SEBI launches e-payment mode for penalties
Posted Date : 10-Aug-2016 , 07:27:40 am | Posted By CASANSAAR
Markets regulator Sebi has introduced electronic mode for payment of penalties, disgorgement as well as settlement amounts.
Currently, Sebi accepts payment through demand drafts.
The move would help in enabling ease of payment, the Securities and Exchange Board of&n...
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SEBI |
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IT Dept Finds Unaccounted Wealth of Rs 130 Crore With AAP MLA
Posted Date : 10-Aug-2016 , 07:21:15 am | Posted By CASANSAAR
The Income Tax Department has found unaccounted income and investment worth Rs 130 crore with Aam Aadmi Party (AAP) MLA Kartar Singh Tanwar, sources said on Tuesday.
The department has already seized unaccounted cash and jewellery of nearly Rs 1 crore from Tanwar and his brother. Tanwar has been ...
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Income Tax |
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0 | Hits : 1032
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ICAI Form Group for looking into the appointments/reappointments of statutory/internal auditors of various units of ICAI
Posted Date : 10-Aug-2016 , 07:14:24 am | Posted By CASANSAAR
No.M-626/2016 ...
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ICAI |
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ICAI form Group for finalizing the format of Fit & Proper Certificate to be issued to Indian CA Firms
Posted Date : 10-Aug-2016 , 07:12:58 am | Posted By CASANSAAR
No.M-626/2016 ...
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ICAI |
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Income Tax refunds of Rs 14,332 cr issued till Aug 5 this year
Posted Date : 09-Aug-2016 , 06:48:01 am | Posted By CASANSAAR
Income Tax refunds of Rs 14,332 crore have been issued this year till August 5, the Finance Ministry said.
"The Central Processing Centre (CPC) Bengaluru has already issued over 54.35 lakh refunds totaling to Rs 14,332 crore which includes 20.81 lakh refunds for AY 2016-17 (current year retu...
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Income Tax |
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Constitutional amendments on GST Bill made by RS, rectified by LS unanimously
Posted Date : 08-Aug-2016 , 08:23:43 pm | Posted By CASANSAAR
Lok Sabha, on Monday, unanimously passed the 122nd Constitutional Amendment Bill as amended by the Rajya Sabha with all 443 members voting in favour.
AIADMK leader P.Venugopal led a walk out of party MPs after the party was not satisfied with Finance Minister Arun Jaitley's clarifications o...
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GST |
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RBI launches 'Sachet' portal to check illegal money collection
Posted Date : 08-Aug-2016 , 07:38:20 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) launched a portal to curb illegal collection of money by companies.
This website will enable public to obtain information regarding entities who accept deposits, lodge complaints and also share information regarding illegal acceptance of deposits, said&...
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RBI |
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Delhi HC dismisses challenge to Centre’s levy of Service Tax on liquor manufacturers
Posted Date : 08-Aug-2016 , 07:32:14 am | Posted By CASANSAAR
The Delhi high court’s Division Bench comprising Justices S. Muralidhar and Vibhu Bakhru today dismissed challenges by liquor manufacturers’ associations to the levy of service tax by the Central Government on those who manufacture alcoholic liquor on job work basis.
The central thrus...
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Service Tax |
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CBI nodal agency for banks to report high value frauds
Posted Date : 07-Aug-2016 , 01:34:45 pm | Posted By CASANSAAR
The CBI has been made the nodal authority for banks to report high value frauds worth over Rs 50 crore in public sector banks.
The move comes after Reserve Bank of India (RBI) noticed that banks do not have a focal point for filing complaints with the CBI. As a result, the investigative agency ...
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Banking |
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0 | Hits : 922
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Govt may have to amend SEZ Act to align it with GST
Posted Date : 07-Aug-2016 , 01:29:09 pm | Posted By CASANSAAR
The government may have to amend the SEZ Act 2005 to align it with the Goods and Services Tax (GST) law so that central excise and service tax benefits can be extended to developers and entrepreneurs.
The Commerce Ministry is in the process of preparing a note on the changes required in the Speci...
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GST |
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Rs 1.23 Lakh Crore of Income Tax Refund Pending: Government
Posted Date : 06-Aug-2016 , 07:00:44 am | Posted By CASANSAAR
Refund claims worth Rs 1.23 lakh crore are pending with the Income Tax Department as on March 31, the government on Friday said.
"As on March 31, 2016, refund claims of above Rs 10 lakh are pending only in 57,783 cases for various assessment years, involving a total amount of Rs 1,23,335 cro...
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Income Tax |
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RBI reviewing its policy to promote cashless transaction: Govt
Posted Date : 06-Aug-2016 , 06:51:41 am | Posted By CASANSAAR
The government today said, Reserve Bank has been reviewing its policy to promote cashless transaction by electronic mode, which is safe, secure and convenient.
In a written reply in Lok Sabha, the Minister of State for Finance Santosh Kumar Gangwar said, according to RBI there has been a ma...
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RBI |
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0 | Hits : 866
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GST bill in LS likely on Monday, BJP issues whip
Posted Date : 05-Aug-2016 , 01:45:57 pm | Posted By CASANSAAR
The GST Bill, which was passed by the Rajya Sabha on Wednesday, is likely to be tabled in the Lok Sabha on August 8 for which the BJP has issued a whip to its members in the Lower House to ensure its smooth passage.
The whip issued by the ruling party today has asked its members to be present in ...
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Category :
GST |
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0 | Hits : 1007
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Beware of fake mails regarding Job Openings
Posted Date : 04-Aug-2016 , 09:48:11 pm | Posted By CASANSAAR
Respected Members,
We would like to aware you that there are some fake agencies who mail you the Job Appointment/Offer Letters in the name of some reputed companies and ask for some handsome amount from you (as a refundable security amount). And It will seem to you in a way t...
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CA |
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RBI starts portal to curb firms' illegal money pooling
Posted Date : 04-Aug-2016 , 07:33:43 pm | Posted By CASANSAAR
To curb illegal and unauthorised pooling of funds by unscrupulous firms, Reserve Bank today launched a website, which will help people obtain information about entities allowed to collect deposits.
Launching the portal -- sachet.rbi.org.in -- RBI Governor Raghuram Rajan said that initiating quick...
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RBI |
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Govt aims to roll out GST from April 1 next year
Posted Date : 04-Aug-2016 , 07:31:58 pm | Posted By CASANSAAR
The Government has set the target of 1st April next year for roll out of the Goods and Services Tax, GST.
Addressing a press conference in New Delhi, Finance Minister Arun Jaitley today unveiled a detailed road map for GST implementation.
He said that government is aiming for an optimal ...
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GST |
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Frequently Asked Questions (FAQs) on Goods and Services Tax (GST)
Posted Date : 04-Aug-2016 , 07:19:59 am | Posted By CASANSAAR
Following are the answers to the various frequently asked questions relating to GST:
Question 1.What is GST? How does it work?
Answer: GST is one indirect tax for the whole nation, which will make India one unified common market.
GST is a single tax on the supply of goods and serv...
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GST |
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0 | Hits : 2936
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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...
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GST |
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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...
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General |
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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 ...
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GST |
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0 | Hits : 940
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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
...
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ICAI |
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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...
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GST |
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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'...
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RBI |
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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...
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Banking |
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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...
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CBDT |
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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...
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ITR |
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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...
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Income Tax |
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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...
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Excise |
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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...
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Banking |
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0 | Hits : 1336
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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...
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General |
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