-
Posted Date : 16-Nov-2018 , 07:35:35 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) today cancelled certificate of registration of 65 NBFCs through two separate notifications for unspecified reasons. Most of these NBFCs are in Delhi, while a few of them are in Uttar Pradesh and Haryana. While only one each are from Ahmedabad and Coimbatore. The...
Continue Reading... Category : RBI | Comments : 0 | Hits : 593
-
Posted Date : 16-Nov-2018 , 07:29:45 am | Posted By CASANSAAR
Authorities impounded a car being sent by a dealer from Puducherry to Thiruvananthapuram for personal use of his customer without an e-way bill. It has to be generated if goods worth more than Rs 50,000 are transported, but is not applicable on goods for personal consumption. The matter went to the ...
Continue Reading... Category : GST | Comments : 0 | Hits : 339
-
Posted Date : 15-Nov-2018 , 01:09:30 pm | Posted By CASANSAAR
The Reserve Bank said Wednesday it has imposed a penalty of over Rs 3 crore on Deutsche Bank for non-compliance of various norms, including asset classification and KYC. The RBI also slapped a fine of Rs 3 crore on state-owned Jammu and Kashmir Bank Ltd for violating similar norms. The R...
Continue Reading... Category : RBI | Comments : 0 | Hits : 376
-
Posted Date : 15-Nov-2018 , 01:07:19 pm | Posted By CASANSAAR
Five years after the Companies Act, 2013 provided for the creation of a National Financial Reporting Authority, an audit super regulator of sorts, the government has taken a step towards its creation. The Ministry of Corporate Affairs has notified rules determining the jurisdiction,...
Continue Reading... Category : NFRA | Comments : 0 | Hits : 945
-
Posted Date : 15-Nov-2018 , 01:03:00 pm | Posted By CASANSAAR
Three men have been arrested for generating fake bills worth Rs 1,200 crore under the new Goods and Services Tax (GST) regime by the income tax department in Bengaluru after a two-month long investigation, officials said on Thursday. The three men identified as Suhail, Basha and Hafeezur were arr...
Continue Reading... Category : GST | Comments : 0 | Hits : 530
-
Posted Date : 15-Nov-2018 , 12:53:55 pm | Posted By CASANSAAR
Banks have got more time to resolve stressed assets as the Supreme Court has asked the parties to segregate all petitions related to the Reserve Bank of India’s (RBI) February 12 circular in to two buckets — those challenging the constitutional validity of insolvency proceedings and thos...
Continue Reading... Category : Insolvent Professional | Comments : 0 | Hits : 415
-
Posted Date : 15-Nov-2018 , 12:48:47 pm | Posted By CASANSAAR
The Income Tax Department is "chasing" 80,000 cases where people have not filed their returns post-demonetisation, despite the taxman sending them notices to do so, a senior official said on Wednesday. After inaugurating a stall of the Income Tax Department at the India International Trade...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 515
-
Posted Date : 15-Nov-2018 , 12:45:47 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) has declined to pass on information about non-performing assets (NPAs) and loan defaulters that the Securities and Exchange Board of India (Sebi) has asked for in the past year, according to two people with knowledge of the development. The banking regulator&...
Continue Reading... Category : RBI | Comments : 0 | Hits : 329
-
Posted Date : 14-Nov-2018 , 09:24:35 am | Posted By CASANSAAR
At a time when the telecom industry is facing a severe financial distress, the government is understood to have ordered a comprehensive audit of their financial filings on suspicion of under-reporting of revenues. The government, which gains revenues from the sector as a percentage of their adjus...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 810
-
Posted Date : 14-Nov-2018 , 09:12:39 am | Posted By CASANSAAR
The board of Union Bank of India has cleared a proposal to raise up to Rs 600 crore by issuing shares to its staff under the employee share purchase scheme. The proposal was approved in a board meeting on Monday, the bank said in a regulatory filing. The bank proposes to raise capital through iss...
