GST Bill - No consensus emerges between Congress and Centre
Posted Date : 15-Dec-2015 , 08:01:19 am | Posted By CASANSAAR
No consensus emerged in the meeting between the main opposition Congress and the government on Goods and Services Tax bill. Congress leader Anand Sharma said the government and Congress will have another round of consultations.
Briefing media in New Delhi this evening Mr Sharma said Leader o...
Continue Reading...
Category :
GST |
Comments :
1 | Hits : 804
|
 |
ICAI Elections 2015 - Region Wise Estimated Date of Counting
Posted Date : 12-Dec-2015 , 09:12:29 am | Posted By CASANSAAR
I wish to inform you that the counting of votes for election to the twenty third Council and twenty second Regional Councils will commence from 20th December, 2015. The venue for the Counting will beInstitute’s premises at ICAI Bhawan, A-29, Sector 62, NOIDA – 201 309. The cou...
Continue Reading...
Category :
ICAI Election |
Comments :
0 | Hits : 2408
|
|
CBI arrests Joint Commissioner of Income Tax on bribery charges
Posted Date : 12-Dec-2015 , 09:05:05 am | Posted By CASANSAAR
The Anti-Corruption Bureau of the Central Bureau of Investigation on Friday arrested a Joint Commissioner with the Income Tax Department in Mumbai on the charge of accepting a bribe of Rs 5 lakh from a Mumbai resident. CBI officials said the accused, SK Jangre, had reopened the file regarding the co...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1528
|
|
RBI constitutes a committee to check menace of Chit-fund and various financial irregularities
Posted Date : 12-Dec-2015 , 09:00:50 am | Posted By CASANSAAR
The Reserve Bank of India, RBI, has set-up a committee to check the menace of Chit-fund and various financial irregularities in the country.
This Committee will work in coordination with the State governments regularly. This was stated by the RBI Governor Mr. Raghuram Rajan in a press conference ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 887
|
|
Guidelines for Banks on Refinancing Existing and Pending Infrastructural Projects
Posted Date : 12-Dec-2015 , 08:58:24 am | Posted By CASANSAAR
Reserve Bank of India (RBI) guidelines are already in place on refinancing existing infrastructure and other project loans. As per extant guidelines, banks are allowed to refinance such loans by way of take-out financing, even without a pre-determined agreement with other Banks/Financial Institution...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 896
|
|
Government Approves Seven (07) Proposals of Foreign Direct Investment (FDI) Amounting to Rs. 5240.35 Crore Approx
Posted Date : 12-Dec-2015 , 08:57:12 am | Posted By CASANSAAR
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 227th meeting held on 9thNovember 2015, the Government has approved Seven (07) proposals of Foreign Direct Investment (FDI) amounting to Rs. 5240.35 crore.
The following Seven (07) proposals have bee...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 848
|
|
MCA to soon introduce a new version of Form INC29
Posted Date : 12-Dec-2015 , 08:56:16 am | Posted By CASANSAAR
Time taken for registration of a company cut by 50% as a part of ‘ease-of-doing business’ effort by the Ministry of Corporate Affairs; Ministry to soon introduce a new version of Form INC29 incorporating suggestions received from the stakeholders allowing up to 5 directors to be appointe...
Continue Reading...
Category :
MCA |
Comments :
0 | Hits : 954
|
|
National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT)
Posted Date : 12-Dec-2015 , 08:52:30 am | Posted By CASANSAAR
The provisions of the Companies Act, 2013 regarding constitution of National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) had been challenged in the Supreme Court and the matter was decided by the Hon’ble Court by judgment dated 14th May, 2015. The ...
Continue Reading...
Category :
Companies Act |
Comments :
0 | Hits : 929
|
|
India, Japan sign protocol to amend double taxation avoidance
Posted Date : 11-Dec-2015 , 06:04:59 pm | Posted By CASANSAAR
India and Japan today signed a Protocol for amending the existing convention for avoidance of double taxation and prevention of fiscal evasion with respect to income taxes. Revenue Secretary Hasmukh Adhia signed the protocol on behalf of India while Kenji Hiramatsu, Ambassador of Japan signed on beh...
Continue Reading...
Category :
International Taxation |
Comments :
0 | Hits : 1194
|
|
ICAI Election 2015 - Fresh dates of counting of Votes
Posted Date : 11-Dec-2015 , 08:55:21 am | Posted By CASANSAAR
As you are aware that due to unprecedented rain in Tamil Nadu, the polling in certain Polling Booths in Southern Region was postponed. The 18th and 19th December, 2015 have been notified as fresh date/s of polling for Chennai City and 19th December, 2015 for other places where p...
