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Govt blocks bank accounts of 200,000 dormant companies
Posted Date : 06-Sep-2017 , 10:16:07 pm | Posted By CASANSAAR

The finance ministry on Tuesday restricted directors of around 200,000 dormant companies struck off official records from accessing their firms’ bank accounts. The move is a precautionary measure aimed at preventing misuse of the bank accounts, said a finance ministry official who spoke on ...

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Category : Corporate Law | Comments : 0 | Hits : 155

GSTR Due dates for July & August month has been extended
Posted Date : 04-Sep-2017 , 09:52:13 am | Posted By CASANSAAR

GIC decides to extend Date of GSTR 1, GSTR 2 and GSTR 3 for the month of July to 10th, 25th and 30th September 2017 respectively. GIC decides to extend Date of GSTR 1, GSTR 2 and GSTR 3 for the month of August to 5th, 10th and 15th October 2017 respectively.   Tweet by GST@GOI   ...

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Category : GST | Comments : 0 | Hits : 3422

SEBI weighs barring auditors if audit fails to give a true picture
Posted Date : 04-Sep-2017 , 08:40:43 am | Posted By CASANSAAR

A Securities and Exchange Board of India (Sebi) panel on corporate governance is considering whether an auditor should be barred from scrutinizing the books of listed companies if an audit is ineffective and fails to spot financial discrepancies. It’s the first time the regulator is conside...

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Category : SEBI | Comments : 0 | Hits : 723

CA Piyush Goyal takes place of CA Suresh Prabhu
Posted Date : 04-Sep-2017 , 08:38:03 am | Posted By CASANSAAR

One chartered accountant by profession, Piyush Goyal, has replaced another, Suresh Prabhu, in the Rail Bhawan. The country, however, hopes the days of finance-centric administration of the Railways will be over and the new man will strike a balance between operations, finance and infrastructure. ...

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Category : CA | Comments : 0 | Hits : 312

Govt keeping an eye on GST implementation regularly
Posted Date : 04-Sep-2017 , 08:28:04 am | Posted By CASANSAAR

The government is monitoring implementation of the Goods and Services Tax (GST) regularly and teething issues are being resolved immediately, Minister of State for Finance Arjun Ram Meghwal said today. Some technical issues with regard to tax payment have come to light and GST Network (GSTN) was ...

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Category : GST | Comments : 0 | Hits : 215

Seeking bank employees' personal info exempted under RTI - SC
Posted Date : 04-Sep-2017 , 08:26:12 am | Posted By CASANSAAR

The Supreme Court has held that seeking information about individual bank employees which were personal in nature and devoid of any public interest, was exempted under the Right to Information (RTI) Act. The court made the observation while allowing an appeal filed by Canara Bank challenging an o...

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Category : General | Comments : 0 | Hits : 189

Country's foreign exchange reserves swells to life high of USD 394.55 billion
Posted Date : 02-Sep-2017 , 02:02:47 am | Posted By CASANSAAR

The country's foreign exchange reserves swelled by USD 1.148 billion to a new lifetime high of USD 394.55 billion for the week ended August 25 on the back of a healthy rise in core currency assets.   RBI data showed the foreign currency assets (FCAs), a major component of the overal...

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Category : Finance | Comments : 0 | Hits : 188

PM asks taxmen to be friendly to honest taxpayers
Posted Date : 01-Sep-2017 , 09:42:29 pm | Posted By CASANSAAR

Prime Minister Narendra Modi on Friday asked tax officials to be friendly to honest taxpayers as part of his efforts to end the fear of the taxman and make India a more tax compliant society. Inaugurating the second edition of 'Rajaswa Gyan Sangam' -- the joint conference of direct and an...

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Category : Income Tax | Comments : 0 | Hits : 205

Rajiv Mehrishi to be next CAG; Sunil Arora as next Election Commissioner
Posted Date : 01-Sep-2017 , 09:07:45 am | Posted By CASANSAAR

Former home secretary Rajiv Mehrishi is to be the next Comptroller and Auditor General (CAG) of India. He will replace the present incumbent Shashi Kant Sharma who completes his term on 30th of this month. Mehrishi has emerged as the top choice for the post. A formal order on this is expected soo...

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Category : General | Comments : 0 | Hits : 255

CBDT Extends Due Date of Tax Audit from 30th Sept to 31st Oct.2017
Posted Date : 31-Aug-2017 , 09:06:55 am | Posted By CASANSAAR

Due-date for filing Income Tax Returns & various reports of audit prescribed under the IT Act,1961 has been extended to October 31, 2017. ...

