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Political Parties have to file its ITR within the prescribed time limit
Posted Date : 01-Feb-2017 , 02:25:51 pm | Posted By CASANSAAR

The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitely while presenting the General Budget 2017-18 in Parliament today said that the political party can receive maximum donation up to Rs. 2,000 in cash from one person. Proposing steps towards transparent funding of political parties...

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Category : ITR | Comments : 0 | Hits : 171

FIPB to be phased-out in the next fiscal, Bill to be tabled in Parliament soon to crack down on ponzy schemes
Posted Date : 01-Feb-2017 , 02:13:55 pm | Posted By CASANSAAR

While presenting the General Budget 2017-18 in Lok Sabha here today, the Union Finance Minister, Shri Arun Jaitley proposed that the Foreign Investment Promotion Board (FIPB) will be phased-out in the next fiscal. Expressing concern over dubious deposit schemes, Shri Jaitley said that a Bill will so...

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Category : Budget | Comments : 0 | Hits : 124

Budget gives a major push to Digital Economy; proposes No Cash Transaction above Rs 3 lakh
Posted Date : 01-Feb-2017 , 02:11:12 pm | Posted By CASANSAAR

In a bid to give a push to Digital Economy and weed-out corruption and black money, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley in his Budget Speech today said that the Government has decided that no transaction above Rs 3 lakh will be permitted in cash. Accepting a sugge...

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Category : Budget | Comments : 0 | Hits : 296

Union Budget 2017 - Finance Minister announces several anti graft and rationalisation measures in the field of Income tax
Posted Date : 01-Feb-2017 , 02:09:27 pm | Posted By CASANSAAR

The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley while presenting the General Budget 2017-18 in Parliament today said that the present burden of taxation is mainly on honest tax payers and salaried employees who are showing their income correctly. He said that the Government i...

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Category : Budget | Comments : 0 | Hits : 238

Union Budget 2017 - Shares of Railway PSEs - IRCTC, IRFC and IRCON to be listed
Posted Date : 01-Feb-2017 , 02:07:00 pm | Posted By CASANSAAR

While presenting the General Budget 2017-18 in Lok Sabha here today, the Union Finance Minister Shri Arun Jaitley has said that the shares of Railway Public Sector Enterprises (PSEs) like IRCTC, IRFC and IRCON will be listed in stock exchanges. The Government will encourage strengthening the CP...

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Category : Budget | Comments : 0 | Hits : 131

Union Budget 2017 - Presumptive income scheme for audit of entities raised from Rs. 1 crore to Rs. 2 crore
Posted Date : 01-Feb-2017 , 02:04:23 pm | Posted By CASANSAAR

  Presumptive income scheme for audit of entities raised from Rs. 1 crore to Rs. 2 crore; Threshold for maintenance of books for individuals and HUF more than doubled  Individual Insurance agents earning below taxable limit to be exempted from 5% TDS off commission after filing self-...

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Category : Budget | Comments : 0 | Hits : 313

GST Council has finalised its recommendations on almost all the issues based on consensus - FM
Posted Date : 01-Feb-2017 , 02:02:53 pm | Posted By CASANSAAR

The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley while presenting the General Budget 2017-18 in Parliament today said that the GST Council has finalised its recommendations on almost all the issues based on consensus after spirited debate and discussions. The Finance Mini...

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Category : GST | Comments : 0 | Hits : 209

Union Budget 2017 - 18 proposes Reduction in Customs and Excise for Renewable Energy Sector, and Cashless Transaction Devices
Posted Date : 01-Feb-2017 , 02:01:23 pm | Posted By CASANSAAR

The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley while presenting the General Budget 2017-18 in Parliament today announced substantial relief in Customs and Excise Duties for Renewable Energy Sector and for manufacture of Cashless Transaction Devices. In a bid to incentiviz...

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Category : Budget | Comments : 0 | Hits : 152

Union Budget 2017 - Live Updates
Posted Date : 01-Feb-2017 , 01:03:29 pm | Posted By CASANSAAR

FM Arun Jaitley to present Union Budget 2017 today. CASANSAAR are providing you live updates of Union Budget 2017. JUST REFRESH THE PAGE (CLICK F5) FOR ALL LIVE UPDATES. Lok Sabha adjourned after Arun Jaitley introduces Finance Bill  GST Council finalised its recommendations; impleme...

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Category : Budget | Comments : 0 | Hits : 5139

Union Budget 2017 - Watch Live Telecast Online on casansaar.com
Posted Date : 01-Feb-2017 , 08:53:17 am | Posted By CASANSAAR

Hon'ble Finance Minister's Presentation of Union Budget 2017 in the Parliament on 01st Feb 2017.   ...

