No LPG subsidy for consumers with annual taxable income of more than Rs 10 lakh
Posted Date : 28-Dec-2015 , 09:20:42 pm | Posted By CASANSAAR
The government on Monday decided that consumers with taxable income above Rs 10 lakh per year will not get LPG subsidy from January 2016.
The benefit of the LPG subsidy will not be available for LPG consumers if the consumer or his/her spouse had taxable income of more than Rs 10 lakh during th...
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Income Tax |
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ICAI Elections 2015 - Counting Updates of Central Council - SIRC
Posted Date : 28-Dec-2015 , 05:47:33 pm | Posted By CASANSAAR
ICAI Elections 2015 - Counting Updates of Central Council - SIRC
CC - Position after 16th Elimination of Suresh PR
6 DEVARAJA REDDY M- 2961
22 VIJAY KUMAR M P- 2961
9 MADHUKAR NARAYAN- 2918
3 BABU ABRAHAM K- 2812
18 SRIPRIYA K- 2506
17 SEKAR G- 2473
14...
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ICAI Election |
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0 | Hits : 17356
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Over 9,500 Complaints Pending With Banking Ombudsmen: RBI
Posted Date : 28-Dec-2015 , 08:10:21 am | Posted By CASANSAAR
Over 9,500 complaints of deficient services by nationalised and private sector banks are pending with banking ombudsmen, the Reserve Bank of India (RBI) has said.
The revised Banking Ombudsman scheme 2006 allows a customer to seek redress of complaints against banks relating to credit cards and h...
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RBI |
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1 | Hits : 915
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Deloitte, KPMG, PWC empanelled for RBI's information systems audit
Posted Date : 27-Dec-2015 , 07:30:54 pm | Posted By CASANSAAR
Deloitte, KPMG, PWC and four others have been empanelled by the Reserve Bank of India (RBI) for conducting audit of information systems of the central bank.
The other agencies are, AAA Technologies, Auditime, Digital Age Strategies and Mahindra SSG.
"With reference to ...
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Auditing |
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1 | Hits : 1788
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ICAI Elections 2015 - Updates on Counting of Votes (SOUTHERN REGION)
Posted Date : 27-Dec-2015 , 04:07:24 pm | Posted By CASANSAAR
ICAI Elections 2015 - Updates on Counting of Votes (SOUTHERN REGION)
(WESTERN REGION Counting are over and now Turn for SOUTHERN REGION)
All 139 booths are tallied and announced by returning officer. These numbers are subject to final consolidation and also subject to verification of invalid b...
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ICAI Election |
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Now, buy rail tickets on ICICI Bank website
Posted Date : 26-Dec-2015 , 06:55:33 am | Posted By CASANSAAR
ICICI Bank on Wednesday tied up with railway's e-ticketing platform IRCTC to sell rail tickets through its website.
The largest private sector lender will soon introduce the facility to book rail tickets on its mobile banking application and prepaid digital wallet, it said in a statement.
...
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General |
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ICAI Elections 2015 - Counting Updates of Regional Council - WIRC
Posted Date : 26-Dec-2015 , 06:36:02 am | Posted By CASANSAAR
ICAI ELECTION 2015 - COUNTING UPDATES FOR REGIONAL COUNCIL - WIRC
Position After elimination of candidate No.47 VAIDYA AMBARISH ASHOK- (PUNE) - Main Parcel Only
Postion
NAME OF CANDIDATE
Total
Rank
...
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ICAI Election |
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Weak balance sheets, bad loans increase risks for banks: RBI
Posted Date : 24-Dec-2015 , 07:41:28 pm | Posted By CASANSAAR
The Reserve Bank of India expressed concern over high corporate leverage as bad loans from the country’s top corporations increased sharply between March and September, 2015.
“Corporate sector vulnerabilities and the impact of their weak balance sheets on the financial system need c...
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RBI |
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Income Tax Department to quote email, phone number in e-notice - FinMin
Posted Date : 24-Dec-2015 , 03:04:28 pm | Posted By CASANSAAR
In an attempt to bring authenticity to e-mail based communication to taxpayers, the Finance Ministry has asked Income Tax department officials to mandatorily mention their email and official phone numbers in such letters and notices.
An official order, accessed by PTI, in this regard was issu...
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Income Tax |
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0 | Hits : 994
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Property can be registered below circle fee, rules Delhi HC
Posted Date : 24-Dec-2015 , 08:30:37 am | Posted By CASANSAAR
In a landmark verdict that will benefit thousands of land owners in Delhi, the high court on Wednesday allowed registration of properties even if valued below the minimum circle rate of the area.
