Login  |  Register  |  Forgot Password 
Below Login Ad


India’s biggest tax reform measure, GST Bill passed in Rajya Sabha
Posted Date : 03-Aug-2016 , 09:29:53 pm | Posted By CASANSAAR

  After an over seven hour-long debate, the Rajya Sabha today passed the long-pending Goods and Services Tax (GST) which is being described as the country's most transformative tax reform in decades. Barring All India Anna Dravida Munnetra Kazhagam (AIADMK) most other parties supported t...

Continue Reading...

Category : GST | Comments : 0 | Hits : 938

Cabinet clears Motor Vehicle (Amendment) Bill 2016 to improve road safety in India
Posted Date : 03-Aug-2016 , 08:49:11 pm | Posted By CASANSAAR

Union Cabinet today gave its approval to Motor Vehicle (Amendment) Bill 2016 to improve road safety in the country. The bill proposes to increase penalties against traffic violations to as deterrent measure.  It also has stricter provisions for offences like juvenile driving, drunken driving...

Continue Reading...

Category : General | Comments : 0 | Hits : 138

GST Bill amendments circulated, RS to take it up tomorrow
Posted Date : 02-Aug-2016 , 07:36:56 pm | Posted By CASANSAAR

The government has circulated official amendments to the GST bill to drop 1 per cent additional tax and include a definite provision in the statute for compensating states for revenue loss for 5 years as it gears up to discuss the long-pending bill in the Rajya Sabha tomorrow. Under the modified ...

Continue Reading...

Category : GST | Comments : 0 | Hits : 362

Pass Percentage of CA IPC May 2016 Exams
Posted Date : 02-Aug-2016 , 02:20:51 pm | Posted By CASANSAAR

CA IPC May 2016 Exams Result has been announced by ICAI. The Detail of percentage of candidates passed in the above said examinations are given below.     Candidates Applied For No. Of Candidates Appeared No. Of Candidates Passed % Of Pass I ...

Continue Reading...

Category : ICAI | Comments : 0 | Hits : 2516

Govt lists GST bill in Rajya Sabha for Wednesday
Posted Date : 01-Aug-2016 , 09:48:39 pm | Posted By CASANSAAR

The long-pending GST Bill was today listed for consideration and passage in Rajya Sabha on Wednesday amidst strong indications that the most far-reaching taxation reform in independent India would be supported by Congress and all other major political parties. The Goods and Services Tax (GST) Bil...

Continue Reading...

Category : GST | Comments : 0 | Hits : 520

RBI releases guidelines for on-tap bank licence
Posted Date : 01-Aug-2016 , 09:45:23 pm | Posted By CASANSAAR

Reserve Bank of India (RBI) on Monday released the much-awaited guidelines for 'on tap' universal banking licence, but excluded large industrial houses as eligible entities from the purview, though they can invest in banks up to 10 per cent. As per the "Guidelines for 'on tap'...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 236

Lok Sabha clears Bill for quicker, easier debt recovery
Posted Date : 01-Aug-2016 , 09:38:14 pm | Posted By CASANSAAR

The Lok Sabha on Monday passed a law empowering banks to take possession of collateral in the case of loan default, except for farm land, while Finance Minister Arun Jaitley promised a compassionate view on education loans. He ruled out any waiver in the event of e...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 242

Rani Nair set to be new CBDT Chairperson
Posted Date : 31-Jul-2016 , 06:31:08 pm | Posted By CASANSAAR

  Senior IRS officer Rani Singh Nair is set to be appointed as the new CBDT Chairperson with incumbent Atulesh Jindal retiring today. Nair, a 1979-batch Indian Revenue Service officer of the Income-Tax cadre, is currently working as Member (Legislation and Computerisation) in the Centra...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 298

Government Extends Deadline For Filing ITRs to 5th August
Posted Date : 29-Jul-2016 , 08:24:38 pm | Posted By CASANSAAR

The government has extended the last date for filing income tax returns, Press Trust of India reported. Revenue Secretary Hasmukh Adhia said the last date for filing income tax returns has been extended to August 5, 2016, the agency said. Generally, July 31 is the last date for filing income t...

Continue Reading...

