DoT seeks bids from CA Firms to conduct Special Audit
Posted Date : 10-Nov-2015 , 11:06:59 am | Posted By CASANSAAR
The Department of Telecom (DoT) has come out with a tender to select CA firms to conduct special audit of mobile operators from 2008 onwards.
According to an official, the last date to apply is November 24 and the selection of the firm is likely to be completed in two months.
"It will tak...
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CA Firms |
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Compulsory report on annual general meetings within 48 hours: SEBI
Posted Date : 10-Nov-2015 , 09:09:48 am | Posted By CASANSAAR
Market regulator SEBI on Wednesday said companies need to make disclosures to stock exchanges within 48 hours about the number of shareholders attending its annual general or special meeting as well as the mode of voting in the prescribed format.
Effective from December 1 this year, the...
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SEBI |
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Indirect tax collection up 36% in first seven months
Posted Date : 10-Nov-2015 , 09:02:37 am | Posted By CASANSAAR
Excise duty rises on oil, along with a couple of other measures, pushed up indirect tax collection by 36.8 per cent to Rs 58,691 crore in October and 35.9 per cent to Rs 3.82 lakh crore in the first seven months (April to October) of the current financial year, official data showed on Monday.
How...
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General |
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Govt Approves Four (4) Proposals of Foreign Direct Investment (FDI) Amounting to Rs. 384.45 Crore Approx
Posted Date : 10-Nov-2015 , 08:20:00 am | Posted By CASANSAAR
Based on the recommendations of Foreign Investment Promotion Board(FIPB) in its Meeting held on 19.10.2015, the Government of India has approved four (04) proposals of Foreign Direct Investment (FDI) amounting to Rs. 384.45 crore.
...
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Income Tax |
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0 | Hits : 774
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RBI allows Internet Banking Facility for co-op banks
Posted Date : 08-Nov-2015 , 11:16:48 pm | Posted By CASANSAAR
As some of the State Cooperative Banks and DCCBs have requested for permission to offer Internet Banking facility, RBI has decided to allow StCBs and DCCBs to extend the facility of internet banking to their customers. So far these were not allowed to provide internet banking facilities to their cus...
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RBI |
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Income-Tax Dept launches official Twitter handle
Posted Date : 08-Nov-2015 , 11:10:53 pm | Posted By CASANSAAR
The Income Tax Department has launched its official account on micro-blogging site Twitter with the handle "incometaxindia". CASANSAAR already on Twitter with the handle "casansaar"
The first tweet of the income tax department read: "Follow us to stay updated on the lat...
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Income Tax |
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0 | Hits : 959
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Bihar election results: SEBI, Stock exchanges beef up risk management systems
Posted Date : 08-Nov-2015 , 11:03:57 pm | Posted By CASANSAAR
To ring-fence the capital markets from any possible systemic issues and manipulations, regulator Sebi and the stock exchanges have beefed up their surveillance and risk management systems to tackle expected volatility in markets due to trouncing of BJP-led alliance in Bihar polls.
The Biha...
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SEBI |
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Polling Booth Detail for ICAI Election - Northern Region
Posted Date : 08-Nov-2015 , 02:35:06 pm | Posted By CASANSAAR
Check your Polling Booth Detail for ICAI Election - Northern Region.
Click on the link & Enter your Membership No. (MRN) without useing zero before that. i.e. if your
Membership no. is 2134 then dont use 002134, only enter 2134
or if your
Membership no. is 98765 the...
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ICAI Election |
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0 | Hits : 2940
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Draft Interpretation on Foreign Currency Transactions and Advance Consideration - ICAI
Posted Date : 07-Nov-2015 , 09:01:37 am | Posted By CASANSAAR
Draft Interpretation published by the IFRS Interpretations Committee for comment only. Comments on the Draft Interpretation need to be received by December 21, 2015.
The International Accounting Standards Board’s IFRS Interpretations Committee (‘Interpretations Committee’)...
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ICAI |
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0 | Hits : 1052
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Draft Interpretation on Uncertainty over Income Tax Treatments - ICAI
Posted Date : 07-Nov-2015 , 08:58:46 am | Posted By CASANSAAR
Draft Interpretation published by the IFRS Interpretations Committee for comment only. Comments on the Draft Interpretation need to be received by December 21, 2015.
The International Accounting Standards Board’s IFRS Interpretations Committee (‘Interpretations Committee’)...
