-
Posted Date : 08-Jul-2023 , 04:06:22 am | Posted By CASANSAAR
Four IRS officers of the Income Tax Department have been appointed as Members in the Central Board of Direct Taxes (CBDT) under the Union Finance Ministry, according to a Government order. The CBDT is the administrative body for the department and it is tasked to collect revenue under various dir...
Continue Reading... Category : CBDT | Comments : 0 | Hits : 457
-
Posted Date : 08-Jul-2023 , 09:26:57 am | Posted By CASANSAAR
GSTN is pleased to inform that the functionality for geocoding the principal place of business address is now live for all States and Union territories. This feature, which converts an address or description of a location into geographic coordinates, has been introduced to ensure the accuracy of add...
Continue Reading... Category : GST | Comments : 0 | Hits : 337
-
Posted Date : 01-Jul-2023 , 09:59:02 am | Posted By CASANSAAR
Kind Attention PAN holders! Instances have come to notice where PAN holders have faced difficulty in downloading the challan after payment of fee for Aadhaar-PAN linking. In this regard, it is to be informed that status of challan payment may be checked in ‘e-pay tax’ tab of ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1584
-
Posted Date : 01-Jul-2023 , 09:38:06 am | Posted By CASANSAAR
The Income-Tax Department has been focusing its efforts on promoting voluntary compliance. In this endeavour, information is received about financial transactions of taxpayers from Reporting Entities, such as Banks, Forex Dealers, Sub-Registrars, etc. The information furnished by the Reporting Entit...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1220
-
Posted Date : 01-Jul-2023 , 09:27:16 am | Posted By CASANSAAR
Changing of cut-off date to 1st July instead of 1st January of every year for the Bank Branch Auditors Panel As members are aware, every year PDC prepares a Multipurpose Empanelment Panel of Chartered Accountants/firms spread across the country based on multi layered logic for providing it to RBI...
Continue Reading... Category : Bank Branch Audit | Comments : 0 | Hits : 1037
-
Posted Date : 30-Jun-2023 , 07:22:32 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) on Wednesday tightened the disclosure requirements for foreign portfolio investors (FPIs) in a bid to get a better handle on them and prevent the possible circumvention of minimum public shareholding (MPS) and takeover norms. The Sebi board also a...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 328
-
Posted Date : 29-Jun-2023 , 08:40:55 am | Posted By CASANSAAR
The finance ministry on June 28 said that the higher Tax Collected at Source (TCS) on overseas spending will now be implemented three months after the original deadline of July 1. At the same time, the finance ministry also said that transactions conducted via international credit cards while abr...
Continue Reading... Category : TDS | Comments : 0 | Hits : 295
-
Posted Date : 29-Jun-2023 , 08:35:48 am | Posted By CASANSAAR
To ensure greater transparency, markets regulator Sebi on Wednesday decided to mandate enhanced disclosures from certain class of Foreign Portfolio Investors (FPIs), including furnishing granular level details about ownership and economic interests. The new norms will be applicable for FPIs that ...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 181
-
Posted Date : 28-Jun-2023 , 08:57:33 am | Posted By CASANSAAR
Directorate of Enforcement has provisionally attached 59 immovable and movable properties including 53 plots, commercial shops, Industrial plots, agricultural land located at Delhi, Noida, Sonepat, Jalandhar, Hyderabad and balances in bank accounts having value of Rs. 28.67 Crore belonging to ...
Continue Reading... Category : Chartered Accountant | Comments : 0 | Hits : 1063
-
Posted Date : 28-Jun-2023 , 07:03:35 am | Posted By CASANSAAR
Over one crore Income Tax Returns have been filed till 26th of this month. This milestone was reached 12 days early this year compared to the corresponding period in the preceding year. Last year, one crore ITRs were filed till 8th of July. The Income Tax Department has reiterated its commitment ...
