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ICAI Elections 2012 - Updates on Counting of Votes (NORTHERN REGION)
Posted Date : 17-Mar-2015 , 07:16:24 am | Posted By CASANSAAR

Opening of Ballot Boxes & Postal Ballots for elections to Central Council & Regional Council - Northern Region, to Commence at 11:00 AM on Tuesday, the 1st January,2013. ...

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Category : ICAI | Comments : 0 | Hits : 1303

ICAI Elections 2012 - LIVE Updates on Counting of Votes Northern Region - CENTRAL COUNCIL (CC)
Posted Date : 17-Mar-2015 , 07:15:35 am | Posted By CASANSAAR

NORTHERN REGION - CENTRAL COUNCIL (CC).     S.NO. AS PER ICAI NAME OF CANDIDATE FIRST PREF. VOTES TOTAL VOTES   RESULT 1 AGARWAL M K   ...

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Category : ICAI | Comments : 0 | Hits : 9389

ICAI Elections 2012 - LIVE Updates on Counting of Votes Northern Region - REGIONAL COUNCIL (NIRC)
Posted Date : 17-Mar-2015 , 07:15:20 am | Posted By CASANSAAR

NORTHERN REGION - REGIONAL COUNCIL (NIRC)     S.NO. AS PER ICAI NAME OF CANDIDATE FIRST PREF. VOTES TOTAL VOTES   RESULT 1 AGRWAL HARIT ...

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Category : ICAI | Comments : 0 | Hits : 17854

Declaration of Candidature by CA Vivek Khurana for NIRC Elections
Posted Date : 17-Mar-2015 , 07:07:15 am | Posted By CASANSAAR

CA Vivek Khurana has declared his candidature for the Regional Council Elections (NIRC) of ICAI.   CA Vivek Khurana, Founder of casansaar.com, a renowned website is a practicing Chartered Accountant and fellow member of ICAI.   Mr. Khurana is a Partner of Khurana Vivek & Co...

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Category : ICAI Election | Comments : 1 | Hits : 2429

Sebi warns to listed companies to appoint woman directors by March-end
Posted Date : 16-Mar-2015 , 03:45:31 pm | Posted By CASANSAAR

The Securities and Exchange Board of India (Sebi) has shot off a fresh warning to listed companies to appoint, at least, one woman director on their Boards by the April 1 deadline failing which they would face regulatory action. The market regulator was informed by the stock exchanges that close to ...

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Category : SEBI | Comments : 0 | Hits : 528

ICAI provides clarity on auditor's fraud reporting norms
Posted Date : 16-Mar-2015 , 08:07:39 am | Posted By CASANSAAR

In a new guidance to auditors on reporting suspected frauds, ICAI has asked them to apply "professional skepticism" before flagging such cases to the government and take into account the measures already taken by the companies internally.  In a detailed guidance note on reporting o...

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Category : ICAI | Comments : 0 | Hits : 724

Govt moves to tighten audit norms in rural job scheme
Posted Date : 16-Mar-2015 , 07:43:27 am | Posted By CASANSAAR

The Narendra Modi government has moved to plug leakages in the rural job scheme, tightening norms for social audit of the programme to ensure speedy follow-up on their findings.  The move comes a fortnight after the prime minister called the scheme “a living reminder” of fai...

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Category : Auditing | Comments : 0 | Hits : 436

ICAI will take disciplinary action against arrested CA, PwC official questioned
Posted Date : 15-Mar-2015 , 11:08:17 pm | Posted By CASANSAAR

Chartered accountants’ apex body ICAI today said it will initiate necessary disciplinary action against member Khemchand Gandhi, who has been arrested by the CBI for allegedly leaking “secret” government documents, after receiving details from the investigative agency. The Ins...

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Category : ICAI | Comments : 0 | Hits : 1195

Corporate espionage: CBI names consultancy firm PwC as a suspect
Posted Date : 15-Mar-2015 , 01:28:51 pm | Posted By CASANSAAR

An official of a high profile consultancy group has come under CBI scanner in connection with its probe into the alleged sale of confidential government records on foreign investment policies to corporate groups by officials. CBI sources said that during the questioning of five arrested persons i...

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Category : Chartered Accountant | Comments : 0 | Hits : 978

ICAI Constitutes Expert Panel for Addressing Bank Branch Audit Queries for FY 2014-15
Posted Date : 14-Mar-2015 , 10:16:21 pm | Posted By CASANSAAR

Dear Members, The bank branch 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,...

