Two-day bank strike from February 20
Posted Date : 17-Feb-2013 , 08:41:05 am | Posted By CASANSAAR
There may be no banking transaction for two whole days in the country, as "not just the nationalised bank unions including their officers but even some of the private banks except ICICI Bank, have agreed to strike work on February 20 and 21," said CPI leader and AITUC general secretary&nbs...
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Banking |
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Payments for certification tests not liable to tax: ITAT
Posted Date : 17-Feb-2013 , 08:40:19 am | Posted By CASANSAAR
Payments for carrying out tests for the purpose of certification do not amount to Fees for Technical Services (FTS) under the Income-Tax Act, and therefore, not liable to tax in India, according to a recent order by the Income-tax Appellate Tribunal (ITAT) Mumbai, a quasi-judicial bod...
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Income Tax |
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Registration of Articled/ Audit Assistants within the stipulated period as specified under Regulation 46/ 69 of the Chartered Accountants Regulations, 1988
Posted Date : 16-Feb-2013 , 10:06:24 pm | Posted By CASANSAAR
BoS/Announcement/227/13
February 15, 2013
Sub: Registration of Articled/ Audit Assistants within the stipulated period as specified under Regulation 46/ 69 of the Chartered Accountants Regulations, 1988 reg.
It is brought to the notice of those students’ who have complet...
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Students Zone |
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No capital gains tax on Sanofi for Shantha deal: HC
Posted Date : 16-Feb-2013 , 08:54:42 am | Posted By CASANSAAR
In what showed the limitation of India's recent retrospective amendments in tax laws concerning indirect transfers abroad of Indian assets, the Andhra Pradesh High Court on Friday ruled that notwithstanding the bolstered law, French drug multinational Sanofi need not pay capital gains tax ...
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Income Tax |
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0 | Hits : 513
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Petrol price up by Rs. 1.50, diesel by 45 paise
Posted Date : 15-Feb-2013 , 07:18:38 pm | Posted By CASANSAAR
Petrol price was on Friday hiked by Rs. 1.50 per litre and diesel by 45 paise a litre with effect from midnight on Friday.
While petrol rates have been revised in step with the steep rise in international rates, oil firms used the newly accorded freedom to increase diesel price in...
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General |
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Mahindra Satyam buys majority stake in Complex IT
Posted Date : 15-Feb-2013 , 12:02:46 pm | Posted By CASANSAAR
Mahindra Satyam, a software services provider, said it acquired a majority stake in Brazil's Complex IT, a provider of consultancy on the use of SAP AG's business management software, for an undisclosed sum. Tech Mahindra, Satyam's parent company, is looking to make acquisitions to ad...
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General |
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0 | Hits : 300
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Beware of fake mails regarding Job Openings
Posted Date : 15-Feb-2013 , 08:47:12 am | Posted By CASANSAAR
Dear All Respected Members,
We would like to aware you that there are some fake agencies who mail you the Job Appointment/Offer Letters in the name of some reputed companies and ask for some handsome amount from you (as a refundable security amount). And It will s...
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General |
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1 | Hits : 2280
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Sebi slaps over Rs 30 cr penalty on 118 entities in Bank of Rajasthan case
Posted Date : 15-Feb-2013 , 08:46:20 am | Posted By CASANSAAR
Sebi on Thursday imposed a total penalty of Rs 30.75 crore on 118 entities, including the promoters of erstwhile Bank of Rajasthan, for alleged manipulative practices in the stock market between 2007-2009. Securities and Exchange Board of India (Sebi) has slapped a fine of Rs 5 crore ...
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SEBI |
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Ministry of Corporate Affairs Taking Necessary Measures to Resolve the Temporary Difficulties in the Ministry’s MCA 21 e-Governance Portal
Posted Date : 14-Feb-2013 , 08:42:43 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs is taking necessary measures to resolve the temporary difficulties that have arisen in the MCA 21 e-Governance portal of the Ministry. At the same time, in order to alleviate the problems faced by stakeholders, the Ministry of Corporate Affairs has issued a Public C...
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Corporate Law |
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0 | Hits : 443
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ICSI: Campus Placement At NOIDA on 16th February 2013, Orientation program on 15th February 2013
Posted Date : 14-Feb-2013 , 04:35:02 pm | Posted By CASANSAAR
Campus Placement for Fresher Members & Students
The Institute is organizing a Campus Placement for the fresher members for job and for students for 15 Months Training on Saturday , the 16th February 2013 at ICSI- NOIDA, C-37,Sector-62,NOIDA from 10:00 am onwards.
The ...
