-
Posted Date : 17-Sep-2023 , 09:27:15 pm | Posted By CASANSAAR
The nation's largest lender State Bank of India is adopting a novel way to ensure timely repayments, especially by its retail borrowers, by greeting those likely to default on monthly installments with a pack of chocolates. According to the bank, it has been found that a borrower who is plann...
Continue Reading... Category : Banking | Comments : 0 | Hits : 449
-
Posted Date : 16-Sep-2023 , 03:35:19 pm | Posted By CASANSAAR
Dear Taxpayers, 1.It is to inform you that it has been decided by the Government to impose a time limit on reporting old invoices on the e-invoice IRP portals for taxpayers with AATO greater than 100 crores. 2.To ensure timely compliance, taxpayers in this category will n...
Continue Reading... Category : GST | Comments : 0 | Hits : 306
-
Posted Date : 16-Sep-2023 , 10:07:29 am | Posted By CASANSAAR
The Finance Ministry notified the constitution of 31 Appellate Tribunals across 28 States and eight Union Territories for the Goods and Services Tax (GST) late on Thursday night, setting the stage to resolve a growing number of taxpayer disputes with the Revenue Department. The establishment of t...
Continue Reading... Category : GST | Comments : 0 | Hits : 384
-
Posted Date : 16-Sep-2023 , 10:03:53 am | Posted By CASANSAAR
The Central Bureau of Investigation (CBI) has registered an alleged corruption case against a former Additional Commissioner of Income Tax, Santosh Karnani, his wife, one director of an Ahmedabad-based firm and others. It is based on the findings of another case taken over by the agency in Octobe...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 2125
-
Posted Date : 14-Sep-2023 , 05:26:13 pm | Posted By CASANSAAR
A five-day-long Special Parliament Session will be held from Monday. A Parliamentary Bulletin said, that on the first day a discussion on the Parliamentary Journey of 75 years starting from Samvidhan Sabha - Achievements, Experiences, Memories, and Learnings will be held in Lok Sabha. The G...
Continue Reading... Category : General | Comments : 0 | Hits : 280
-
Posted Date : 14-Sep-2023 , 08:13:47 am | Posted By CASANSAAR
Praveena Anjana of Udaipur has been crowned Miss International India 2023, gaining her position to represent India at the Miss International pageant in Japan this October. Praveena Anjana of Udaipur has been crowned Miss International India 2023, gaining her position to represent India at the Mis...
Continue Reading... Category : Chartered Accountant | Comments : 0 | Hits : 2341
-
Posted Date : 14-Sep-2023 , 08:06:48 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has directed banks and other financial institutions to release all the movable and immovable property documents within 30 days of the full repayment of loans. Besides that, it has also stated that lenders will need to compensate borrowers in case of any delay in relea...
Continue Reading... Category : RBI | Comments : 0 | Hits : 369
-
Posted Date : 13-Sep-2023 , 09:16:57 am | Posted By CASANSAAR
The Reserve Bank of India on Tuesday issued revised classification, valuation and operation guidelines for the investment portfolio of commercial banks, which will be effective from April 1, 2024. Banks will have to categorise investments into three categories from the next financial year: availa...
Continue Reading... Category : RBI | Comments : 0 | Hits : 226
-
Posted Date : 12-Sep-2023 , 08:36:21 am | Posted By CASANSAAR
Court rules the items cannot be confiscated without investigation even if the original supplier does not have GST registration. The case relates to a trader who bought iron scrap from a company in Vijayawada. The Andhra Pradesh High Court has ruled that the goods and services tax (GST) authoritie...
Continue Reading... Category : GST | Comments : 0 | Hits : 1075
-
Posted Date : 07-Sep-2023 , 08:51:24 am | Posted By CASANSAAR
Average processing time of Income Tax Returns (ITR) has reduced to ten days in the Assessment Year 2023-24. Average processing time of ITR was 82 days in the Assessment Year 2019-20, and 16 days in Assessment Year 2022-23. Income Tax Department said, it is committed to process the ITR in a ...
