Sleuths make first arrest of service tax defaulter
Posted Date : 06-Aug-2013 , 07:37:21 am | Posted By CASANSAAR
The first arrest of a service tax defaulter in the country has been made after government got the powers recently to crack the whip on evaders. A courier company owner was arrested for allegedly evading service tax of about Rs 70 lakh in the first such case after Finance Minister...
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Service Tax |
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15 months training with Law Firms, Consultancy Firms, Financial Institutions - ICSI
Posted Date : 05-Aug-2013 , 07:33:57 pm | Posted By CASANSAAR
The Council of the Institute has approved the following decisions pertaining to training of the students of the Company Secretaryship Course.:
A) 15 months training with Law Firms, Consultancy Firms, Financial Institutions
The Council of the Institute has allowed imp...
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Students Zone |
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0 | Hits : 941
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Income-tax department gets more teeth to conduct Special Audit
Posted Date : 05-Aug-2013 , 08:44:19 am | Posted By CASANSAAR
When DLF Commercial Projects Corporation - a partnership firm in which India's largest real estate firm, DLF, held 74% - filed its income-tax returns in September 2009, declaring a loss of 20.1 crore, the assessing officer could not understand certain transactions. One such transaction was...
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Income Tax |
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One-third of over 13 lakh registered Companies in India inactive
Posted Date : 05-Aug-2013 , 08:16:31 am | Posted By CASANSAAR
The country might have more than 13 lakh registered companies but over one-third of them are either inactive or closed.
With increasing business activities, the count of new companies is on the rise with as many as 1.5 lakh firms getting registered in one-and-a-half years, ac...
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Corporate Law |
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0 | Hits : 412
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RBI's liquidity tightening threatens to take toll on banks' asset quality
Posted Date : 05-Aug-2013 , 08:11:51 am | Posted By CASANSAAR
The Reserve Bank of India's recent liquidity tightening measures, which threaten to take a fresh toll on banks' asset quality, come at a time when commercial banks led by the public sector brigade were beginning to see visible results in their crack down on runaway non-performing loans.
For...
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RBI |
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Income tax e-filing: cyber criminals trying to steal financial data
Posted Date : 04-Aug-2013 , 05:46:56 pm | Posted By CASANSAAR
As income tax e-filing picks up pace due to last minute rush, are busy using phishing e-mails and fake ads to steal confidential financial data of users, cyber security firm McAfee said on Sunday.
Cyber criminals try to take advantage of the rush during the last days of e-filing as tax payers...
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Income Tax |
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E-filing of I-T returns crosses one-crore mark
Posted Date : 04-Aug-2013 , 05:37:13 pm | Posted By CASANSAAR
The e-filing of income taxreturns has crossed the one crore mark with the maximum of such filings done by the salaried class of taxpayers. In a latest data released by the Central Processing Centre (CPC) of the I-T department based in Bangalore, a total of 1,03,21,775 e-returns w...
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Income Tax |
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Why you shouldn’t rush to file your tax returns by 5 Aug
Posted Date : 03-Aug-2013 , 08:50:31 am | Posted By CASANSAAR
The income tax law sets out two deadlines for filing your returns in the financial year just gone by: 31 July is the default date; 30 September is the last date for companies and all others who need to get their accounts audited. The Central Board of Direct Taxes (CBDT) has extended the last date fo...
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Income Tax |
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3 | Hits : 1440
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Sebi bars SMC Global from taking up new assignment for 3 months
Posted Date : 03-Aug-2013 , 08:48:33 am | Posted By CASANSAAR
Market watchdog Sebi today barred SMC Global Securities Ltd from taking up any new assignment for three months for violations related to reporting of margin and delay in collection of dues from trading members. The Securities and Exchange Board of India(Sebi), in its order, ...
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SEBI |
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Modification in the Scheme for Providing Inspection/Certified Copies of Evaluated Answer Books to the Concerned Examinees
Posted Date : 02-Aug-2013 , 08:34:21 pm | Posted By CASANSAAR
The Council, at its 326th meeting held on 27-29th July 2013 decided that the followingmodifications be made in the existing scheme for providing certified copies/inspection ofevaluated answer books to the examinees:
1. The time limit for preferring an application by an examinee for inspecti...
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Students Zone |
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Creation of the Special National Investment Fund
Posted Date : 02-Aug-2013 , 08:25:45 pm | Posted By CASANSAAR
The Cabinet Committee on Economic Affairs has approved creation of the Special National Investment Fund for the specific objective of meeting the minimum public shareholding of 10 percent requirement in the following six Central Public Sector Enterprises (CPSEs). (i) Andrew Yule & Company L...
