Top Accounting Firms,CA COMMUNITY,CA SANSAAR,Chartered Accountant,Ca Networking Firms,ca result,Ca Assignments,CA,Online Communities For Chartered Accountant,Circle For Ca,CS,CMA & ca exam,Articles By CA / CS / CMA,accounting news articles,Ca Firms In Delhi,CA ANNOUNCEMENT,accounting jobs,income tax software,article trainees,best website creator,empanelment,income tax slab,ITR, TDS Chart,icai election,nirc election,gst,accounting software,auditing,Income tax,students zone,cpt,community matrimony for ca,XBRL Software,Classified Ads,Community Matrimony For Ca,Students Zone,roc software,Coaching Classes,Company Secretary,Cost Accountant,e-tds software,Judiciary,ICAI.

Encouraged by the earlier results the Finance Ministry on Monday said it will continue to send letters to assessees who do not file income tax return. “We have been sending letters. We are getting results. The number of returns filed has been showing an increase. We intend to continue with th...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 505

The bank audit season is around the corner. Given the fact that the banking industry is typical in terms of its geographical and customer spread, the volume and varied nature of products and services offered, coupled with the strict constraints for completing the audits, the members, many a ...

Continue Reading...

Category : Auditing | Comments : 0 | Hits : 414

The government has cut the interest rates on Public Provident Fund (PPF) and National Savings Certificates (NSC), but has left the rates on savings deposits and one-year time deposits unchanged, the Finance Ministry said. While the rate on PPF has been cut to 8.7 per cent from 8.8 per cent, the 10-...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 333

Suspecting investor frauds in the projects being launched by numerous real estate developers, capital markets regulator Securities and Exchange Board of India (Sebi) is probing them for possible violations of collective investment scheme (CIS) regulations. A CIS entity typically raises funds from t...

Continue Reading...

Category : SEBI | Comments : 0 | Hits : 282

Worried about a demand notice from the Income Tax (I-T) department under section 245 of the I-T Act, even after tax has been deducted at source from your salary? Relax. It is no longer tough to sort out the matter, thanks to a recent order of the Delhi High Court.   It is not unusal for a per...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 487

Amid an intense selling pressure in the stock market, the two Reliance groups headed by Mukesh and Anil Ambani have seen their respective market values skid by about Rs 10,000 crore each in a week's time.   With two listed companies, the Mukesh Ambani-led Reliance Industries group saw its mar...

Continue Reading...

Category : Shares & Stock | Comments : 0 | Hits : 364

Corporate and financial misdoings are mainly the consequences of multiple regulators that do not have their work defined, Corporate Affairs Minister Sachin Pilot said on Saturday. "There are multiple regulators. Their scope of work is not clearly defined. People misuse the unregulated areas," Pilot...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 326

The government on Saturday announced simplification of removal of norms for foreign institutional investors (FIIs) to invest in government and corporate bonds, in its latest attempt to woo overseas investors to finance the widening current account deficit.   The move, which will be applic...

Continue Reading...

Category : International Business | Comments : 0 | Hits : 184

The Securities Appellate Tribunal ( SAT) on Saturday adjourned the hearing of billionaire Subrata Roy Sahara's appeal against capital market regulatorSecurities and Exchange Board of India (Sebi) regarding freezing his personal accounts to 26 March. The tribunal will hear the case at Sasht...

Continue Reading...

Category : SEBI | Comments : 0 | Hits : 165

A government-appointed panel on Friday proposed a unified regulator for markets, insurance, commodities and pensions. It proposed to keep banking out of its purview, but only temporarily. The panel, whose proposals could change the financial landscape of India, also suggested five additio...

Continue Reading...

Category : Finance | Comments : 0 | Hits : 299

The Reserve Bank of India (RBI) will soon issue a notification for the implementation of the Basel III capita l regulations by Indian banks from April 1, central bank governor D. Subbarao said on Friday. "We are going to issue a notification next week for banks to implement the Basel III ...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 428

The Reserve Bank of India (RBI) on Friday asked banks not to include their contingent liabilities and off-balance-sheet items while calculating the so-called priority sector target. Banks are required to make 40% of their loans to the so-called priority sector. This includes agriculture, expo...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 303

The CBI on Friday seized 11 cars belonging to BCCI chief and India Cements promoter N Srinivasan as part of its ongoing raids in Chennai, sources said. The sources added that Srinivasan had evaded paying tax on the imported cars.   Apart from Srinivasan, the CBI also raided the residences of ...

Continue Reading...

Category : Custom | Comments : 0 | Hits : 264

Diesel price was on Friday hiked by 45 paisa per litre, the third increase in the rate of nation's most consumed fuel since January.   Diesel price will be hiked by 45 paisa, excluding VAT, from midnight tonight, Indian Oil Corp (IOC), the nation's largest oil firm, announced.   In D...

