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Posted Date : 23-Jan-2020 , 10:24:03 am | Posted By CASANSAAR
The Government of Canada issued 3,400 invitations to apply for Canadian Permanent Residence to Express Entry candidates in a draw held January 22. The cut-off Comprehensive Ranking System (CRS) score in today’s draw was 471, a reduction of 2 points over the minimum score in the previous Exp...
Continue Reading... Category : International Business | Comments : 0 | Hits : 1081
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Posted Date : 23-Jan-2020 , 10:13:59 am | Posted By CASANSAAR
The Gujarat high court said that a person’s Income Tax (I-T) permanent account number (PAN) does not become invalid for filing income tax returns and making transactions just because it is not linked to their Aadhaar card. The HC said the government cannot make a PAN inoperative or hold the...
Continue Reading... Category : PAN | Comments : 0 | Hits : 375
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Posted Date : 23-Jan-2020 , 10:10:53 am | Posted By CASANSAAR
The government may adopt a mediation mechanism that will help companies determine their future tax liabilities and even settle disputes, said a person familiar with the development. The concept, which is widely prevalent overseas, is being discussed amid preparations for the February 1 budget, the p...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 256
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Posted Date : 23-Jan-2020 , 10:02:23 am | Posted By CASANSAAR
Nation pays homage to Netaji Subhas Chandra Bose on his 123rd birth anniversary today. A number of functions have been organised across the country to mark the occasion. In West Bengal, Governor Jaghdeep Dhankhar will pay floral tribute at the statue of Netaji in Kolkata. Chief Minister Mamata Ba...
Continue Reading... Category : General | Comments : 0 | Hits : 219
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Posted Date : 22-Jan-2020 , 07:22:16 pm | Posted By CASANSAAR
Considering the difficulties faced by trade and industry in filing of returns, the government has decided to introduce several measures to ease the process. The Finance Ministry today said that now GST taxpayers can file their GSTR-3B returns in a staggered manner. Presently the last date of fili...
Continue Reading... Category : GST | Comments : 0 | Hits : 646
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Posted Date : 22-Jan-2020 , 06:41:34 pm | Posted By CASANSAAR
To help it recover pending dues from defaulters, Sebi has decided to rope in independent agencies for conducting valuation and sale of assets attached by the capital markets watchdog. Inviting bids from the interested parties, Sebi said it has been initiating proceedings against various defaulters f...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 437
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Posted Date : 22-Jan-2020 , 10:39:10 am | Posted By CASANSAAR
Capital Gain on sales of Immovable Property and Judicial Pronouncements explained by CA.Rajat Bajoria. https://youtu.be/vgW3X9eK1_U...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 580
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Posted Date : 22-Jan-2020 , 10:06:39 am | Posted By CASANSAAR
The National Company Law Appellate Tribunal (NCLAT) last week stayed a recent order by the National Company Law Tribunal’s New Delhi Bench, which prohibited appointing a former bank official as independent resolution professional (IRP) of a bankrupt company because of the possibility of &ldquo...
Continue Reading... Category : Insolvent Professional | Comments : 0 | Hits : 629
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Posted Date : 22-Jan-2020 , 10:00:23 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) notified its norms for portfolio managers on Tuesday, doubling the minimum investment amount to be taken from clients to Rs 50 lakh and asking such managers to raise their net worth to Rs 5 crore within three years of notification. Under portfolio...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 493
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Posted Date : 22-Jan-2020 , 09:53:51 am | Posted By CASANSAAR
After the launch of e-assessment facility in October last year, out of 58,322 cases selected for faceless assessment, digitally signed notices were served in 44,285 cases (as on date), as announced by ministry of finance. The e-assessment scheme will usher a paradigm shift in a way tax proc...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1460
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Posted Date : 22-Jan-2020 , 09:48:32 am | Posted By CASANSAAR
Several jewellers have been put under scrutiny by the income tax department in cases of alleged large and disproportionate cash deposits during the demonetisation period (November 9-December 30, 2016). In some cases, some of these jewellers have been found to have deposited nearly 1,000 times as muc...
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Posted Date : 21-Jan-2020 , 01:57:09 pm | Posted By CASANSAAR
The Supreme Court today agreed to list next week the fresh pleas of telecom firms including Bharti Airtel, Vodafone Idea and Tata Teleservices. They are seeking a fresh schedule of payment of statutory dues to the tune of 1.47 lakh crore rupees to the Department of Telecommunication. A bench head...
Continue Reading... Category : General | Comments : 0 | Hits : 266
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Posted Date : 21-Jan-2020 , 08:12:52 am | Posted By CASANSAAR
It is a tradition to have something sweet before any auspicious event in India. The Union budget is no exception. Printing of the budget documents started on Monday, with the finance minister Nirmala Sitharaman attending the customary ‘halwa’ ceremony. As part of the over-70-year-old ...
Continue Reading... Category : Budget | Comments : 0 | Hits : 389
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Posted Date : 21-Jan-2020 , 08:04:48 am | Posted By CASANSAAR
The government on Monday appointed heads of three large public sector banks - Bank of Baroda, Bank of India and Canara bank for a period of three years. The Appointments Committee of the Cabinet (ACC) appointed Sanjiv Chadha as the managing director and chief executive of Bank of Baroda, Lingam V...
Continue Reading... Category : Banking | Comments : 0 | Hits : 620
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Posted Date : 20-Jan-2020 , 02:25:48 pm | Posted By CASANSAAR
The Finance Ministry has said that a loan amount of nearly seventy thousand crore rupees has been disbursed till 13th of this month under the scheme of providing loan to Micro Small and Medium Enterprises - MSMEs within 59 minutes. The Ministry tweeted that out of the 2.73 lakh applications recei...
