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Posted Date : 25-Jan-2019 , 11:06:59 am | Posted By CASANSAAR
ANNOUNCEMENT UDIN mandatory wef 1st Feb., 2019 for all Certificates It has been noticed that financial documents/ certificates attested by third person misrepresenting themselves as CA Members are misleading the Authorities and Stakeholders. ICAI is also receiving number of complaints ...
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Posted Date : 25-Jan-2019 , 11:05:45 am | Posted By CASANSAAR
An examinee may apply seeking inspection/certified copies of answer books, within 30 days from the date of declaration of respective result(s), with the applicable fee, online at http://icaiexam.icai.org and pay the applicable fee online. There is no provision for submission of such requests with la...
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Posted Date : 25-Jan-2019 , 11:04:24 am | Posted By CASANSAAR
No. IBBI/2019-20/GN/REG040. -In exercise of the powers conferred by clause (t) of subsection (1) of section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the following regulations further to amend the Ins...
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Posted Date : 25-Jan-2019 , 11:03:19 am | Posted By CASANSAAR
The Insolvency and Bankruptcy Code, 2016 provides for corporate insolvency resolution process for invitation, receipt, and consideration of resolution plans; and approval of a resolution plan to resolve insolvency of the corporate debtor. It envisages that a resolution plan, once approved, must be i...
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Posted Date : 24-Jan-2019 , 09:12:46 am | Posted By CASANSAAR
Employees of public financial institutions as well as those without any identifiable ultimate promoters will not be considered as depository participants under Sebi norms, according to a circular. The markets regulator on Wednesday issued a circular providing clarity on certain provisions o...
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Posted Date : 24-Jan-2019 , 09:09:04 am | Posted By CASANSAAR
The CBDT has directed the taxman to withdraw all appeal cases, pertaining to certain monetary limits and parameters, from various courts by this month-end as part of the government's drive to end frivolous litigations. CBDT Member (Revenue) Neena Kumar has recently written a letter to a...
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Posted Date : 24-Jan-2019 , 08:54:24 am | Posted By CASANSAAR
CA Piyush Goyal is likely to present the interim Budget on February 1 as he was on Wednesday given the additional charge of finance ministry as Arun Jaitley is in the US for medical treatment, sources said. Jaitley has undergone surgery at a hospital in New York on Tuesday and has been advised at...
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Posted Date : 24-Jan-2019 , 08:49:55 am | Posted By CASANSAAR
ICAI Press Release Extract The Institute of Chartered Accountants of India (ICAI) today announced the following results: Chartered Accountants Final Examination (Old/New Syllabus) held in November, 2018 Foundation Examination held in November, 2018 Common Proficiency Test (CPT) held in ...
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Posted Date : 23-Jan-2019 , 05:24:33 pm | Posted By CASANSAAR
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the creation of National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT). The National Bench of the Appellate Tribunal shall be situated at New Delhi. GSTAT shall be presided over by the President and...
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Posted Date : 23-Jan-2019 , 04:23:27 am | Posted By CASANSAAR
The Non-filers Monitoring System (NMS) aims to identify and monitor persons who enter into high value transactions and have potential tax liabilities but have still not filed their tax returns. Analysis was carried-out to identify non-filers about whom specific information was available in the datab...
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Posted Date : 23-Jan-2019 , 09:46:29 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) is all set to release the November 2018 examination results for CA Final and CA Foundation today, i.e., Wednesday, January 23, 2019. The CA Final and CA Foundation November 2018 results would be announced on ICAI official websites - icai.org,...
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Posted Date : 23-Jan-2019 , 09:00:30 am | Posted By CASANSAAR
A panel of state finance ministers Tuesday decided to scrutinise the GST collection on services by the states to find out if they are taxing them correctly, Bihar deputy chief minister Sushil Modi said. The panel has been formed by the GST Council to look into revenue shortfall being faced by the...
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Posted Date : 23-Jan-2019 , 08:58:03 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has signed the Memorandum of Understanding (MoU) with the Institute of Certified Public Accountants of Kenya (ICPAK) in Nairobi, Kenya on January 21, 2019. Signing of the MoU between ICAI & ICPAK would facilitate collaborative approach to id...
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Posted Date : 21-Jan-2019 , 11:35:01 am | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) has stated that certain news items that appeared in a section of media regarding enmasse issue of prosecution notices to small companies for TDS default are completely misleading and full of factual inaccuracies. CBDT clarified that Mumbai Income Tax TDS offi...
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Posted Date : 20-Jan-2019 , 11:28:16 pm | Posted By CASANSAAR
Non-filers of GST returns for 6 consecutive months will soon be barred from generating e-way bills for movement of goods. The Goods and Services Tax Network (GSTN) is developing such IT system that businesses who have not filed returns for two straight return filing cycle, which is 6 months, woul...
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Posted Date : 18-Jan-2019 , 08:11:49 am | Posted By CASANSAAR
The government is considering introducing the procedure of “deemed admission” of companies under the Insolvency and Bankruptcy Code (IBC) for faster resolution of debt-laden companies. In certain cases where the financial creditors have approached the National Company Law Tribunal (NC...
