Bank Branch Audit Update - No. of Bank Branch Auditors (Category Wise) Appointed & No. of Branches Audited
Posted Date : 01-Mar-2023 , 08:25:46 pm | Posted By CASANSAAR
Bank Branch Audit Update - Total No. of Bank Branch Auditors (Category wise) Appointed & Total No. of Bank Branches Audited...
Total No. of Bank Branch Statutory Auditors Appointed :-
- Individual Bank Wise Detail,
- CA Firm Category Wise Detail.
Total No. of Bank Branches ...
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Category :
Bank Branch Audit |
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GST collections rise 12% to Rs 1.49 lakh Cr in February 2023
Posted Date : 01-Mar-2023 , 08:16:16 pm | Posted By CASANSAAR
Over 1.49 lakh crore rupees gross Goods and Service, Tax revenue was collected in February. GST revenue collection has registered 12 per cent growth in February in comparison to the same period of the previous financial year. In February 2022, over one lakh 33 thousand crore rupees were collected as...
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GST |
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IBBI warns Registered Valuer for Cautious and Transparent while conducting Valuation
Posted Date : 02-Mar-2023 , 07:35:36 am | Posted By CASANSAAR
This Order disposes the Show Cause Notice (SCN) No. RV-13012/1/2022-IBBI/283/4233, dated 04.11.2022 issued to Ms. Gunjan Agarwal under rule 17 read with 15 of Companies (Registered Valuers and Valuation) Rules, 2017 (Valuation Rules). The Insolvency and Bankruptcy Board of India (IBBI/Board) has bee...
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ICAI |
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IBBI Suspends the Registration of Registered Valuer for a period of six months
Posted Date : 02-Mar-2023 , 07:28:55 am | Posted By CASANSAAR
This Order disposes the Show Cause Notice (SCN) No. RV-13012/1/2022-IBBI/284/4234, dated 04.11.2022 issued to Mr. Sandeep Kumar Agarwal under rule 17 read with 15 of Companies (Registered Valuers and Valuation) Rules, 2017 (Valuation Rules). The Insolvency and Bankruptcy Board of India (IBBI/Board) ...
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ICAI |
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Auditors of large firms to keep records in Entity DigiLocker
Posted Date : 28-Feb-2023 , 07:33:16 am | Posted By CASANSAAR
The proposed Entity DigiLocker is also likely to be used to improve the audit quality of top-tier and large companies, with the National Financial Reporting Authority (NFRA) planning to ask auditors of these firms to use the facility to store client records and audit files.
“The auditor can...
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Category :
Auditing |
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CBDT tightens Audit Reporting Norms for Charitable Trusts
Posted Date : 24-Feb-2023 , 07:43:38 am | Posted By CASANSAAR
Income tax authorities have tightened reporting norms for charitable trusts, with more information required in the audit reports and more responsibility on the auditor. The Central Board of Direct Taxes (CBDT) has notified changes in audit reports for charitable trusts. The audit report will be in F...
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CBDT |
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MCA allows extension for filing of certain forms till 31.03.2023 without payment of additional fees
Posted Date : 22-Feb-2023 , 09:57:01 am | Posted By CASANSAAR
Due to migration of MCA21 portal from Version 2 to Version 3.0 and change in way of filing in Version-3 and based on the request of Stakeholders, Ministry of Corporate Affairs (MCA) has decided vide General Circular 05/2023 to allow further additional time till 31.03.2023 for filing of 45 forms laun...
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MCA |
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CAs who lives in Singapore for 6 Months can become Member of Singapore Institute without Exam
Posted Date : 21-Feb-2023 , 09:30:08 pm | Posted By CASANSAAR
ICAI President CA. Aniket Sunil Talati has announced that the Chartered Accountants from India who lives in Singapore for more than 6 months can automatically acquire the membership of the Singapore Institute without an exam. CA. Aniket Sunil Talati was delivering a speech in Kolkata.
CLICK ON TH...
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ICAI |
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Income Tax Deptt puts income tax calculator live on income tax dept portal
Posted Date : 21-Feb-2023 , 08:12:32 am | Posted By CASANSAAR
Income tax department on Monday released a 'tax calculator' which will help an assessee decide if the new income tax regime announced in the Budget is good for him/her or if the old one is better.
The tax calculator is live on the income tax department's portal.
"...