Continue Reading... Category : Finance | Comments : 0 | Hits : 356
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Posted Date : 20-Jan-2020 , 09:59:15 am | Posted By CASANSAAR
Finance Minister Nirmala Sitharaman has said that the government will act as a facilitator for all stakeholders in achieving the target of five trillion dollar economy. Delivering the Nani Palkhivala Centenary lecture in Chennai, she said the target of India becoming a five trillion-dollar economy i...
Continue Reading... Category : Finance | Comments : 0 | Hits : 383
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Posted Date : 18-Jan-2020 , 09:56:57 am | Posted By CASANSAAR
Online payment facility न देने पर Income Tax Dept. लगाà¤à¤—ा à¤à¤¾à¤°à¥€ जà¥à¤°à¥à¤®à¤¾à¤¨à¤¾!!! Prescribed Payment mode under Section 269SU of Income Tax Act, 1961 explained by CA.Pooja G...
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Posted Date : 18-Jan-2020 , 09:49:45 am | Posted By CASANSAAR
A liquidator will have to deposit unclaimed dividends and undistributed proceeds in a separate account before seeking dissolution of a corporate debtor under the voluntary liquidation process, according to the IBBI. The Insolvency and Bankruptcy Board of India (IBBI) has notified changes to the volu...
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Posted Date : 18-Jan-2020 , 09:41:07 am | Posted By CASANSAAR
Markets regulator Sebi on Friday came out with a disclosure format for listed companies which have issued debt securities, under which they need to disclose on half-yearly basis about deviation in the use of proceeds from the objects stated in the offer documents. The first such submission should...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 554
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Posted Date : 17-Jan-2020 , 09:14:49 am | Posted By CASANSAAR
A man from Bhind district in Madhya Pradesh, who currently works in a BPO firm in Punjab, has said that he got the shock of his life when he received an Income Tax Department notice, asking him to pay Rs 3.49 crore penalty for the alleged transactions of Rs 132 crore done in 2011-12. Ravi Gupta, ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1001
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Posted Date : 16-Jan-2020 , 05:32:20 pm | Posted By CASANSAAR
CA Final New Course Pass Percentage Nov 2019 Candidates Applied for Appeared Passed Pass % Group – I only 27861 4830 17.34 Group –II only 26972 7593 28.15 Both Groups 15003 ...
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Posted Date : 15-Jan-2020 , 10:41:54 pm | Posted By CASANSAAR
As over the years, the volume and value of transactions made through cards have increased manifold, the Reserve Bank of India on Wednesday issued new rules for credit and debit cards to improve user convenience and increase the security of card transactions. RBI asks banks to allow only domestic ...
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Posted Date : 15-Jan-2020 , 10:30:02 pm | Posted By CASANSAAR
Revenue Department using its data analytics has discovered a fraud in GST refunds with as many as 1,200 exporters, who have have claimed Rs 350 crore refunds, are now untraceable. The department has reasons to consider that nefarious elements among the customs broker community may be connected wi...
Continue Reading... Category : GST | Comments : 0 | Hits : 1389
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Posted Date : 15-Jan-2020 , 09:12:59 am | Posted By CASANSAAR
Delhi High Court Decision on Communication or NOC from Previous Auditor explained by CA.(Adv) S.S.Sharma. Watch this Video. https://youtu.be/p5msbZ_RZuI Dont Forget to Like the video and SUBSCRIBE CA Sansaar YouTube Channel...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 2984
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Posted Date : 15-Jan-2020 , 09:04:48 am | Posted By CASANSAAR
The government is likely to make fraudulent claims for input tax credit a non-bailable offence in the hands of recipients of goods and services in the February 1 budget by tightening the GST law, as it seeks to plug leakages. CXOs, directors or employees directly responsible for making such claim...
Continue Reading... Category : Budget | Comments : 0 | Hits : 726
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Posted Date : 15-Jan-2020 , 09:03:11 am | Posted By CASANSAAR
The Kerala high court has tried to clear the air over the contentious issue of composite supplies under the Goods and Services Tax (GST) which experts say may become guiding principles to decide cases in litigation. If more than one good or service are supplied by a company, these could be consid...
Continue Reading... Category : GST | Comments : 0 | Hits : 1476
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Posted Date : 15-Jan-2020 , 08:57:00 am | Posted By CASANSAAR
Fair trade regulator Competition Commission of India, CCI has ordered a probe against Flipkart and Amazon for alleged malpractices, including deep discounting and tie-ups with preferred sellers. The order follows a complaint filed by Delhi Vyapar Mahasangh, whose members comprise many traders dea...
Continue Reading... Category : General | Comments : 0 | Hits : 509
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Posted Date : 14-Jan-2020 , 08:18:54 am | Posted By CASANSAAR
The Supreme court of India on Monday gave a status quo order regarding the amendment of section 3 of the Insolvency and Bankruptcy Code that homebuyers set stringent conditions for individual financial creditors to approach the bankruptcy court. The Monday's order by the SC has exempted the peti...
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Posted Date : 14-Jan-2020 , 08:13:17 am | Posted By CASANSAAR
Markets regulator Sebi has deferred by two years to April 2022 its directive for listed companies to split the roles of chairman and managing director in view of demand from corporates, and to keep compliance burden lower in the wake of the current economic scenario. Under the Sebi norms, the top...
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Posted Date : 14-Jan-2020 , 08:07:13 am | Posted By CASANSAAR
The CBI has arrested an insolvency resolution professional (IRP) appointed by the NCLT and another person for allegedly receiving a bribe of Rs 3.5 lakh from a consultant by threatening him with a criminal case, officials said on Monday. In what is likely to be the first corruption case by the CB...
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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
- 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
