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Budget session of Parliament begins today
Posted Date : 29-Jan-2018 , 09:00:09 am | Posted By CASANSAAR

The Budget session of Parliament begins today. The first phase of the session will commence with President Ram Nath Kovind's address to a joint session of both the houses. The Economic Survey will also be tabled today. The Budget will be presented on Thursday. During the session, the governme...

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Category : Budget | Comments : 0 | Hits : 455

Pass Percentage & Toppers of CA IPC November 2017 Exams
Posted Date : 28-Jan-2018 , 05:33:03 am | Posted By CASANSAAR

RESULT OF CHARTERED ACCOUNTANTS INTERMEDIATE (IPC) EXAMINATION HELD IN NOVEMBER 2017.     GROUP    No of Candidates    No of Candidates      % of Pass Appeared    Appeared            &nbs...

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Category : CA Results | Comments : 0 | Hits : 850

Time limit to Bankuptcy resolution process may be extended by 60 days
Posted Date : 27-Jan-2018 , 02:19:51 pm | Posted By CASANSAAR

The government is considering a proposal to extend the time limit for the bankruptcy resolution process by up to 60 days following recent changes in the Insolvency and Bankruptcy Code (IBC) that have led to a reset in the process in many cases, said officials aware of the matter.  This could...

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Category : Insolvent Professional | Comments : 0 | Hits : 359

Govt allows Small Finance Banks & Payments Banks to offer Atal Pension Yojana
Posted Date : 27-Jan-2018 , 02:13:07 pm | Posted By CASANSAAR

Government has allowed Small Finance Banks and Payments Banks to offer Atal Pension Yojana (APY). Finance Ministry in a statement said, 10 Small Finance Banks and 11 Payment Banks have got license from Reserve Bank of India to start banking operations in the country. The Banks include Ujjivan Sma...

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Category : Banking | Comments : 0 | Hits : 334

Result of CA IPC Exam held in Nov 2017 to be declared on 28th Jan.2018
Posted Date : 27-Jan-2018 , 08:37:31 am | Posted By CASANSAAR

The result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination held in November 2017 is likely to be declared on Sunday, the 28th January 2018 around 6.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above marks and upto...

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Category : CA Results | Comments : 0 | Hits : 493

Govt collects Rs 86,703 cr under GST in December
Posted Date : 26-Jan-2018 , 10:23:35 am | Posted By CASANSAAR

Government has collected 86,703 crore rupees under GST in the last month. Finance Ministry said, one crore taxpayers have been registered under GST so far.  Of them over 17 lakh are Composition Dealers which are required to file returns every quarter. It said, over 56 lakh GSTR 3B returns ha...

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Category : GST | Comments : 0 | Hits : 186

Chartered accountants gatekeeper for companies, must stay away from murky things
Posted Date : 25-Jan-2018 , 09:01:18 am | Posted By CASANSAAR

Chartered accountants are the gatekeepers for corporates and should keep away from being part of "murky things", a senior government official said amid the clamp down on illicit fund flows.  Corporate Affairs Secretary Injeti Srinivas also urged chartered accountants to work toward...

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Category : Chartered Accountant | Comments : 0 | Hits : 1247

RBI warns banks about crypto risks, wants higher scrutiny
Posted Date : 25-Jan-2018 , 08:53:51 am | Posted By CASANSAAR

The Reserve Bank of India (RBI) has warned lenders about cryptocurrencies, telling them to step up scrutiny of financial transactions by companies and exchanges involved in the trade of bitcoins and similar digital tender, said two people aware of the matter.  While the central bank stopped ...

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Category : RBI | Comments : 0 | Hits : 385

Govt announces details of Bank recap and Comprehensive Reform Plan
Posted Date : 25-Jan-2018 , 08:46:19 am | Posted By CASANSAAR

The Government of India today unveiled details of the re-capitalisation of Public Sector Banks (PSBs) announced in October, 2017.  The capital infusion plan for 2017-18 includes Rs.80,000 crore through Recap Bonds and Rs.8,139 crore as budgetary support.  This plan addresses regulatory cap...

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Category : Banking | Comments : 0 | Hits : 269

Do not donate over Rs.2,000 in cash to political parties - Income Tax Department
Posted Date : 24-Jan-2018 , 08:53:46 am | Posted By CASANSAAR

The Income Tax Department on Tuesday cautioned people against indulging in illegal cash transactions including donating more than Rs.2000 to political parties. In a bid to clean up election funding, the government early this year had notified ‘electoral bonds’ that can be bought from ...