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Income Tax |
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0 | Hits : 857
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Govt decides to impose a Swachh Brarat Cess @ 0.5% on all services presently liable to service tax, wef 15/11/2015
Posted Date : 07-Nov-2015 , 08:55:02 am | Posted By CASANSAAR
Swachh Bharat Cess is not another tax but a step towards involving each and every citizen in making contribution to Swachh Bharat. In this direction, the Government has decided to impose, with effect from 15th November 2015, a Swachh Brarat Cess at the rate of 0.5% on all services, which are present...
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Service Tax |
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Now Income Tax Officials Will Be Assessed in a New Way
Posted Date : 07-Nov-2015 , 08:48:57 am | Posted By CASANSAAR
Prime Minister Narendra Modi on Friday said the Income Tax Department will introduce a system of online scrutiny of returns and modify the performance appraisal pro forma of officials with a view to motivating them to pass correct orders and also check corruption.
Stating that the government is t...
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Income Tax |
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0 | Hits : 1250
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Prime Minister launches three gold related scheme
Posted Date : 06-Nov-2015 , 08:52:50 am | Posted By CASANSAAR
The Prime Minister, Shri Narendra Modi, launched three gold related schemes at a function here today.
The schemes are – Gold Monetization Scheme, Sovereign Gold Bond Scheme, and India Gold Coins.
On the occasion, the Prime Minister Shri Narendra Modi described the schemes as ...
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Category :
General |
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0 | Hits : 1215
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RBI imposes Rs 1 cr penalty on Dhanlaxmi Bank
Posted Date : 06-Nov-2015 , 08:50:28 am | Posted By CASANSAAR
The Reserve Bank has imposed Rs 1 crore penalty on Dhanlaxmi Bank for violation of Know Your Customer (KYC) and Anti Money Laundering (AML) norms.
It had issued a Show Cause Notice to the bank for not complying with KYC and AML guidelines “in respect of a current account under investigati...
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RBI |
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RBI issues operational guidelines for Sovereign Gold Bonds
Posted Date : 05-Nov-2015 , 08:34:26 am | Posted By CASANSAAR
Reserve Bank of India on Wednesday said multiple joint holders and nominees (of first holder) are permitted under the Sovereign Gold Bonds, 2015-16, scheme.
In its operational guidelines for the Bonds, the RBI said necessary details in this regard should be obtained by sched...
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RBI |
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0 | Hits : 1356
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New stringent corporate laws make CFOs, auditors quit companies
Posted Date : 05-Nov-2015 , 08:33:16 am | Posted By CASANSAAR
The chief financial officer of a BSE-listed infrastructure company recently quit his job within months of joining, fearing he could be prosecuted because his employer — part of a group that has half a dozen other listed firms —was fabricating its accounts.
"They literally m...
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Corporate Law |
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25% reduction in corporate tax to begin from next Budget: FM
Posted Date : 05-Nov-2015 , 08:28:05 am | Posted By CASANSAAR
The government in the next few days will come out with a list of exemptions that would go as part of the plan to gradually reduce corporate tax to 25%, the first tranche of which will be announced in the Budget in February, Finance Minister Arun Jaitley said on Wednesday.
Th...
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Income Tax |
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0 | Hits : 739
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SEBI issues format for board meeting voting results
Posted Date : 05-Nov-2015 , 08:15:15 am | Posted By CASANSAAR
Capital markets regulator Sebi on Wednesday asked listed firms to make disclosure, within 48 hours of the board meeting, about the number of shareholders who attended such meeting and mode of voting within the prescribed format.
The new norms will come into force with effect from December 1. In...
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SEBI |
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0 | Hits : 788
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Summary of the Recommendations of the Bankruptcy Law Reforms Committee (BLRC)
Posted Date : 05-Nov-2015 , 08:10:53 am | Posted By CASANSAAR
Following is the Summary of the Recommendations of the Bankruptcy Law Reforms Committee (BLRC)
The Report of the BLRC is in two parts:
Rationale and Design/Recommendations;
A comprehensive draft Insolvency and Bankruptcy Bill covering all entities.
The draft Bill ...
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Category :
Banking |
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0 | Hits : 963
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CBDT clarifies on interest earned by banks on investments in non-SLR securities
Posted Date : 04-Nov-2015 , 08:58:50 am | Posted By CASANSAAR
Accepting the Supreme Court’s stance, the Central Board of Direct Taxes (CBDT) has clarified that interest earned by banks on investments in “non-SLR” securities will be taxed only as “business income”, not as “income from other sources”.
The fallout of...
