Webcasts for CA Students: Intermediate (IPC) Course, Final Course and Accounting Standards
Posted Date : 06-Sep-2013 , 03:52:11 pm | Posted By CASANSAAR
The Board of Studies of the Institute is organizing Webcasts on Accounting Standards and respective subjects of the Intermediate (IPC) Course and Final Course on Saturdays from 1.00 p.m. to 5.00 p.m. and/ or Sundays from 10.00 a.m. to 2.00 p.m. in July-September, 2013.The Subject specific we...
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Students Zone |
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RBI asks Kerala temples how much gold they have
Posted Date : 06-Sep-2013 , 08:32:46 am | Posted By CASANSAAR
Temple boards in Kerala have received a letter from the Reserve Bank of India (RBI) seeking details of the stock of gold in their possession, a temple board official said today.
Speaking to IANS, a top official of the famous Guruvayoor Devasom Board said a letter had been received from the RBI seek...
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RBI |
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FAQ on Tax Audit - How Many Tax Audit Report a Partner in CA firm can sign?
Posted Date : 06-Sep-2013 , 08:22:18 am | Posted By CASANSAAR
Question: If there are 10 partners in a firm of Chartered Accountants, then how many tax audits reports can each partner sign in a financial year?
Answer: As per Chapter VI of Council General Guidelines, 2008 (Tax AuditAssignments under Section 44AB...
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Income Tax |
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Bakshi set for battle against McDonald's over charges of cooking accounts
Posted Date : 06-Sep-2013 , 08:11:59 am | Posted By CASANSAAR
The battle between McDonald's and its former India managing director Vikram Bakshi seems to have escalated, with Bakshi challenging the questions raised on his functioning by the US fast-food giant at its board meeting on August 6.
According to sources close to the promoters, McDonald's t...
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Accounts |
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RBI allows cash withdrawal of upto Rs 1,000/day via prepaid cards
Posted Date : 06-Sep-2013 , 08:06:38 am | Posted By CASANSAAR
The Reserve Bank today allowed cash withdrawals of up to Rs 1,000 a day through prepaid cards, including gift cards, issued by banks from point of sale terminals, a move aimed at enhancing customer convenience in using plastic money. As of now, this facility was available only to debit cards is...
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RBI |
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EPFO to start online facility on Friday to view updated accounts
Posted Date : 06-Sep-2013 , 08:02:20 am | Posted By CASANSAAR
Retirement fund managervEPFO will launch an online facility on Friday where over 5 crore subscribers can view their updated accounts. "We will launch the facility tomorrow where subscribers can track their accounts online on a real-time basis and check their updated accounts," EPFO's ...
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General |
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Income tax department alerts taxpayers to fake mobile apps
Posted Date : 05-Sep-2013 , 10:29:10 am | Posted By CASANSAAR
After alerting taxpayers to fraudulent emails promising fake refunds and other services, the income tax (I-T) department has now alerted the public to fake mobile applications that compromise confidential financial information.
The department has warned taxpayers that illegal mobile applicati...
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Income Tax |
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Sebi to adopt global norms for financial market infrastructures
Posted Date : 05-Sep-2013 , 10:16:55 am | Posted By CASANSAAR
To safeguard investors as well as the market from systemic risks emanating from Financial Market Infrastructures, Sebihas decided to adopt 24 standard global principles for such institutions.These principles will apply to all clearing corporations and depositories present in the Indian securiti...
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SEBI |
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Income- tax department notices to 24 NSEL borrowers
Posted Date : 05-Sep-2013 , 10:10:31 am | Posted By CASANSAAR
The income-tax department will issue notices to two dozen borrowers on the National Spot Exchange (NSEL) as their probe so far has revealed that most of the trades undertaken by them were not backed by underlying commodities."We will be summoning the borrowers shortly as an examination of their book...
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Income Tax |
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Notification for Deadline of Renewal of Library Card of NRO-Library, Vishwas Nagar
Posted Date : 04-Sep-2013 , 07:29:54 pm | Posted By CASANSAAR
This is the last call to students who are members of NRO-library to get their old cards renewed (red and green ticket holders). Further, those students who had deposited Rs 500/- as security amount and are carrying computerized card are also requested to renew their library cards by depositing addit...
