SC Issues non-bailable warrants against MD of 32 Companies for Ignoring Order
Posted Date : 22-Oct-2019 , 10:14:44 am | Posted By CASANSAAR
The Supreme Court has issued non-bailable warrants against managing directors of 32 companies for not complying with its order.
The managing directors now face imminent arrest and will have to be produced in the top court by the Mumbai Police if they fail to get preventive orders.
The li...
Continue Reading...
Category :
Companies Act |
Comments :
0 | Hits : 1332
|
 |
GSTN to release improved version 3 of GST return filing interface
Posted Date : 22-Oct-2019 , 10:01:19 am | Posted By CASANSAAR
GST Network, provides the IT infrastructure and services for the implementation of the GST, will on October 22 release the version 3 of GST return filing interface.
The new version has incorporated many improvements suggested by users. Currently, version 2 of the GST return filing interface...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 524
|
|
Govt brings commodity option trading, settlement at par with equities
Posted Date : 21-Oct-2019 , 09:02:17 am | Posted By CASANSAAR
The government has brought commodity options trading and settlement on a par with equities, paving the way for new norms for farmers and small and medium enterprises to step up hedging.
Commodity options can now be settled directly. The current practice is options devolve into futures first and t...
Continue Reading...
Category :
Shares & Stock |
Comments :
0 | Hits : 328
|
|
SEBI lays down stricter norms for Statutory Auditors
Posted Date : 21-Oct-2019 , 08:56:15 am | Posted By CASANSAAR
Regulator Sebi put in place stricter norms for auditors, including prompt disclosures about reasons for their resignation and requirement to approach chairman of audit committee directly in case of any concerns with management of the firm concerned. The norms have been issued against the backdrop of...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 785
|
|
New GST return forms may force firms to change ERP systems
Posted Date : 21-Oct-2019 , 08:49:02 am | Posted By CASANSAAR
The new Goods and Services Tax (GST) returns from April 2020 that mandate providing more details may require companies to amend their enterprise resource planning (ERP) systems.
Tax experts and chartered accountants (CAs) said that the new return systems would require a lot of details such as pur...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 949
|
|
Corporate income tax cut will help revive investment in India: IMF
Posted Date : 19-Oct-2019 , 09:50:57 am | Posted By CASANSAAR
Changyong Rhee, Director, Asia and Pacific Department, IMF, said that following a marked slowdown in the last two quarters in India, the economy is expected to grow at 6.1% this fiscal.
The International Monetary Fund (IMF) on Friday supported India’s recent decision to reduce corporate inc...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 302
|
|
What is Under-reporting or Mis-reporting of income under Income Tax Act?
Posted Date : 18-Oct-2019 , 07:09:03 am | Posted By CASANSAAR
What is Under-reporting or Mis-reporting of income under Income Tax Act?
New Penalty Provisions under Section 270A,
Immunity under Section 270AA of Income-tax Act.
Explained by Advocate (CA) Kapil Goel with CA Vivek Khurana.
https://youtu.be/V3KvlcicDSE
Don't Forget to SUBSC...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 700
|
|
Regulator, auditor should be held responsible for frauds in banks- Anurag Thakur
Posted Date : 18-Oct-2019 , 07:01:32 am | Posted By CASANSAAR
The regulator, auditor and management should be held responsible for fraud in Punjab and Maharashtra Co-operative Bank or other banks, Minister of State for Finance Anurag Thakur said on Thursday. Thakur said that in case of PMC Bank, the Reserve Bank of India has allowed withdrawal of Rs 40,000, wh...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 783
|
|
Domain + Website + Hosting + 2 email ids @ Just Rs.2499/- with 30 days Money Back Guarantee
Posted Date : 17-Oct-2019 , 09:48:56 pm | Posted By CASANSAAR
On the Successful Completion of its 10 Years, CA SANSAAR offers a Golden opportunity to its Members, where they could create their own stunning website with multiple designs and templates to choose. It will be completely your own space, which is going to be a Dynamic Websit...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 463
|
|
RBI governor faces board queries on financial frauds
Posted Date : 17-Oct-2019 , 09:52:32 am | Posted By CASANSAAR
Reserve Bank of India (RBI) governor Shaktikanta Das came under pressure at the bank’s board meeting last week, with two external directors questioning how a string of frauds that have surfaced since 2018 remained undetected for years.