Continue Reading...
Category :
ICAI Election |
Comments :
0 | Hits : 1897
|
|
Sebi-registered FPIs get I-T filing relief
Posted Date : 11-Dec-2015 , 08:24:43 am | Posted By CASANSAAR
After giving a relief to foreign portfolio investors over the issue of minimum alternate tax (MAT), the Income Tax Department on Thursday gave them more reason to cheer over the filing of the so-called defective income tax returns. The Central Board of Direct Taxes (CBDT) clarified that incomplete o...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 875
|
|
Clarification regarding Notices of defective returns issued to FII/FPIs
Posted Date : 11-Dec-2015 , 08:14:50 am | Posted By CASANSAAR
Notices of defective returns were issued under Section 139(9) of the Income-tax Act to Foreign Institutional Investors/Foreign Portfolio Investors (FIIs/FPIs) in cases where Balance Sheet and P&L account were not filled.
In order to overcome this difficulty, it is clarified that such returns ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 730
|
|
New facility of pre-filling TDS data while submitting online rectification
Posted Date : 11-Dec-2015 , 08:12:59 am | Posted By CASANSAAR
Central Board of Direct Taxes (CBDT) has simplified the process of online rectification of incorrect TDS details filed in the Income Tax Return.
Taxpayers were required to fill-in complete details of the entire TDS schedule while applying for rectification on the e-filing portal of the Income-tax...
Continue Reading...
Category :
TDS |
Comments :
0 | Hits : 1664
|
|
I-Tax deptt warns taxpayers against fraudulent emails
Posted Date : 10-Dec-2015 , 08:49:28 am | Posted By CASANSAAR
The Income Tax Department today warned tax payers against phishing/fraudulent refund emails saying it does not seek details of personal information like PIN through e-mail.
"The Income Tax Department does not send e-mail requesting your PIN numbers, passwords or similar access information fo...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 963
|
|
Full Report on the Revenue Neutral Rate and Structure of Rates for the Goods and Services Tax (GST)
Posted Date : 09-Dec-2015 , 07:53:15 pm | Posted By CASANSAAR
Full Report on the Revenue Neutral Rate and Structure of Rates for the Goods and Services Tax (GST) by the Committee headed by the Chief Economic Adviser (CEA), Dr Arvind Subramanian is attached here with and is also available on the Ministry of Finance web-site : finmin.nic.in.
...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1091
|
|
Govt initiates SETU programme to support start-up businesses
Posted Date : 09-Dec-2015 , 07:50:26 pm | Posted By CASANSAAR
The government has set up a mechanism known as SETU to support all aspects of start-up business and other self-employment activities, Lok Sabha was informed on Wednesday.
Union minister for skill development Rajiv Pratap Rudy said the National Policy for Skill Development and Entrepreneurs envi...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 902
|
|
Lok Sabha passes Indian Trusts (Amendment) Bill, 2015
Posted Date : 09-Dec-2015 , 07:43:41 pm | Posted By CASANSAAR
The Lok Sabha on Wednesday passed the Indian Trusts(Amendment) Bill, 2015, amid chaos as the opposition Congress created ruckus in the house over the National Herald case involving Sonia and Rahul Gandhi for the second consecutive day.
The bill, ...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 1100
|
|
CBDT switching to computer-assisted tax scrutiny - FM
Posted Date : 09-Dec-2015 , 09:34:00 am | Posted By CASANSAAR
The process of selecting tax cases for scrutiny on a random basis is being replaced by a system-based centralised approach, the government today said.
"It may be clarified that for the past several years, the process of selection of cases for scrutiny on a random basis has been dispens...
Continue Reading...
Category :
CBDT |
Comments :
0 | Hits : 1450
|
|
ICSI Request for recognition of CS under proposed GST Law
Posted Date : 09-Dec-2015 , 09:18:06 am | Posted By CASANSAAR
THE INSTITUTE OF Company Secretaries of India
IN PURSUIT OF PROFESSIONAL EXCELLENCE
Statutory body under an Act of Parliament
404:4: 2015: GST December 3, 2015
Shri Satish Chandra
Member Secretary
Empowered Committee of State Finance Ministers
Delhi Secr...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1314
|
|
FM pitches for early passage of GST Bill
Posted Date : 09-Dec-2015 , 09:13:45 am | Posted By CASANSAAR
Pitching for early passage of the GST Bill in the Rajya Sabha, Indian Finance Minister Arun Jaitley on Tuesday said efforts to create hurdle will amount to damaging the country.
