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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 : 594

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 : 1797

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 : 303

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 : 163

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 : 233

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 : 677

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 : 340

SEBI seeks forensic audit of MCX’s trading software
Posted Date : 24-Jan-2017 , 08:38:03 am | Posted By CASANSAAR

The Securities and Exchange Board of India (Sebi) has directed the board of Multi Commodity Exchange of India Ltd (MCX) to commission a special audit of its trading software, according to two people familiar with the development. The software is owned and operated by Financial Technologies India ...

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Category : SEBI | Comments : 0 | Hits : 190

Income Tax Dept to probe deeper into suspicious bank accounts
Posted Date : 24-Jan-2017 , 08:24:59 am | Posted By CASANSAAR

The Income Tax Department has widened its scrutiny of suspicious transactions postdemonetisation to cover term deposit accounts, loan repayments and advance remittances for imports in the postdemonetisation period. A senior official confirmed that after analysing cash deposits made in bank and po...

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Category : Income Tax | Comments : 0 | Hits : 166

Finance Ministry may review tax regime on long-term capital gains
Posted Date : 23-Jan-2017 , 10:23:43 pm | Posted By CASANSAAR

The finance ministry reviewing the long-term capital gains (LTCG) taxation regime ahead of the Union Budget 2017-18, in the backdrop of Prime Minister Narendra Modi’s suggestion of increasing contribution of financial market participants to the exchequer. Sources said the review may lead to...

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Category : Income Tax | Comments : 0 | Hits : 300

CBI arrests former IDBI Chairman in Vaijay Mallya loan default case
Posted Date : 23-Jan-2017 , 10:19:25 pm | Posted By CASANSAAR

Central Bureau of Investigation (CBI) has arrested former IDBI chairman in Vijay Mallya loan default case, according to sources. Four executives of Kingfisher Airlines and three more former executives of IDBI Bank were also arrested by CBI, according to reports.  Earlier in the day, in a dev...

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Category : Banking | Comments : 0 | Hits : 334

Budget 2017 to be presented on Feb 1, SC dismisses plea on postponing it
Posted Date : 23-Jan-2017 , 05:04:57 pm | Posted By CASANSAAR

Supreme Court on Monday dismissed the plea to change the Budget date from February 1. According to PTI, the Supreme Court dismissed the PIL, filed by ML Sharma, as there was no illustration to support that the presentation of the Budget would influence voters’ mind in state elections. The P...

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Category : Budget | Comments : 0 | Hits : 124

SC gives 2 weeks time to Centre for Verification of Mobile users
Posted Date : 23-Jan-2017 , 05:01:12 pm | Posted By CASANSAAR

The Supreme Court today asked the Centre to apprise it within two weeks about the steps which can be taken to scrutinise the existing and future mobile users in the country. A bench headed by Chief Justice J S Khehar said mobile numbers are now being used for banking purposes also and asked Centr...

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Category : General | Comments : 0 | Hits : 296

Cooperative banks can't accept deposits under PMGKY - Govt
Posted Date : 21-Jan-2017 , 09:10:10 pm | Posted By CASANSAAR

Government today clarified that Co-operative Banks are not authorised to accept deposits under the Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS). The scheme allows assessees to disclose previously unaccounted and undeclared income under its ambit.  The PMGKDS permits voluntary declarat...

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Category : Income Tax | Comments : 0 | Hits : 94

Cooperative banks can't accept deposits under PMGKY - Govt
Posted Date : 21-Jan-2017 , 09:09:32 pm | Posted By CASANSAAR

Government today clarified that Co-operative Banks are not authorised to accept deposits under the Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS). The scheme allows assessees to disclose previously unaccounted and undeclared income under its ambit.  The PMGKDS permits voluntary declarat...

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Category : Income Tax | Comments : 0 | Hits : 66

NSDL to seek final RBI go-ahead for payments bank
Posted Date : 21-Jan-2017 , 09:52:17 am | Posted By CASANSAAR

The leading depository NSDL on Friday said it will be applying "very soon" for the final licences to launch a payments bank and hopes to roll out the new entity over the next three months. "We have complied with all the requirements for the final licence and will be making the fina...

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Category : Banking | Comments : 0 | Hits : 145

Income Tax dept gets over Rs300 crore declarations under PMGKY
Posted Date : 21-Jan-2017 , 09:43:46 am | Posted By CASANSAAR

The income tax department has received confirmations for over Rs300 crore declarations from across the country till now as part of the ongoing black money window called the Pradhan Mantri Garib Kalyan Yojna (PMGKY), brought out by the government post demonetisation. Officials said I-T department ...

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Category : Income Tax | Comments : 0 | Hits : 130

CA Exam Date Sheet for May 2017 - ICAI
Posted Date : 19-Jan-2017 , 07:58:58 pm | Posted By CASANSAAR

No. 13-CA (EXAM)/M/2017: In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to announce that the Intermediate (IPC) and Final examinations will be held on the dates given below at the following place...

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Category : CS Exams | Comments : 0 | Hits : 1050

Cabinet approves Listing of Government owned General Insurance Companies at the stock exchanges
Posted Date : 19-Jan-2017 , 08:27:39 am | Posted By CASANSAAR

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has given its ‘in principle’ approval  for listing the following five Government owned General Insurance Companies in the stock exchanges.  These are:   The New India Assuran...