Continue Reading... Category : ITR | Comments : 0 | Hits : 264
-
Posted Date : 27-Jun-2023 , 08:58:41 am | Posted By CASANSAAR
The income tax department has tweaked disclosure norms for charitable institutions claiming I-T exemption by seeking additional details. As per amendments to the Income Tax Rules, which will come into effect from October 1, charitable institutions will have to now disclose whether the activities ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 773
-
Posted Date : 23-Jun-2023 , 08:17:37 pm | Posted By CASANSAAR
The Council, in its 420th meeting held on 23rd-24th March, 2023, decided that revocation of UDINs would now be possible within 48 hours from the time of its generation. This means that now onwards, the members will be able to revoke the UDINs, if they so desire, only within 48 hours from the time th...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 392
-
Posted Date : 23-Jun-2023 , 09:35:51 am | Posted By CASANSAAR
Deloitte, one of the biggest audit firms in the world, has tendered its resignation as the statutory auditor of Byju's, adding to a long list of troubles for India's most valued startup. "The financial statements of the Company for the year ended March 31, 2022 are long delayed. We h...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 386
-
Posted Date : 23-Jun-2023 , 09:31:10 am | Posted By CASANSAAR
Three board members of Ed tech company Byju’s resigned on Thursday, June 22. According to reports, Peak XV Partners' GV Ravishankar, Prosus' Russell Dreisenstock and Chan Zuckerberg Initiative's Vivian Wu have stepped down from their responsibilities from the board. The company spo...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 917
-
Posted Date : 21-Jun-2023 , 09:37:45 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs has already struck off hundreds of thousands of shell companies that are often used to funnel black money, the report said quoting sources in the know The Ministry of Corporate Affairs (MCA) is planning to further intensify its crackdown against non-functional (s...
Continue Reading... Category : MCA | Comments : 0 | Hits : 1026
-
Posted Date : 21-Jun-2023 , 09:30:00 pm | Posted By CASANSAAR
The tax department is considering a proposal under which credit card holders will have to file a declaration with the issuer entity within a stipulated time, specifying the nature of expenses incurred in foreign currency for the purpose of TCS levy, sources said. The I-T department is in talks wi...
Continue Reading... Category : International Business | Comments : 0 | Hits : 667
-
Posted Date : 20-Jun-2023 , 09:08:50 am | Posted By CASANSAAR
The division bench of justice Gautam Patel and justice Neela Gokhale was hearing a clutch of petitions, including those filed by Naresh Goyal, the promoter of now defunct Jet Airways, and his wife Anita Goyal among others, contending that the master circular authorised banks to arbitrarily classify ...
Continue Reading... Category : RBI | Comments : 0 | Hits : 469
-
Posted Date : 20-Jun-2023 , 09:02:49 am | Posted By CASANSAAR
With the critical Corporate Affairs Ministry portal, MCA-21, still ridden with glitches, hampering everything from registration of new firms to routine filings by existing firms, the Ministry has decided to hold parleys on the challenges faced by industry. “Stakeholders’ consultations...
Continue Reading... Category : MCA | Comments : 0 | Hits : 323
-
Posted Date : 14-Jun-2023 , 08:37:40 am | Posted By CASANSAAR
RBI has issued a new guideline for those who have lockers in government banks of the country. In such a situation, now the agreement of the bank locker is being changed. SBI has asked customers to contact their branch soon. SBI New Bank Locker Agreement: There is great news for SBI customers. Giv...
Continue Reading... Category : RBI | Comments : 0 | Hits : 773
-
Posted Date : 14-Jun-2023 , 08:20:30 am | Posted By CASANSAAR
A nationwide crackdown by the Goods and Services Tax authorities uncovered tax evasion to the tune of Rs.30,000 crore, allegedly carried out via stolen identities including as many as 18,000 Permanent Account Number (PAN) and Aadhaar cards, people familiar with the development said. The identitie...