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Category : Bank Branch Audit | Comments : 0 | Hits : 1220

Updates on allotment of Statutory Bank Branch Audits
Posted Date : 14-Mar-2015 , 04:03:01 pm | Posted By CASANSAAR

Banks has start sending emails for Bank Branch Statutory Audits.   Mails received from following Banks as per our confirmation.   Syndicate Bank Canara Bank Bank of Baroda  Bank of India Union Bank of India Punjab National Bank UCO Bank Allahabad ...

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Category : Bank Branch Audit | Comments : 0 | Hits : 29995

Corporate Espionage: CBI conducts more raids Law Firm, CA Firms
Posted Date : 14-Mar-2015 , 11:10:10 am | Posted By CASANSAAR

Widening its probe in the corporate espionage scandal, the Central Bureau of Investigation (CBI) on Friday searched the premises of another CA firms and a law firm in Mumbai for allegedly acting as intermediaries to pass on sensitive information from government officials to corporate ...

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Category : CA Firms | Comments : 0 | Hits : 811

Total NPAs of banks increase to Rs 3,00,611 crore
Posted Date : 14-Mar-2015 , 08:44:39 am | Posted By CASANSAAR

The Non Performing Assets (NPAs) of the banks in the country stood at Rs 3,00,611 crore as on December 2014, government told Lok Sabha Friday, attributing the increase of NPAs to sluggishness in growth. Of the total NPAs, Rs 2,62,402 crore belonged to nationalised banks, Rs 38,209 belonged to pri...

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Category : NPA | Comments : 0 | Hits : 514

High court picks holes in hospital’s charity claim, says pay income tax
Posted Date : 14-Mar-2015 , 08:41:21 am | Posted By CASANSAAR

The Bombay high court refused any relief to a hospital run by Yash Society, a charitable trust of the Birla group, that was seeking income tax exemption on the grounds that it was running a philanthropic institution. A division bench of Justice M S Sanklecha and Justice G S Kulkarni questioned th...

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Category : Income Tax | Comments : 0 | Hits : 554

Service of MCA Portal will not be available on 14-03-2015
Posted Date : 13-Mar-2015 , 08:41:58 am | Posted By CASANSAAR

Services on MCA (www.mca.gov.in) portal will not be available from 08:00 AM to 06:00 PM on Saturday, 14th March 2015. We regret the inconvenience caused and request the stakeholders to plan accordingly.- MCA ...

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Category : MCA | Comments : 0 | Hits : 484

MNCs face retro tax notice after tax notice to Cairn India
Posted Date : 13-Mar-2015 , 08:31:40 am | Posted By CASANSAAR

Even after the government clarified that multinational companies in India do not have to pay retrospective tax, sword is still hanging on more than 500 MNCs whose underlying assets are in India. The income tax department is doing reassessment of all retrospective tax cases that a...

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Category : Income Tax | Comments : 0 | Hits : 533

Corporate Espionage : CBI nabs govt officials, CA for selling confidential paper to corporates
Posted Date : 13-Mar-2015 , 08:16:55 am | Posted By CASANSAAR

Busting a major ring of a well known CA and government servants, CBI has registered a case of alleged sale of confidential documents related to foreign investment policies which were passed on to major corporate groups of the country.   CBI sources said a major coordinated search operation ...

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Category : CA | Comments : 0 | Hits : 798

Jet Airways faces IT dept scrutiny over TDS defaults
Posted Date : 13-Mar-2015 , 07:42:56 am | Posted By CASANSAAR

Income Tax authorities have slapped a prosecution notice on the Naresh Goyal-promoted Jet Airways for alleged default in payments of tax deduction at source (TDS), official sources said on Thursday. The notice was served to the Mumbai-headquartered airline after tax personnel said ...

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Category : TDS | Comments : 0 | Hits : 576

Parliament clears long-pending Insurance Bill
Posted Date : 12-Mar-2015 , 10:40:53 pm | Posted By CASANSAAR

Parliament on Thursday approved the NDA government's first major economic reform measure as the long-pending bill providing for raising foreign investment cap to 49 per cent in insurance was passed by Rajya Sabha after main opposition Congress and some other parties came on board. ...

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Category : Finance | Comments : 0 | Hits : 316

Draft Guidelines for Issuing Secretarial Audit Report, Signing and Certification of Annual Return - ICSI
Posted Date : 12-Mar-2015 , 12:05:49 pm | Posted By CASANSAAR

Draft Guidelines for Issuing Secretarial Audit Report, Signing and Certification of Annual Return - ICSI. In exercise of the powers conferred by Clause (1) of Part II of the Second Schedule to the Company Secretaries Act, 1980 (56 of 1980), as amended by the Company Secretaries (Amendment) Act, 2...

