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Govt collects Rs 9.5 lakh cr in taxes during Apr-Dec
Posted Date : 07-Jan-2016 , 07:05:42 am | Posted By CASANSAAR

The government has collected Rs 9.5 lakh crore in taxes during the April-December period of 2015-16, which is 66 per cent of the budget estimates (BE).  The government in the budget for 2015-16 pegged tax collection (direct and indirect) at Rs 14.45 lakh crore.  "The total tax r...

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Category : Income Tax | Comments : 0 | Hits : 931

List of Final 7 Central Council Members Elected from NIRC
Posted Date : 06-Jan-2016 , 02:42:31 pm | Posted By CASANSAAR

ICAI Election 2015 :- List of Final 7 Central Council Members Elected from NIRC 1. GUPTA NAVEEN N D 2. GUPTA ATUL KUMAR 3. CHAUDHARY SANJIV KUMAR 4. AGARWAL SANJAY 5. VASUDEVA SANJAY 6. GUPTA VIJAY KUMAR 7. SHARMA RAJESH Many Many Congr...

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Category : ICAI Election | Comments : 0 | Hits : 3821

ICAI Election 2015 - Counting updates of Central Council - NIRC
Posted Date : 06-Jan-2016 , 02:38:02 pm | Posted By CASANSAAR

ICAI Election 2015 - Counting updates of Central Council - NIRC (Total 7 Members to be elected out of 21 Candidates) Total Validate Votes  for CC :- 23128   S.NO. AS PER ICAI NAME OF CANDIDATE   TOTAL VOTES     1 ...

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Category : ICAI Election | Comments : 0 | Hits : 27968

Money laundering: RBI to share banks' inspection report
Posted Date : 06-Jan-2016 , 06:41:15 am | Posted By CASANSAAR

Bowing to pressure, the Reserve Bank of India has agreed to share relevant extracts of its banks' inspection reports with a central economic intelligence wing to help it check money laundering and violations of other banking laws. The central bank is expected to soon sign a Memora...

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Category : Money laundering | Comments : 0 | Hits : 1498

The Negotiable Instruments (Amendment) Bill, 2015 notified
Posted Date : 06-Jan-2016 , 06:34:59 am | Posted By CASANSAAR

The Negotiable Instruments (Amendment) Bill, 2015 notified; Focus on clarifying the jurisdiction related issues for filing cases for offence committed under Section 138 of the Act    The Negotiable Instruments (Amendment) Bill, 2015 was passed by the Parliament in the recently conclude...

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Category : General | Comments : 0 | Hits : 1361

ICAI ELECTION 2015 - Counting updates - Northern Region (NIRC)
Posted Date : 04-Jan-2016 , 10:12:14 pm | Posted By CASANSAAR

ICAI ELECTION 2015 - Counting updates - Northern Region (NIRC)  254 Postal Ballot 205 Valid for CC 203 for RC Refresh your Page by Pressing F5 Total Validate Votes  for CC :- 23128 Quota for CC : - 2892 Total Validate Votes for RC :- 23028 Quota for RC :- 1645 ​2...

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Category : ICAI Election | Comments : 0 | Hits : 7806

ICAI Elections 2015 - Counting Updates of Regional Council - CIRC
Posted Date : 04-Jan-2016 , 07:18:48 am | Posted By CASANSAAR

ICAI Elections 2015 - Counting Updates of Regional Council - CIRC (Total 10 Person to be Selected out of 31 Candidates) Quota is 1587 S.NO. AS PER ICAI NAME OF CANDIDATE   TOTAL VOTES     1 AGARWAL ROHIT   1587 ...

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Category : ICAI Election | Comments : 0 | Hits : 15195

New Income Tax Reporting Norms for High Value Transactions From April 1
Posted Date : 03-Jan-2016 , 08:24:56 pm | Posted By CASANSAAR

In order to check black money, the Central Board of Direct Taxes (CBDT), the apex policymaking body of the Income Tax Department, has notified norms under which cash receipts and high value transactions beyond a certain threshold will have to be reported to the income tax authorities with effect fro...

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Category : Income Tax | Comments : 0 | Hits : 2069

ICAI Elections 2015 - Counting Updates of Central Council - CIRC
Posted Date : 03-Jan-2016 , 07:46:33 pm | Posted By CASANSAAR

ICAI Elections 2015 - Counting Updates of Central Council - CIRC Total 5 Person to be Selected in Central Council) Quota is 2916. S.NO. AS PER ICAI NAME OF CANDIDATE   TOTAL  VOTES   1 AGARWAL NITISH   Eliminate...