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ICSI |
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Corporate governance: ICSI moots standardised model for rating
Posted Date : 14-Feb-2013 , 04:23:53 pm | Posted By CASANSAAR
The Institute of Company Secretaries of India (ICSI) has broached the idea of a standardised corporate governance rating model.
In a presentation to the capital market regulator, the professional body proposed on Tuesday that it was ready to shoulder the responsibility of creating...
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Corporate Law |
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0 | Hits : 276
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No need to inform other bidders, said ICAI's President
Posted Date : 14-Feb-2013 , 08:11:06 am | Posted By CASANSAAR
Certain decisions in the now cancelled Rs 100 crore land deal, which caused major embarrassment to Institute of Chartered Accountants of India (ICAI), indicate a clear tilt towards a single vendor. TOI has a copy of the fact finding committee's report, which has an annexure of answers by t...
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ICAI |
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Four defaulters owe income tax dues worth Rs 2,12,449 cr in Mumbai
Posted Date : 14-Feb-2013 , 08:04:57 am | Posted By CASANSAAR
Fiscal deficit can be partially reduced if the tax authorities succeed in the recovery of tax arrears worth Rs 2,12,449 crore from four defaulters including Hasan Ali Group (Rs 1,65,663 crore), Harshad Mehta Group (Rs 39,740 crore), Ketan Parekh Group (Rs 4,477 crore) and Manoj Punamiya Group (Rs 2,...
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Category :
Income Tax |
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0 | Hits : 555
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Nira Radia tapes' scrutiny; SC seeks names from CBI, IT dept & ED
Posted Date : 13-Feb-2013 , 10:11:06 pm | Posted By CASANSAAR
The Supreme Court on Wednesday sought by Thursday the names of officials of CBI, IT department and the Enforcement Directorate for setting up of a team to enquire into the tapped telephonic conversations of corporate lobbyist Niira Radia with others to ascertain element...
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General |
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0 | Hits : 385
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SEBI freezes over 100 bank accounts of 2 Sahara cos
Posted Date : 13-Feb-2013 , 09:43:13 pm | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI) on Wednesday cracked down on Sahara group, freezing more than 100 bank accounts of two of its companies. Sources said that the immovable assets of the two companies were also frozen.
The SEBI also attached the assets and properties of S...
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SEBI |
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Cos Bill to come up in RS in Budget session: Pilot
Posted Date : 13-Feb-2013 , 08:28:28 pm | Posted By CASANSAAR
Corporate Affairs Minister Sachin Pilot today said the government is confident of getting the new Companies Bill passed in the Rajya Sabha in the Budget session.
"The new Companies Bill will come up in the Rajya Sabha in the Budget session beginning February 21," Pilot said o...
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Corporate Law |
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0 | Hits : 415
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Government may inject $3.7 billion in banks in FY14: Source
Posted Date : 13-Feb-2013 , 06:17:37 pm | Posted By CASANSAAR
The government is likely to allocate 200 billion rupees for capital infusion in state-run banks in the next financial year, a finance ministry official with direct knowledge of budget talks told Reuters on Wednesday.
The official refused to be named as the information is a&nbs...
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Banking |
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0 | Hits : 161
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FIPB clears 4 single-brand retail FDI proposals of worth Rs 750 crore
Posted Date : 13-Feb-2013 , 04:20:13 pm | Posted By CASANSAAR
The Finance Ministry today cleared four foreign direct investment (FDI) proposals in single brand retailing, including that of Decathlon and Fossil Inc, worth about Rs 750 crore, sources said. Foreign Investment Promotion Board (FIPB), headed by Economic Affairs Secretary Ar...
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Finance |
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0 | Hits : 311
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ICAI issues notice to Reebok's former CFO Vishnu Bhagat
Posted Date : 13-Feb-2013 , 08:32:56 am | Posted By CASANSAAR
Accounting regulator ICAI today said it has issued show-cause notice to Reebok India's former Chief Financial Officer Vishnu Bhagat regarding alleged fraud at the sportswear maker.The issue relates to alleged Rs 870 crore financial fraud at the company last year."We have iss...
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Category :
Income Tax |
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1 | Hits : 643
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ICAI, RBI to soon discuss accounting standards for banking cos
Posted Date : 13-Feb-2013 , 08:27:37 am | Posted By CASANSAAR
Accounting regulator ICAI will soon hold discussions with the Reserve Bank of India on implementation of IFRS standards by banking companies.
The Institute of Chartered Accountants of India (ICAI) has also submitted a tentative roadmap for IFRS implementation to the Corpora...