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Corporate Law |
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5,000 Cos comply with Mandatory Cost Audit: ICAI
Posted Date : 02-Aug-2013 , 07:17:48 am | Posted By CASANSAAR
In the first full year, over 5,000 companies have complied with the Ministry of Company Affairs order on mandatory cost audit.
In May 2011, MCA made cost audit mandatory for manufacturing units in sectors such as cement, tyre, steel, fertiliser, bulk drugs, formulations, sugar, paper, insec...
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ICWAI |
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Radia tapes: SC pulls up Income Tax department, CBI for not acting on information
Posted Date : 02-Aug-2013 , 07:15:02 am | Posted By CASANSAAR
The Supreme Court today sharply criticised the IT Department and the CBI for not taking any action on the controversial Niira Radia tapes, saying it was "not a happy situation" that every government action should only follow court orders. In the tapes, corporate lobbyist Nii...
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General |
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0 | Hits : 248
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Cabinet panel approves ‘dilution of safeguards’ for FDI in multibrand retail
Posted Date : 02-Aug-2013 , 07:04:00 am | Posted By CASANSAAR
The Cabinet Committee on Economic Affairs (CCEA) on Thursday approved “dilution” of certain safeguards including relaxing the 30 per cent sourcing norm and dropping the mandatory 50 per cent condition for backend infrastructure investment which were approved by Parliament while allowing ...
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Finance |
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Special Arrangements for Receipts of Returns during 1ST to 5TH August 2013 Including on Saturday and Sunday
Posted Date : 01-Aug-2013 , 08:20:29 pm | Posted By CASANSAAR
As a measure of taxpayer convenience, Central Board of Direct Taxes (CBDT) has extended the ‘due date’ for filing Returns of Income for A.Y. 2013-14 by Individuals, HUFs and non-auditable cases from 31st July, 2013 to 5th August, 2013. The field offices have been asked to make speci...
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Income Tax |
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Revised syllabus of selected papers of Intermediate and Final Courses - ICAI
Posted Date : 01-Aug-2013 , 07:53:29 pm | Posted By CASANSAAR
Sub: Revision of syllabus of Group – I – Paper- 4 - Taxation – Part – II andGroup – II – Paper – 7 - Section A: Information Technology ofIntermediate (IPC) Course;
and
Group – II – Paper – 6 Information Systems Control and Aud...
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Students Zone |
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Pass Percentage & Toppers of of CA IPC Exams, May 2013
Posted Date : 01-Aug-2013 , 08:43:02 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) announced the result of Chartered Accountants Intermediate (IPC) Examination held in May, 2013.
DETAILS OF CANDIDATES PASSED IN CHARTERED ACCOUNTANTSINTERMEDIATE (IPC) EXAMINATION HELD IN May – 2013
...
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Students Zone |
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Sebi reduces FII debt limit utilisation period by 2 days
Posted Date : 01-Aug-2013 , 08:38:15 am | Posted By CASANSAAR
Securities and Exchange Board of India (Sebi) has reduced the time given for foreign institutional investors (FIIs) to utilise the debt limits purchased in auctions by two days.
Sebi has said foreign investors will be permitted to utilise the debt limits allocated to them during...
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SEBI |
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0 | Hits : 226
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Petrol price hiked by 70 paise a litre, diesel by 50 paise
Posted Date : 31-Jul-2013 , 08:43:18 pm | Posted By CASANSAAR
The oil marketing companies have raised petrol and diesel prices by 70 paise a litre and 50 paise a litre (excluding taxes), respectively effective Wednesday midnight.
“Since the last price change, the international price of petrol has gone up from $117.19/barrel to $120.05/barrel. Th...
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General |
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ITR: Deadline for filing return extended till August 5
Posted Date : 31-Jul-2013 , 04:58:12 pm | Posted By CASANSAAR
In a major relief to those who could not file their income tax returns today, the Income Tax Department has extended the deadline for filing returns till August 5. The previous deadline was scheduled to expired today.
The department had earlier extended the date for filing returns for Uttar...
