Foreign Investors can buy up to 49% in PC Jeweller: RBI
Posted Date : 29-Jan-2016 , 09:51:48 am | Posted By CASANSAAR
Foreign institutional investors (FIIs) can now invest up to 49 per cent of the paid-up capital of PC Jeweller, the Reserve Bank of India said on Thursday.
The RBI notified (under FEMA 1999) that FIIs/registered foreign portfolio investors (RFPIs) can now invest up to 49 per cent in PC Jeweller Lt...
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International Business |
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CBDT resolves 100 transfer pricing rows with US firms
Posted Date : 29-Jan-2016 , 09:40:52 am | Posted By CASANSAAR
Tax officials have resolved over 100 transfer pricing disputes with American multinational companies using the mutual agreement procedures (MAP) as the Centre tries to create an environment of tax certainty and encourage foreign companies to do business in India.
“More than 100 cases have...
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CBDT |
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0 | Hits : 791
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ITR e-Filing DSC management utility
Posted Date : 28-Jan-2016 , 08:04:54 am | Posted By CASANSAAR
Taxpayers have recently reported that they have faced problems in using the Digital Signature Certificate for Signing through browser at the time of uploading their Income Tax Return. This is because the latest browser versions have started disabling the standard way in which browser support plu...
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ITR |
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0 | Hits : 1813
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RBI shortlists 5 companies for audit and risk monitoring mechanism
Posted Date : 28-Jan-2016 , 07:59:20 am | Posted By CASANSAAR
The Reserve Bank plans to procure an Audit Management and Risk Monitoring System (AMRMS) for the central bank from five "potential shortlisted" solution providers, including PwC and Quadrant 4 Software Solutions.
The RBI said it has decided to implement AMRMS to carry out various au...
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Category :
Auditing |
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0 | Hits : 1457
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CA IPCC Nov. 2015 Exam Result will be declared on 1st Feb.2016
Posted Date : 28-Jan-2016 , 07:44:53 am | Posted By CASANSAAR
The result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination held in November, 2015 is likely to be declared on Monday, the 1st February, 2016 around 4.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above marks and up...
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Category :
CA Results |
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0 | Hits : 920
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Corporate tax avoidance deal signed by 31 OECD members
Posted Date : 28-Jan-2016 , 07:26:35 am | Posted By CASANSAAR
Rules to stop companies using complex tax arrangements to avoid paying corporate tax have been agreed by 31 Organisation for Economic Co-operation and Development (OECD) members. They will make it harder for firms to hide money in tax havens or play one country's tax authority against another. F...
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Category :
Income Tax |
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0 | Hits : 817
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CBDT develops new software for filing digitally signed income tax returns
Posted Date : 27-Jan-2016 , 08:34:15 am | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) has developed a new software after taxpayers complained of problems in filing income tax (I-T) returns with digital signatures.
Taxpayers had recently reported that they faced issues in using digital signature certificate at the time of uploading their I...
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CBDT |
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Violations among auditors more of an EXCEPTION - ICAI President
Posted Date : 26-Jan-2016 , 09:13:24 pm | Posted By CASANSAAR
Instances of violations committed by auditors are more of an "exception" and strict action is initiated against those found flouting the norms, according to ICAI President Manoj Fadnis.
The Institute of Chartered Accountants of India (ICAI) has extensive powers to take action agai...
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ICAI |
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Tea seller cracks CA, Appointed as brand ambassador of Maharashtra government's scheme
Posted Date : 26-Jan-2016 , 09:09:08 pm | Posted By CASANSAAR
The Indian Institute of Chartered Accountant (ICAI) had declared the results of the Chartered Accountants (CA) final examination and Common Proficiency Test (CPT) on January 17.
A 28 -year-old local tea seller Somnath Giram, who lives in a small village in Solapur district and sells tea a...
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CA |
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0 | Hits : 1720
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FM calls for simpler tax regime to minimize possibility of excessive litigation
Posted Date : 25-Jan-2016 , 08:14:35 pm | Posted By CASANSAAR
Finance Minister Arun Jaitley on Monday called for simpler tax regime to minimize the possibility of excessive litigation.
Speaking at the platinum jubilee celebration of income tax appellate tribunal, ITAT in New Delhi Monday, Mr Jaitley said, once a simpler tax system comes into place, there wi...