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Category :
ICAI |
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0 | Hits : 393
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I-T officials violated the law: Nokia
Posted Date : 12-Feb-2013 , 07:26:49 pm | Posted By CASANSAAR
Finland-based mobile handset maker Nokia today came heavily on the Indian Income Tax (I-T) Department stating that the authorities actions are excessive, unacceptable and inconsistent with Indian standards of fair play and governance. The company also said that the department officials hav...
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Category :
Income Tax |
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0 | Hits : 230
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CA.Subodh Kumar Agrawal President & K.Raghu Elected as Vice President of ICAI
Posted Date : 12-Feb-2013 , 02:26:28 pm | Posted By CASANSAAR
CASANSAAR Team Congrats Newly Elected President & Vice President of ICAI.
CA.Subodh Kumar AgrawalPresident, ICAI2013-14
CA.K.RaghuVice Presidet, ICAI2013-14
...
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ICAI |
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No going back on national financial reporting authority (NFRA) : Sachin Pilot said at ICAI annucal function
Posted Date : 12-Feb-2013 , 08:43:47 am | Posted By CASANSAAR
The chartered accountants’ fraternity must work hard to maintain the “integrity” and “credibility” of the profession, exhorted Corporate Affairs Minister Sachin Pilot.
As India becomes more relevant to a globalised economy, the expectations will only be on the ...
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ICAI |
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0 | Hits : 1560
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Making samosa, chappati entitle to tax exemptions: Income tax tribunal
Posted Date : 12-Feb-2013 , 08:43:33 am | Posted By CASANSAAR
Preparing food items like paratha, samosa, dhokla and chappati for sale is a 'manufacturing activity' and entitled to tax exemptions, ruled an income tax tribunal."...manufacturing of chappati, paratha, samosa, dhokla constitutes manufacturing activity," said Ahmedabad bench...
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Income Tax |
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1 | Hits : 985
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Income tax dept identifies 12L entities not filing returns
Posted Date : 12-Feb-2013 , 08:42:41 am | Posted By CASANSAAR
The finance ministry's crackdown on tax evaders has begun with over 35,000 nonfilers , who had made significant transactions, sent I-T notices to substantiate their source ofincome and why they had not filed their tax returns.
Notices were sent after the intelligence wing of the&...
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Category :
Income Tax |
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0 | Hits : 555
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Sebi frowns control practice of private equity investors
Posted Date : 12-Feb-2013 , 08:30:29 am | Posted By CASANSAAR
The tricky issue of 'control', that lies at the heart of every M&A deal, has come back to hauntprivate equity investors. Even with a minority stake, these investors often have veto powers over key decisions of companies they invest in - a practice that was recently frowned upon by...
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SEBI |
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0 | Hits : 309
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Council accepts panel's call to scrap ICAI head's project
Posted Date : 11-Feb-2013 , 08:20:54 am | Posted By CASANSAAR
In a major embarrassment to the Institute of Chartered Accountants of India (ICAI), the regulator for auditors, a Rs 100 crore-plus project initiated by its president Jaydeep Shah in his hometown Nagpur has been rejected by the statutory body's top decision-making body on grounds...
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ICAI |
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0 | Hits : 719
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After Shell, Hindalco faces transfer pricing tax notice
Posted Date : 11-Feb-2013 , 08:11:30 am | Posted By CASANSAAR
After Shell, it’s the turn of the Aditya Vikram Birla group to get a taste of the income-tax medicine on transfer pricing. Hindalco, the owner of Novelis, is set to get a notice from the income-tax department for “earning” fees while giving corporate guaran...
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Category :
Income Tax |
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0 | Hits : 557
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Sebi allows liquidity enhancement schemes in equity cash market
Posted Date : 10-Feb-2013 , 03:54:35 pm | Posted By CASANSAAR
Market regulator Sebi has allowed stock exchanges to introduce incentive schemes for brokers and intermediaries to enhance liquidity in illiquid securities in the equity cash segment. The decision has been taken pursuant to introduction of incentive schemes in derivatives segment to e...
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SEBI |
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0 | Hits : 300
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FM launches Rajiv Gandhi Equity Savings Scheme
Posted Date : 09-Feb-2013 , 06:29:15 pm | Posted By CASANSAAR
Finance Minister P. Chidambaram has launched the much-awaited Rajiv Gandhi Equity Savings Scheme in Mumbai.The move would encourage new investors to put their money in the stock market.The scheme, which was announced in the Budget, seeks to provide tax benefits to first-time investors in stock ...
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Category :
Income Tax |
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0 | Hits : 504
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