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Category : Shares & Stock | Comments : 0 | Hits : 148

Cabinet approves the exclusion of States from the investments of National Small Savings Fund from 1.4.2016
Posted Date : 19-Jan-2017 , 08:25:22 am | Posted By CASANSAAR

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to exclude State Governments States/UTs (with Legislature) except Arunachal Pradesh, Delhi, Kerala and Madhya Pradesh from National Small Savings Fund (NSSF) investments from 01.04.2016.  It also appr...

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Category : Income Tax | Comments : 0 | Hits : 127

Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016
Posted Date : 19-Jan-2017 , 08:24:23 am | Posted By CASANSAAR

The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 (PMGKY) has commenced on 17th December, 2016 and is open for declarations up to 31st March, 2017.  CBDT has received queries from stakeholders seeking clarifications about various provisions of the Scheme. The is...

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Category : Income Tax | Comments : 0 | Hits : 139

IDS disclosures valid if taxes realised by December 5 - CBDT
Posted Date : 18-Jan-2017 , 09:06:28 am | Posted By CASANSAAR

In a minor relaxation to IDS tax payment rules, the Income Tax Department has said disclosures under the scheme will be considered valid even if the tax amount has been realised by December 5.  The first instalment of taxes was to be paid by November 30.  The government had come out ...

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Category : CBDT | Comments : 0 | Hits : 319

CBDT puts on hold circular on taxation of indirect transfer of shares
Posted Date : 18-Jan-2017 , 09:00:47 am | Posted By CASANSAAR

In a bid to soothe the nerves of foreign portfolio investors spooked by a fresh tax burden on indirect transfers mooted by the Central Board of Direct Taxes last month, the finance ministry stepped into the picture on Tuesday and put the tax department missive in abeyance till further notice. The...

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Category : Income Tax | Comments : 0 | Hits : 266

CAG wants provision in GST law to seek any info for Audit
Posted Date : 18-Jan-2017 , 08:58:46 am | Posted By CASANSAAR

As government prepares ground for roll-out of GST from July 1, CAG has demanded explicit provision in the law to empower the official auditor to call for any information for audit of Goods and Service Tax (GST) receipts and utilisation of their funds.  While the Comptroller and Auditor Gener...

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Category : CAG | Comments : 0 | Hits : 537

Legislative Amendments/Standards/Guidance Notes for May, 2017 CA Final Exams
Posted Date : 18-Jan-2017 , 08:47:07 am | Posted By CASANSAAR

Applicability of Standards/Guidance Notes/Legislative Amendments etc. for May, 2017 – Final Examination Paper 1: Financial Reporting I. Framework for the Preparation and Presentation of Financial Statements. II. Accounting Standards AS No.    AS Title 1   ...

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Category : CA Exams | Comments : 0 | Hits : 707

Legislative Amendments/Standards/Guidance Notes for May, 2017 IPC Exam
Posted Date : 18-Jan-2017 , 08:41:39 am | Posted By CASANSAAR

Applicability of Standards/Guidance Notes/Legislative Amendments etc. for May, 2017 – Intermediate (IPC) Examination Paper 1: Accounting Accounting Standards AS 1 : Disclosure of Accounting Policies AS 2 : Valuation of Inventories AS 3 : Cash Flow Statements AS  7 :...

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Category : CS Exams | Comments : 0 | Hits : 375

Pass Percentage CPT December, 2016 Exams
Posted Date : 18-Jan-2017 , 08:29:33 am | Posted By CASANSAAR

Common Proficiency Test (CPT) held in December, 2016. The details of percentage of candidates passed in the above said examination is given below. Pass Percentage CPT December, 2016   Gender No. of candidates appeared No. of candidates passed Pass Percentage E...

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Category : CA Results | Comments : 0 | Hits : 809

Pass Percentage & Toppers of CA Final Nov.16 Exams
Posted Date : 17-Jan-2017 , 02:13:44 pm | Posted By CASANSAAR

The Result of Chartered Accountants Final Examination has been declared.  The Details of Percentage of candidates passed in the above said examinations are given below.     No. of Candidates Passed Candidates  Pass %   Group - I...

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Category : CA Results | Comments : 0 | Hits : 6551

Good Luck - CA Final, ISA & CPT Exams Result Day
Posted Date : 17-Jan-2017 , 08:27:43 am | Posted By CASANSAAR

The Institute of Chartered Accounts of India (ICAI) will soon declare the Chartered Accountants (CA) final examination and Common Proficiency Test (CPT) exam result 2016. The Common Proficiency Test (CPT) final examination and Chartered Accountants (CA) was conducted by Institute of Chartered Accoun...

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Category : CA Results | Comments : 1 | Hits : 1427

RBI enhances cash withdrawal limit from ATMs to Rs 10000 per day
Posted Date : 16-Jan-2017 , 11:28:26 pm | Posted By CASANSAAR

The Reserve Bank of India has raised the daily Cash withdrawal limit of 4500 rupees from ATMs to ten thousand rupees per card with immediate effect. However, the overall withdrawal limit from saving accounts will remain unchanged at 24 thousand rupees per week. The limit on withdrawal from curren...

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Category : RBI | Comments : 0 | Hits : 236

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