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Category : Income Tax | Comments : 0 | Hits : 384

RBI, Govt may give banks more time to switch to IndAS
Posted Date : 23-Jan-2018 , 08:51:32 am | Posted By CASANSAAR

The government and the Reserve Bank of India (RBI) may postpone the implementation of new accounting standards for banks because of the legislative changes and additional capital requirements the process would entail, according to three senior officials familiar with the matter. Banks and non-ban...

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Category : RBI | Comments : 0 | Hits : 224

Accepting of UIN of Foreign Diplomatic Missions/UN Organizations while making supplies
Posted Date : 23-Jan-2018 , 08:42:06 am | Posted By CASANSAAR

Complaints have been received from the Foreign Diplomatic Missions / UN Organizations regarding unwillingness of vendors / suppliers / E-commerce websites to record the UIN (Unique Identify Number) while making sales to such Embassies / Missions / Consulates or UN organizations.  It may be n...

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Category : GST | Comments : 0 | Hits : 180

Increase tax exemption limit to Rs 3 lakh - SEBI
Posted Date : 23-Jan-2018 , 08:39:57 am | Posted By CASANSAAR

With rise in personal disposable income post 7th Pay Commission, the income tax exemption limit needs to be raised by Rs 50,000 to Rs 3 lakh, a SBI report said today. The move will benefit around 75 lakh people, it said. The SBI's Ecowrap report further said that if the exemption limit of ...

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Category : Income Tax | Comments : 0 | Hits : 389

ICAI clarification on Exemptions(s) from appearing in a paper(s) or Group of CA exams
Posted Date : 23-Jan-2018 , 08:36:59 am | Posted By CASANSAAR

Clarifications on the announcement dated 9th January 2018 on “Exemptions(s) from appearing in a paper(s) or Group of CA exams under the New Scheme of Education and Training w.e.f May 2018 examinations. It is seen that queries are being raised whether a candidate who has passed one of the Gr...

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Category : CA Exams | Comments : 0 | Hits : 826

Printing of Union Budget documents 2018-19 begins
Posted Date : 22-Jan-2018 , 09:47:53 am | Posted By CASANSAAR

The printing of union budget documents 2018-19 started pm on Saturday with the traditional annual Halwa ceremony.  Finance Minister Arun Jaitley performed the symbolic Halwa ceremony along with Minister of State for Finance Shiv Pratap Shukla and other senior officials at North Block in New ...

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Category : Budget | Comments : 0 | Hits : 400

Last date for filing GSTR-3B for the month of Dec.17 extended
Posted Date : 20-Jan-2018 , 10:43:58 am | Posted By CASANSAAR

Tweet by GST for Last date for filing GSTR-3B for the month of Dec.2017 extended.   GST@GoI‏Verified account @askGST_GoI 6h6 hours ago More The last date for filing return in FORM GSTR-3B for the month of December, 2017 is extended by two days to 22nd Januar...

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Category : GST | Comments : 0 | Hits : 343

Defaulter of Income Tax TDS arrested and sent to jail by ​the ​Tis Hazari Court
Posted Date : 20-Jan-2018 , 10:07:07 pm | Posted By CASANSAAR

Tis Hazari Court has ordered judicial custody of the Director of a Delhi based Real Estate and IT Solution Company for non-compliance in Income Tax TDS Default case. It was found during investigations that the company had deducted TDS but had not deposited in the Government account despite there bei...

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Category : Income Tax | Comments : 0 | Hits : 254

TRAI recommends allowing mobile, Internet services during air travel
Posted Date : 20-Jan-2018 , 10:05:02 pm | Posted By CASANSAAR

Telecom Regulatory Authority of India today recommended allowing mobile and Internet services for passengers during air travel in the country through both satellite and terrestrial network. In its recommendation, the authority said, Internet and Mobile Communication on Aircraft service should be per...

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Category : Shares & Stock | Comments : 0 | Hits : 106

Sebi to accept only online filing of records from April 1
Posted Date : 20-Jan-2018 , 04:03:15 pm | Posted By CASANSAAR

Online filing of records related to offer documents, schemes of arrangement, takeovers and buybacks need to be submitted only online to Sebi from April 1, the markets regulator said on Friday. In a circular, Sebi noted that the simultaneous filing of documents - physical and online- should start ...

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Category : SEBI | Comments : 0 | Hits : 257

Modi government has bad news for Indians dreaming of easy money via bitcoins
Posted Date : 20-Jan-2018 , 01:39:36 pm | Posted By CASANSAAR

Bitcoin, the cryptocurrency that has become the craze all over the world, is a hit with a lot of Indians too. More than $3.5 billion worth of transactions in the cryptocurrency have been conducted in India over a 17-month period, according to the income tax department. Bitcoin has the allure of any ...

