CA Final & IPCC Examination Dates, Timing, Changes for May 2013
Posted Date : 30-Apr-2013 , 09:18:47 am | Posted By CASANSAAR
CA final exams will be started from 2ndMay 2013 and ended on 16th May 2013
CA IPCC will be started from 3rd May and ended on 15th May 2013
CA IPCC Exam Date Sheet for May 2013
Date
May 2013
Day
Exam
Group
3nd
Friday
...
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Students Zone |
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Law ministry invites application for the post of Judicial Members and Accountant Members in ITAT
Posted Date : 30-Apr-2013 , 09:09:25 am | Posted By CASANSAAR
F. No. A-12023(1)/01/2013-Admn.III(LA)GOVERNMENT OF INDIAMINISTRY OF LAW AND JUSTICEDEPARTMENT OF LEGAL AFFAIRS
Dated : April 17, 2013
CIRCULAR
Subject: Applications for appointment to the posts of Member (Judicial/ Accountant), Income TaxAppellate Tribunal.
...
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Income Tax |
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Finance Bill likely to be passed in Lok Sabha today as stalemate ends
Posted Date : 30-Apr-2013 , 08:51:31 am | Posted By CASANSAAR
Despite the political deadlock over the coal scam, the key Finance Bill is likely to be passed in Lok Sabha on Tuesday. A temporary truce has been achieved between the government and the opposition to pass the money bills.
The crucial Finance Bill can't be delayed beyond Tuesday as per the ...
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Income Tax |
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Rs 2-lakh-crore tax dues cannot be recovered
Posted Date : 30-Apr-2013 , 08:40:58 am | Posted By CASANSAAR
The Income Tax Department failed to recover tax revenue of about Rs 1.9 lakh crore in 379 cases as on December 31, 2012, as there were no or insufficient assets in these cases. The unrecovered sum and was almost equal to that collected as personal income tax during 2012-13. Also, according to Centra...
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Income Tax |
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Honda's discount offers on Brio, Jazz under CBEC scanner, asked to pay Rs 164 crore more as excise duty
Posted Date : 30-Apr-2013 , 08:39:25 am | Posted By CASANSAAR
Honda Motor Company's endeavour to garner market share in India by offering discounts on models such as the Brio and Jazz has run afoul of tax authorities. The Central Board of Excise & Customs(CBEC) has served a show-cause notice on the Japanese auto major demanding that it pay 1...
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Excise |
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No levy of wealth tax on agricultural land- P Chidambaram
Posted Date : 30-Apr-2013 , 08:35:13 am | Posted By CASANSAAR
Finance Minister P Chidambaram has assured party MPs from the north that there will be no levy of wealth tax on agricultural land, Haryana Chief Minister Bhupinder Singh Hooda said today.Hooda led a delegation of Congress MPs from Punjab, Haryana, Rajasthan and Uttar Pr...
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Income Tax |
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Two FDI Proposals Amounting to RS. 89.33 Crore Approved by the Government
Posted Date : 29-Apr-2013 , 10:29:59 pm | Posted By CASANSAAR
Further to para 8 of the Press Release dated March 25, 2013, wherein it was stated that decision of the 6 (Six) proposals will be communicated separately, the Central Government has approved two (2)Proposals of Foreign Direct Investment (FDI) amounting to Rs. 89.33 crore app...
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Finance |
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MCA starts investor awareness campaign against fraud schemes
Posted Date : 29-Apr-2013 , 09:24:58 am | Posted By CASANSAAR
Amid rising instances of common man being duped by illegal money-pooling activities, Ministry of Corporate Affairs has started tapping various platforms, including visual media, to sensitise investors from falling prey to fraudulent investment schemes. To reach out to larger number of...
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Corporate Law |
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Banks under RBI scanner for sale of gold investment products
Posted Date : 29-Apr-2013 , 09:22:41 am | Posted By CASANSAAR
The Reserve Bank is looking into sale of gold coins and gold-related investment products by about 30 banks to find out whether their employees are mis-selling such products to customers.
The RBI move follows complaints of customers being induced by bank employees and non-staff members withi...