The Constitution Amendment Bill to roll out Goods and Services Tax is stuck in the Rajya Sabha due to stiff opposition ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 798
|
|
Deliberations Between ICAI, ICSI and ICoAI on Multi-Disciplinary Partnership (MDP) Firms
Posted Date : 09-Dec-2015 , 09:10:51 am | Posted By CASANSAAR
The modalities of setting up Multi-Disciplinary Partnership (MDPs) of their members are under discussion amongst the Institute of Chartered Accountants of India (ICAI), The Institute of Company Secretaries of India (ICSI) and The Institute of Cost Accountants of India (ICAoI).
The councils ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1202
|
|
Sebi issues show-cause notice to RBL bank
Posted Date : 08-Dec-2015 , 07:52:34 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) has issued a show-cause notice to RBL Bank over possible rule violations, which could hinder the 72-year-old lender's plans to raise an estimated Rs 1,450 crore though an initial public offering (IPO).
The bank can go ahead with the IPO ...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 1054
|
|
CBDT notifies emails as new communication mode with taxpayers
Posted Date : 07-Dec-2015 , 10:17:08 am | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) has notified an amendment in the Income Tax Act that would allow the department to serve notices to taxpayers through their registered emails and would also make it legitimate for assessees to file their responses and authenticated documents through electroni...
Continue Reading...
Category :
CBDT |
Comments :
1 | Hits : 1425
|
|
CEA-led panel recommends standard rate for GST at 17-18 %
Posted Date : 06-Dec-2015 , 06:52:19 pm | Posted By CASANSAAR
The Chief Economic Advisor-led panel has recommended standard rate for Goods and Services Tax at 17 to 18 per cent, the rate at which most products would likely be taxed.
In its report submitted to Finance Minister Arun Jaitley, the committee has excluded real estate, electricity and alcoho...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 861
|
|
Government Orders Quick Issue of Income Tax Refunds Under Rs. 50,000
Posted Date : 06-Dec-2015 , 06:13:47 pm | Posted By CASANSAAR
In good news for lakhs of taxpayers awaiting their IT refunds, the government has directed the taxman to "expeditiously" settle claims involving less than Rs. 50,000.
According to government data, over Rs. 5,400 crore is locked in pending refunds, which has become a ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 952
|
|
RBI bars 56 NBFCs from conducting business
Posted Date : 06-Dec-2015 , 10:16:29 am | Posted By CASANSAAR
The Reserve Bank of India has cancelled the certificate of registration of 56 non-banking finance companies (NBFCs), including ABNL, Future Ventures India and Bajaj Finserve.
Following the cancellation of registration certificate, these companies cannot transact in the business of an NBFC as la...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1523
|
|
Failure to pay TDS collected can attract 7-yr jail term: CBDT
Posted Date : 06-Dec-2015 , 10:13:01 am | Posted By CASANSAAR
Employers failing to pay the Government the tax deducted at source (TDS) on salaries of their employees can be jailed for up to seven years, the CBDT has said.
Failure to deduct income tax on salaries of employees or defaulting in payment of the same to the government will be liable to a ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1270
|
|
Govt extends date for excise, service tax payment in TN
Posted Date : 06-Dec-2015 , 10:08:45 am | Posted By CASANSAAR
The Revenue Department has extended the last date for payment of excise and service taxes in Tamil Nadu to December 20 in view of unprecedented rains which have disrupted normal life in Chennai and other areas.
It has also extended the date for payment of tax d...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 1025
|
|
Support for CASANSAAR, Vote to Vivek Khurana (NIRC B.N.40)
Posted Date : 03-Dec-2015 , 08:02:05 am | Posted By CASANSAAR
CA.VIVEK KHURANA (Founder of CASANSAAR) and his team are serving for CA profession from last Six years and trying to do there best with the medium of CASANSAAR.COM
Now CA.VIVEK KHURANA has filed Nomination for NIRC Elections of ICAI. Its our humble request to all of you that please keep Sup...
Continue Reading...
Category :
ICAI Election |
Comments :
0 | Hits : 1121
|
|
Government invites applications for the post of CEO for National Investment and Infrastructure Fund (NIIF)
Posted Date : 03-Dec-2015 , 07:36:04 am | Posted By CASANSAAR
National Investment and Infrastructure Fund (NIIF) has been set-up by the Government of India, with an expected initial corpus of Rs. 40, 000 crores. The Fund is set- up as a Fund of Funds (Category II Alternate Investment Fund) with a proposed series of funds. The Fund is looking to app...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 970
|
|
|
