-
Posted Date : 04-Aug-2023 , 07:36:03 am | Posted By CASANSAAR
The Delhi High Court on Tuesday dismissed a plea filed by Ashneer Grover, former managing director of BharatPe, challenging an income tax notice issued to him under Section 8 of the Black Money Act. The high court asked Grover's counsel to withdraw the petition voluntarily, or the court...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1012
-
Posted Date : 04-Aug-2023 , 07:14:16 am | Posted By CASANSAAR
Examination Department The Institute of Chartered Accountants of India 3rd August, 2023IMPORTANT ANNOUNCEMENT The results of the Chartered Accountants Foundation Examination held in June 2023 are likely to be declared on late evening (9.00 p.m.) of Monday, the 7th August, 2023/early mornin...
Continue Reading... Category : CA Exams | Comments : 0 | Hits : 582
-
Posted Date : 03-Aug-2023 , 08:42:50 am | Posted By CASANSAAR
GST Council recommends certain amendments in CGST Act 2017 and IGST Act 2017, including amendment in Schedule III of CGST Act, 2017, to provide clarity on taxation of supplies in casinos, horse racing and online gaming GST Council also recommends inserting a specific provision in IGST Act, 2017 t...
Continue Reading... Category : GST | Comments : 0 | Hits : 1218
-
Posted Date : 03-Aug-2023 , 08:33:44 am | Posted By CASANSAAR
The University Grants Commission (UGC) on Wednesday announced that it has identified and declared 20 universities across India as "fake." These institutions are not authorized to grant any degrees to students. Among these universities, the highest number (eight) is located in Del...
Continue Reading... Category : General | Comments : 0 | Hits : 1257
-
Posted Date : 01-Aug-2023 , 06:56:00 am | Posted By CASANSAAR
Over 96,000 companies have wound up their operations in the past five years, according to the Ministry of Corporate Affairs. Businesses opt for winding up for various reasons, including financial unviability. From April 1, 2018 to March 31, 2023, as many as 96,261 companies exited voluntarily,...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 1502
-
Posted Date : 30-Jul-2023 , 08:53:50 am | Posted By CASANSAAR
Students will have to shell out more for hostel accommodation as a 12 per cent GST would be applicable on the rent paid, the Authority of Advance Ruling said in two separate cases. The Bengaluru bench of the Authority of Advance Ruling (AAR) said hostels are not akin to residential dwelling units...
Continue Reading... Category : GST | Comments : 0 | Hits : 689
-
Posted Date : 29-Jul-2023 , 08:10:25 am | Posted By CASANSAAR
NFRA debarred an Ahmedabad-based auditor for one year and imposed a monetary penalty of Rs.100,000 in the case which involved audit of a clothing company after its investigation found alleged irregularities in the financial statements of FY16. Ongoing negotiations with banks and non-bank lenders ...
Continue Reading... Category : NFRA | Comments : 0 | Hits : 686
-
Posted Date : 29-Jul-2023 , 07:19:03 am | Posted By CASANSAAR
Starting August 1, businesses with aggregate turnover of Rs 5 crore or more will have to mandatorily opt for e-invoicing under the Goods and Services Tax (GST). “GST taxpayers whose aggregate turnover exceeds Rs 5 crore in any financial year ... Generating e-invoices for both supply o...
Continue Reading... Category : GST | Comments : 0 | Hits : 480
-
Posted Date : 28-Jul-2023 , 07:22:10 am | Posted By CASANSAAR
The Union government will set up an online audit mechanism under the Goods and Services Tax (GST) in order to streamline the process, as suggested by a parliamentary panel in its report on ‘anti-competitive practices by the big tech companies’. “The ministry has accepted the rec...
Continue Reading... Category : GST | Comments : 0 | Hits : 355
-
Posted Date : 27-Jul-2023 , 07:07:30 am | Posted By CASANSAAR
The Reserve Bank has permitted 20 banks operating in the country to open 92 Special Rupee Vostro Accounts (SRVAs) of partner banks from 22 countries as part of efforts to promote bilateral trade in local currencies, the government said on Wednesday. In a written reply to Lok Sabha, Minister of St...