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Students Zone |
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Economic slowdown hits CA recruitment
Posted Date : 04-Sep-2013 , 08:52:02 am | Posted By CASANSAAR
Of the 4,800 fresh CAs enrolled for placements, only 112 have got job offers in the last 1 month
Slowing economic growth seems to have taken its toll on another profession—chartered accountancy. Fewer companies are recruiting chartered accountants, or CAs, whose job spans auditing and accou...
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Category :
ICAI |
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Raghuram Rajan to take over as RBI governor
Posted Date : 04-Sep-2013 , 08:46:13 am | Posted By CASANSAAR
Raghuram Govind Rajan, chief economic advisor in the finance ministry, is scheduled to take over as governor of the Reserve Bank of India (RBI) Wednesday.
At 50, Rajan will be among the youngest to occupy the high office at Mint Street in Mumbai, where he takes over from incu...
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RBI |
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NFRA not to impact functions of accounting regulator ICAI
Posted Date : 04-Sep-2013 , 08:02:14 am | Posted By CASANSAAR
The setting up of National Financial Reporting Authority (NFRA), a quasi-judicial body, will not impact the role of accounting regulator ICAI, an official said today. Under the new companies law, the government would be setting up the National Financial Reporting Authority (NFRA)...
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ICAI |
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0 | Hits : 485
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RBI stops down payment scheme for home loans
Posted Date : 03-Sep-2013 , 09:06:20 pm | Posted By CASANSAAR
The Reserve Bank on Tuesday asked banks to link the disbursal of home loans to stages of construction to protect the interests of buyers and contain the fallout of "innovative" housing financing schemes.
"In view of the higher risks associated with such lump-sum disbursal of sanctioned housing lo...
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Banking |
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Govt may ban use of Gmail, Yahoo in official communications
Posted Date : 03-Sep-2013 , 08:38:13 pm | Posted By CASANSAAR
Wary of cyber snooping, the government may ban use of e-mail services like Gmail and Yahoo for official communications so as to safeguard its critical data.
Department of Electronics and Information Technology is drafting a policy on e-mail usage in gov...
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General |
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Corporate Social Responsibility and Sustainability Provision for the Central Public Sector Enterprises
Posted Date : 03-Sep-2013 , 08:35:34 pm | Posted By CASANSAAR
The Department of Public Enterprises (DPE) has issued guidelines on Corporate Social Responsibility (CSR) and Sustainability for Central Public Sector Enterprises (CPSEs) in April, 2013 wherein each CPSE shall, with the approval of its Board of Directors, make a budgetary allocation for CSR and Sust...
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Category :
Corporate Law |
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Microsoft to acquire Nokia's handset business for $7.2 billion
Posted Date : 03-Sep-2013 , 09:47:47 am | Posted By CASANSAAR
Microsoft Corp on Tuesday said it would buy Nokia's mobile phone business for 5.44 billion euros ($7.2 billion), and the Finnish firm said its CEO, Stephen Elop, would join Microsoft when the transaction closed. Finland's Nokia, once the undisputed leader in mobile phones, has be...
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Category :
International Business |
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NSEL defaulters used dummy accounts: I-T dept
Posted Date : 03-Sep-2013 , 08:14:11 am | Posted By CASANSAAR
The income tax (I-T) department has found that at least one of the big defaulters on National Spot Exchange Limited (NSEL) was using dummy bank accounts, suggesting the matter may be more than just a simple payments default. The I-T department is investigating whether the amounts invested were decla...
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Category :
Income Tax |
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Companies Bill: New legislation to govern firms enacted
Posted Date : 03-Sep-2013 , 08:13:12 am | Posted By CASANSAAR
The landmark Companies Bill has been enacted, replacing the nearly six-decade old regulations that governed corporates in the country. After being approved by Parliament last month and receiving assent from PresidentPranab Mukherjee, the new laws have been now Gazetted. "The historic ...
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Corporate Law |
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Sebi clamps down on launches of gold ETFs
Posted Date : 03-Sep-2013 , 08:11:45 am | Posted By CASANSAAR
Market regulator Sebi has clamped down on new launches of gold exchange traded funds (Gold-ETFs) as the product is seen to be fueling demand for the yellow metal and contributing significantly to the current account deficit. The market watchdog has turned down a number of applications for new gold E...