Continue Reading... Category : Banking | Comments : 0 | Hits : 323
-
Posted Date : 14-Nov-2018 , 09:04:12 am | Posted By CASANSAAR
A division bench of Justices AS Dave and Biren Vaishnav of Gujarat High Court has ruled that misconduct proceedings cannot be initiated against advocates, chartered accountants, and cost accountants under the Gujarat VAT Act. The bench also ruled that the respective professional bodies — Bar C...
Continue Reading... Category : VAT | Comments : 0 | Hits : 690
-
Posted Date : 14-Nov-2018 , 09:01:15 am | Posted By CASANSAAR
The government is of the view that the Reserve Bank should resort to Basel III norms for capital adequacy in banks rather than the present stricter guidelines which restrict the lending capacity of lenders, sources said. Currently, the RBI applies stricter norms and not those specified unde...
Continue Reading... Category : RBI | Comments : 0 | Hits : 953
-
Posted Date : 14-Nov-2018 , 08:43:21 am | Posted By CASANSAAR
Markets regulator SEBI asked credit rating agencies (CRAs) to analyse the deterioration in the liquidity conditions of the issuer and take into account any asset-liability mismatch while reviewing ratings. Besides, SEBI has introduced a specific section on liquidity among key rating drivers that ...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 310
-
Posted Date : 13-Nov-2018 , 09:43:47 am | Posted By CASANSAAR
Even as the government and the central bank remain reluctant to make the names of wilful defaulters public, four state owned banks have already made this information available on their websites. On November 2, the Central Information Commission sent a notice to the RBI and PM’s office askin...
Continue Reading... Category : Banking | Comments : 0 | Hits : 471
-
Posted Date : 12-Nov-2018 , 07:00:23 am | Posted By CASANSAAR
Check your Polling Booth Detail for ICAI Election - Northern Region. Click on the link & Enter your Membership No. (MRN) without useing zero before that. i.e. if your Membership no. is 2134 then dont use 002134, only enter 2134 or if your Membership no. is 98765 the...
Continue Reading... Category : ICAI Election | Comments : 0 | Hits : 3519
-
Posted Date : 12-Nov-2018 , 12:12:03 pm | Posted By CASANSAAR
Three IRS officers have been appointed as new members in the CBDT, the policy-making body for the Income Tax (I-T) Department. The officers P K Dash, Akhilesh Ranjan and Neena Kumar, are from the 1982-batch of the Indian Revenue Service (IRS) and have taken charge of their posts in the Central Bo...
Continue Reading... Category : RBI | Comments : 0 | Hits : 492
-
Posted Date : 12-Nov-2018 , 12:04:04 pm | Posted By CASANSAAR
Three IRS officers have been appointed as new members in the CBDT, the policy-making body for the Income Tax (I-T) Department. The officers P K Dash, Akhilesh Ranjan and Neena Kumar, are from the 1982-batch of the Indian Revenue Service (IRS) and have taken charge of their posts in the Central Bo...
Continue Reading... Category : CBDT | Comments : 0 | Hits : 347
-
Posted Date : 09-Nov-2018 , 09:53:27 pm | Posted By CASANSAAR
The Reserve Bank of India on Friday cancelled the certificate of registrations of as many as 31 non-banking finance companies (NBFCs) for unspecified reasons. It also cancelled the certificate of registrations of 17 NBFCs following a request by them for the same. The action comes amid diffi...
Continue Reading... Category : RBI | Comments : 0 | Hits : 634
-
Posted Date : 09-Nov-2018 , 09:44:20 pm | Posted By CASANSAAR
The High Court recently imposed an ‘exemplary cost’ of Rs 1 lakh on the Commissioner of Service Tax (Appeals) Suresh Kumar, which he has to pay “from his personal funds”. The fine came after what the HC termed was a “total callous, negligent and disrespectful behaviour ...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 893
-
Posted Date : 09-Nov-2018 , 08:54:35 pm | Posted By CASANSAAR
The GST Act provides for allotting a Unique Identification Number (UIN) to Consulates, Embassies and other UN Organizations to enable such entities to claim refund of GST paid. One of the conditions for claiming this refund is to file Invoice Level Data in their FORM GSTR-11 on the common ...