Continue Reading... Category : ITR | Comments : 0 | Hits : 435
-
Posted Date : 07-Sep-2023 , 08:48:25 am | Posted By CASANSAAR
The government is having a rethink on a proposal to mandate joint audits of large firms by amending the Companies Act, as it weighs larger deliberations on the issue of fixing audit accountability when things go wrong, said a person aware of the details. In a joint audit, two or more audit firms ...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 1046
-
Posted Date : 07-Sep-2023 , 08:43:17 am | Posted By CASANSAAR
The government on September 1 notified amendments to GST law in relation to the valuation methodology to be adopted by online gaming companies and casinos for calculating tax. The Ministry of Finance notified amendments to Central GST law for calculating value of supply in case of online gaming a...
Continue Reading... Category : GST | Comments : 0 | Hits : 343
-
Posted Date : 06-Sep-2023 , 08:53:59 am | Posted By CASANSAAR
The Income Tax Department has processed refunds of over Rs 2.45 crore for 6.84 crore verified Income tax returns (ITRs), bringing down the average processing time to 10 days for the assessment year 2023-24 “The department’s efforts to provide seamless and expeditious taxpayer services...
Continue Reading... Category : ITR | Comments : 0 | Hits : 455
-
Posted Date : 05-Sep-2023 , 12:38:29 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) Monday said the Unified Payments Interface (UPI) System will also include pre-sanctioned credit lines issued by banks for transactions. Earlier, only the deposited amount could be transacted through the UPI System. On April 6, 2023, the Reserve Bank...
Continue Reading... Category : RBI | Comments : 0 | Hits : 1043
-
Posted Date : 02-Sep-2023 , 07:21:42 am | Posted By CASANSAAR
The gross GST revenue collected in August is 1,59,069 crore rupees. This includes CGST of 28,328 crores, SGST of 35,794 crores, and IGST of 83,251 crores. The government has settled 37,581 crores to CGST and 31,408 crores to SGST from IGST. The total revenue of Centre and the States in Augu...
Continue Reading... Category : GST | Comments : 0 | Hits : 664
-
Posted Date : 28-Aug-2023 , 08:19:19 am | Posted By CASANSAAR
Artificial intelligence can substitute neither the human intelligence nor the humane element in the adjudicatory process, the Delhi high court has held and said ChatGPT can't be the basis of adjudication of legal or factual issues in a court of law. Justice Prathiba M Singh stated that the ac...
Continue Reading... Category : General | Comments : 0 | Hits : 807
-
Posted Date : 26-Aug-2023 , 07:45:51 am | Posted By CASANSAAR
Market regulator Securities Exchange Board of India (SEBI) on Friday released a consultation paper on the association of registered intermediaries with ‘finfluencers’ or digital and social media influencers broadly operating in the space of financially literacy and business. The...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 508
-
Posted Date : 25-Aug-2023 , 04:40:15 pm | Posted By CASANSAAR
Domain + Website + Hosting + 2 email ids @ Just Rs.3100/- with 30 days Money Back Guarantee. CASANSAAR offers a Golden opportunity for Professionals, where they could create their own stunning website with multiple designs and templates to c...
Continue Reading... Category : General | Comments : 0 | Hits : 811
-
Posted Date : 25-Aug-2023 , 08:23:48 am | Posted By CASANSAAR
The income tax department is planning to reduce the average processing time for getting tax refunds. As per a report in Business Standard, the tax department is mulling over the reduction of days to 10 from the current 16 days. The report says that the new timeline is expected to be implemented d...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 529
-
Posted Date : 22-Aug-2023 , 08:29:47 am | Posted By CASANSAAR
In a move that is likely to help firms struggling with GST notices from different states, the Central Board of Indirect Taxes and Customs has started designating a single common authority to deal with similar matters of an assesses who has different GST numbers across the country. The CBIC ...
Continue Reading... Category : GST | Comments : 0 | Hits : 625
-
Posted Date : 22-Aug-2023 , 08:27:09 am | Posted By CASANSAAR
The Delhi High Court Monday sought the Centre’s stand in a plea against a notification where chartered accountants, company secretaries and cost accountants have been included among “reporting entities” under the Prevention of Money Laundering Act (PMLA) A division bench of Chie...