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Category : Tax Audit | Comments : 0 | Hits : 23343

Deadline for linking Aadhaar, PAN by ITR filers extended to December 31
Posted Date : 31-Aug-2017 , 07:12:09 am | Posted By CASANSAAR

NEW DELHI: There is good news for taxpayers as the income tax department has extended the deadline to link PAN with Aadhaar by 4 months to December 31. The department had earlier said that tax returns filed without linking of Aadhaar and PAN would not be taken up for processing unless the two were l...

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Category : Finance | Comments : 0 | Hits : 274

Aadhaar deadline for social benefits to be extended till Dec 31- Govt to SC
Posted Date : 31-Aug-2017 , 08:10:24 am | Posted By CASANSAAR

The Centre on Wednesday told the Supreme Court that they would extend till December 31, the deadline to furnish Aadhaar for availing the benefits of various social welfare schemes.   Attorney General K K Venugopal made the submission that the current deadline of September 30 has been shifted ...

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Category : PAN | Comments : 0 | Hits : 561

SC to hear pleas on Aadhaar matter in November
Posted Date : 31-Aug-2017 , 08:03:58 am | Posted By CASANSAAR

 The Supreme Court today said it would hear a batch of petitions on Aadhaar-related matters in November after the Centre informed that it will extend till December 31 the deadline to furnish Aaadhar to avail benefits of social welfare schemes. A bench headed by Chief Justice Dipak Misra said...

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Category : PAN | Comments : 0 | Hits : 153

Cabinet approves promulgation of the GST (Compensation to States) Ordinance, 2017
Posted Date : 30-Aug-2017 , 10:30:31 pm | Posted By CASANSAAR

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval to the proposal of the Finance Ministry to promulgate an ordinance to suitably amend the Goods and Services Tax (Compensation to States) Act, 2017. The approval would allow to increase the maximum rate at which ...

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Category : GST | Comments : 0 | Hits : 479

Apprehensions on GST proved unfounded - PM
Posted Date : 30-Aug-2017 , 10:15:09 pm | Posted By CASANSAAR

Two months after the rollout of GST, Prime Minister Narendra Modi today said apprehensions with regard to the indirect tax regime have been proven to be unfounded and a smooth transition has happened. He asked chief secretaries of all states to further boost efforts to increase registration under...

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Category : GST | Comments : 0 | Hits : 162

Almost 99% of demonetised notes back in system - RBI
Posted Date : 30-Aug-2017 , 10:12:46 pm | Posted By CASANSAAR

The Reserve Bank of India today in its annual report says that almost 99 per cent of banned Rs 500 and Rs 1000 notes that were demonetised last November have returned to the system.  In the report for 2016-17, the RBI said that out of 632.6 crore pieces of Rs 1,000 currency notes in circulat...

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Category : RBI | Comments : 0 | Hits : 144

CASANSAAR Free Placement Cell for CA, CS, CMAs (For Job Seekers & Job Recruiters)
Posted Date : 29-Aug-2017 , 10:59:12 pm | Posted By CASANSAAR

CASANSAAR is pleased to announce the launch of CASANSAAR Free Placement Cell for CA, CS, CMAs once again. This Cell will assist Job Seekers & Job Recruiters for best fit..   If you have requirement of CA / CS / CMA's in your office / Firm / ...

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Category : CA | Comments : 0 | Hits : 1642

RBI sends second list of 26 defaulters to banks
Posted Date : 30-Aug-2017 , 08:37:50 am | Posted By CASANSAAR

The Reserve Bank of India (RBI) has sent commercial banks a second list of at least 26 defaulters with which it wants creditors to start the process of debt resolution before initiating bankruptcy proceedings, three bankers aware of the development said. In a letter, the central bank said these a...

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Category : RBI | Comments : 0 | Hits : 335

GST revenue at Rs 92,283 cr gets a bumper start
Posted Date : 29-Aug-2017 , 10:32:14 pm | Posted By CASANSAAR

 India's maiden GST revenue mop-up got off to a bumper start, with Finance Minister Arun Jaitley saying today that taxes worth Rs 92,283 crore were collected in July from just 64.42 per cent of the total taxpayer base. Tax collections for July, the first month when a unified Goods and Se...

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Category : Finance | Comments : 0 | Hits : 233

Youngest student clear CA, CS and CMA at the age of 21 years
Posted Date : 28-Aug-2017 , 10:23:48 pm | Posted By CASANSAAR

At the age of 21 years this diamond city resident holds four degrees of which three are considered few of the toughest courses in country. Aditya Jhavar, a resident of Parvat Patiya area in city, became the youngest student to clear company secretary (CS), chartered accountant (CA) and cost and mana...

