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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Income Tax |
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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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Banking |
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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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Income Tax |
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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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CS Exams |
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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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Shares & Stock |
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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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Income Tax |
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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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Income Tax |
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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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CBDT |
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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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Income Tax |
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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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CAG |
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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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CA Exams |
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0 | Hits : 1940
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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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CS Exams |
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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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CA Results |
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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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CA Results |
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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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CA Results |
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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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RBI |
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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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GST |
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Posted Date : 16-Jan-2017 , 09:47:48 am | Posted By CASANSAAR
CASANSAAR offers a Golden opportunity for Professionals, 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 Website and could be edited as per your wish.
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CA |
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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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GST |
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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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SEBI |
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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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CA Results |
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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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Auditing |
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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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Corporate Law |
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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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Corporate Law |
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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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General |
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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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Income Tax |
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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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Income Tax |
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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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GST |
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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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GST |
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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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PAN |
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