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Banking |
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No service tax can be levied on chit business: Delhi HC
Posted Date : 28-Apr-2013 , 08:07:58 am | Posted By CASANSAAR
The Delhi High Court has quashed the Centre's notification to levy service tax on chit-fund business, saying the act of a foreman, who conducts auction of chit amount among contributors, does not fall under the definition of "service" provided in the Finance Act.
"We have come to the conclusion tha...
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Service Tax |
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Deal sternly with companies indulging in manipulative practises: SC to SEBI
Posted Date : 27-Apr-2013 , 06:48:30 pm | Posted By CASANSAAR
The Supreme Court has askedSEBI to deal sternly with companies indulging in manipulative and deceptive practises to send a clear message that market abuse will not be tolerated in the country. "SEBI, the market regulator, has to deal sternly with companies and their Directors ind...
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SEBI |
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Government announces multi-agency probe into money-pooling frauds
Posted Date : 27-Apr-2013 , 02:24:36 pm | Posted By CASANSAAR
In a multi-agency crackdown against alleged duping of public investors through Ponzi schemes, the governmenttoday said the entities suspected to be engaged in such activities are being probed by Sebi, RBI and the Corporate Affairs Ministry, among others. Besides, the Income ...
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General |
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Share valuation: MNCs feel the heat of transfer pricing orders
Posted Date : 27-Apr-2013 , 08:37:30 am | Posted By CASANSAAR
The Vodafone Group has challenged an Income tax Department’s transfer pricing order that sought to bring Rs 1,300 crore to tax for undervaluation in the shares issued by Vodafone India Services to a Mauritius-based group company.
A writ petition challenging the jurisdiction of the tra...
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Income Tax |
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RBI approves Surat bank's merger with Mehsana bank
Posted Date : 27-Apr-2013 , 08:32:09 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has approved the merger of Surat Nagrik Sahkari Bank with Mehsana Urban Cooperative Bank, giving relief to former's 44,000 account holders and depositors in the city.
The account holders and depositors of Surat Nagrik Sahkari Bank were on the tenterhoo...
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Income Tax |
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Salient features of the tax forgone statement issued by the Government
Posted Date : 26-Apr-2013 , 07:56:23 pm | Posted By CASANSAAR
The salient features of the Tax Forgone Statement issued by the Government are as under: • This Statement seeks to list the revenue impact of tax incentives or tax subsidies that are a part of the tax system of the Central Government. • This Statement attempts to estimate so...
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Income Tax |
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Details of Service Tax Evasion Cases
Posted Date : 26-Apr-2013 , 07:55:18 pm | Posted By CASANSAAR
The cases of service tax evasion have increased during the recent time. The details are as under:
Year
No. of cases detected
Service tax evasion involved (Rs. in crores)
2010-11
8399
14291
2011-12
8710
14608
2012-13 (upto...
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Service Tax |
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Amendment in Money Laundering Act
Posted Date : 26-Apr-2013 , 07:53:08 pm | Posted By CASANSAAR
The Government has recently amended the Money Laundering Act. The objectives of recent amendment in Prevention of Money-laundering Act, 2002 is to strengthen the legislative and administrative framework of the country to prevent money laundering and countering financing of terrorism and capabli...
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Income Tax |
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Govt to analyse data on unpaid investor money lying with firms
Posted Date : 26-Apr-2013 , 03:53:28 pm | Posted By CASANSAAR
In its efforts to protect the interest of investors, the Corporate AffairsMinistry plans to analyse data on unpaid and unclaimed money lying with various companies. "The Ministry has decided to analyse the data uploaded on MCA 21 portal by companies about unpaid and unclaimed amounts of mo...
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Corporate Law |
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No property tax on mobile towers: HC
Posted Date : 26-Apr-2013 , 03:13:08 pm | Posted By CASANSAAR
In a set back for the state government, Gujarat high court on Thursday ruled that it cannot levy property tax on mobile towers and struck down the amendment made in the local laws.
Granting petitions filed by telecom companies, the HC quashed section 145 of Guja...
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General |
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Be Cautious While E-Filing Income-Tax Returns - Letter to ICAI by DIT (Systems)
Posted Date : 26-Apr-2013 , 09:09:49 am | Posted By CASANSAAR
LETTER FROM DIT (SYSTEMS) – MEMBERS TO BE CAUTIOUS WHILEE-FILING INCOME-TAX RETURNS
CA Members may note that ICAI has received a letter from Directorate of Income-tax (Systems) requesting it to impart information regarding correctprocedure of e-filing of ...