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Category :
Income Tax |
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Recommendations of 49th GST Council Meeting
Posted Date : 18-Feb-2023 , 09:39:58 pm | Posted By CASANSAAR
The 49th GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in New Delhi today. The meeting was also attended by Union Minister of State for Finance Shri Pankaj Chaudhary besides Finance Ministers of States & UTs (with legislat...
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GST |
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CBDT notifies Income Tax Return Forms for Assessment Year 2023-24 well in advance
Posted Date : 15-Feb-2023 , 07:53:41 pm | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) has notified Income-tax Return Forms (ITR Forms) for the Assessment Year 2023-24 vide Notifications No. 04 & 05 of 2023 dated 10.02.2023 and 14.02.2023. These ITR forms will come into effect from 1st April, 2023 and have been notified well in advance...
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CBDT |
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Bank Branch Audit 2023 Updates - Join CA Sansaar official Telegram Channel
Posted Date : 13-Feb-2023 , 08:52:25 pm | Posted By CASANSAAR
ICAI had finalised the Bank Auditor's 2023 Panel and sent to RBI for further Process
RBI is finalising the Panel for Bank Branch Audit and will send it to Banks.
Click on the link below for more details.
https://youtu.be/yw...
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Category :
Bank Branch Audit |
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RBI directs financial institutions and NPCI to allow access to UPI to foreign nationals
Posted Date : 13-Feb-2023 , 08:21:19 am | Posted By CASANSAAR
The Reserve Bank has directed financial institutions and National Payments Corporation of India, NPCI to allow access to Unified Payments Interface (UPI) to foreign nationals and NRIs visiting India.
In a notification issued from Mumbai today, the facility should currently be extended only to tra...
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Category :
RBI |
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SEBI plans Forensic Audit of all Mutual Funds
Posted Date : 12-Feb-2023 , 08:41:40 pm | Posted By CASANSAAR
A day after issuing a consultation paper for tightening the responsibilities of mutual fund Trustees, Securities and Exchange Board of India (SEBI) is planning a forensic audit of all 44 mutual funds in the wake of the unfortunate events at Franklin Templeton India Mutual Fund and Axis Mutual Fund i...
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SEBI |
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Newly Elected President and Vice President of ICAI
Posted Date : 12-Feb-2023 , 05:13:59 pm | Posted By CASANSAAR
ICAI elects New Torchbearers for the year 2023-24.
The Council of the Institute of Chartered Accountants of India (ICAI) today elected its new President & Vice-President for the term 2023-24.
CA. Aniket Sunil Talati has been elected as the President and CA. Ranjeet Kumar Agarwal has been e...
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ICAI |
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IBBI Suspends Registration of IP for outsourcing his responsibilities
Posted Date : 23-Jul-2022 , 02:39:37 pm | Posted By CASANSAAR
This Order disposes the Show Cause Notice (SCN) No. IBBI/IP/INSP/2020/63/3525/526 dated 10th May 2022 issued to Mr. Anil Tayal, Insolvency Professional under section 220 of the Insolvency and Bankruptcy Code, 2016 (Code) read with regulation 13 of the Insolvency and Bankruptcy Board of India (Inspec...
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Category :
Insolvent Professional |
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Supreme Court permits companies to claim transitional tax credit
Posted Date : 23-Jul-2022 , 02:35:59 pm | Posted By CASANSAAR
In a judgement that could benefit many companies, the Supreme Court ruled on Friday that businesses that were unable to claim tax credits when the indirect tax system switched to the Goods and Services Tax (GST) would be able to do so.
A tax credit is a component of a company's tax ...
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Category :
GST |
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Over 40,000 GST returns for 2018-19 under scrutiny
Posted Date : 23-Jul-2022 , 02:35:09 pm | Posted By CASANSAAR
To curb fraudulent availment of input tax credit (ITC) and tax evasion, the Central Board of Indirect Taxes (CBIC) will soon identify about 40,000 goods and services tax (GST) returns for 2018-19, based on the risk parameters, for scrutiny.
This would be the second such batch of GST ret...
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Category :
Income Tax |
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Both houses of Parliament adjourned for the day amid ruckus over price rise and GST hike
Posted Date : 20-Jul-2022 , 08:26:56 am | Posted By CASANSAAR
Both the houses of Parliament have been adjourned for the day following uproar by the Opposition parties over price rise and GST hike.
In the Lok Sabha, when the House re-assembled at 2 P. M. after first adjournment, members of Opposition parties including Congress, DM...