A bench of chief justice G Rohini and justice R S Endlaw relied on provisions of the Indian Stamp Act...
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General |
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CBDT issues MAT order pertaining to foreign companies
Posted Date : 24-Dec-2015 , 08:09:25 am | Posted By CASANSAAR
To end uncertainty over applicability of Minimum Alternate Tax (MAT) on foreign institutional investors (FIIs) and foreign companies, the Central Board of Direct Taxes (CBDT) on Wednesday asked its field officers to complete the pending assessments in light of the directions issued regarding inappli...
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CBDT |
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ICAI Elections 2015 - Counting Updates of Central Council - WIRC
Posted Date : 23-Dec-2015 , 11:11:09 pm | Posted By CASANSAAR
ICAI ELECTION 2015 - COUNTING UPDATES FOR CENTRAL COUNCIL - WIRC
Position after Elimination ...
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ICAI Election |
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List of Final 11 Central Council Members Elected from WIRC
Posted Date : 23-Dec-2015 , 11:07:30 pm | Posted By CASANSAAR
ICAI Election 2015 - List of Final 11 Central Council Members Elected from WIRC.
1. S B Zaware
2. Nilesh Vikamsey
3. Dhinal Shah
4. NC Hegade
5. Jay Chaiira
6. Mangesh Kinare
7. Tarun Ghia
8. Nihar Jambusaria
9. Prafulla Chajed
10. Dhiraj Khandelwal
11. Anil Bhandari
CASANSAAR Congra...
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ICAI Election |
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RBI extends deadline to exchange Pre-2005 notes to June 2016
Posted Date : 23-Dec-2015 , 09:51:44 pm | Posted By CASANSAAR
Reserve Bank on Wednesday extended the deadline for exchanging pre-2005 currency notes of various denominations, including Rs 500 and Rs 1,000, by another six months to June 30, 2016.
The Reserve Bank had, in June 2015, set the last date for public to exchange pre-2005 banknotes notes...
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RBI |
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Draft Guiding Principles for Determination of Place of Effective Management (Poem) of a Company Formulated
Posted Date : 23-Dec-2015 , 08:08:19 pm | Posted By CASANSAAR
The Finance Act, 2015 has amended, with effect from 01.04.2016, the provisions of Income-tax Act relating to determination of residence of a company. In accordance with the amended provisions a company would be said to be resident in India in any previous year, if it is an Indian company or it...
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Income Tax |
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ICAI Election 2015 - Revised Schedule of Counting of Votes
Posted Date : 23-Dec-2015 , 07:57:41 pm | Posted By CASANSAAR
ICAI Election 2015 - Revised Schedule of Counting of Votes
Sl. No.
Name of the Constituency and Regional Council
Revised estimated date on which counting will be taken up
1.
Southern India Regional Constituency and Southern India Regional Council.
...
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ICAI Election |
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WIRC - Sitting Central Council Member Lost the Election
Posted Date : 23-Dec-2015 , 04:18:35 pm | Posted By CASANSAAR
ICAI ELECTIONS 2015 - WIRC COUNTING UPDATE.
Sitting Central Council Member CA.JOSHI SHRINIWAS YESHWANT has lost the Central Council Election and couldnt make it again to the Central Council.
www.casansaar.com...
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ICAI Election |
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0 | Hits : 2758
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Income Tax Department to Launch Project Insight to Curb Black Money
Posted Date : 23-Dec-2015 , 08:11:03 am | Posted By CASANSAAR
The Income Tax department will implement 'Project Insight' from next year which will monitor high value transactions, with a view to curbing the circulation of black money, the Finance Ministry said today.
'Project Insight' has been initiated by the Department f...
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Income Tax |
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RBI sets up helpline for guiding start-ups on forex matters
Posted Date : 23-Dec-2015 , 07:59:45 am | Posted By CASANSAAR
The Reserve Bank of India on Tuesday said it has created a dedicated helpline (helpstartup@rbi.org.in) for start-ups in India in order to offer guidance/assistance for undertaking cross-border transactions within the ambit of the regulatory framework.
While seeking guidance, the enter...
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International Business |
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0 | Hits : 900
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Swachh Bharat cess garners Rs. 329 Cr in 1 month
Posted Date : 22-Dec-2015 , 08:51:30 pm | Posted By CASANSAAR
The government has collected Rs. 329.6 crore in a month’s time from the 0.5 per cent Swachh Bharat cess which is imposed on all taxable services, the Parliament was informed on Tuesday.
