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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1 | Hits : 4625
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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 : 1007
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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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NPA |
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1 | Hits : 1354
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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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0 | Hits : 961
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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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Income Tax |
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0 | Hits : 929
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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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Income Tax |
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1 | Hits : 3696
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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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NPA |
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0 | Hits : 1093
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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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Income Tax |
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0 | Hits : 907
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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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Service Tax |
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0 | Hits : 1103
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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 : 951
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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 : 2877
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PM Modi announces Rs 10,000 crore fund, tax exemptions for start-ups
Posted Date : 17-Jan-2016 , 11:12:43 am | Posted By CASANSAAR
The government on Saturday unveiled a raft of measures - ranging from tax waiver for three years, ending inspector raj and a mega fund — to help boost the start-up eco-system.
The 19-point action plan, which was announced by Prime Minister Narendra Modi after a day-long event, came with t...
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Category :
Income Tax |
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0 | Hits : 1115
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Govt working to make start, exit easy for startups
Posted Date : 17-Jan-2016 , 11:09:03 am | Posted By CASANSAAR
The government is working to make it easy for budding entrepreneurs to start a business or exit from it, giving boost to the Indian startup ecosystem, Union Minister Nirmala Sitharaman said today.
"I understand that starting a startup is as much important as somebody wants to exit from it. T...
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Category :
Income Tax |
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0 | Hits : 760
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GET free of cost 10 unstructured CPE hours on a Self declaration for 2015
Posted Date : 15-Jan-2016 , 09:16:42 am | Posted By CASANSAAR
One can claim the CPE hours by filing a Self Declaration Form with the ICAI for the calendar year 2015. Current Block for Compliance of CPE Hour is from 01.01.2014 to 31.12.2016. Members, who have not filed self deceleration for Calendar Year 2015, can file the same now.
...
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ICAI |
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0 | Hits : 2881
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Extension of last date for complying with the CPE hours requirement for the Calendar Year 2015 - ICAI
Posted Date : 15-Jan-2016 , 08:52:50 am | Posted By CASANSAAR
January 12, 2016
FOR INFORMATION OF THE MEMBERS
Sub: Extension of last date “for complying with the CPE hours requirement for the Calendar Year 2015” - from 31st December, 2015 to 31st March, 2016
This is for kind information of the members that the last date for complying...
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ICAI |
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0 | Hits : 1883
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CSR fund should not be financing source for government schemes: MCA
Posted Date : 15-Jan-2016 , 08:47:55 am | Posted By CASANSAAR
Companies' CSR funds should not be used as a source of funding government schemes, the Ministry of Corporate Affairs (MCA) has said, adding that such spending should have a larger multiplier effect.
Allaying concerns in certain quarters that compulsory CSR spending under the Companies A...
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MCA |
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0 | Hits : 955
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Aadhaar not mandatory for DBT scheme, clarifies RBI
Posted Date : 15-Jan-2016 , 08:41:56 am | Posted By CASANSAAR
The Reserve Bank (RBI) has clarified that use of Aadhaar cards is not mandatory for Direct Benefit Transfer (DBT) Scheme. In a communication to banks, RBI said in view of the Supreme Court's interim orders on 11th August and 15th October last year on usage of Aadhaar, it is clarified that use of...
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RBI |
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0 | Hits : 933
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CA Final Nov 2015 & CPT Exam Result to be Declared on 17th Jan 2016
Posted Date : 12-Jan-2016 , 08:49:18 am | Posted By CASANSAAR
The result of the Chartered Accountants Final Examination held in November, 2015 and Common Proficiency Test (CPT) held in December, 2015 are likely to be declared on Sunday, the 17th January, 2016 around 2.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and abov...
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Category :
CA Results |
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0 | Hits : 1470
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RBI raises provisions for ‘yet to fail’ CDR accounts
Posted Date : 12-Jan-2016 , 08:41:17 am | Posted By CASANSAAR
Probably concerned at the rising number of loan recasts going wrong, the Reserve Bank of India (RBI) has asked lenders to increase provisioning for accounts that may not have yet failed corporate debt restructuring (CDR) but do not meet conditions stipulated in the master restructuring agreement. Wh...
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RBI |
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0 | Hits : 1024
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SEBI approves norms to make e-book must for pvt placement debt
Posted Date : 12-Jan-2016 , 08:36:32 am | Posted By CASANSAAR
Capital markets regulator Securities and Exchange Board of India (SEBI) today approved new norms to make electronic book mandatory for all private placement issues on debt basis, having a threshold of more than Rs 500 crore.
The move is aimed at improving the efficiency, transparency of the price...