The two board members referred to the losses suffered b...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 471
|
|
SEBI issues cybersecurity framework for KYC Registration Agencies
Posted Date : 16-Oct-2019 , 11:12:16 am | Posted By CASANSAAR
Amid concerns over possible data breaches, markets regulator Sebi on Tuesday put in place a detailed cybersecurity framework for KYC registration agencies, requiring them to define responsibilities of employees, including outsourced staff, who have privileged access to networks. Besides, the watchdo...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 449
|
|
IBBI for statutory recognition of valuation professionals
Posted Date : 16-Oct-2019 , 11:08:02 am | Posted By CASANSAAR
The Insolvency and Bankruptcy Board of India (IBBI) Chairman M.S. Sahoo has said that there should be a statuary nod given to valuation professionals in India to further streamline the profession.
Speaking at an event here, Sahoo said: "IBBI is looking for valuers who are part of a setup whi...
Continue Reading...
Category :
Insolvent Professional |
Comments :
0 | Hits : 485
|
|
Income-tax officials give thumbs down to faceless assessment program
Posted Date : 16-Oct-2019 , 11:04:42 am | Posted By CASANSAAR
The Centre’s plan of faceless assessment has not gone down well with income-tax officials. Days before its introduction on October 7, they had sent a complaint letter to the Central Board of Direct Taxes (CBDT), claiming that the new scheme was implemented in a “hurry without considering...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1657
|
|
Income tax department releases data on Crorepati taxpayers
Posted Date : 16-Oct-2019 , 10:57:43 am | Posted By CASANSAAR
If data from the income tax department's records is taken into account, India had more than 97,000 people earning a taxable income of over ₹1 crore in the financial year 2017-18.
The Central Board of Direct Taxes (CBDT) has now come out with a detailed break-up of data collected from in...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 581
|
|
DIN Deactivated due to non-filing of DIR-3 KYC - MCA
Posted Date : 16-Oct-2019 , 10:46:48 am | Posted By CASANSAAR
Please note that the DINs which have not complied with the requirement of filing DIR-3 KYC have since been marked as ‘Deactivated due to non-filing of DIR-3 KYC’. Such DINs are not allowed to be used for filing any eforms on MCA21 portal.
In case the present status of your DIN is &lsq...
Continue Reading...
Category :
MCA |
Comments :
0 | Hits : 666
|
|
Income tax dept says check your email or e-filing account as e-assessment begins
Posted Date : 15-Oct-2019 , 09:33:34 am | Posted By CASANSAAR
The income tax department has advised taxpayers to check their registered e-filing accounts and email ids as the first phase of the e-Assessment Scheme 2019 gets underway.
In the first phase, the income tax department has selected 58,322 cases for scrutiny under the new e-assessment scheme ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1028
|
|
Now Get a reprint copy of your PAN Card for just Rs 50
Posted Date : 15-Oct-2019 , 09:23:41 am | Posted By CASANSAAR
Permanent Account Number (PAN) card is an essential document used for several purposes. It is compact and can fit easily into wallets. You can order a reprint of your PAN card for just Rs 50 in case you have lost or damaged it, or want a copy of it.
A PAN card is issued by the income tax departme...
Continue Reading...
Category :
PAN |
Comments :
0 | Hits : 3482
|
|
RBI imposes penalty on Lakshmi Vilas and Syndicate Bank
Posted Date : 15-Oct-2019 , 09:17:29 am | Posted By CASANSAAR
The Reserve Bank of India has imposed a monetary penalty of Rs.1 crore on Lakshmi Vilas Bank (LVB) and Rs.75 lakh on Syndicate Bank.
In the case of LVB, the RBI said the penalty has been imposed for non-compliance with certain provisions of directions issued by it on ‘Income Recognition and...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 910
|
|
ICAI released admit cards for foundation, intermediate and final Nov 2019 exams
Posted Date : 15-Oct-2019 , 09:13:26 am | Posted By CASANSAAR
ICAI has released the admit Card or hall tickets for Chartered Accountancy foundation, intermediate and final levels exams 2019. The admit cards have been released on the official website of Institute aof Chartered Accountants of India (ICAI) at https://icaiexam.icai.org
How to download ICAI CA N...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 906
|
|
RBI raises withdrawal limit to Rs 40,000 for PMC bank account holders
Posted Date : 15-Oct-2019 , 09:07:44 am | Posted By CASANSAAR
Reserve Bank has enhanced the withdrawal limit for the account holder of Punjab and Maharashtra Cooperative Bank or PMC Bank to 40 thousand rupees from 25 thousand rupees. This is the third time, RBI has raised the withdrawal limit since its clamp down on PMC Bank last month. In a statement, RBI sai...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 430
|
|
Legal Provisions for filing GSTR 9 and GSTR 9C
Posted Date : 14-Oct-2019 , 07:23:54 pm | Posted By CASANSAAR
Legal Provisions for filing GSTR 9 and GSTR 9C.