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CBDT |
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0 | Hits : 1031
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PM to Launch Gold Related Schemes on 5th November, 2015
Posted Date : 04-Nov-2015 , 08:44:07 am | Posted By CASANSAAR
The Prime Minister Shri Narendra Modi will launch the four mega Gold related Schemes i.e. Gold Monetisation Scheme (GMS), Gold Sovereign Bond Scheme, Gold Coin Scheme and the Gold Bullion Scheme on Thursday, 5th November, 2015 in the national capital.
The salient features of each of the afor...
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Category :
Finance |
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0 | Hits : 901
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SIT asks MCA to take action against persons holding directorship in more 20 companies
Posted Date : 04-Nov-2015 , 08:37:16 am | Posted By CASANSAAR
Among others Special Investigation Team (SIT) calls for greater vigilance by law enforcement and intelligence agencies while examining the cases of persons holding Directorship in more than 20 Companies and where more than 20 companies are operating from the same address
The Speci...
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Companies Act |
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0 | Hits : 1044
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Four public sector banks get CEOs
Posted Date : 04-Nov-2015 , 08:23:18 am | Posted By CASANSAAR
The Finance Ministry has appointed chief executives in four public sector banks (PSBs) — Andhra Bank, Indian Bank, Corporation Bank, and UCO Bank.
Earlier in mid-August, private sector bankers were appointed to head five PSBs — Bank of Baroda, Bank of India, Punjab National Bank, Ca...
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Banking |
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0 | Hits : 1079
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Do not share personal data over phone, email: I-T dept to taxpayers
Posted Date : 03-Nov-2015 , 09:19:38 pm | Posted By CASANSAAR
The Income Tax department on Tuesday issued an advisory asking taxpayers not to share their personal financial details over email or phone and urged them to register a complaint in case they face such malicious attempt.
The advisory has come at a time when income tax returns (ITRs) fi...
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Income Tax |
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1 | Hits : 1070
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Deepak Singhal Appointed Executive Director of RBI
Posted Date : 03-Nov-2015 , 08:18:47 am | Posted By CASANSAAR
The Reserve Bank has appointed Deepak Singhal as Executive Director with effect from Monday.
"Deepak Singhal has taken over as the new Executive Director at the Reserve Bank of India today, November 2, 2015," RBI said in a communication.
Prior to this, Mr Singhal was the Regional Dir...
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RBI |
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CVC seeks info from Finmin on SEBI member appointment
Posted Date : 03-Nov-2015 , 08:12:41 am | Posted By CASANSAAR
The chief vigilance commissioner (CVC) has written to the finance ministry, asking whether vigilance clearance was granted to Prashant Saran, the whole-time member of the Securities and Exchange Board of India (Sebi). The said query was on the period when the member’s tenure came up for renewa...
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SEBI |
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Audit and consultancy firm PwC India roped in to beef up Aadhaar security
Posted Date : 03-Nov-2015 , 08:07:19 am | Posted By CASANSAAR
With concerns related to privacy and security threatening the very existence of the Aadhaar project, the Unique Identification Authority of India (UIDAI) has employed the services of an external agency to carry out periodic audits of Aadhaar's infrastructure as well as that of its partners for a...
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Auditing |
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Tax evasion, money laundering to become difficult in next 1-2 years: FM
Posted Date : 03-Nov-2015 , 07:56:24 am | Posted By CASANSAAR
Finance Minister Arun Jaitley today said tax evasion and money laundering will become “extremely difficult” in the next 1-2 years, with real-time global automatic exchange of information system coming into effect.
“I am quite certain that the activity is going on in ...
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Income Tax |
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0 | Hits : 929
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Election Manifesto of KHURANA VIVEK - NIRC B. NO. 40
Posted Date : 02-Nov-2015 , 10:51:18 am | Posted By CASANSAAR
Respected Professional Collegues,
Plz find below Election Manifesto of CA.KHURANA VIVEK (Founder of www.casansaar.com) who are contesting for NIRC Election of ICAI to be held on 4th -5th December 2015.
His NIRC Ballot No. is 40, We seeks your Vote, Support & Blessings for Him.
...
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ICAI Election |
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0 | Hits : 1976
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ED, RBI asked to probe FDI norm violation by e-tailers
Posted Date : 02-Nov-2015 , 09:14:53 am | Posted By CASANSAAR
The Union Commerce Ministry has reportedly requested the Enforcement Directorate (ED) and the Reserve Bank of India (RBI) to examine whether e-commerce firms like Flipkart, Amazon and Snapdeal have violated foreign direct investment (FDI) rules by engaging in business-to-consumers (B2C) activity.
...
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Finance |
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0 | Hits : 922
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