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Category : Budget | Comments : 0 | Hits : 1065

Finance Minister Shri Arun Jaitley Presented Economic Survey 2016-17 in the Parliament
Posted Date : 01-Feb-2017 , 08:48:50 am | Posted By CASANSAAR

Economic Survey says economic growth to return to normal as new currency notes in required quantities come back into circulation and follow-up action on demonetisation is taken.   The CPI based core inflation remained stable in the current fiscal year averaging around 5 per cent. The Economi...

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Category : Budget | Comments : 0 | Hits : 118

Finance Minister to present Union Budget today
Posted Date : 01-Feb-2017 , 08:36:02 am | Posted By CASANSAAR

Finance Minister Arun Jaitley will present the Union Budget in Parliament today. There will be no separate Rail Budget from this year, as it has been merged with the General Budget.  Yesterday, the Economic Survey was presented in the Parliament.  After presenting the Budget, Mr Jait...

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Category : Budget | Comments : 0 | Hits : 101

CBDT identifies 18 L people with suspicious deposits
Posted Date : 01-Feb-2017 , 08:22:43 am | Posted By CASANSAAR

The Income Tax department has identified 18 lakh people who have made 'suspicious' cash deposits post demonetisation, including those having deposited over Rs 5 lakh, and will send emails and SMSes seeking explanation about their source of funds. These people will have to reply within 10 ...

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Category : CBDT | Comments : 0 | Hits : 407

Pass Percentage & Toppers of CA IPC Nov.16 Exams
Posted Date : 31-Jan-2017 , 12:00:55 pm | Posted By CASANSAAR

  The Result of Chartered Accountants IPC Examination has been declared.  The Details of Percentage of candidates passed in the above said examinations are given below.     No. of Candidates ...

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Category : CA Results | Comments : 0 | Hits : 1784

Rs5,583 crore withdrawn from Jan Dhan accounts in a month post note ban
Posted Date : 31-Jan-2017 , 09:38:09 am | Posted By CASANSAAR

Jan Dhan accounts have witnessed net withdrawal of Rs5,582.83 crore since 7 December, the day deposits in these accounts soared to all time high in the backdrop of demonetisation. Total deposits in Jan Dhan accounts had increased to a record high of Rs74,610 crore on 7 December and thereafter, it...

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Category : Banking | Comments : 0 | Hits : 152

ITAT mulls video-courts to help tackle issue of pendency
Posted Date : 31-Jan-2017 , 09:35:04 am | Posted By CASANSAAR

Circuit benches of Income Tax Appellate Tribunal (ITAT) will hold regular sittings at Guwahati, Coimbatore, and Madurai. ITAT has proposed setting up of video courts in these cities to go with such video courts already functional at Rajkot, Jabalpur, Nagpur, Raipur and Surat, Dev Darshan Sud, presid...

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Category : Income Tax | Comments : 0 | Hits : 114

RBI lifts ATM withdrawal limits from Feb 1
Posted Date : 31-Jan-2017 , 09:12:08 am | Posted By CASANSAAR

In a big relief to people, RBI today announced lifting of restrictions on daily withdrawal of money from ATMs with effect from Wednesday. and has also withdrawn all limits on Current Accounts and overdraft accounts with immediate effect. In a circular to the banks, the RBI, however, said the week...

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Category : RBI | Comments : 0 | Hits : 334

I.Tax Dept begins action under Benami Transaction Act; Issues 87 notices and attaches 42 assets.
Posted Date : 31-Jan-2017 , 09:07:33 am | Posted By CASANSAAR

Income Tax department has initiated action under the newly enforced Benami Act. IT Department said, post demonetisation it has issued 87 notices and attached bank deposits worth crores in 42 cases nationwide under Benami Transactions Act. The Act attracts a heavy penalty and rigorous jail term of a ...

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Category : Income Tax | Comments : 0 | Hits : 938

Revision of fee for General Management and Communication Skills (GMCS) 15 days (90 hrs) - ICAI
Posted Date : 30-Jan-2017 , 01:36:06 pm | Posted By CASANSAAR

You may be aware that the present fee of Rs.5500/- for General Management and Communication Skills Course was fixed way back in 2013 and has not undergone any revision during the last four years.  Considering the above, the Council has decided to revise the fee for the course on General Mana...

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Category : ICAI | Comments : 0 | Hits : 256

Big Data to help tax department find out multiple PAN holders
Posted Date : 30-Jan-2017 , 08:07:39 am | Posted By CASANSAAR

To plug tax loopholes, the I-T department will use Big Data analytics to track down evaders by collecting information such as common address, mobile number and e-mail to establish relationship between their multiple PANs. The department, with support from private firms, will analyse the voluminou...