Continue Reading... Category : GST | Comments : 0 | Hits : 415
-
Posted Date : 09-Nov-2018 , 04:57:32 am | Posted By CASANSAAR
Election Manifesto of KHURANA VIVEK - CC S. N. 13 Respected Professional Colleagues, With the grace of almighty God and your continuing support, I have offered my candidature for ensuing election to the Central Council (CC - North) and seek your kind first preference vote and support. I a...
Continue Reading... Category : ICAI Election | Comments : 0 | Hits : 1266
-
Posted Date : 09-Nov-2018 , 09:26:14 am | Posted By CASANSAAR
The government expects four public sector banks (PSBs) to graduate from the Reserve Bank’s prompt corrective action framework based on their improved financial performance. The government will cite this to persuade RBI to relax the PCA regime for the remaining seven banks so that they...
Continue Reading... Category : Banking | Comments : 0 | Hits : 591
-
Posted Date : 09-Nov-2018 , 09:24:13 am | Posted By CASANSAAR
There are concerns being raised about growing pendency of GST Refunds. Exporters arereassured that there is no le-tup in the sanction of GST refunds. The disposal rate is consistently improving month-on-month. As on 31st October, 2018, total GST refunds to the tune of Rs 82,775 crore have been dispo...
Continue Reading... Category : GST | Comments : 0 | Hits : 466
-
Posted Date : 09-Nov-2018 , 09:21:27 am | Posted By CASANSAAR
The Reserve Bank of India on Wednesday liberalised the norms governing foreign borrowings for infrastructure creation. The central bank in a notification said that the minimum average maturity requirement for the External Commercial Borrowings, ECBs in the infrastructure space raised by eli...
Continue Reading... Category : RBI | Comments : 0 | Hits : 323
-
Posted Date : 09-Nov-2018 , 09:15:33 am | Posted By CASANSAAR
Members are hereby informed that the next Information Systems Audit (ISA) Course Assessment Test which is open to the members of the Institute, will be held on 22nd December, 2018 (Saturday) from 9.00 AM to 1.00 PM (IST). An application for admission to the Assessment Test is required to be submi...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 601
-
Posted Date : 09-Nov-2018 , 09:09:56 am | Posted By CASANSAAR
It is brought to the knowledge of all members eligible to vote that the Central Government has notified the amendments made in the Chartered Accountants (Election to the Council) Rules, 2006 in the Gazette of India vide Notification No. GSR 796E dated 23rd August, 2018. One of the amendments so made...
Continue Reading... Category : ICAI Election | Comments : 0 | Hits : 376
-
Posted Date : 09-Nov-2018 , 09:07:15 am | Posted By CASANSAAR
The stage is all set for the triennial elections to the Council and the Regional Councils of the Institute of Chartered Accountants of India. The next elections to the Council and Regional Councils of the Institute will be held on 7th and 8th December 2018 at Ahmedabad, Bengaluru, Chennai, Delhi/New...
Continue Reading... Category : ICAI Election | Comments : 0 | Hits : 441
-
Posted Date : 06-Nov-2018 , 09:39:07 am | Posted By CASANSAAR
Mumbai-based newly-licenced bank Fino Payments Bank has been slapped a fine of Rs 1 crore by the central bank, said the Reserve Bank of India in a press note on its website on Wednesday. “The Reserve Bank of India (RBI) has, on October 31, 2018, imposed a monetary penalty of Rs 1 cror...
Continue Reading... Category : RBI | Comments : 0 | Hits : 373
-
Posted Date : 05-Nov-2018 , 10:15:43 pm | Posted By CASANSAAR
The Income Tax Department will apparently seek details of trading worth thousand crores and more on equity exchanges which have been carried out a few years ago using fake Permanent Account Number (PAN) cards. According to a preliminary probe by Multi Commodity Exchange (MCX) between 2012 and 2015, ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 727
-
Posted Date : 05-Nov-2018 , 09:09:42 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has notified the candidates appearing in the CA examination in November will be able to submit observations on the question paper, if any. Candidates will be able to submit their observations by way of email or letter. The observations should be...
Continue Reading... Category : CA Exams | Comments : 0 | Hits : 990
- 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
