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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 : 1478

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 : 241

Centre, states reach consensus on GST; rollout from July 1
Posted Date : 16-Jan-2017 , 11:26:04 pm | Posted By CASANSAAR

 In a significant breakthrough in implementation of India's biggest tax reform, the deadlock over administration of GST ended on Monday after the Centre agreed to allow states control over most of small taxpayers, but the rollout date was pushed back by 3 months to July 1. The split of G...

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Category : GST | Comments : 0 | Hits : 652

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Posted Date : 16-Jan-2017 , 09:47:48 am | Posted By CASANSAAR

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Category : CA | Comments : 0 | Hits : 534

GST Council to meet on dual control on Monday
Posted Date : 16-Jan-2017 , 09:27:26 am | Posted By CASANSAAR

In a make-or-break meeting, the Centre and States will try and resolve the pending issues around the Goods and Services Tax (GST) on Monday to ensure its timely roll out from April 1. The GST Council will try to reach a compromise on administrative control over businesses. “If States get...

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Category : GST | Comments : 0 | Hits : 228

SEBI cuts broker fees by 25 pc to Rs 15 per transaction
Posted Date : 16-Jan-2017 , 09:18:17 am | Posted By CASANSAAR

Securities and Exchange Board of India, SEBI, has decided to lower broker fees by 25 per cent to 15 rupees per transaction of one crore rupees as part of calibration of various other fees collected by the regulator from different market intermediaries. The move is likely to reduce overall cost of tr...

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Category : SEBI | Comments : 0 | Hits : 132

CA Final Nov 2016 & CPT Exam Result to be Declared on 17th Jan.2017
Posted Date : 16-Jan-2017 , 09:17:19 am | Posted By CASANSAAR

The result of the Chartered Accountants Final Examination held in November 2016 and Common Proficiency Test (CPT) held in December 2016 are likely to be declared on Tuesday, the 17th January 2017 around 2.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above ...

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Category : CA Results | Comments : 0 | Hits : 251

Supreme Court orders SEBI to expedite probe against PwC in Satyam Case
Posted Date : 13-Jan-2017 , 08:26:14 am | Posted By CASANSAAR

The Supreme Court on Tuesday asked market regulator Securities Exchange Board of India, or Sebi, to expedite enquiry against global auditing firm PricewaterhouseCoopers (PwC) in the corporate fraud case involving Satyam Computer Services Ltd. “Conclude the case within six months from today,...

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Category : Auditing | Comments : 0 | Hits : 462

Supreme Court refuses to intervene in Whistleblower law
Posted Date : 13-Jan-2017 , 08:12:30 am | Posted By CASANSAAR

The Supreme Court today refused to intervene in the legislative process on the amendments to the law on Whistleblower's Protection Act 2011. The apex court said Parliament is seized of the matter and by asking the legislature about the proposed amendments, it cannot breach the limit.  Re...

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Category : Corporate Law | Comments : 0 | Hits : 290

Bankruptcy and Insolvency Code will drive creation of a new debt market
Posted Date : 12-Jan-2017 , 10:23:07 pm | Posted By CASANSAAR

The Bankruptcy and Insolvency Code will drive growth of debt market in India, which hardly exists in corporate and business financing, Dr. MS Sahoo, Chairman, Bankruptcy Board of India told Fe. While the country has a matured and bullish equity market, the debt market in India was yet to develop. Th...

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Category : Corporate Law | Comments : 0 | Hits : 200

TCS chief Chandrasekaran named Tata Sons Chairman
Posted Date : 12-Jan-2017 , 10:14:03 pm | Posted By CASANSAAR

Tata Sons today named TCS Chief Executive Officer and Managing Director N Chandrasekaran as its new Chairman over two months after the unceremonious sacking of Cyrus Mistry. Popularly known as 'Chandra', the 54-year-old was chosen to step into the shoes of interim Chairman Ratan Tata, who...

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Category : General | Comments : 0 | Hits : 158

Income Tax Dept bags e-Governance award for e-filing initiative
Posted Date : 11-Jan-2017 , 08:32:15 am | Posted By CASANSAAR

Income Tax Department has won National Awards on e-Governance 2016-17 for its e-filing initiative.  It has been conferred the silver award in the National Awards on e-Governance for the e-filing of Income Tax returns and other forms project in the category "Incremental Innovations"...