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Posted Date : 17-Jan-2019 , 09:39:04 am | Posted By CASANSAAR
The Union Cabinet on Wednesday approved an integrated income-tax e-filing and centralised processing centre (CPC) portal, which will reduce the return processing time from 63 days to just one day. The new portal is also expected to process the refunds within one day of filing of tax returns, in huge...
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Posted Date : 17-Jan-2019 , 09:37:09 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Wednesday allowed entities that are eligible to receive foreign direct investment (FDI) to raise external commercial borrowings (ECBs), by enabling them to raise funds through automatic route up to $750 million per year. The ECBs raised would be within the overa...
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Posted Date : 17-Jan-2019 , 09:35:45 am | Posted By CASANSAAR
Facing sustained pressure from start-ups and venture capital funds over the so-called angel tax, the government has relaxed norms for seeking exemptions from the controversial levy. The government, via a notification issued on Wednesday, scrapped the existing mechanism to approve start-ups applying ...
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Posted Date : 17-Jan-2019 , 09:34:19 am | Posted By CASANSAAR
Markets regulator Sebi has decided to allow mutual funds to write call options subject to certain conditions. Generally, call options refer to an agreement that gives a buyer the right to purchase an asset at a specified price within a particular time period. Currently, mutual fund schemes are pe...
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Posted Date : 17-Jan-2019 , 09:32:53 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on Bank of Maharashtra for deficiencies in regulatory compliance. According to the RBI, the fine was imposed by an order dated January 4, 2019 "for non-compliance with `Master Directions on Frauds-Classification and...
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Posted Date : 17-Jan-2019 , 09:26:22 am | Posted By CASANSAAR
A GST ministerial panel will suggest whether a uniform tax rate should be imposed on lotteries or the current differential tax rate system be continued, the Finance Ministry said Wednesday. Currently, a state-organised lottery attracts 12 per cent GST while a state-authorised lottery attrac...
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Posted Date : 17-Jan-2019 , 09:07:01 am | Posted By CASANSAAR
16th January, 2019 IMPORTANT ANNOUNCEMENT REG: May 2019 CA Examinations It has been brought to our notice that the probable date of commencement of May 2019 CA examinations and the time table there on are doing the rounds in the social media. It is hereby clarified that the timetable i...
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Posted Date : 16-Jan-2019 , 09:56:48 pm | Posted By CASANSAAR
The Union Cabinet today approved expenditure sanction of over 4200 crore rupees for Integrated E-filing and Centralized Processing Centre 2.0 Project. Union Minister Piyush Goyal said, it will help in improving tax payers' awareness and education through continuous engagement.&nbs...
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Posted Date : 16-Jan-2019 , 09:15:48 am | Posted By CASANSAAR
The Supreme Court on Tuesday reserved its judgment in petitions moved by opera­tional creditors challenging the validity of Insolvency and Bankruptcy Code (IBC). A two-judge Bench of Justice Rohinton Fali Nariman and Justice Navin Sinha was hearing the petitions moved by several operati...
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Posted Date : 16-Jan-2019 , 09:12:34 am | Posted By CASANSAAR
With middle-class apathy on the rise, Finance Minister Arun Jaitley may double the income tax exemption threshold for the salaried from the present Rs 2.5 lakhs to Rs 5 lakhs while also reinstating tax-free status for medical expenses and transport allowance, providing some relief to the section alr...
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Posted Date : 16-Jan-2019 , 09:05:42 am | Posted By CASANSAAR
Government has constituted a seven-member Group of Ministers (GoM) to boost the real estate sector under the GST regime. Deputy Chief Minister of Gujarat Nitin Patel will be the convener of the GoM. Finance Ministers of Maharashtra, Karnataka, Kerala, Punjab and Uttar Pradesh and the Panchayat Mi...
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Posted Date : 15-Jan-2019 , 10:51:30 am | Posted By CASANSAAR
The Reserve Bank of India has imposed a penalty of Rs 1 crore on Bajaj Finance for deficiencies in regulatory compliance. According to RBI, the penalty has been imposed, by an order on January 3, for violation of 'fair Practices Code of Master Direction DNBR'. "This ac...
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Posted Date : 15-Jan-2019 , 10:37:51 am | Posted By CASANSAAR
The Metropolitan Stock Exchange (MSE) has invited applications for the post of managing director and chief executive officer for a maximum term of five years, according to a public notice issued Monday. The candidate must be a qualified CA/MBA or equivalent with at least 15 years of relevant expe...
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Posted Date : 14-Jan-2019 , 07:33:23 am | Posted By CASANSAAR
Indian businesses may soon be able to amend goods and services tax (GST) return mandated for carrying forward tax credit from the previous regime for non-IT related errors as well. The GST Council has directed a committee for IT grievance redressal to quickly draw up a solution that will give relief...
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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