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Category : CA | Comments : 0 | Hits : 1093

Beware of schemes with abnormal returns: SEBI
Posted Date : 29-Aug-2017 , 08:39:21 am | Posted By CASANSAAR

The market regulator, Securities Exchange Board of India (SEBI) has cautioned the youth against falling for any scheme promising abnormal returns, reported a national news agency on Monday.   "Instead of going through allurement, investors are advised to go through terms and conditions o...

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Category : SEBI | Comments : 0 | Hits : 184

Income Tax Dept once again warned people against cash dealings of Rs 2 lakh & more
Posted Date : 29-Aug-2017 , 08:26:52 am | Posted By CASANSAAR

The Income Tax Department once again warned people against cash dealings of 2 lakh rupees and more, saying any violation of this cap will invite strict penalty under law. In a public message yesterday, the department said accepting 2 lakh rupees or more in aggregate from a single person in a day for...

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Category : Income Tax | Comments : 0 | Hits : 1213

E-way billing - HC orders notice to officials
Posted Date : 28-Aug-2017 , 10:15:22 pm | Posted By CASANSAAR

The Madras High Court today ordered issue of notice to the Centre, including Principal Secretary (Revenue) and Tamil Nadu Commissioner of Commercial Taxes on a PIL seeking to direct traders to use E-way billing for movement or selling of goods in order to prevent cheating. Justices K K Sasidharan...

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Category : GST | Comments : 0 | Hits : 429

Over 36 lakh businesses file GST returns so far
Posted Date : 28-Aug-2017 , 05:40:53 pm | Posted By CASANSAAR

Over 36 lakh businesses have so far filed their first tax returns under the Goods and Services Tax (GST) regime, a top tax official said today. Tax collected in the maiden filings under the GST regime, which kicked in from July 1, are still being compiled as the last date for filings under differ...

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Category : GST | Comments : 0 | Hits : 274

Tax practitioners seek more time for filing GST returns
Posted Date : 26-Aug-2017 , 08:05:30 am | Posted By CASANSAAR

Tax practitioners have urged the government to grant more time for filing tax returns and invoices for the month of July, the first month since the roll-out of the goods and services tax (GST), as businesses and traders strive to adjust to the new indirect tax system. While many firms managed to ...

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Category : GST | Comments : 0 | Hits : 639

More than 2.9 million file GST returns
Posted Date : 26-Aug-2017 , 07:59:44 am | Posted By CASANSAAR

As many as 2,964,653 filers had submitted returns for July under the goods and services tax (GST) regime by the Friday evening. Friday was the deadline for filing returns. The number of filers are likely to increase as the day ends.   GST Network, which is responsible for the information tech...

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Category : GST | Comments : 0 | Hits : 230

Guidance for taxpayers in relation to GST
Posted Date : 25-Aug-2017 , 07:46:28 pm | Posted By CASANSAAR

To guide taxpayers in relation to GST matters, CBEC has issued a range of frequently asked questions related to GST law, procedures, tax rates, specific industry or sector.  The information is available on CBEC GST portal http://cbec-gst.gov.in under Services section. Taxpayers can se...

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Category : GST | Comments : 0 | Hits : 308

SC declares right to privacy as Fundamental right
Posted Date : 25-Aug-2017 , 07:46:55 am | Posted By CASANSAAR

In a landmark decision, the Supreme Court today declared the right to privacy a fundamental right under the constitution.  A nine-judge constitution bench headed by Chief Justice JS Khehar ruled that right to privacy is an intrinsic part of the Right to Life and Personal Liberty under Articl...

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Category : General | Comments : 0 | Hits : 237

RBI mulls ombudsman for NBFC customers
Posted Date : 24-Aug-2017 , 10:44:14 am | Posted By CASANSAAR

The central bank is considering an 'ombudsman' scheme for redressal of customer grievances at non-banking finance companies (NBFCs) in line with banks, Reserve Bank of India (RBI) Deputy Governor NS Vishwanathan said on Wednesday. He also said the Reserve Bank is not in favour of NBFCs ac...

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Category : RBI | Comments : 0 | Hits : 210

Satyam case - SAT gives SEBI more time to pass fresh order
Posted Date : 24-Aug-2017 , 12:12:16 am | Posted By CASANSAAR

The Securities Appellate Tribunal has given more time to Sebi for passing a fresh order in the Satyam case with respect to the quantum of punishment given to the erstwhile company's founder B Ramalinga Raju and his brother B Rama Raju. The tribunal on May 12 had asked Sebi to pass a fresh ord...

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Category : SEBI | Comments : 0 | Hits : 202

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