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Category : Income Tax | Comments : 0 | Hits : 209

Rs 3-4 lakh crore of evaded income deposited in banks post demonetisation
Posted Date : 10-Jan-2017 , 02:57:19 pm | Posted By CASANSAAR

The government has found that an estimated Rs 3-4 lakh crore of tax-evaded income could have been deposited during 50-day window provided to get rid of junked Rs 500/1000 notes. A senior official said Income Tax Department has been asked to scrutinise details and send notices to depositors of of ...

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Category : Income Tax | Comments : 0 | Hits : 327

Excise, service taxpayers to migrate to GST portal by January 31
Posted Date : 10-Jan-2017 , 09:05:37 am | Posted By CASANSAAR

Keen to ensure roll out of goods and services tax from April 1, 2017, the Central Board of Excise and Customs (CBEC) has begun migration of its existing excise duty and service tax assesses to the new regime.  "All existing central excise/service tax assesses are requested to migrate as...

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Category : GST | Comments : 0 | Hits : 1541

Helpdesk for Migration of existing Central Excise/Service Tax assessees to GST
Posted Date : 09-Jan-2017 , 09:53:28 pm | Posted By CASANSAAR

  To ensure implementation of GST by 1st April, 2017, Central Board of Excise & Customs (CBEC) has initiated the process of migration of its existing Central Excise/Service Tax assessees to GST from today. A 24x7 Helpdesk (Through Toll-Free number and Email) started for the purpose. ...

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Category : GST | Comments : 0 | Hits : 1462

Govt asks banks to obtain PAN from account holders by February 28
Posted Date : 09-Jan-2017 , 07:52:07 am | Posted By CASANSAAR

Tightening the noose around tax evaders, the government has asked banks to obtain permanent account number (PAN) or Form-60 if PAN is not available, from all bank account holders by February 28, 2017. "Income-tax Rules have been amended to provide that bank shall obtain and link PAN or Form ...

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Category : PAN | Comments : 0 | Hits : 660

GST - PAN card must for excise, service taxpayers to migrate to new tax regime
Posted Date : 09-Jan-2017 , 07:48:55 am | Posted By CASANSAAR

The tax department has made it mandatory for central excise duty and service taxpayers to obtain a valid PAN number before they can be migrated to the new goods and services tax (GST) set-up. Despite the political impasse putting a question mark on the planned rollout of the new tax regime from 1...

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Category : GST | Comments : 0 | Hits : 613

Income tax department to rope in auditors to probe bank deposits
Posted Date : 09-Jan-2017 , 07:46:00 am | Posted By CASANSAAR

With an estimated Rs 15 lakh crore back in the banking system post demonetisation, the income tax department is in talks with leading global tax consultants, including EY, KPMG and PricewaterhouseCoopers, for forensic audit of the data to see if any of it is laundered money. Following the note ba...

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Category : Income Tax | Comments : 0 | Hits : 2055

Black money assessment reports can't be disclosed
Posted Date : 09-Jan-2017 , 07:40:13 am | Posted By CASANSAAR

The reports on the quantum of black money held by Indians in the country and abroad cannot be made public, country’s two premier institutes that conducted studies on the ill-gotten wealth on the finance ministry’s directive said. The UPA government had in 2011 asked three institutes &...

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Category : Black Money | Comments : 0 | Hits : 261

General Anti-Avoidance Tax Rule to kick in from April 2017
Posted Date : 09-Jan-2017 , 07:34:18 am | Posted By CASANSAAR

The General Anti-Avoidance Rule,GAAR, will kick in from April 1, 2017 said the Central Board for Direct Taxes today. GAAR was part of the 2012-13 Budget speech of the then Finance Minister Pranab Mukherjee to check tax evasion and avoidance.  During the 2015 Budget presentation, Finance Mini...

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Category : Income Tax | Comments : 0 | Hits : 221

Tax refund to exporters under GST within seven days- Com Min
Posted Date : 05-Jan-2017 , 10:36:13 pm | Posted By CASANSAAR

The Department of Revenue has promised to refund tax claims of exporters within seven days under the new GST regime, thus addressing a major concern of the sector, Commerce and Industry Minister Nirmala Sitharaman said today. The minister also said that exporters would get interest on the refund ...