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Category :
Income Tax |
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0 | Hits : 855
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List of Padma Awards 2016
Posted Date : 25-Jan-2016 , 08:06:59 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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Category :
General |
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Ministry of Corporate Affairs sets up Central Registration Centre (CRC) on Republic Day
Posted Date : 25-Jan-2016 , 08:02:48 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs has taken the initiative in Government Process Re-engineering (GPR) and launched the Central Registration Centre (CRC), on the occasion of Republic Day 2016, with the specific objective of providing speedy incorporation related services within stipulated time frames...
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Category :
MCA |
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0 | Hits : 959
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Refunds for ITR filed online to be further hastened: Official
Posted Date : 24-Jan-2016 , 06:33:00 pm | Posted By CASANSAAR
India's Income Tax department will further hasten the speed of issuing refunds to taxpayers who e-file their returns as it's Bengaluru-based CPC has adopted a variety of smart business procedures in the recent past, a senior official said.
The official involved in the operations of ...
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Category :
Income Tax |
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0 | Hits : 1233
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CA Piyush Goyal may be the next Finance Minister
Posted Date : 22-Jan-2016 , 07:27:13 pm | Posted By CASANSAAR
Prime Minister Narendra Modi may go in for a reshuffle in his cabinet and assign coal minister Piyush Goyal to take the finance portfolio and move finance minister Arun Jaitely to defence.
“Finance Minister Arun Jaitley, responsible for delivering the Modi message to international investo...
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Category :
Income Tax |
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0 | Hits : 1739
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Announcement regarding the Eligibility Requirement of ISA-AT Exam - ICAI
Posted Date : 22-Jan-2016 , 07:09:27 pm | Posted By CASANSAAR
The matter of eligibility requirement for the Information System Audit (ISA) Assessment Test was considered in the 349th Meeting of the Council held on 17th and 18th January 2016 and decided as under:-
1) It has been decided to withdraw the announcement dated 4th September 2015 of the Commi...
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ICAI |
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0 | Hits : 1137
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Central Board of Direct Taxes (CBDT) Signs 7 more Unilateral Advance Pricing Agreements (APAS)
Posted Date : 22-Jan-2016 , 06:55:42 pm | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) entered into 7 more unilateral Advance Pricing Agreements (APAs) with taxpayers today. This takes the tally of APAs signed so far to 39 (38 unilateral and one bilateral). In the current fiscal year, which is the third year of APA programme, 30 agreements have...
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CBDT |
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Atulesh Jindal appointed as new CBDT Chairman
Posted Date : 22-Jan-2016 , 09:58:41 am | Posted By CASANSAAR
Senior revenue service officer Atulesh Jindal appointed as Chairman of Central Board of Direct Taxes (CBDT), the apex policy making body of Income Tax department.
He will succeed A K Jain, who completes his term this month-end.
The Appointments Committee of the Cabinet has app...
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CBDT |
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0 | Hits : 1270
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Big Four earn bulk of audit fee from NSE listed Companies
Posted Date : 22-Jan-2016 , 08:02:36 am | Posted By CASANSAAR
The ‘Big Four’ accounting firms and their associates handled a high of 378 audit assignments or 26 per cent of the 1,451 companies listed on the NSE, during 2014-15.
An analysis based on annual reports of companies for that financial year showed these large groups — Deloit...
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Category :
Auditing |
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0 | Hits : 2268
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RBI allows pre-mature withdrawal in gold monetisation scheme
Posted Date : 22-Jan-2016 , 07:51:58 am | Posted By CASANSAAR
In an effort to make the Gold Monetisation Scheme more customer-friendly, the RBI today said depositors will be able to withdraw medium-term (5-7 year) and long-term government deposits (12-15 years) pre-maturely after the minimum lock-in period, though with a penalty.
The Reserve Bank today ma...
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RBI |
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RBI prints 1000 rupee notes without silver security thread by mistake, notes printed in 5AG and 3AP series
Posted Date : 21-Jan-2016 , 10:25:45 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has admitted to wrongly printing Rs 1000 denomination notes without 'silver thread features'.
The notes, reportedly, printed in the 5AG and 3AP series, amount to Rs 30 thousand crore. Out of these, notes worth Rs 20 thousand crores are with RBI while cu...