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Category : Bitcoins | Comments : 0 | Hits : 750

Top banks suspend accounts of major Bitcoin exchanges in India
Posted Date : 20-Jan-2018 , 10:34:33 am | Posted By CASANSAAR

Top lenders including State Bank of India, Axis BankBSE 1.12 %, HDFC BankBSE 1.00 %, ICICI Bank and Yes Bank have suspended some accounts of major Bitcoin exchanges in India, suspecting dubious transactions, three people aware of the development said.  The banks have also sought additional c...

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Category : Banking | Comments : 0 | Hits : 648

No error in the results of CA Final examination held in November 2017 declared on Jan. 17 - ICAI
Posted Date : 19-Jan-2018 , 06:17:45 am | Posted By CASANSAAR

PRESS RELEASE The Institute of Chartered Accountants of India (ICAI) has clarified that there is no error in the results of CA Final examination held in November 2017 declared yesterday (17.01.2018). As per the procedure, the CA Final results including marks scored by the candidates in indiv...

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Category : CA Results | Comments : 0 | Hits : 555

Recommendations for Changes In GST/IGST Rate and Clarifications in Respect of GST Rate
Posted Date : 18-Jan-2018 , 10:30:36 pm | Posted By CASANSAAR

The Union Finance Minister Shri Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi today. The Council has recommended certain in GST/IGST rate and clarifications in respect of GST rate on Goods specified below as per discussions in the 25thGST Council Meeting held today. Thes...

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Category : GST | Comments : 0 | Hits : 663

Policy Changes recommended by the 25th GST Council Meeting
Posted Date : 18-Jan-2018 , 10:28:53 pm | Posted By CASANSAAR

The Union Finance Minister Shri Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi today. The following Policy Changes have been recommended by the GST Council in its 25thmeeting held today:   The late fee payable by any registered person for failure to furnish&...

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Category : GST | Comments : 0 | Hits : 412

Recommendations made on GST Rate changes on services by the 25th GST Council Meeting
Posted Date : 18-Jan-2018 , 10:26:48 pm | Posted By CASANSAAR

The Union Finance Minister Shri Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi today. The Council has recommended many relief measures regarding GST rates ongoods and services covering many sectors and  commodities.  The Council has also recommended issuance of ...

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Category : GST | Comments : 0 | Hits : 455

GST Council discusses making return filing process simpler
Posted Date : 18-Jan-2018 , 10:52:31 am | Posted By CASANSAAR

The all-powerful GST Council today veered around the idea of making the GST return filing process simpler to ease compliance burden for small businesses. The panel, headed by Finance Minister Arun Jaitley and comprising representatives of all states, at its 25th meeting today decided to reduce ta...

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Category : GST | Comments : 0 | Hits : 449

GST Council reduces tax rate on 29 goods and 53 categories of services
Posted Date : 18-Jan-2018 , 10:20:58 pm | Posted By CASANSAAR

Goods and Services Tax Council has reduced the tax rate on 29 goods and 53 categories of services by bringing them in lower category. The new rates will be effective from 25th of this month.  The GST rate on tailoring service has been reduced from 18 to 5 percent and tax on entry services to...

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Category : GST | Comments : 0 | Hits : 592

Shell Companies’ directors under the scanner for wiring illegal funds
Posted Date : 18-Jan-2018 , 09:28:16 am | Posted By CASANSAAR

After a crackdown against more than 2.5 lakh defaulting companies since demonetisation, the Serious Fraud Investigation Office (SFIO) has begun probe into the role of directors, who were on the board of multiple mailbox entities that were allegedly used to wire illegal fund transfers. SFIO, which...

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Category : Companies Act | Comments : 0 | Hits : 599

RBI says all 14 types of Rs 10 coin valid, legal tender
Posted Date : 18-Jan-2018 , 09:06:07 am | Posted By CASANSAAR

Dispelling rumours and addressing the reluctance of traders to accept Rs 10 coins, the Reserve Bank of India said that all of the 14 designs of the coin are valid and legal tender for transactions. "It has come to the notice of the Reserve Bank that in certain places there is reluctance on part...

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Category : RBI | Comments : 0 | Hits : 471

Price Waterhouse moves SAT against SEBI's two-year ban ruling
Posted Date : 18-Jan-2018 , 09:03:01 am | Posted By CASANSAAR

Price Waterhouse has moved the Securities Appellate Tribunal (SAT) against the Securities and Exchange Board of India (Sebi) order which has barred it from taking up audit of listed companies for a period of two years. Beside PW, Sebi has also barred two of its partners for a period of three year...

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Category : Income Tax | Comments : 0 | Hits : 441

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