(Legal Provisions for filing GSTR 9 and GSTR 9C by CA Rahul Jain)
https://youtu.be/4xU6FeQRq8o
Dont Forget to SUBSCRIBE CA Sansaar YouTube Channel.
http://bit.ly/2Hg4TBB
...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1199
|
|
Govt set to crack down on GST defaulters
Posted Date : 14-Oct-2019 , 09:10:49 am | Posted By CASANSAAR
A government panel will discuss on Tuesday ways to intensify enforcement activities against goods and services tax (GST) defaulters who have been identified by a fraud detection software, amid GST collections dropping to a 19-month low in September.
This marks a shift from handholding businesses ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 605
|
|
ED attaches Bhushan Steel’s assets worth Rs.4025 Cr
Posted Date : 14-Oct-2019 , 09:03:45 am | Posted By CASANSAAR
In a major blow to Bhushan Power and Steel Limited (BPSL), the Enforcement Directorate (ED) on Saturday attached assets worth Rs.4,025 crore, in connection with its ongoing money-laundering probe linked to an alleged bank loan fraud.
The probe agency said it had attached immovable properties &mda...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 380
|
|
Govt to decriminalise 2/3rds of offences under Companies Act
Posted Date : 14-Oct-2019 , 09:00:49 am | Posted By CASANSAAR
The government is set to decriminalise two-thirds of the Companies Act as it looks to do away with jail term in over 40 sections out of the 66 where compounding is permitted.
Besides, the ministry of corporate affairs, which is pushing the change, is also seeking to lower the penalty for small co...
Continue Reading...
Category :
Companies Act |
Comments :
0 | Hits : 497
|
|
Unicef now accepting donations through Bitcoin and Ether
Posted Date : 12-Oct-2019 , 08:34:36 am | Posted By CASANSAAR
The UN children’s agency, Unicef, has announced it is accepting and disbursing donations through cryptocurrencies ether and bitcoin.
Unicef’s new Cryptocurrency Fund is the latest in a series of efforts by aid organisations to experiment with “blockchain” currencies, which...
Continue Reading...
Category :
Bitcoins |
Comments :
0 | Hits : 352
|
|
SEBI announces guidelines for issue of depository receipts by Indian Companies
Posted Date : 12-Oct-2019 , 08:31:33 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) has put in place a framework for domestic companies to raise capital by issue of so-called depository receipts (DRs). The move, which follows a budget announcement in this regard, will allow listed Indian companies to issue either equity, or debt, to...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 241
|
|
Govt working to create information system on stressed companies
Posted Date : 12-Oct-2019 , 08:28:35 am | Posted By CASANSAAR
The government is working on creating an information system to provide basic financial and other details of stressed companies to potential acquirers through the corporate insolvency process, a senior government official said. The move will help bridge the information gap faced by bidders and is exp...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 210
|
|
Demonstration of DIR 3 KYC under Companies Act
Posted Date : 11-Oct-2019 , 10:11:09 am | Posted By CASANSAAR
Demonstration of DIR 3 KYC under Companies Act
(Demonstration of DIR 3 KYC by CS Reema Jain with CA Vivek Khurana)
https://youtu.be/O-r28314jjQ
Don't forget to SUBSCRIBE CA Sansaar YouTube Channel
...
Continue Reading...
Category :
Companies Act |
Comments :
0 | Hits : 411
|
|
Input tax credit under GST regime restricted to 20% of claims
Posted Date : 11-Oct-2019 , 10:03:16 am | Posted By CASANSAAR
Businesses will have to pursue their vendors on a monthly basis to upload their invoices to enable them to take the entire input tax credit (ITC) after the indirect tax board came out with a notification to restrict these credits to 20 per cent of the claims.
Concerned at dwindling revenues, the ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1294
|
|
HC asks IT department to refund Vodafone Idea’s Rs.374.26 Cr withheld for a TDS mismatch of Rs.1
Posted Date : 11-Oct-2019 , 10:01:09 am | Posted By CASANSAAR
In a major relief for Vodafone Idea Limited, the Bombay high court last week directed the income-tax department to refund in two weeks ₹374.26 crore, which was withheld for about a year over a TDS (tax deducted at source) mismatch of ₹1, to the company.
The telecom major had filed two...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 480
|
|
|