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RBI |
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Directors of Listed Firms can serve in maximum 10 Committees - SEBI
Posted Date : 20-Jan-2016 , 08:34:20 am | Posted By CASANSAAR
Director of a publicly-traded company can serve in a maximum of 10 committees in listed and unlisted firms put together, according to Sebi, which is strengthening corporate governance norms.
Besides, the director can't chair more than five committees of listed entities and unlisted public lim...
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SEBI |
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0 | Hits : 997
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Plea to increase NPA time limit from three to six months
Posted Date : 20-Jan-2016 , 08:24:52 am | Posted By CASANSAAR
Representatives from the Micro, Small and Medium Enterprises on Monday appealed to the Reserve Bank of India and the government to enhance the loan default period from three to six months for declaration as non-performing asset (NPA).
Some of the entrepreneurs also sought reduction in interest ...
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Category :
NPA |
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SEBI introduces SRO norms for mutual fund distributors
Posted Date : 20-Jan-2016 , 08:20:48 am | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI) said that a single Self Regulatory Organisation (SRO) would be put in place for the oversight of for all mutual fund distributors, according to a financial newspaper.
Market regulator said in its notification that the Board (SEBI) may in case of d...
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SEBI |
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Income Tax deptt issues 54000 notices in JK for not filing returns
Posted Date : 20-Jan-2016 , 08:12:10 am | Posted By CASANSAAR
The income tax department has issued over 54,000 non-compliance notices in Jammu and Kashmir to the people who have not filed their income tax returns.
"The income tax department has issued over 54,000 non- compliance notices to people who have failed to file their income...
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Category :
Income Tax |
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0 | Hits : 912
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Tax Audit Limit for Business 2 Crore, for Professional 1 Crore - Tax Simplification Committee
Posted Date : 19-Jan-2016 , 08:58:50 am | Posted By CASANSAAR
Tax Simplification Committee in its first report has suggested for increasing the limit for tax audit of accounts of business only if the sales turnover exceeds Rs 2 Crore . For professionals , it has suggested the limit of Rs 1 Crore.
The committee has suggested complete overhaul of prov...
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Category :
Income Tax |
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1 | Hits : 3686
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RBI reviews NPAs, 5/20 rule with lenders
Posted Date : 19-Jan-2016 , 08:33:58 am | Posted By CASANSAAR
With an aim to cleanse bank balance sheets by FY17, the Reserve Bank of India is considering changes in norms to address the contentious issues of stressed assets in the banking system that is posing a big risk to reviving loan growth and the economy.
On Monday, RBI reviewed the ...
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Category :
NPA |
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0 | Hits : 1081
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Justice Easwar panel suggests friendlier direct tax laws
Posted Date : 19-Jan-2016 , 08:21:05 am | Posted By CASANSAAR
A committee set up by the government to change direct tax laws has suggested several taxpayer-friendly measures to improve the ease of doing business, reduce litigation and accelerate the resolution of tax disputes.
In its first report made public on Monday, the committee, headed by retired hig...
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Category :
Income Tax |
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0 | Hits : 896
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Refunds worth Rs 37,383 crore stuck at Service tax department
Posted Date : 18-Jan-2016 , 08:07:35 am | Posted By CASANSAAR
The service tax department is sitting on Rs 37,387 tax refunds to exporters. Industry officials allege that the department is resorting to delaying tactics in order not to let go off the revenues by hook or crook.
Up to November, the service tax refund of Rs 37,387 crore has been stuck with the a...
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Category :
Service Tax |
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0 | Hits : 1088
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ICAI plans e-hearing of disciplinary cases
Posted Date : 18-Jan-2016 , 07:53:37 am | Posted By CASANSAAR
To ensure faster disposal of cases as well as reduce overall costs, chartered accountants' apex body ICAI plans to conduct hearings of disciplinary proceedings through video conferencing.
The Institute of Chartered Accountants of India (ICAI) has sent the proposal for 'e-h...
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ICAI |
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0 | Hits : 938
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Pass Percentage & List of Toppers in CA Final Nov 2015 Exams
Posted Date : 18-Jan-2016 , 07:51:58 am | Posted By CASANSAAR
CA Final Pass Percentage Nov 2015
Group
Candidates Appeared
Candidates Passed
Pass Percentage of CA Final
Both Group
42469
2440
5.75%
Group 1
77442
9764
12.61%
Group 2
75774
9084
11.99%
L...
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Category :
CA Results |
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1 | Hits : 2862
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