Continue Reading... Category : General | Comments : 0 | Hits : 940
-
Posted Date : 20-Aug-2023 , 06:28:43 am | Posted By CASANSAAR
Employees drawing substantial salaries and having rent-free accommodation provided by their employers will now be able to save more and get a higher take-home salary as the income tax department has revised norms for valuing such perquisites. The Central Board of Direct Taxes (CBDT) on August 18 ...
Continue Reading... Category : CBDT | Comments : 0 | Hits : 397
-
Posted Date : 19-Aug-2023 , 08:01:59 am | Posted By CASANSAAR
The CBI has arrested a CGST official in Mumbai for allegedly demanding Rs 30 lakh as bribe for settling tax issues related to a company based in China, officials said on Friday. Hemant Kumar, the Central Goods and Services Tax (CGST) superintendent, posted at Bhiwandi Commissionerate demanded Rs 30 ...
Continue Reading... Category : GST | Comments : 0 | Hits : 581
-
Posted Date : 18-Aug-2023 , 08:29:18 am | Posted By CASANSAAR
The Reserve Bank of India on Thursday launched a centralised Web portal, UDGAM (Unclaimed Deposits Gateway to Access Information), for members of the public to make it easier to search their unclaimed deposits across multiple banks at one place. UDGAM, which was launched by RBI Governor Shaktikan...
Continue Reading... Category : RBI | Comments : 1 | Hits : 1706
-
Posted Date : 17-Aug-2023 , 10:10:32 am | Posted By CASANSAAR
CBDT invites comments on draft Form No. 6C formulated for implementing the amendment to sub-section (2A) of Section 142 of the Income-tax Act, 1961, introduced vide Finance Act, 2023, pertaining to inventory valuation by Cost Accountant. Suggestions/Comments on the draft Form No. 6C have be...
Continue Reading... Category : CBDT | Comments : 0 | Hits : 718
-
Posted Date : 17-Aug-2023 , 08:04:24 am | Posted By CASANSAAR
OpenAI spends roughly $700,000 per day (around Rs. 5.8 crore) to run ChatGPT and Microsoft and other recent investors are covering these costs out of their own pockets. They, however, could turn off the tap if Sam Altman-led company doesn't turn a profit soon and it may go bankrupt by the end of...
Continue Reading... Category : General | Comments : 0 | Hits : 462
-
Posted Date : 16-Aug-2023 , 09:13:22 am | Posted By CASANSAAR
The ministry of corporate affairs in India has granted 1,270 requests from professional associations - including company secretaries and chartered accountants - to deactivate or merge duplicated user IDs in the first month of permitting the move. The move was to allow such professionals to ...
Continue Reading... Category : MCA | Comments : 0 | Hits : 434
-
Posted Date : 16-Aug-2023 , 09:04:02 am | Posted By CASANSAAR
Mahindra looks to scale up global play after cheating and fraud with indian customers Mahindra & Mahindra on said it aims to bolster its presence globally as it unveiled a pickup concept, which it plans to introduce in the international markets. but the reality is they dont have the capaci...
Continue Reading... Category : General | Comments : 0 | Hits : 414
-
Posted Date : 12-Aug-2023 , 08:24:24 am | Posted By CASANSAAR
Parliament on Friday approved amendments to the Central and Integrated GST laws to levy 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs. The Central GST (Amendment) Bill, 2023, and the Integrated GST (Amendment) Bill, 2023, piloted by Finance Minister...
Continue Reading... Category : GST | Comments : 0 | Hits : 953
-
Posted Date : 09-Aug-2023 , 09:30:45 pm | Posted By CASANSAAR
Price Waterhouse Chartered Accountants LLP (PwC) on Monday resigned as the statutory auditor of Paytm Payments Services Ltd (PPSL). One 97 Communications, the parent company of Paytm, said PwC has not raised any concern or issue. PwC was appointed as statutory auditor of PPSL for five years fr...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 472
- 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