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Category :
GST |
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Pass Percentage and Toppers of CA Final May 2022 Exam
Posted Date : 15-Jul-2022 , 11:22:41 am | Posted By CASANSAAR
ICAI has released Pass Percentage and Toppers of CA Final May 2022 Exam.
...
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Category :
CA Exams |
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Simplified regulatory framework for e-commerce exports of jewellery through courier mode
Posted Date : 15-Jul-2022 , 07:58:56 am | Posted By CASANSAAR
A simplified regulatory framework for e-commerce exports of jewellery through courier mode has been issued on 30.06.2022 by the Central Board of Indirect Taxes and Customs (CBIC) in the form of a Standard Operating Procedure (SOP).
The SOP details the handling, movement...
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Category :
GST |
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CBI registers two separate cases in connection to Rs 2100 Cr bank fraud
Posted Date : 12-Jul-2022 , 08:54:58 pm | Posted By CASANSAAR
The Central Bureau of Investigation (CBI) on Monday registered a case against a Mumbai-based private company over the allegations of causing a loss worth about Rs 1,438.45 crore to the State Bank of India and four other consortium member banks.
The accuse...
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Category :
Banking |
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Govt aims to move bank privatisation bill in Monsoon session
Posted Date : 12-Jul-2022 , 09:21:32 am | Posted By CASANSAAR
The legislation for privatisation of select-public sector banks, which is considered to be in the offing for past few months, could be introduced in the upcoming Monsoon Session of the Parliament, sources told CNBC TV18 on July 11.
Both the houses of Parl...
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Category :
Income Tax |
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RBI has imposed restrictions, withdrawal caps on 4 co-operative banks
Posted Date : 10-Jul-2022 , 10:24:12 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Friday imposed various restrictions on on four cooperative banks. The restrictions have been imposed for six months and it includes cap on withdrawals for the depositors.
The central ban k of India has imposed rest...
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Category :
RBI |
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RBI penalises Federal Bank and Bank of India for violating its regulations
Posted Date : 09-Jul-2022 , 08:18:31 am | Posted By CASANSAAR
The Reserve Bank of India (RBI), on Friday, imposed a monetary penalty of Rs 5.72 crore on Federal Bank Ltd., Rs 70 lakh on Bank of India and Rs 7.60 lakh on Dhani Loans and Services Ltd. for violating the provisions of its regulations.
RBI imposed a mone...
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Category :
RBI |
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0 | Hits : 460
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SEBI cautions public against fraudulent messages on money refund
Posted Date : 08-Jul-2022 , 07:53:29 am | Posted By CASANSAAR
Capital markets regulator Sebi on Thursday warned investors against fraudulent phone calls, emails and messages about refund of money.
This comes after the Securities and Exchange Board of India (Sebi) noticed that unscrupulous individuals are tryin...
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SEBI |
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GST is not applicable on perks to employees - CBIC
Posted Date : 08-Jul-2022 , 07:46:46 am | Posted By CASANSAAR
A wide range of benefits such as free beverages, canteen facilities, free parking space, journal subscriptions or even group medical insurance provided by business entities to its employees in terms of a contractual agreement between the two, will not be subject to Goods and Se...
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Category :
GST |
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Public Sector Banks shut down 2,044 Branches in FY22
Posted Date : 07-Jul-2022 , 08:43:12 am | Posted By CASANSAAR
Indian government-owned banks saw a reduction of 2,044 branches and about 13,000 employees in 2022 over the previous year, a major bank employees union said in Sunday.
On the other hand, the number of branches of private banks went up by 4,023 to 34,342 b...
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Category :
Banking |
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Govt plans to make GST e-invoicing must for companies with Rs 5 Cr turnover
Posted Date : 05-Jul-2022 , 09:51:16 pm | Posted By CASANSAAR
The government is planning to make GST e-invoicing mandatory for companies with a turnover of Rs 5 crore and above, thus bringing the threshold down from the current Rs 20 crore, according to a government official.
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Category :
GST |
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SEBI asks Exchanges, , Depositories to Set Up Online Complaint Redressal System
Posted Date : 05-Jul-2022 , 12:35:17 pm | Posted By CASANSAAR
Market regulator Sebi on Monday asked stock exchanges and depositories to launch an online complaints redressal system of their own within six months.
This is in line with the online platform, SCORES, launched by the capital markets regulator in June 2011...
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SEBI |
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