Category : ITR | Comments : 0 | Hits : 1534

Finance Ministry warns tax officials on resolution against revenue dept
Posted Date : 29-Jul-2016 , 09:29:22 am | Posted By CASANSAAR

Sending a stern warning of disciplinary action against tax officials who passed a resolution against Department of Revenue last week, the finance ministry has said it’s an act of insubordination and that no government department has absolute autonomy. “Finance minister Arun Jaitley ha...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 614

Simplified Central Excise norms for Jewellery Sector notified
Posted Date : 29-Jul-2016 , 09:18:27 am | Posted By CASANSAAR

In this year’s Budget, central excise duty of 1% without input and capital goods tax credit or 12.5% with credit was imposed on articles of jewellery falling under heading 7113 of the First Schedule to the Central Excise Tariff 1985. Subsequent to that, the Government had set up a Sub-Committe...

Continue Reading...

Category : Excise | Comments : 0 | Hits : 396

Bank employees on strike today against merger with SBI
Posted Date : 29-Jul-2016 , 09:16:16 am | Posted By CASANSAAR

Normal banking operations may take a hit today as public sector bank employees will go on strike to protest against proposed merger of associate banks with SBI and banking reforms announced by the government. The United Forum of Banks Unions, an umbrella organisation of nine bank employees and offic...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 710

Lok Sabha passes comprehensive bill to check benami transactions
Posted Date : 27-Jul-2016 , 10:37:55 pm | Posted By CASANSAAR

Seeking to check black money, Lok Sabha on Wednesday passed a comprehensive Benami Transactions Amendment Bill, with Finance Minister Arun Jaitley assuring that genuine religious trusts will be kept out of the purview of the legislation. Moving the Benami Transactions (Prohibition) Amendment Bill...

Continue Reading...

Category : General | Comments : 0 | Hits : 762

Cabinet increases the limit for foreign investment in Stock Exchanges from 5% to 15%
Posted Date : 27-Jul-2016 , 09:59:08 pm | Posted By CASANSAAR

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for raising foreign shareholding limit from 5% to 15% in Indian Stock Exchanges for a stock exchange, a depository, a banking company, an insurance company, a commodity derivative exchange. The Cabinet has also...

Continue Reading...

Category : International Business | Comments : 0 | Hits : 222

RBI slaps Rs 27-cr penalty on 13 banks for FEMA
Posted Date : 27-Jul-2016 , 09:50:39 pm | Posted By CASANSAAR

In a major crackdown for FEMA violations and KYC lapses, the RBI has imposed Rs 27-crore penalty on 13 public and private sector banks, including PNB and HDFC Bank, while asking eight others including SBI and ICICI Bank to ensure strict compliance with guidelines. On the basis of inputs received ...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 495

Govt fixes Dec 31 deadline for retro tax settlement
Posted Date : 27-Jul-2016 , 09:49:31 pm | Posted By CASANSAAR

Government has fixed December 31, 2016 as the deadline for companies like Vodafone and Cairn Energy Plc to settle their retrospective tax disputes. The one-time offer to settle tax issues by waiving of interest and penalty, if the companies paid up the principal tax amount, had opened on June 1 t...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 222

Union Cabinet clears amendments in GST Bill
Posted Date : 27-Jul-2016 , 09:47:58 pm | Posted By CASANSAAR

Union Cabinet today approved amendment in Goods and Services Tax Bill and dropped one percent additional tax on inter-state sales as proposed in the current bill. Sources said, the Cabinet also agreed to include the mechanism of compensating states for all loss of revenue for five years in the bi...

Continue Reading...

Category : GST | Comments : 0 | Hits : 510

Lok Sabha passes the Child Labour Amendment Bill
Posted Date : 27-Jul-2016 , 08:49:12 am | Posted By CASANSAAR

The Lok Sabha on Monday passed the Child Labour (Prohibition and Regulation) Amendment Bill, 2016, despite opposition by several MPs. The Bill, passed by the Rajya Sabha on July 19, was put to a clause-by-clause vote following a five-hour-long discussion in which 37 MPs spoke with several, includ...

Continue Reading...