Continue Reading... Category : GST | Comments : 0 | Hits : 1356
-
Posted Date : 13-Jun-2023 , 08:18:14 am | Posted By CASANSAAR
Wilful defaulters and companies involved in fraud can go for a compromise settlement or technical write-offs by banks and finance companies, as per a circular by Reserve Bank of India (RBI). Banks can undertake compromise settlements or technical write-offs regarding accounts categorised as wilfu...
Continue Reading... Category : RBI | Comments : 0 | Hits : 501
-
Posted Date : 10-Jun-2023 , 09:44:40 am | Posted By CASANSAAR
A multi-agency probe launched by the Centre to investigate Noida police's claim of having busted a racket of GST fraud to the tune of Rs 10,000 crore has revealed at least 3,000 shell companies were created on fake Aadhaar and PAN details. On Thursday, the Directorate General of GST Intellige...
Continue Reading... Category : GST | Comments : 0 | Hits : 1744
-
Posted Date : 10-Jun-2023 , 09:34:10 am | Posted By CASANSAAR
1. The E-Invoice Verifier App developed by GSTN, has been introduced which offers a convenient solution for verifying e-Invoices and other related details. GSTN understands the importance of efficient and accurate e-invoice verification, and this app aims to simplify the process for your...
Continue Reading... Category : GST | Comments : 0 | Hits : 596
-
Posted Date : 09-Jun-2023 , 10:08:15 am | Posted By CASANSAAR
The Government has sought applications for a total of 15 positions of judicial and technical members at the National Company Law Tribunal (NCLT) as well as the appellate tribunal NCLAT. As many as 15 posts, including that of 5 judicial members and 5 technical members, are to be filled up at the...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 702
-
Posted Date : 09-Jun-2023 , 09:52:52 am | Posted By CASANSAAR
India's five largest audit firms managed as many as 310 assignments of Nifty500 companies in FY23, or almost two out of every 3 audits, shows an analysis by PRIME Database Group. Out of the Nifty500 companies, auditor details were not available for 2 companies. In terms of all companies wh...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 1519
-
Posted Date : 08-Jun-2023 , 12:00:53 pm | Posted By CASANSAAR
In a bizarre case of poor corporate governance, Milestone Furniture, a BSE-SME listed company has delayed announcing its quarterly results because its chartered accountant has “disappeared”. In a statement to the stock exchange, the company said, “The Board Meeting held on 25th ...
Continue Reading... Category : Chartered Accountant | Comments : 0 | Hits : 1097
-
Posted Date : 08-Jun-2023 , 09:20:22 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) today issued an updated alert list of entities that are not authorized to deal in foreign exchange (forex) transactions or operate electronic trading platforms (ETPs) for forex. The Apex Bank in its press release issued today added eight names of platforms/we...
Continue Reading... Category : RBI | Comments : 0 | Hits : 368
-
Posted Date : 07-Jun-2023 , 07:02:58 am | Posted By CASANSAAR
The Reserve Bank of India said it has permitted banks operating International Financial Services Centre (IFSC) to offer non-deliverable derivatives contracts utilising rupees to resident non-retail users for hedging. The step has been taken in order to develop the onshore rupee non-deliverable de...
Continue Reading... Category : RBI | Comments : 0 | Hits : 318
-
Posted Date : 07-Jun-2023 , 07:01:50 am | Posted By CASANSAAR
Statutory auditors may have cause for cheer as a new mechanism in the form of a common balance confirmation portal is now being put in place to provide “external confirmation of balances” for aiding the audit of financial statements. Over the years, auditors have been using &ldq...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 1876
-
Posted Date : 02-Jun-2023 , 10:17:05 pm | Posted By CASANSAAR
Reserve Bank on Friday imposed a penalty of Rs 2.20 crore on state-owned Indian Overseas Bank (IOB) for non-compliance of income recognition and other deficiencies in regulatory compliance. The fine is imposed for contravention of the provisions of certain directions issued by RBI on &lsquo...
Continue Reading... Category : RBI | Comments : 0 | Hits : 1329
- 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