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SEBI |
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TCS selected for Rs 200 cr Income Tax Department project
Posted Date : 03-Sep-2013 , 08:03:22 am | Posted By CASANSAAR
As part of its latest technology upgrade exercise, the income-tax (I-T) department has selected Tata Consultancy Services (TCS), the country’s largest information technology (IT) services company, to implement an I-T upgrade project worth Rs 200 crore. The five-year project involves upgrading ...
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Category :
Income Tax |
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Interest on tax refunds haunts Government
Posted Date : 02-Sep-2013 , 08:26:15 am | Posted By CASANSAAR
Delayed direct tax refunds and the high interest outgo are proving to be a headache for the government.
Even as thousands await refunds for the 2011-12 fiscal, the Public Accounts Committee (PAC) of Parliament has called revenue secretary Sumit Bose and attorney general GE Vahanvati&nb...
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Income Tax |
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MCA plans social media initiatives to create more awareness
Posted Date : 02-Sep-2013 , 08:21:59 am | Posted By CASANSAAR
To reach out and create more awareness among the general public, the Corporate Affairs Ministry plans to unleash online initiatives by tapping Twitter, Facebook and other avenues.
The proposal also comes against the backdrop of rising incidents of common man getting duped by fraudulent scheme...
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Category :
Corporate Law |
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ICAI seeks powers to regulate CA coaching institutes
Posted Date : 01-Sep-2013 , 08:55:14 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India wants the central government to empower the ICAI to regulate, monitor and improve the quality of coaching, and also to save students from paying high amounts of fee.
This has become necessary as some corporate colleges in Andhra Pradesh and so...
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ICAI |
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Petrol price hiked by Rs. 2.35 a litre, diesel by 50 paise
Posted Date : 31-Aug-2013 , 07:45:48 pm | Posted By CASANSAAR
Petrol price was on Saturday hiked by a steep Rs. 2.35 per litre, the sixth increase in rates in three months, and diesel by 50 paise per litre on falling rupee and firming international oil prices.
The increase in rates, which will be effective Saturday midnight, are excluding local sales ...
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General |
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US launches investigation against Indian trade practices
Posted Date : 31-Aug-2013 , 12:31:01 pm | Posted By CASANSAAR
A US Federal agency has launched an investigation into Indian trade policies which allegedly discriminate against the American trade and investment.
The investigation, "Trade, Investment and Industrial Policies in India: Effects on the US Economy", was requested jointly by the Senate Commit...
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International Business |
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Companies Act, 2013: Will Auditors become a vanishing breed?
Posted Date : 31-Aug-2013 , 09:41:27 am | Posted By CASANSAAR
Soon after the Rajya Sabha passed the new Companies Bill, corporate affairs ministerSachin Pilot hogged the limelight by asserting that the basic intent of the new law was lesser regulation, more compliance and to ignite the entrepreneurial spirit by offering "freedom" to entrepreneurs.What's i...
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Corporate Law |
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0 | Hits : 2426
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RBI plans to request Tirupati, Shirdi shrines to sell their gold pile to rescue Re fall
Posted Date : 31-Aug-2013 , 09:36:23 am | Posted By CASANSAAR
With all efforts to arrest the rupee's slide coming to a naught, policymakers now plan to knock on the doors of temples — from Tirupati to Shirdi — seeking a boon to feed Indians' fetish for gold without importing it.The Reserve Bank of India, which has been making gold im...
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RBI |
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Tax Evasion by Foreign Companies
Posted Date : 30-Aug-2013 , 09:31:45 pm | Posted By CASANSAAR
Data on dollars transferred abroad by foreign companies in India is not centrally maintained by the government. However, with a view to prevent shifting of profits out of India and consequent erosion of the Indian tax base, selected international transactions undertaken are analysed every ...
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Category :
Income Tax |
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0 | Hits : 326
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Scrunity of NGOs
Posted Date : 30-Aug-2013 , 09:29:54 pm | Posted By CASANSAAR
Details of Non-Governmental Organizations (NGOs) exempted from tax with regard to foreign donations received by them is not centrally maintained in Central Board of Direct Taxes (CBDT). However, details of foreign donation disclosed under Foreign Currency Regulation Act (FCRA). 2010 is maintained in...
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Income Tax |
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0 | Hits : 381
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