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Category : ICAI Election | Comments : 0 | Hits : 11656

List of Final 5 Central Council Members Elected from CIRC
Posted Date : 03-Jan-2016 , 04:11:59 pm | Posted By CASANSAAR

1. Shyam Lal Agarwal 2. Kimisha Soni 3. Mukesh Kushwaha 4. Manu Agarwal 5. Prakash Sharma www.casansaar.com...

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Category : ICAI Election | Comments : 0 | Hits : 2478

ICAI ELECTION 2015 - Counting updates - Central Region
Posted Date : 02-Jan-2016 , 01:16:22 pm | Posted By CASANSAAR

NO CHANGE in the Votes either Preference wise or Total wise. Eliminiation Process Starts now. After first round of counting, lots of candidates has requested for Rechecking and Recounting of Votes for both CC and RC Now again Recheck and Recounting of Votes by ICAI on the Process. www.casans...

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Category : ICAI Election | Comments : 0 | Hits : 3494

SEBI Issues New Listing Norms for Stock Exchanges
Posted Date : 01-Jan-2016 , 09:25:46 pm | Posted By CASANSAAR

Paving way for listing of the stock exchanges, markets regulator Sebi on Friday announced detailed guidelines for their compliance to disclosure and listing regulations including for ensuring "fit and proper" status of every investor in the bourses. The exchanges would need to take step...

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Category : SEBI | Comments : 0 | Hits : 1065

RBI to move to CTS for clearing government's cheques
Posted Date : 01-Jan-2016 , 08:40:07 pm | Posted By CASANSAAR

RBI today said it has decided to dispense with the requirement of physically forwarding paid central government cheques to the departments for clearance. With a view to enhance efficiency in cheque clearing, Reserve Bank of India has introduced Cheque Truncation System (CTS) for clearance of cheq...

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Category : RBI | Comments : 1 | Hits : 1163

Extension of date to complete GMCS-I Course by the students registered for articleship training on or after 1st May, 2012
Posted Date : 01-Jan-2016 , 08:31:05 pm | Posted By CASANSAAR

31st December, 2015 Sub: Extension of date to complete GMCS-I Course by the students registered for articleship training on or after 1st May, 2012 It has been decided to grant extension to students, who were registered for practical training on or after 1st May, 2012 and completed one year...

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Category : ICAI | Comments : 0 | Hits : 1060

Income tax officers to raise only specific queries in scrutiny - Revenue Secretary
Posted Date : 31-Dec-2015 , 07:29:00 am | Posted By CASANSAAR

Seeking to eliminate corruption and promote ease of doing business, the revenue department has asked field offices only to raise specific queries in income tax assessment cases picked up for scrutiny.  Issuing comprehensive norms for scrutiny, the Central Board of Direct Taxes (CBDT) said qu...

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Category : Income Tax | Comments : 0 | Hits : 1438

Income tax appeal before Commissioners must be e-filed - CBDT
Posted Date : 31-Dec-2015 , 07:25:21 am | Posted By CASANSAAR

Aiming to reduce the compliance burden, revenue department today said appeals before Income Tax Commissioner should be filed in electronic format by those assessees who e-file their returns.  Electronic filing of appeals along with documents, before the CIT (Appeals), will remove human inter...

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Category : Income Tax | Comments : 0 | Hits : 1149

Delay in GST will deprive consumers of benefits - ICAI President
Posted Date : 31-Dec-2015 , 07:23:43 am | Posted By CASANSAAR

The delay in implementation of the GST Bill will deprive the consumers of its benefits, Institute of Chartered Accountants of India (ICAI) president Charted Account Manoj Fadnis said today.  "The consumers are at a loss as they will not be able to avail the benefits of one common tax in...

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Category : ICAI | Comments : 1 | Hits : 1115

Expedite scrutiny cases below Rs 5 lakh: CBDT to taxman
Posted Date : 31-Dec-2015 , 07:21:09 am | Posted By CASANSAAR

In fresh moves to end taxpayers grievances, CBDT has asked the taxman to "expeditiously" complete those scrutiny cases where income concealed is uptoRs 5 lakh . It has asked the Assessing Officers (AOs) to confine their queries for which the case has been picked up for scrutiny under th...

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Category : CBDT | Comments : 0 | Hits : 1220

Income Tax Department Names 18 Defaulters Owing Rs 1,100 Crore
Posted Date : 30-Dec-2015 , 06:08:58 pm | Posted By CASANSAAR

The Income Tax Department Wednesday published a fresh list of 18 tax defaulters, including gold and diamond traders, who owe taxes of over Rs 1,100 crore to the government for the past many assessment years but have either gone untraceable or have inadequate assets to pay. The list has been compi...

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Category : Income Tax | Comments : 1 | Hits : 1508

ICAI Elections 2015 - Counting Updates of Regional Council - EIRC
Posted Date : 30-Dec-2015 , 03:22:51 pm | Posted By CASANSAAR

ICAI Elections 2015 - Counting Updates of Regional Council - EIRC   S.NO. AS PER ICAI NAME OF CANDIDATE   TOTAL  VOTES   1 AGARWAL ANURADHA    ELIMINATED   2 AGARWAL HARI RAM &n...