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Income Tax |
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How do children below 18 have Facebook accounts: High Court asks govt to explain
Posted Date : 26-Apr-2013 , 09:07:27 am | Posted By CASANSAAR
The Delhi High Court has asked the Centre to respond to a petition that asks how children less than 18 years of age are allowed to open an account on social networking sites including Facebook, even though Indian laws do not permit it.
Facebook allows 13-year-olds to open accounts. ...
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General |
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RBI warns foreign companies against facilitating currency trading
Posted Date : 26-Apr-2013 , 09:06:09 am | Posted By CASANSAAR
The Reserve Bank today warned foreign companies not to use directinvestments to set up entities in India so as to facilitate trading in currencies, securities and commodities without its approval. Any incidence of such product facilitation would be treated as a contravention of theforeign ...
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RBI |
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Advance booking period for train tickets reduced to 60 days
Posted Date : 25-Apr-2013 , 09:19:36 pm | Posted By CASANSAAR
Railways has reduced advance booking period from four months to two months from May 1 as part of its efforts to prevent touts from cornering bulk of tickets.
The advance reservation period (ARP) for booking reserved train tickets will be reduced from existing 120 days to 60 days (excluding ...
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General |
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Chit fund letter-Bomb names Nalini Chidambaram, Wife of P.Chidambaram
Posted Date : 25-Apr-2013 , 08:52:09 pm | Posted By CASANSAAR
Before he was arrested from a hotel in Kashmir, Sudipta Sen, head of the Saradha Group, sent a letter to the CBI in which he listed 22 people who he accuses of blackmailing or "using" him to make money.
Among them are senior leaders of the ruling party in Bengal, the Trinamo...
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General |
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Partial lunar eclipse tonight, visible from all parts of India
Posted Date : 25-Apr-2013 , 07:21:14 pm | Posted By CASANSAAR
The eclipse will occur on the intervening night of April 25-26-beginning at 11:31 pm and ending at 3:43 am and would be visible from all parts of India.
Sky gazers can look forward to a partial lunar eclipse that will take place Thursday and will be first of the three eclipses of 2013, offi...
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General |
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Saradha group has over 100 registered companies
Posted Date : 25-Apr-2013 , 07:15:56 pm | Posted By CASANSAAR
Saradha group, which is under fire for allegedly defrauding investors, has more than 100 firms registered with the RoC (Registrar of Companies) for businesses across sectors including real estate, automobile, education and entertainment.
Most of these companies are registered with the starting name...
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Corporate Law |
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Shell India moves dispute resolution panel against Rs. 15,000 crore IT notice
Posted Date : 25-Apr-2013 , 07:13:57 pm | Posted By CASANSAAR
Shell India has moved dispute resolution panel (DRP) challenging a notice by the income tax department alleging tax evasion by underpricing share transfer between member companies on the ground that the order was based on incorrect interpretation of regulations, NDTV has learned.
The income tax dep...
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Income Tax |
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Member Fee Circular Performa 2013-14 - ICAI
Posted Date : 25-Apr-2013 , 03:42:56 pm | Posted By CASANSAAR
LAST DATE FOR PAYMENT OF FEES:30TH SEPTEMBER,2013
...
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ICAI |
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Saradha chit fund scam: Government to probe group companies
Posted Date : 25-Apr-2013 , 03:37:58 pm | Posted By CASANSAAR
Amidst growing protests outside a Kolkata court against an alleged chit fund scam, the Corporate Affairs Ministry on Thursday decided to conduct a probe into Saradha group companies. The Chairman of the Saradha Group Sudipta Sen, was produced before a Kolkata court in the wake of...
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General |
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On account of right connections, CA gets VIP treatment in jail
Posted Date : 25-Apr-2013 , 08:50:50 am | Posted By CASANSAAR
Though the jail in Patiala has quite a line-up of VIP inmates - a former deputy commissioner, senior superintendent of police, former MLA and powerful Akali leaders, besides a top taxman - the one whose special treatment overshadows others' is Ashwani Gupta, a Chartered Accountant arrested by the CB...
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Income Tax |
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