GST system and adoption of new IT tools. Members wil...
Continue Reading... Category : GST | Comments : 0 | Hits : 477
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Posted Date : 10-Feb-2020 , 10:09:23 am | Posted By CASANSAAR
Union Finance Minister Nirmala Sitharaman has said that GST collection all through the country for the last three months amounted to more than a lakh crore rupees each month. Speaking to reporters in Chennai today, she told that no state was sidelined when it came to sharing of revenue from...
Continue Reading... Category : GST | Comments : 0 | Hits : 228
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Posted Date : 10-Feb-2020 , 10:05:15 am | Posted By CASANSAAR
This facility is being extended to Active Members who do not have Username and Password on the SSP Portal. We urge you to create your credentials on the new platform for better and authenticated services. Note : Please Enter your Proprietor / Individual GSTN Only Please "CLICK HER...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 394
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Posted Date : 08-Feb-2020 , 03:50:54 pm | Posted By CASANSAAR
CBIC vide Order No. 01/2020–GST dated 07.02.2020, extends the time limit for submitting Tran 01 till 31.03.2020 for registered person who could not submit the form due to technical difficulties Watch this Video... https://youtu.be/FUdm8neYCvw ...
Continue Reading... Category : GST | Comments : 0 | Hits : 516
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Posted Date : 07-Feb-2020 , 10:24:05 am | Posted By CASANSAAR
SLP has been Filed before Supreme Court of India against the order of Rajasthan HC regarding acceptance of GSTR-9 and GSTR-9C without late fees till February 12, in the matter of Tax Bar Association Vs UOI. The Jodhpur bench of the Rajasthan High Court has directed the Revenue department to ...
Continue Reading... Category : GST | Comments : 0 | Hits : 1101
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Posted Date : 07-Feb-2020 , 10:00:01 am | Posted By CASANSAAR
Selection of Auditors - Policy of Empanelment of CA Firms explained by CA. Bhawna Dawar. Watch this video. https://youtu.be/bFze1O1CbsQ...
Continue Reading... Category : CAG | Comments : 0 | Hits : 2527
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Posted Date : 07-Feb-2020 , 09:54:08 am | Posted By CASANSAAR
The government is likely to introduce pre-filled Income-Tax Return (ITR) forms for taxpayers with data on their capital gains from mutual funds, shares, dividend income and interest received from banks. Worth mentioning here is that the government has already introduced amendments to the Income Tax ...
Continue Reading... Category : ITR | Comments : 0 | Hits : 359
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Posted Date : 07-Feb-2020 , 09:48:46 am | Posted By CASANSAAR
In a bid to accelerate clearance of cheques, the Reserve Bank of India (RBI) on Thursday said it has decided to implement a cheque truncation system (CTS) across the country by September this year. RBI introduced this system in 2010. At present, it is operational in some major cities. "...
Continue Reading... Category : RBI | Comments : 0 | Hits : 311
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Posted Date : 06-Feb-2020 , 08:57:16 pm | Posted By CASANSAAR
The Income-Tax Department has launched an e-calculator for individuals to estimate their tax liability if they opt for the new tax slabs, without claiming deductions and exemptions, for ITR filing as announced in the recent Budget, officials said on Thursday. The calculator, with a comparative ta...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 884
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Posted Date : 06-Feb-2020 , 08:54:38 pm | Posted By CASANSAAR
RBI Governor Shaktikanta Das today said that the Monetary Policy Committee’s decision to maintain status quo on policy rates for the second time in a row, must not be viewed as a pointer for future action. Addressing the post-policy press conference in Mumbai today, Mr. Das said even though...
Continue Reading... Category : RBI | Comments : 0 | Hits : 160
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Posted Date : 06-Feb-2020 , 12:34:54 pm | Posted By CASANSAAR
(Source - Financial Express)...
Continue Reading... Category : CA | Comments : 0 | Hits : 3741
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Posted Date : 06-Feb-2020 , 12:33:35 pm | Posted By CASANSAAR
(Source - IANS,Business Standard)...
Continue Reading... Category : Companies Act | Comments : 0 | Hits : 618
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Posted Date : 06-Feb-2020 , 12:27:46 pm | Posted By CASANSAAR
News Source - LiveMint...
Continue Reading... Category : Banking | Comments : 0 | Hits : 1739
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Posted Date : 06-Feb-2020 , 10:08:08 am | Posted By CASANSAAR
The Government of Canada issued 3,500 invitations to apply for Canadian permanent residence to Express Entry candidates in a draw held February 5. The minimum Comprehensive Ranking System (CRS) score in this latest invitation round was 472, an increase of one point over the previous draw held Jan...
Continue Reading... Category : International Business | Comments : 0 | Hits : 347
- 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
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