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Category : ICAI Election | Comments : 0 | Hits : 4108

ICAI Elections 2015 - Counting Updates of Central Council - EIRC
Posted Date : 30-Dec-2015 , 10:33:32 am | Posted By CASANSAAR

ICAI Elections 2015 - Counting Updates of Central Council - EIRC EIRC - CC Position after Elimination of S.N. 3 S.NO. AS PER ICAI NAME OF CANDIDATE   TOTAL VOTES     1 AGARWAL RANJEET KUMAR    2250 ...

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Category : ICAI Election | Comments : 0 | Hits : 2250

Restoration of Membership of the Institute - ICAI
Posted Date : 30-Dec-2015 , 09:02:43 am | Posted By CASANSAAR

A member of the Institute enjoys the privileges by participating in the Institute's activities and programmes designed for dissemination of knowledge, professional development and continuing professional education.  A member of the Institute is entitled for monthly journal of the Institu...

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Category : ICAI | Comments : 0 | Hits : 1280

IT officials search NCDEX office
Posted Date : 30-Dec-2015 , 08:47:18 am | Posted By CASANSAAR

The National Commodity and Derivatives Exchange (NCDEX) said income tax (I-T) officials on Tuesday conducted a “routine survey” at its office in Mumbai. “The visit of I-T officials is part of a routine survey by the department. The exchange is fully cooperating with the offici...

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Category : Income Tax | Comments : 0 | Hits : 827

ICAI Elections 2015 - Counting Updates of Regional Council - SIRC
Posted Date : 30-Dec-2015 , 08:14:28 am | Posted By CASANSAAR

ICAI Elections 2015 - Counting Updates of Regional Council – SIRC   Cotha S. Srinivas 1470 Jomon K. George 1470 Phalguna Kumar E 1470 Abhishek M. 1470 Adusumilli Venkateswara Rao 1470 Jalapathi K. 1470 Gopal Krishna Raju 1357 Babu K.Thevar 1267 Chin...

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Category : ICAI Election | Comments : 0 | Hits : 9391

List of Final 3 Central Council Members Elected from EIRC
Posted Date : 29-Dec-2015 , 11:25:50 pm | Posted By CASANSAAR

ICAI Election 2015 - List of Final 3 Central Council Members Elected from EIRC. 1. AGARWAL RANJEET KUMAR 2. GOYAL SUSHIL KUMAR 3.  MITRA DEBASHIS CASANSAAR Congrates all and All the Best to them. www.casansaar.com...

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Category : ICAI Election | Comments : 0 | Hits : 1325

ICAI Election 2015 - Sitting CC Member from Eastern Region Lost the Election
Posted Date : 29-Dec-2015 , 11:21:11 pm | Posted By CASANSAAR

ICAI Election 2015 - Sitting CC Member from Eastern Region Lost the Election Sitting Central Council Member CA.SUMANTRA GUHA has lost the Central Council Election from Eastern Region and couldnt make it again to the Central Council. www.casansaar.com...

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Category : ICAI Election | Comments : 0 | Hits : 1163

ICAI Elections 2015 - Updates on Counting of Votes (EASTERN REGION)
Posted Date : 29-Dec-2015 , 10:50:42 am | Posted By CASANSAAR

ICAI Elections 2015 - Updates on Counting of Votes (EASTERN REGION) EIRC Ballot Box opening is going on.  ...

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Category : ICAI Election | Comments : 0 | Hits : 1353

Rs 1 crore fraud reporting threshold brings clarity for auditors - ICAI
Posted Date : 29-Dec-2015 , 08:19:03 am | Posted By CASANSAAR

The threshold of Rs 1 crore for reporting any suspected corporate fraud brings in clarity for auditors but might prove to be less for very large corporates, apex body of chartered accountants ICAI said.  Earlier this month, the Corporate Affairs Ministry said that auditors are required to re...

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Category : ICAI | Comments : 0 | Hits : 1365

RBI nudging banks to furnish potential NPAs
Posted Date : 29-Dec-2015 , 08:10:39 am | Posted By CASANSAAR

Banks may soon be asked to provide – set aside funds – for potential non-performing assets (NPAs) and weak assets, sources aware of the development said. Sources said that banks could be asked to provide for potential weak assets which, although require standard asset provisioning as ...

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Category : RBI | Comments : 1 | Hits : 945

List of Final 6 Central Council Members Elected from SIRC
Posted Date : 28-Dec-2015 , 09:52:13 pm | Posted By CASANSAAR

ICAI Election 2015 - List of Final 6 Central Council Members Elected from SIRC. 1. DEVARAJA REDDY M. 2. VIJAY KUMAR M P. 3.  MADHUKAR NARAYAN. 4.  BABU ABRAHAM K. 5.  SRIPRIYA K 6. SEKAR G CASANSAAR Congrates all and All the Best to them. www.casansaar.com ...

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Category : ICAI Election | Comments : 0 | Hits : 1501

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