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Category :
Income Tax |
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2 | Hits : 1972
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Service Tax return (ST-3) for the period October 12 to March 13 is now available
Posted Date : 31-Jul-2013 , 01:46:21 pm | Posted By CASANSAAR
The Offline Excel utility for filing half-yearly Service Tax return (ST 3) for the period 1st October, 2012 to 31st March, 2013 is now available in ACES. The same can be downloaded from http://acesdownload.nic.in/.
It can also be accessed from 'DOWNLOADS' section of ACES website, ...
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Service Tax |
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ICAI extends time to complete GMCS-I Course
Posted Date : 31-Jul-2013 , 12:24:07 pm | Posted By CASANSAAR
Extension of time to complete GMCS-I Course by the students registered for articleship training between 1st May, 2012 and 31st December, 2012
28th July, 2013
Important Announcement
The Council at its 326th Meeting being held from 27th-29th July, 2013 at ICAI Bhawan, New Delhi...
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Students Zone |
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Mobile Apps for filing of return aren't approved by I-T Department: e-Filing Portal
Posted Date : 31-Jul-2013 , 10:38:17 am | Posted By CASANSAAR
There are Mobile applications which are not approved by the Income Tax Department. Users are advised that they may not be according to Department's data structure. Filers using them would be doing so at their own risk.
Source : www.incometaxindiaefiling.gov.in
...
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Income Tax |
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0 | Hits : 309
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Good Luck - CA IPCC May 2013 Exams Result today on caresults.nic.in
Posted Date : 31-Jul-2013 , 08:57:22 am | Posted By CASANSAAR
Result of the Chartered Accountants Intermediate (IPC) Examinations held in May, 2013 are likely to be declared on today, the 31st July, 2013.
Results will be available on the following website:
http://www.caresults.nic.in
Further facilities have been ...
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Students Zone |
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0 | Hits : 1963
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ITR efiling: Last-minute rush slows down income tax site
Posted Date : 31-Jul-2013 , 08:38:01 am | Posted By CASANSAAR
The website of the income tax (I-T) department is running slow since Monday. It has slowed down at a time when taxpayers are in a rush to meet the July 31 deadline for filing returns for the assessment year 2013-14.
Besides, the central board of direct taxes ( CBDT) recently ma...
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Category :
Income Tax |
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0 | Hits : 1099
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Call data record is important evidence in fraud cases, says Sebi
Posted Date : 31-Jul-2013 , 08:26:31 am | Posted By CASANSAAR
Within days of the government notifying an ordinance empowering theSecurities and Exchange Board of India(Sebi) to seek call data records, a public interest litigation , is likely to come up for hearing before the Bombay High Court on Wednesday.The Indian Council of Investors, which h...
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SEBI |
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More than 82 lakh tax returns e-filed till July 29: Finance Ministry
Posted Date : 31-Jul-2013 , 08:22:26 am | Posted By CASANSAAR
More than 82 lakh income taxreturns have been e-filed till Monday which is 40 per cent higher than the same period last year, the Finance Ministry today said. "On July 30, 2013, 6.23 lakh returns were e-filed till 6 pm. Record peak of more than 85,000 returns per hour has been ac...
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Income Tax |
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0 | Hits : 359
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Amnesty scheme for service tax defaulters fails to take off
Posted Date : 31-Jul-2013 , 08:13:56 am | Posted By CASANSAAR
The amnesty scheme for Service Tax defaulters, christened Service Tax Voluntary Compliance Encouragement Scheme, has not taken off, as the trade and industry await more clarity. A major hurdle that precludes service tax defaulters from disclosing under the scheme is the fear...
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Category :
Service Tax |
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0 | Hits : 390
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I-T department identifies 12 lakh assessees who do not file returns
Posted Date : 30-Jul-2013 , 11:54:09 am | Posted By CASANSAAR
The Income Tax department has already identified 12 lakh assessees who do not file returns and are doing their follow-up action on them.
The department has prepared a list of non-filers based on their information records.
According to reports, a large number of tax payers have already paid taxes a...
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Category :
Income Tax |
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0 | Hits : 640
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RBI maintains status quo; leaves rates unchanged
Posted Date : 30-Jul-2013 , 11:17:37 am | Posted By CASANSAAR
Reserve Bank on Tuesday kept the key interest rates unchanged in its first quarter monetary policy review with focus on stabilising the domestic currency and containing the current account deficit.
Presently, the short-term lending (repo) rate, or the rate at which RBI lends to banks, is at 7.25 pe...
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RBI |
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