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Category : PAN | Comments : 0 | Hits : 312

GST protest - 70K tax officers to wear black bands
Posted Date : 30-Jan-2017 , 08:00:41 am | Posted By CASANSAAR

About 70,000 tax officers and employees in the country will wear black bands at work tomorrow, on Martyrs Day, to protest some recent decisions taken by the GST Council headed by Finance Minister Arun Jaitley. The associations representing them said the decisions are heavily tilted towards the st...

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Category : GST | Comments : 0 | Hits : 301

CA IPCC Nov.2016 Exam Result will be declared on 31st Jan.2017
Posted Date : 27-Jan-2017 , 08:11:41 pm | Posted By CASANSAAR

The result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination held in November, 2016 is likely to be declared on Tuesday, the 31st January 2017 around 6.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above mark...

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Category : CA Results | Comments : 0 | Hits : 271

Demonetisation - Private entities to analyse data vis-a-vis ITR, TDS
Posted Date : 26-Jan-2017 , 10:07:57 pm | Posted By CASANSAAR

With an estimated Rs 15 lakh crore in junked notes back in the banking system post demonetisation, the Income Tax department has started the process of engaging private entities to match the data with I-T return or other information of assessees. The I-T department has already found that post dem...

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Category : Black Money | Comments : 0 | Hits : 426

List of Padma Awards 2017 announced by Govt.
Posted Date : 25-Jan-2017 , 06:06:56 pm | Posted By CASANSAAR

Padma Awards - one of the highest civilian Awards of the country, are conferred in three categories, namely, Padma Vibhushan, Padma Bhushan and Padma Shri. The Awards are given in various disciplines/ fields of activities, viz.- art, social work, public affairs, science and engineering, trade and in...

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Category : General | Comments : 0 | Hits : 534

Tax to be levied on cash transaction over Rs 50,000
Posted Date : 25-Jan-2017 , 07:33:40 am | Posted By CASANSAAR

In an effort to discourage cash transactions throughout the country, the Chief Minister Sub Committee on Digital Payment today recommended to levy banking cash transaction tax (BCTT) on withdrawal of Rs 50,000 from banks. The committee-headed by Andhra Pradesh Chief Minister N Chandra Babu Naidu ...

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Category : Banking | Comments : 0 | Hits : 1775

Bharti Airtel Q3 net dips 54% to Rs 503.7 cr on Jio woes
Posted Date : 24-Jan-2017 , 10:27:33 pm | Posted By CASANSAAR

Telecom major Bharti Airtel on Monday reported over 54 per cent fall in consolidated net profit to Rs 503.7 for the October-December quarter due to "turbulence" from "predatory pricing" of newcomer Reliance Jio. The company had posted a net profit of Rs 1,108.1 crore in the sa...

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Category : Shares & Stock | Comments : 0 | Hits : 293

Cabinet approves Short term market borrowing by NABARD for on lending to Cooperative Banks
Posted Date : 24-Jan-2017 , 09:55:13 pm | Posted By CASANSAAR

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its post-facto approval for the following decisions:                        i.        National Bank for Agriculture & Rural Development (...

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Category : Banking | Comments : 0 | Hits : 152

CBDT issues Guiding Principles for determination of Place of Effective Management (POEM) of a Company
Posted Date : 24-Jan-2017 , 09:48:59 pm | Posted By CASANSAAR

The concept of Place of Effective Management (POEM) for deciding the Residential Status of a company was introduced by the Finance Act, 2015. It is effective from 01.04.2016 and accordingly shall apply from assessment year 2017-18 onwards. The guidelines for determining the POEM has been uploaded on...

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Category : CBDT | Comments : 0 | Hits : 218

Budget on Feb 1-SC Dismiss Plea, EC gives nod but with riders
Posted Date : 24-Jan-2017 , 09:02:01 am | Posted By CASANSAAR

The Election Commission gave its nod to the Centre to present the Union Budget on February 1 ahead of the Assembly polls, but said no schemes related to these poll-bound states can be announced and the Finance Minister’s speech should not refer to the government’s achievements in these s...

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Category : Budget | Comments : 0 | Hits : 656

Restructured Education loans not to be treated as NPAs - RBI
Posted Date : 24-Jan-2017 , 08:41:33 am | Posted By CASANSAAR

In order to encourage banks to provide education loans, RBI has said rescheduling of payment period of such loans due to unemployment of borrower will not be treated as restructured accounts for computing NPAs.  Banks may allow up to three spells of moratorium (not exceeding 6 months each) d...

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Category : RBI | Comments : 0 | Hits : 318

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