Category : General | Comments : 0 | Hits : 275

CA Inter (IPC) May 2016 Exam result will be on 2nd August 2016
Posted Date : 26-Jul-2016 , 10:55:51 pm | Posted By CASANSAAR

The result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination held in May, 2016 is likely to be declared on Tuesday, the 2nd August 2016 around 4.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above marks and upto the ...

Continue Reading...

Category : CA Results | Comments : 0 | Hits : 213

RBI slaps penalty on UCO Bank, Allahabad Bank, Bank of India
Posted Date : 26-Jul-2016 , 10:48:55 pm | Posted By CASANSAAR

RBI has imposed penalty of Rs 2 crore each on Allahabad Bank and UCO Bank, and Rs 1 crore on Bank of India for violation of anti-money laundering norms. UCO Bank in a BSE filing said that the Reserve Bank has "imposed a penalty" of Rs 2 crore on it on account of "few lapses in adhe...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 432

Centre, states make headway on key GST issues
Posted Date : 26-Jul-2016 , 10:41:56 pm | Posted By CASANSAAR

Making headway on the long- pending GST Bill, the Centre and States today agreed on the principle that the tax rate will be lower than the current levels even as the broad consensus emerged that the rate should not be part of the statute. A meeting of the Empowered Committee of State Finance Mini...

Continue Reading...

Category : GST | Comments : 0 | Hits : 105

CBDT issues draft rules for taxing buy back of unlisted shares
Posted Date : 26-Jul-2016 , 08:25:19 am | Posted By CASANSAAR

Central Board of Direct Taxes (CBDT) on Monday came out with draft rules for determining the quantum of distributed income arising out of buy back of shares of unlisted companies for levy of tax. The distributed income was defined as the consideration paid by the company on buy back o...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 419

RBI slaps penalty on BoB, HDFC Bank & PNB
Posted Date : 26-Jul-2016 , 08:20:42 am | Posted By CASANSAAR

The Reserve Bank of India on Monday slapped penalties ranging from ₹2 crore to ₹5 crore on Bank of Baroda, HDFC Bank, and Punjab National Bank over the issue of advance import remittances. Bank of Baroda said the RBI has imposed a penalty of ₹5 crore on it. This follows the banking regulato...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 797

Cyber attack on Union Bank’s offshore accounts
Posted Date : 23-Jul-2016 , 08:39:18 am | Posted By CASANSAAR

Public sector Union Bank of India on Friday said one of the bank’s offshore accounts was breached in a cyber attack but the money trail was traced and movement of funds was blocked. “There was an attempted cyber incidence in USD Nostro Account of the bank. The money trail was prompt...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 519

HSBC may come under RBI lens for forex scam
Posted Date : 23-Jul-2016 , 08:37:14 am | Posted By CASANSAAR

  The Reserve Bank of India may look into the latest disclosure of an alleged foreign exchange fraud committed by two British executives working for HSBC while servicing Cairn Energy. The alleged scam took place in 2010 when Cairn Energy sold its Indian subsidiary to Vedanta for $3.5 billion...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 310

CBDT launches paperless PAN and TAN application process
Posted Date : 23-Jul-2016 , 08:32:07 am | Posted By CASANSAAR

For fast tracking the allotment of PAN and TAN to company applicants, Digital Signature Certificate(DSC) based application procedure has been introduced on the portals of PAN service providers M/s NSDL eGov and M/s UTIITSL.  Under the new process PAN and TAN will be allotted within one day afte...

Continue Reading...

Category : PAN | Comments : 0 | Hits : 1063

I-T dept detects Rs 22K cr undisclosed income in 2 yrs: FM
Posted Date : 23-Jul-2016 , 08:26:01 am | Posted By CASANSAAR

The Income Tax Department has detected undisclosed income worth Rs 22,475 crore in over 9,500 surveys conducted over the past two years, Finance Minister Arun Jaitley said today. As part of enforcement measures the department has conducted searches in 990 groups of assessees during the last two y...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 454

RBI to monitor banks on customer rights
Posted Date : 22-Jul-2016 , 07:44:15 am | Posted By CASANSAAR

Reserve Bank will shortly start monitoring banks on issues relating to customer rights in five broad areas, a senior official said today. The areas on which the regulator will be conducting surveys and supervision at various banks are – right to privacy, right to fair treatment & transp...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 341

Only 18% of Indian companies ready for mandatory audit firm rotation
Posted Date : 22-Jul-2016 , 07:40:42 am | Posted By CASANSAAR

Only 18 per cent Indian companies are prepared to rotate by 1 April 2017 auditors who have completed 10 years or more as required under the Companies Act 2013, a survey by Grant Thornton and Prime Database says. The survey says that only 18 per cent have either appointed auditors or have a compre...