Continue Reading...

Category : General | Comments : 0 | Hits : 157

In a major revenue drive, the tax authorities across the board are going slow on releasing tax refund and in granting utilisation of Cenvat credit. According to official sources, tax revenue boards - Central Board off Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC) have directed ...

Continue Reading...

Category : Excise | Comments : 0 | Hits : 190

The government on Friday said it has approved 12 FDI proposals, including that of pharma firm Claris Otsuka, totalling over Rs 2,609 crore.  The foreign investment promotion board (FIPB) headed by economic affairs secretary Arvind Mayaram, also cleared the proposal of Decat...

Continue Reading...

Category : Finance | Comments : 0 | Hits : 262

The government has brought under theCompanies Act foreign companies that operate in the electronic mode but are not registered in India so as to safeguard consumer interest. The move comes against the backdrop of certain foreign entities conducting online activities in India without gettin...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 261

The e-Filing Call Center (Toll Free – 1800 4250 0025) will be functioning 24/7(Including Saturday and Sunday), during the month of March 2013....

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 354

Market regulator Securities and Exchange Board of India (Sebi) has asked all listed companies to use electronic mode for making cash payments to investors, a move that would help check misuse of funds. The Sebi in a circular said that listed companies can utilise electronic payment modes approved b...

Continue Reading...

Category : SEBI | Comments : 0 | Hits : 251

Penal action has been taken against 578 companies in the last three years for irregularities in their balance sheets, government said today. Prosecutions were filed against 54 companies and their officers in the year 2011-12, Minister of Corporate Affairs Sachin Pilot informed th...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 406

The Reserve Bank today asked banks to keep open their designated tax collecting branches on March 29, 30, 31 to facilitate tax collection. March 29 is a holiday on account of Good Friday while March 31 is Sunday. "We have been requested by the Government of India and so...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 275

The Reserve Bank today sought to downplay the money-laundering allegations against three private sector banks, saying the country has a "perfect" system to prevent such offences and that not a single such transaction took place in the sting operation. The country's three largest private banks -- IC...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 341

Tamil Nadu Government today presented a tax-free budget for 2013-14, proposing 'prudent fiscal management". The state government came heavily on the Union Government for not taking any steps to control fiscal deficit and to boost the growth. Finance Minister O Panneerselvam, who presented the budge...

Continue Reading...

Category : Budget | Comments : 0 | Hits : 349

The Supreme Court awarded five years jail sentence to the actor Sanjay Dutt in the 1993 Mumbai blasts case.   Dutt had been given six years jail term by the TADA court. The SC reduced his sentence to five years. As Dutt has already spent 18 months in jail, he will have to spend three year...

Continue Reading...

Category : General | Comments : 0 | Hits : 387

This is to inform you all regarding 2013 Guidance Note on Audit of Banks as also reporting in respect of total numberand amounts of debits/ credits pursuant to Memorandum of Changes issued by the bank branch auditors and reporting thereof under the “Other Matters”&nbs...

Continue Reading...

Category : Auditing | Comments : 0 | Hits : 1375

Extending relief to small traders in the budget presented on Wednesday, Delhi Chief Minister Sheila Dikshit announced proposal to raise the threshold limit for registration under VAT from Rs 10 lakh to 20 lakh. While announcing the sop, Sheila claimed that Delhi is the first state in the country to...

Continue Reading...

Category : Budget | Comments : 1 | Hits : 688

No new tax was levied and chilly spray, desi ghee and LED lights will be cheaper with Delhi government today proposing to reduce or eliminate VAT on them in its budget which focussed on social sector in an election year as Congress seeks a record 4th term in power.   Prese...

Continue Reading...

Category : Budget | Comments : 0 | Hits : 317

Hindustan Times cuts through the jargon and jugglery of the statistics-loaded budget and brings out the key phrases, personalities and political expedients that shaped finance minister Parminder Singh Dhindsa's budget, laying out the SAD-BJP government's growth roadmap for the year ahead. ...

Continue Reading...

Category : Budget | Comments : 0 | Hits : 429

There is a 30 per cent rise in students vying to pursue a career in company secretaryship in the last three years, according to president of Council of Institute of Company Secretaries of India CS S N Ananthasubramanian.   Addressing reporters here on Monday, he said in the last three years, ...

Continue Reading...

Category : ICSI | Comments : 0 | Hits : 398

In a move that would help boost flow of overseas funds into Indian capital markets, regulatorSebi today allowed FIIs to offer government securitiesand corporate bonds as collaterals for their cash and derivative transactions on the stock exchanges. FIIs were so far permitted...

Continue Reading...

Category : SEBI | Comments : 0 | Hits : 194