Continue Reading... Category : RBI | Comments : 0 | Hits : 457
-
Posted Date : 26-Jul-2023 , 06:54:32 am | Posted By CASANSAAR
Even as tax authorities plan to plug loopholes to tighten compliance for goods and services tax (GST), they have already identified nearly 15,000 entities and have detected evasion of more than Rs 38,000 crore over the years. This includes fraudulent cases of GST registration by misusing PAN and Aad...
Continue Reading... Category : GST | Comments : 0 | Hits : 306
-
Posted Date : 25-Jul-2023 , 01:32:36 pm | Posted By CASANSAAR
CLICK ON THE LINK FOR COMPLETE VIDEO, https://youtu.be/bbla_-LmrJQ A cavalier attitude towards filing of income tax returns (ITRs), complete with fake rent receipts from close relatives, extra claims against home loans, false donations and a slew of dodgy practices encouraged by some of the ta...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 336717
-
Posted Date : 25-Jul-2023 , 07:57:16 am | Posted By CASANSAAR
More than four crore income tax returns (ITRs) for the 2022-23 financial year have been filed so far and about 7 per cent of these are new or first-time filers, CBDT chairperson Nitin Gupta said on Monday. He said that more than half of these ITRs have been processed leading to 80 lakh refunds ti...
Continue Reading... Category : ITR | Comments : 0 | Hits : 314
-
Posted Date : 25-Jul-2023 , 07:55:11 am | Posted By CASANSAAR
The government has approved an interest rate of 8.15 percent on deposits under the Employees Provident Fund scheme for the financial year 2022-23. According to the Employees' Provident Fund Organization (EPFO), the Ministry of Labour and Employment has conveyed the approval of the Central gov...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 292
-
Posted Date : 25-Jul-2023 , 07:53:01 am | Posted By CASANSAAR
Dear Taxpayers, 1.GSTN is pleased to inform you that the e-Invoice Exemption Declaration functionality is now live on the e-Invoice portal. This functionality is specifically designed for taxpayers who are by default enabled for e-invoicing but are exempted from implementing it under th...
Continue Reading... Category : GST | Comments : 0 | Hits : 579
-
Posted Date : 24-Jul-2023 , 07:24:07 am | Posted By CASANSAAR
Banks wrote off bad loans worth over Rs 2.09 lakh crore (around US $ 25.50 billion) during the year ended March 2023, taking the total loan write-off by the banking sector to Rs 10.57 lakh crore (around $ 129 billion) in the last five years, the Reserve Bank of India (RBI) said in a Right to Informa...
Continue Reading... Category : RBI | Comments : 0 | Hits : 246
-
Posted Date : 22-Jul-2023 , 11:14:56 am | Posted By CASANSAAR
Audit regulator NFRA's chief Ajay Bhushan Prasad Pandey on Friday said auditors should follow the due process and auditing should not be just a "ticking" exercise. Highlighting the importance of financial reporting, he said that audit documentation should speak for themselves. &q...
Continue Reading... Category : NFRA | Comments : 0 | Hits : 1900
-
Posted Date : 20-Jul-2023 , 07:30:34 am | Posted By CASANSAAR
Notice Sent to Kumar Vishwas by Advocate (CA) Dr. Suneel Maggo for his Derogatory Remarks against Professionals (Chartered Accountants and Company Secretaries). We had discussed the matter with Advocate Suneel Maggo and the same has been uploaded on the youtube but on the pressure of Kumar Vishwa...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 3414
-
Posted Date : 20-Jul-2023 , 07:12:55 am | Posted By CASANSAAR
Over 3 crore ITRs for income earned in 2022-23 fiscal have been filed so far, out of which 91 per cent have been verified electronically, the income tax department said on Wednesday. "Out of the 3.06 crore ITRs filed till 18th July, 2023, 2.81 crore ITRs have been e-verified i.e. more than 9...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 649
-
Posted Date : 19-Jul-2023 , 08:24:42 am | Posted By CASANSAAR
Listed companies must disclose to the public all information on business deals and arrangements that have a bearing on their prospects. Securities and Exchange Board of India (Sebi) last week tightened the listing obligations and disclosure requirements (LODR) regulations that mandated firm...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 517
-
Posted Date : 15-Jul-2023 , 06:53:35 am | Posted By CASANSAAR
The Enforcement Directorate (ED) on Friday arrested former Income-Tax (I-T) officer Tanaji Mandal Adhikari and his associates Bhushan Patil and Rajesh Shetty in connection with a Rs 263-crore TDS scam. Adhikari allegedly generated fake TDS (Tax Deducted at Source) refunds to the tune of Rs 263 crore...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1278
-
Posted Date : 13-Jul-2023 , 08:26:45 am | Posted By CASANSAAR
The Centre’s move to bring the Goods and Services Tax Network (GSTN) under the purview of the Prevention of Money Laundering Act (PMLA) was to empower the relevant investigating agencies to deal with tax fraud and money laundering matters, and not giving outright access to data to any party, s...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 606
-
Posted Date : 12-Jul-2023 , 07:03:37 am | Posted By CASANSAAR
In the 50th Meeting of the GST Council, inter-alia the following recommendations relating to changes in GST tax rates, measures for facilitation of trade and measures for streamlining compliances in GST were made: Changes in GST Tax Rates: Recommendations relating to GST rate...