Continue Reading...

Category : Auditing | Comments : 0 | Hits : 633

‘START-UP INDIA’ - Coverage and Eligibility
Posted Date : 22-Jul-2016 , 07:30:20 am | Posted By CASANSAAR

Press Information Bureau Government of India Ministry of Commerce & Industry 20-July-2016 14:28 IST ‘START-UP INDIA’-Coverage and Eligibility             Till date 728 applications have been received in the Startup India portal. Out of them,...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 607

News By Categories

More Categories

Search News


Professional News For CA,CS,CMA.Fresh Accounting News Articles On Income Tax,Service Tax,Sales Tax, Vat,Company Law,RBI,CAG,Custom,Excise On CASANSAAR

...keeps you updated


  |  News

  |  Articles

  |  Discussion

  |  CA Firms

 |  Members

 |  CA Community

 |  Jobs

 |  Empanelment

 |  Files

 |  Matrimonial

 |  Students zone

 |  Queries

 |  Classified Ads

 |  Events

 |  About us

 |   Top Members

 |  Coaching Centres

  | Testimonials

 | Judiciary

 | Notifications/Circulars

 | Book

 | eDirectory

 | Interview

 | Website

 | Emails

 | Software

 |  Score Board

 |   Press Release  

 |   Blood Bank  

  |   Opinion Poll  

  |   Feedback
 |   Advertise us

 |   Terms & Conditions

 |   Contact us
 |   Blog

  |   Sitemap

  |   Income Tax

  |   Auditing

  |   Bank

  |   Bank branch audit

  |   Banking

  |   Black Money

  |   CA

  |   CA Announcement

  |   TDS

  |   Students Zone

  |   Custom

  |   VAT

  |   Service Tax

  |   Corporate Law

  |   General

  |   Excise

  |   SEBI

  |   Finance

  |   GST

  |   ICAI

  |   FEMA

  |   ICWAI

  |   ICSI

  |   DGFT

  |   RBI

  |   IFRS

  |   CAG

  |   Budget

  |   Merger & Acquisitions

  |   International Business

  |   Shares & Stock

  |   Excel Tips

  |   International Taxation

  |   ITR

  |   Chartered Accountant

  |   Tax Audit

  |   Companies Act

  |   Money Laundering

  |   MCA

  |   Income Tax Refund

  |   NPA

  |   Income tax software

  |   CST

  |   CA Exams

  |   CA Results

  |   CBDT

  |   Accounting Standards

  |   DIN

  |   Judical Announcement

  |   MDP

  |   PAN

  |   Whats App

  |   Secretarial Standards

  |   NGO

  |   CA Convocation

  |   Finance Bill

  |   ICAI Notification

  |   CARO


  |   Accounts

Follow Us : Twitter Icon Facebook Icon Orkut Icon Linkedin Icon


louboutin shoes sale louboutin shoes uk louboutin schuhe replica designer handbags

↑ Grab this Headline Animator

Developed By: CASANSAAR Copyright © casansaar

Top Accounting Firms,CA COMMUNITY,CA SANSAAR,Chartered Accountant,Ca Networking Firms,Partner Portal,Ca Assignments,CA,Online Communities For Chartered Accountant,Circle For Ca,CS,CMA and FINANCE,Articles By CA / CS / CMA,accounting news articles,Ca Firms In Delhi,CA ANNOUNCEMENT

accounting jobs,article trainees,best website creator,empanelment,income tax slab, ITR, TDS Chart,budget of india 2014-15,gst,auditing,Income tax,students zone,cpt,community matrimony for ca,Classified Ads,Community Matrimony For Ca,Students Zone,Coaching Classes,Company Secretary,Cost Accountant,Judiciary.