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Posted Date : 15-Feb-2019 , 09:59:01 am | Posted By CASANSAAR
No. 13-CA (EXAM)/M/2019: In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to announce that the next Chartered Accountants Foundation Course {Under New Scheme}, Intermediate (IPC) {Under Old Scheme}...
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Posted Date : 13-Feb-2019 , 11:16:10 am | Posted By CASANSAAR
Parliament approved Modi Government's sixth and final Budget that gave Income Tax rebate to those earning up to Rs 5 lakh, an annual cash dole of Rs 6,000 to small farmers and pension for unorganised sector workers. While the Lok Sabha has passed the Appropriation Bills that gave Govern...
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Posted Date : 13-Feb-2019 , 04:35:41 pm | Posted By CASANSAAR
A CAG report tabled in Parliament Tuesday said the Registrar of Companies did not have information about PAN of 95 per cent of the real estate companies. Registrar of Companies (RoC) maintains database of all companies that register at the time of incorporation. Companies are required to file annual...
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Posted Date : 13-Feb-2019 , 04:33:07 pm | Posted By CASANSAAR
Observing that the Central Goods and Services Act was enacted with the laudable object of "one country one tax", the Madras High Court on Tuesday dismissed the anticipatory bail applications filed by nine persons apprehending arrest under the provisions of the Act. Justice Anand Venkate...
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Posted Date : 13-Feb-2019 , 09:52:00 am | Posted By CASANSAAR
Reserve Bank has imposed monetary penalty of two million rupees each on HDFC Bank, IDBI Bank and Kotak Mahindra Bank for non-compliance of various Know Your Customer/ Anti-Money Laundering norms. In a statement issued from Mumbai yesterday, RBI informed that it has imposed monetary penalty ...
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Posted Date : 12-Feb-2019 , 08:21:43 pm | Posted By CASANSAAR
CA. Prafulla P. Chhajed President, ICAI CA. Atul Kumar Gupta Vice-President, ICAI Many Many Congratulations to the Elected President & Vice President of ICAI for the year 2019-20....
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Posted Date : 12-Feb-2019 , 08:15:05 pm | Posted By CASANSAAR
The Ministry of Finance spent Rs 1,157 crore on various heads during 2017-18 without obtaining prior approval of Parliament, the Comptroller and Auditor General (CAG) report tabled in Parliament on Tuesday said. Excess expenditure aggregating Rs 1,156.80 crore was incurred during 2017-18 without ...
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Posted Date : 12-Feb-2019 , 08:05:57 pm | Posted By CASANSAAR
Suspicious income tax refund claims have gone up in last three years and scrutiny assessments have been initiated against taxpayers claiming high refunds inconsistent with the pattern of income and investments, Parliament was informed Tuesday. Minister of State for Finance Shiv Pratap Shukla in a...
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Posted Date : 12-Feb-2019 , 09:24:04 am | Posted By CASANSAAR
Hoping to cut down harassment of taxpayers during verification and scrutiny of income-tax returns, the Tax Department hopes to introduce features, including team-based assessment, video-conferencing and electronic review of orders, to ensure quality assessments and avoid high pitched tax demands. ...
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Posted Date : 12-Feb-2019 , 09:17:51 am | Posted By CASANSAAR
The ICAI Accounting Research Foundation (ICAI ARF) will oversee the process of reopening the books of crisis-hit IL&FS. The board of debt-laden Infrastructure Leasing and Financial Services (IL&FS) was taken over by the corporate affairs ministry last year after many group entities ...
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Posted Date : 12-Feb-2019 , 09:09:59 am | Posted By CASANSAAR
Markets regulator Sebi Monday granted relaxation to non-residents such as NRI, PIOs, and foreign nationals from furnishing a copy of PAN card and allowed them to transfer equity shares held by them to their immediate relatives. However, the relaxations are subject to certain conditions, Sebi said...
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Posted Date : 12-Feb-2019 , 08:54:05 am | Posted By CASANSAAR
A total of Rs 4,172.44 crore was collected by the government as late fee for delayed filing of various goods and services tax (GST) returns since the implementation of the indirect tax regime on July 1, 2017, till February 4, 2019, Finance Minstry data showed. GST-related laws provide for levy of...
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Posted Date : 12-Feb-2019 , 08:44:10 am | Posted By CASANSAAR
The Income Tax Department has busted a nexus of hawala operators who were running a money laundering racket in Delhi estimated to be worth over 20 thousand crore rupees. Official sources said, a series of raids and surveys were conducted by sleuths of the Delhi investigation unit of the I-T Departme...
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Posted Date : 09-Feb-2019 , 06:22:23 pm | Posted By CASANSAAR
IDFC on Saturday reported an 11-fold jump in net profit for the December quarter at Rs 26.28 crore, mainly due to a tax adjustment. The company's standalone net profit stood at Rs 2.40 crore in the quarter ended December 31, 2017, it said in a statement. The company's total income was ...
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Posted Date : 09-Feb-2019 , 10:35:29 am | Posted By CASANSAAR
The Reserve Bank has imposed a cumulative penalty of Rs 3.5 crore on state-owned lenders Corporation Bank and Allahabad Bank for violation of various norms. "This is to inform that Reserve Bank of India...has imposed an aggregate penalty of Rs 20 million on our bank due to some lapses in mon...
