Union Budget 2017 - 18 proposes Reduction in Customs and Excise for Renewable Energy Sector, and Cashless Transaction Devices
Posted Date : 01-Feb-2017 , 02:01:23 pm | Posted By CASANSAAR
The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley while presenting the General Budget 2017-18 in Parliament today announced substantial relief in Customs and Excise Duties for Renewable Energy Sector and for manufacture of Cashless Transaction Devices.
In a bid to incentiviz...
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Union Budget 2017 - Live Updates
Posted Date : 01-Feb-2017 , 01:03:29 pm | Posted By CASANSAAR
FM Arun Jaitley to present Union Budget 2017 today. CASANSAAR are providing you live updates of Union Budget 2017. JUST REFRESH THE PAGE (CLICK F5) FOR ALL LIVE UPDATES.
Lok Sabha adjourned after Arun Jaitley introduces Finance Bill
GST Council finalised its recommendations; impleme...
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Union Budget 2017 - Watch Live Telecast Online on casansaar.com
Posted Date : 01-Feb-2017 , 08:53:17 am | Posted By CASANSAAR
Hon'ble Finance Minister's Presentation of Union Budget 2017 in the Parliament on 01st Feb 2017.
...
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Finance Minister Shri Arun Jaitley Presented Economic Survey 2016-17 in the Parliament
Posted Date : 01-Feb-2017 , 08:48:50 am | Posted By CASANSAAR
Economic Survey says economic growth to return to normal as new currency notes in required quantities come back into circulation and follow-up action on demonetisation is taken.
The CPI based core inflation remained stable in the current fiscal year averaging around 5 per cent.
The Economi...
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Budget |
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Finance Minister to present Union Budget today
Posted Date : 01-Feb-2017 , 08:36:02 am | Posted By CASANSAAR
Finance Minister Arun Jaitley will present the Union Budget in Parliament today. There will be no separate Rail Budget from this year, as it has been merged with the General Budget.
Yesterday, the Economic Survey was presented in the Parliament.
After presenting the Budget, Mr Jait...
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Budget |
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CBDT identifies 18 L people with suspicious deposits
Posted Date : 01-Feb-2017 , 08:22:43 am | Posted By CASANSAAR
The Income Tax department has identified 18 lakh people who have made 'suspicious' cash deposits post demonetisation, including those having deposited over Rs 5 lakh, and will send emails and SMSes seeking explanation about their source of funds.
These people will have to reply within 10 ...
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CBDT |
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Pass Percentage & Toppers of CA IPC Nov.16 Exams
Posted Date : 31-Jan-2017 , 12:00:55 pm | Posted By CASANSAAR
The Result of Chartered Accountants IPC Examination has been declared.
The Details of Percentage of candidates passed in the above said examinations are given below.
No. of Candidates
...
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CA Results |
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Rs5,583 crore withdrawn from Jan Dhan accounts in a month post note ban
Posted Date : 31-Jan-2017 , 09:38:09 am | Posted By CASANSAAR
Jan Dhan accounts have witnessed net withdrawal of Rs5,582.83 crore since 7 December, the day deposits in these accounts soared to all time high in the backdrop of demonetisation.
Total deposits in Jan Dhan accounts had increased to a record high of Rs74,610 crore on 7 December and thereafter, it...
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Banking |
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ITAT mulls video-courts to help tackle issue of pendency
Posted Date : 31-Jan-2017 , 09:35:04 am | Posted By CASANSAAR
Circuit benches of Income Tax Appellate Tribunal (ITAT) will hold regular sittings at Guwahati, Coimbatore, and Madurai. ITAT has proposed setting up of video courts in these cities to go with such video courts already functional at Rajkot, Jabalpur, Nagpur, Raipur and Surat, Dev Darshan Sud, presid...
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Income Tax |
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RBI lifts ATM withdrawal limits from Feb 1
Posted Date : 31-Jan-2017 , 09:12:08 am | Posted By CASANSAAR
In a big relief to people, RBI today announced lifting of restrictions on daily withdrawal of money from ATMs with effect from Wednesday. and has also withdrawn all limits on Current Accounts and overdraft accounts with immediate effect.
In a circular to the banks, the RBI, however, said the week...
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RBI |
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I.Tax Dept begins action under Benami Transaction Act; Issues 87 notices and attaches 42 assets.
Posted Date : 31-Jan-2017 , 09:07:33 am | Posted By CASANSAAR
Income Tax department has initiated action under the newly enforced Benami Act. IT Department said, post demonetisation it has issued 87 notices and attached bank deposits worth crores in 42 cases nationwide under Benami Transactions Act. The Act attracts a heavy penalty and rigorous jail term of a ...
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Income Tax |
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Revision of fee for General Management and Communication Skills (GMCS) 15 days (90 hrs) - ICAI
Posted Date : 30-Jan-2017 , 01:36:06 pm | Posted By CASANSAAR
You may be aware that the present fee of Rs.5500/- for General Management and Communication Skills Course was fixed way back in 2013 and has not undergone any revision during the last four years.
Considering the above, the Council has decided to revise the fee for the course on General Mana...
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ICAI |
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Big Data to help tax department find out multiple PAN holders
Posted Date : 30-Jan-2017 , 08:07:39 am | Posted By CASANSAAR
To plug tax loopholes, the I-T department will use Big Data analytics to track down evaders by collecting information such as common address, mobile number and e-mail to establish relationship between their multiple PANs.
The department, with support from private firms, will analyse the voluminou...
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PAN |
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GST protest - 70K tax officers to wear black bands
Posted Date : 30-Jan-2017 , 08:00:41 am | Posted By CASANSAAR
About 70,000 tax officers and employees in the country will wear black bands at work tomorrow, on Martyrs Day, to protest some recent decisions taken by the GST Council headed by Finance Minister Arun Jaitley.
The associations representing them said the decisions are heavily tilted towards the st...
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GST |
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CA IPCC Nov.2016 Exam Result will be declared on 31st Jan.2017
Posted Date : 27-Jan-2017 , 08:11:41 pm | Posted By CASANSAAR
The result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination held in November, 2016 is likely to be declared on Tuesday, the 31st January 2017 around 6.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above mark...
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CA Results |
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Demonetisation - Private entities to analyse data vis-a-vis ITR, TDS
Posted Date : 26-Jan-2017 , 10:07:57 pm | Posted By CASANSAAR
With an estimated Rs 15 lakh crore in junked notes back in the banking system post demonetisation, the Income Tax department has started the process of engaging private entities to match the data with I-T return or other information of assessees.
The I-T department has already found that post dem...
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Black Money |
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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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General |
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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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Banking |
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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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Shares & Stock |
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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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Banking |
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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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CBDT |
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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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Budget |
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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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RBI |
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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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SEBI |
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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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Income Tax |
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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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Income Tax |
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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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Banking |
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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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Budget |
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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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General |
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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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Income Tax |
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