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Category : ICSI | Comments : 0 | Hits : 653

ICAI to host two-day Asian Summit on healthcare cost management
Posted Date : 12-Mar-2015 , 08:53:07 am | Posted By CASANSAAR

The Institute of Cost Accountants of India (ICAI) will be organizing an Asian Summit on Health Care Cost Management on the theme "Touching Lives through Cost Management in Health Care" on March 12 and 13 in New Delhi. One of the important objectives of Govern...

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Category : ICAI | Comments : 0 | Hits : 483

RBI issues new norms for sale of bad loans (NPA)
Posted Date : 12-Mar-2015 , 08:48:30 am | Posted By CASANSAAR

In a boost to banks, which are facing rising asset quality issues, the Reserve Bank of India, on Wednesday, allowed such lenders to reverse the excess provision on sale of bad loans to their profit and loss account, provided the transaction took place before February 26, 2014. The central bank ...

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Category : NPA | Comments : 0 | Hits : 796

TDS by co-operative banks will HASSLE small depositors
Posted Date : 12-Mar-2015 , 08:39:34 am | Posted By CASANSAAR

Co-operative banks will be required to deduct TDS if the interest they pay to a depositor, who is also a member (shareholder) of these banks, exceeds ₹10,000 in a financial year. In this regard, the Finance Bill 2015-16 has proposed an amendment to Section 194A of the Income Tax Act (rela...

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Category : TDS | Comments : 0 | Hits : 619

Stop collecting service tax from pilgrims in Bodh Gaya: HC
Posted Date : 12-Mar-2015 , 08:28:42 am | Posted By CASANSAAR

The Patna high court on Wednesday directed the government to stop collecting service tax from pilgrims at Bodh Gaya.  A division bench of Chief Justice L Narasimha Reddy and Justice Vikas Jain, while hearing a PIL, also ordered constitution of a committee under the supervision of Bihar State...

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Category : Service Tax | Comments : 0 | Hits : 419

Banks Can Raise Funds From Market to Meet Capital Needs - FinMin
Posted Date : 11-Mar-2015 , 06:51:19 pm | Posted By CASANSAAR

The government today said it has limited fiscal space to recapitalise PSU banks and they can raise funds from the market to meet their capital needs.   "The government doesn't have space to give Rs. 20,000 crore or 25,000 crore (for capital infusion) ... If banks require fu...

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Category : Banking | Comments : 0 | Hits : 331

Pay TDS by March 31, Income Tax department requests companies
Posted Date : 11-Mar-2015 , 08:26:56 am | Posted By CASANSAAR

The tax office is exploring all avenues to mop up revenue collection before March 31. In an unusual development, hundreds of companies have received letters from the income-tax department, "requesting" them to deposit the amount from tax deductions before the financial year closes — ...

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Category : TDS | Comments : 0 | Hits : 1336

Top 10 borrowers account for Rs 28K cr of PSU banks' NPA
Posted Date : 11-Mar-2015 , 08:20:35 am | Posted By CASANSAAR

The top 10 borrowers account for Rs 28,152 crore of non performing assets (NPAs) of the state-owned banks,Parliament was informed today.  As many as 433 borrowers have taken loans of over Rs 1,000 crore and above amounting to Rs 16.31 lakh crore, Minister of State for Finance Jayant Sin...

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Category : NPA | Comments : 0 | Hits : 842

Audit of social sector schemes a must: CAG
Posted Date : 11-Mar-2015 , 08:07:35 am | Posted By CASANSAAR

Comptroller and Auditor General Shashi Kant Sharma on Tuesday emphasized on the need for mandatory social audit of social sector schemes as they lacked transparency and accountability.  Speaking at a conference on social audit here,the CAG said expenditure of central and state governments th...

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Category : Auditing | Comments : 1 | Hits : 544

Income Tax Dept slaps $1.6 bn tax demand on Cairn Energy
Posted Date : 11-Mar-2015 , 08:03:08 am | Posted By CASANSAAR

Income Tax Department has slapped a Rs 10,247 crore (USD 1.6 billion) tax demand on Cairn Energy Plc, which termed the action as “very disappointing” and said it would contest the order. The tax demand relates to an alleged Rs 24,500 crore worth capital gains it made in 2006 while t...

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Category : Income Tax | Comments : 0 | Hits : 409

Income tax refunds of Rs 1.19 lakh crore pending in last 3 years
Posted Date : 10-Mar-2015 , 09:16:36 pm | Posted By CASANSAAR

Income tax refunds to the tune of over Rs 1.19 lakh crore is pending for the last three fiscals, starting 2012-13, Parliament was informed on Tuesday.  "Income-tax refunds amounting to Rs 1,19,964.13 crore relating to last three assessment years are pending as on March 5, 2015,&quo...

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Category : Income Tax Refund | Comments : 0 | Hits : 736

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