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Posted Date : 09-Feb-2019 , 10:30:28 am | Posted By CASANSAAR
Markets regulator Sebi Friday came out with the format for listed entities for preparing their annual secretarial audit and compliance reports. This would also be applicable for the "material unlisted subsidiaries" of the listed entities, the regulator said in a circular. ...
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Posted Date : 09-Feb-2019 , 10:21:20 am | Posted By CASANSAAR
A ministerial panel led by Gujarat deputy chief minister Nitin Patel has come out in favour of lowering the goods and services tax (GST) on under-construction properties to 5% without credit for taxes paid on raw materials. The seven-member panel, which met in the national capital on Friday, also fa...
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Posted Date : 08-Feb-2019 , 03:08:47 pm | Posted By CASANSAAR
The Mumbai bench of the National Company Law Tribunal (NCLT) on February 6 barred Mukesh Choksi from being appointed as an auditor of any company for a period of five years, holding him guilty of signing off on a company’s books without inspection and colluding with its promoters in a fraudule...
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Posted Date : 08-Feb-2019 , 04:21:23 am | Posted By CASANSAAR
CASANSAAR offers a Golden opportunity for Professionals, where they could create their own stunning website with multiple designs and templates to choose. It will be completely your own space, which is going to be a Dynamic Website and could be edited as per your wish. ...
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Posted Date : 08-Feb-2019 , 09:31:07 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) will release the CA Intermediate Results for November 2018 examination today (February 8, 2019) on its official results website. The results for the CA IPCC examination that was conducted in the month of November 2018 will be made available a...
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Posted Date : 08-Feb-2019 , 09:26:06 am | Posted By CASANSAAR
The BSE has decided to suspend as many as seven suspected shell companies from Friday after they failed to provide the information sought by forensic auditors in a time-bound manner. The firms facing suspension are Aadhaar Ventures India, Blue Circle Services, IKF Technologies, Prabhav Indu...
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Posted Date : 08-Feb-2019 , 09:02:41 am | Posted By CASANSAAR
State Bank of India Thursday said the Reserve Bank of India has slapped Rs 1 crore penalty on the country's largest lender for violating norms. RBI "in exercise of powers conferred under Section 47 A of the Banking Regulation Act, 1949 has levied a penalty of Rupees one crore on th...
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Posted Date : 07-Feb-2019 , 05:42:49 pm | Posted By CASANSAAR
RBI Governor Shaktikanta Das today announced that the limit of collateral free agricultural loans has been increased from one lakh to 1.6 lakh. Addressing the post monetary policy announcement in Mumbai today, Mr. Das said the decision has been taken in view of the overall inflation and rise in the ...
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Posted Date : 07-Feb-2019 , 10:08:03 am | Posted By CASANSAAR
The Kerala High Court has held that banks cannot be exonerated from liability for loss caused to a customer on account of unauthorised withdrawals made from his/her account, merely on the ground that the customer did not respond promptly to the SMS alert given by the bank. The court observed that...
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Posted Date : 07-Feb-2019 , 10:02:19 am | Posted By CASANSAAR
The Union Cabinet on Wednesday decided to abolish institutions of Ombudsman for income tax and indirect tax. The approval comes against the backdrop of people preferring online grievance redressal mechanism. The institution of Income-Tax Ombudsman was set up in 2003 to deal with gr...
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Posted Date : 07-Feb-2019 , 09:57:51 am | Posted By CASANSAAR
The Cabinet has approved a proposal for Official Amendments to Banning of Unregulated Deposit Schemes Bill, 2018. Briefing media after the Cabinet meeting in New Delhi last night, Union Minister Ravi Shankar Prasad said, the amendments will further strengthen the bill to effectively tackle ...
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Posted Date : 06-Feb-2019 , 09:25:21 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) Tuesday said it has imposed a total penalty of Rs 2.2 crore on private sector lender Axis Bank in two separate cases. A penalty of Rs 2 crore has also been imposed on UCO Bank and Rs 1 crore on Syndicate Bank for violation of norms. The RBI said penalty of Rs...
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Posted Date : 06-Feb-2019 , 09:23:28 am | Posted By CASANSAAR
Markets regulator Sebi Tuesday came out with a strict framework for public interest directors serving at stock exchanges, clearing corporations and depositories. Under the framework, public interest directors (PIDs) will be nominated for three years, extendable by another term of three year...
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Posted Date : 06-Feb-2019 , 09:17:44 am | Posted By CASANSAAR
The Supreme Court on Monday said that it was essential to link Aadhaar with the PAN card to file income tax returns. The court was hearing the government’s plea against a Delhi High Court order allowing the respondent, Shreya Sen, to file income tax returns for 2018-’19 without linking h...
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Posted Date : 06-Feb-2019 , 09:15:23 am | Posted By CASANSAAR
The revenue department will put in place within two years a mechanism to ensure that all returns are processed within 24 hours and refunds issued simultaneously, an official said. The government has already sanctioned Rs 4,200 crore last month for upgradation of information technology infra...
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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
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- 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
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- 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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