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Category : GST | Comments : 0 | Hits : 289

TN Govt asks traders to register in GSTN portal
Posted Date : 05-Jan-2017 , 10:33:54 pm | Posted By CASANSAAR

 With the Centre keen on implementing the ambitious Goods and Services Tax across the country, Tamil Nadu government today asked traders to register in the website created by the Goods and Services Tax Network (GSTN). GSTN has set up www.gst.gov.in and those registered traders should registe...

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Category : GST | Comments : 0 | Hits : 198

Eight opposition parties demand postponement of Budget presentation to March 8
Posted Date : 05-Jan-2017 , 05:04:01 pm | Posted By CASANSAAR

Eight opposition parties including Congress, JD(U), and TMC today met the Election Commission and demanded that the budget should be presented after 8th of March which is the last day of voting in states going to polls.  Talking to media in New Delhi, senior Congress leader Ghulam Nabi Azad ...

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Category : Budget | Comments : 0 | Hits : 122

Income tax department signs three advance pricing pacts with taxpayers
Posted Date : 05-Jan-2017 , 08:41:52 am | Posted By CASANSAAR

The Income tax department signed three advance pricing agreements (APAs) with taxpayers as it looks to reduce litigation by providing certainty in transfer pricing. The three APAs signed today pertain to engineering goods and shipping sectors of the economy. The international transactions cover...

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Category : Income Tax | Comments : 0 | Hits : 292

Toll Free Helpline - 14444 for digital payments launched
Posted Date : 05-Jan-2017 , 08:38:24 am | Posted By CASANSAAR

The government, in collaboration with telecom and IT industry, has launched a toll-free helpline - 14444 - to address consumer queries on digital payments. The helpline will address questions regarding various platforms, including the newly-launched Bharat Interface for Money (BHIM), eWallets, Aa...

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Category : Banking | Comments : 0 | Hits : 443

GST deadlock continues over dual control, high sea taxes
Posted Date : 04-Jan-2017 , 08:33:48 pm | Posted By CASANSAAR

The deadlock over the Goods and Services Tax (GST) continued on Wednesday as Centre and States refused to budge from their respective positions on the issues including control of taxpayers and taxing high sea trade. Stating that the Goods and Services Tax (GST) Council was racing against time on ...

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Category : GST | Comments : 0 | Hits : 376

Income Tax dept to ensure no grievance remains pending over 30 days
Posted Date : 04-Jan-2017 , 09:12:12 am | Posted By CASANSAAR

In what could come as a good news for taxpayers in the new year, the Income Tax department has asked its officials to resolve their grievances within 30 days time. The department's new wing called the 'Directorate of Tax Payer Services' has asked all the regional heads of the I-T to e...

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Category : Income Tax | Comments : 0 | Hits : 458

ICAI launches first Cost and Management Accounts Lab
Posted Date : 04-Jan-2017 , 08:54:56 am | Posted By CASANSAAR

The Institute of Cost Accountants of India (ICAI) has commenced a capacity building exercise. It has marked the initiative with the launch of the country’s first CMA (Cost and Management Accounts) Lab at Coimbatore. The facility was inaugurated by Manas Kumar Thakur, President of the Institute...

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Category : Income Tax | Comments : 0 | Hits : 982

RBI permits Paytm to launch its Payments Bank
Posted Date : 04-Jan-2017 , 08:49:39 am | Posted By CASANSAAR

Paytm Payments Bank, owned by One97 Communications and its founder Vijay Shekhar Sharma, received an approval to formally launch its services from the Reserve Bank of India (RBI), Sharma said in a blog post on Tuesday. A company official informed that the payments bank is expected to be launched by ...

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Category : Banking | Comments : 0 | Hits : 388

SBI pushes merger of 5 associate banks, Bharatiya Mahila Bank to next fiscal
Posted Date : 04-Jan-2017 , 08:40:50 am | Posted By CASANSAAR

SBI Chief Arundhati Bhattacharya has hinted that the mega merger of its five associate banks and Bharatiya Mahila Bank could be pushed to the next financial year as it is still awaiting the government notification in this regard.  Ms. Bhattacharya said undertaking the merger process in the l...

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Category : Banking | Comments : 0 | Hits : 318

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