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SEBI |
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0 | Hits : 1081
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Discontinuation of ranks in Common Proficiency Test (CPT) - ICAI
Posted Date : 12-Jan-2016 , 08:31:56 am | Posted By CASANSAAR
8th January 2016
Discontinuation of ranks in Common Proficiency Test (CPT)
It is hereby informed that in terms of decision taken by the Examination Committee, declaration of ranks in respect of Common Proficiency Test(CPT), has been discontinued with effect from CPT held in December, 2015 on...
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ICAI |
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0 | Hits : 1047
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ICAI Constitute a Group to look into the definition of Accountant and other services a CA can render
Posted Date : 12-Jan-2016 , 08:29:14 am | Posted By CASANSAAR
Council Affairs/M-626/2015 11th January, 2016
ALL MEMBERS OF THE COUNCIL
Dear Sir,
Sub: Constitution of a Group to look into the definition of Accountant and other services a CA can render
Arising out of discussion on the Opening Remarks of the President, the Council at...
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ICAI |
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0 | Hits : 1148
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All communication of income tax scrutiny to be via e-mail from FY17
Posted Date : 11-Jan-2016 , 08:41:53 am | Posted By CASANSAAR
The income tax department is planning to carry out all communication related to the scrutiny of returns through e-mails from the next fiscal to reduce harassment of tax payers by eliminating interface between assessees and taxmen.
The I-T department, on a pilot basis, has already started scruti...
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Category :
Income Tax |
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0 | Hits : 1537
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Over 50 lakh ITRs e-verified by Income Tax department
Posted Date : 11-Jan-2016 , 08:23:08 am | Posted By CASANSAAR
The Income Tax department’s ambitious OTP-based ITR filing system for taxpayers has crossed the 50 lakh e-verification mark, while more than 39 lakh Aadhaar numbers have been successfully linked with the PAN database after the scheme was launched over six months back. The new e-filing sys...
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Category :
Income Tax |
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0 | Hits : 1022
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Taxmen’s appraisal format tweaked to ensure speedier disposal
Posted Date : 09-Jan-2016 , 11:17:50 pm | Posted By CASANSAAR
Seeking to end harassment of tax payers, the Income Tax department today came out with a new appraisal form for its officials that will judge their performance based on the pace of disposal of cases and quality of assessment.
In the revised Annual Performance Appraisal Report (APAR), the CBDT sai...
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Category :
Income Tax |
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0 | Hits : 931
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Changes in the APAR format of the Assessing Officers of Income Tax Department
Posted Date : 09-Jan-2016 , 09:02:21 am | Posted By CASANSAAR
The Income Tax Department is committed to the objective of timely delivery of quality taxpayer services in a fair and transparent environment.
The Department has modified the Annual Performance Appraisal Report (APAR) of the Assessing Officers (Income Tax Officers as well as Assistant Commi...
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Category :
Income Tax |
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0 | Hits : 1318
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ICAI ELECTION 2015 - Counting updates of Regional Council - NIRC
Posted Date : 08-Jan-2016 , 12:55:51 pm | Posted By CASANSAAR
ICAI ELECTION 2015 - Counting updates of Regional Council - NIRC
Present Position of Regional Council Candidates From Northern Region
(Total 13 Person to be Selected out of 58 Candidates)
40) Vivek Khurana
9) Yogita Anand
22) Sumit Garg
7) Rajesh Agarwal
37) Nitin Kanwar ...
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Category :
ICAI Election |
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0 | Hits : 15486
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ICAI Election 2015 - Counting updates of Regional Council - NIRC
Posted Date : 08-Jan-2016 , 12:28:38 pm | Posted By CASANSAAR
ICAI Election 2015 - Counting updates of Regional Council - NIRC
(13 Members to be Elected out of 58 Candidates)
Total Validate Votes for RC :- 23028
Quota for RC :- 1645
S.N.
Name of Candidate
Votes
S.N.
Name of Candidate
Votes
1
AGARR...
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Category :
ICAI Election |
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0 | Hits : 31065
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CA Vivek Khurana Elected as Member of NIRC with Quota & No. 1 Position
Posted Date : 07-Jan-2016 , 05:51:36 pm | Posted By CASANSAAR
CA Vivek Khurana, Founder of www.casansaar.com elected as Member of NIRC Election of ICAI with Quota & No. 1 Postion.
Many Many congrats from the team & Members of www.casansaar.com...
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Category :
ICAI Election |
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8 | Hits : 3233
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Income tax department extends ITR-V verification deadline till 31st Jan 2016
Posted Date : 07-Jan-2016 , 07:17:20 am | Posted By CASANSAAR
If you missed your 120 days ITR-V verification deadline, there is good news. The income tax department has extended the verification deadline till 31st January. Although it has not been officially notified yet, taxpayers having been receiving this information via email from the I-T department. Howev...
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Category :
Income Tax |
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0 | Hits : 1504
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