“The provisional figures of Swachh Bharat cess collected till December 16, 2015, is about Rs. 329...
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Service Tax |
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Govt sets threshold for fraud reporting by auditors at Rs 1 Cr
Posted Date : 22-Dec-2015 , 05:41:31 am | Posted By CASANSAAR
Auditors are now required to report any suspected corporate fraud amounting Rs 1 crore or more to the central government, as stringent measures are being put in place to curb misdoings.
Under the Companies Act, 2013, auditors are required to report to the government when they come across instan...
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Auditing |
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ICAI Elections 2015 - Updates on Counting of Votes (WESTERN REGION)
Posted Date : 21-Dec-2015 , 10:26:18 pm | Posted By CASANSAAR
ICAI ELECTION 2015 - Counting Updates
The Tray distribution for Central Council & Regional Council has begun.
WIRC UPDATE
Candidates at Sr. No.29, 17, 33, 34, 05, 30 (i.e. Purushotaam Khandalelwal, Manish Gadhia, Kedar Mehendale, Satyanarayan Mundada, Pradeep Agrawal, Vik...
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ICAI Election |
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0 | Hits : 10296
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CVC alerts banks to fake CA certificates from borrowers
Posted Date : 21-Dec-2015 , 07:59:28 am | Posted By CASANSAAR
The Central Vigilance Commission has asked public sector banks to put in place a system to check the rising instances of fake Chartered Accountant certificates being submitted by borrowers to get loans.
While studying banks’ lending process, the Commission stumbled on instances of loans bei...
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CA |
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Over 27 lakh new assesses brought under Income Tax - FinMin
Posted Date : 20-Dec-2015 , 03:50:30 pm | Posted By CASANSAAR
Over 27 lakh new assessees from across the country have been brought under the tax net by the Income Tax department as part of its ambitious drive to bring one crore fresh taxpayers within its ambit this financial year.
Top sources in the Finance Ministry, quoting official data, said the ma...
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Income Tax |
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0 | Hits : 908
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GST being delayed for Collateral reasons - FM
Posted Date : 19-Dec-2015 , 01:15:44 pm | Posted By CASANSAAR
Indicating that the Goods and Services Tax (GST) Bill may not go through in the current session of Parliament, Finance Minister Arun Jaitley today said the Bill was being delayed for “collateral reasons”.
However, the Minister added that the government will push for other reform b...
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GST |
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0 | Hits : 989
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Highlights of the Achievements of Ministry of Corporate Affairs
Posted Date : 18-Dec-2015 , 07:30:10 pm | Posted By CASANSAAR
The major highlights of the achievements of the Ministry of corporate Affairs in the current fiscal year is as follows:
The Companies (Amendment) Act, 2015 [21 of 2015] has been published in the Gazette on 26th May, 2015, and is also available on the Ministry’s website....
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MCA |
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CBDT notifies new Income Tax authority
Posted Date : 18-Dec-2015 , 08:08:08 am | Posted By CASANSAAR
CBDT notified the new Income Tax department authority which will now be empowered to receive due taxes and penalty from those who had availed the one-time compliance window under the latest anti-black money Act enacted by the government.”
with effect from December 18, 2015 and until f...
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CBDT |
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Interest rate to be based on marginal cost of funds from April 1: RBI
Posted Date : 17-Dec-2015 , 10:11:42 pm | Posted By CASANSAAR
The RBI today said all banks will have to follow a new and uniform methodology from April next year to calculate base rate as per the marginal cost of funds. In a press release issued today The Reserve Bank said that apart from helping borrowers reap the benefit of lower rates, the step will also im...
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RBI |
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0 | Hits : 865
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Initiatives of Central Board of Excise and Customs to Facilitate Trade and to Resolve Disputes
Posted Date : 17-Dec-2015 , 02:51:55 pm | Posted By CASANSAAR
The Central Board of Excise and Customs, Department of Revenue, Ministry of Finance, Government of India has taken a number of initiatives to facilitate trade and to resolve disputes. A slew of measures were taken to enable effective and speedy dispute resolution and to facilitate the trade and indu...
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Excise |
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0 | Hits : 906
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Furnishing of Information in Respect of Payments made to the Non-Resident
Posted Date : 17-Dec-2015 , 02:50:47 pm | Posted By CASANSAAR
Section 195 of the Income-tax Act empowers the Central Board of Direct Taxes to capture information in respect of payments made to non-residents, whether chargeable to tax or not. Rule 37 BB of the Income-tax Rules has been amended to strike a balance between reducing the burden of compliance and co...
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Category :
Income Tax |
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0 | Hits : 1178
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