Continue Reading... Category : GST | Comments : 0 | Hits : 434
-
Posted Date : 11-Jul-2023 , 09:21:32 pm | Posted By CASANSAAR
The GST Council on Tuesday agreed to levy a 28 per cent tax on online gaming, casinos and horse racing and the tax would be levied on full face value. West Bengal finance minister Chandrima Bhattacharya said the Council has also approved the exemption of GST on import of cancer drug Dinutuximab...
Continue Reading... Category : GST | Comments : 0 | Hits : 332
-
Posted Date : 11-Jul-2023 , 10:52:24 am | Posted By CASANSAAR
Amidst the growing scale of the mutual fund industry, Securities and Exchange Board of India (SEBI) has increased the role and accountability of the Trustees in a bid to safeguard unit holder’s interest. SEBI has further said that a unit holder protection committee (UHPC) by the board...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 344
-
Posted Date : 08-Jul-2023 , 05:50:14 pm | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) has found that nearly 25 percent of suspected Goods and Services Tax accounts do not exist or have vanished after availing benefits of around Rs 15,000 crore. Rs. The evasion and fake accounts have been unearthed as part of an ongoing two-mon...
Continue Reading... Category : GST | Comments : 0 | Hits : 1153
-
Posted Date : 08-Jul-2023 , 05:48:37 pm | Posted By CASANSAAR
Following detection of about 12,500 fake entities, Goods and Services Tax (GST) authorities are looking to tighten registration norms with biometric authentication and geo-tagging of risky entities. Central Board of Indirect Taxes and Customs (CBIC) Chairman Vivek Johri on Saturday said the return f...
Continue Reading... Category : GST | Comments : 0 | Hits : 425
-
Posted Date : 08-Jul-2023 , 05:48:14 pm | Posted By CASANSAAR
In the matter of Mis M H Dalal & Associates, Chartered Accountants (Firm Registration No 112449W) and CA Devang Dalal (ICAI Membership No 109049) under Section 132(4) .of the Companies Act 2013 read with Rule 11(6) of National Financial Reporting Authority Rules 2018. This Order d...
Continue Reading... Category : NFRA | Comments : 0 | Hits : 3533
-
Posted Date : 08-Jul-2023 , 03:39:53 pm | Posted By CASANSAAR
A chartered accountant absconding for the past five years after allegedly duping people of around Rs 20 crore has been arrested, Delhi Police officials said on Friday. According to a complaint, accused Anil Kumar Bansal, the proprietor at SBM Export Ltd, procured electronic goods on forged documents...
Continue Reading... Category : Chartered Accountant | Comments : 0 | Hits : 3183
-
Posted Date : 08-Jul-2023 , 04:10:43 am | Posted By CASANSAAR
Capital market watchdog Sebi on Friday came out with a regulatory framework for private equity funds sponsoring a mutual fund house as well as for self-sponsored Asset Management Companies (AMCs). Under the framework for private equity (PE) funds, Sebi said the applicant is required to have a minimu...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 337
- 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
