CBDT to clarify on bank a/c disclosures under black money law
Posted Date : 17-Aug-2015 , 09:49:55 pm | Posted By CASANSAAR
Finance Ministry in the second set of FAQs on the black money compliance window is likely to clarify on the period for which foreign bank account details have to be provided after concerns were expressed in some quarters over the availability of records beyond a few years.
In the Freque...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1052
|
 |
Government Advances the Budget Formulation Exercise by over Two Months for the Financial Year 2016-17
Posted Date : 17-Aug-2015 , 09:45:49 pm | Posted By CASANSAAR
In consonance with the objective of the Government of India to have wider consultations with various stakeholders as well as to provide more time for planners, it has been decided to start the Budget exercise by middle of August, 2015 for the forthcoming Financial Year 2016-17.
The Budget c...
Continue Reading...
Category :
Budget |
Comments :
0 | Hits : 951
|
|
CBDT Constitutes Committee To Fine Tune Transfer Policy
Posted Date : 16-Aug-2015 , 10:32:38 pm | Posted By CASANSAAR
In view of large scale cadre restructuring being effected in the Income Tax department recently, the CBDT has constituted a committee to review the existing transfer and posting policy in the organisation.
The restructuring has brought about large scale changes in the jurisdiction of I-T ...
Continue Reading...
Category :
CBDT |
Comments :
0 | Hits : 1040
|
|
In Run-Up to GST, Finance Ministry Rechristens Service Tax Directorate
Posted Date : 16-Aug-2015 , 10:27:24 pm | Posted By CASANSAAR
Even as the Modi government is yet to cross the Parliamentary hurdle before it can roll out a uniform tax regime, it has rechristened Mumbai-based Directorate General of Service Tax as Directorate General of Goods and Service Tax (DGGST), and shifted it to Delhi.
The move follows a decision by Ce...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1175
|
|
Wishing You a Very Happy Independence Day
Posted Date : 15-Aug-2015 , 08:48:58 am | Posted By CASANSAAR
Freedom Of Speech;
Independence To Grow;
Equality Of Everybody;
Liberty Of Mind And Thought;
And Tolerance Towards Others.
Let's Thanks All The Great Souls
Who Made This India Possible For Us.
Happy Independence Day!!!
&...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 892
|
|
Govt announces MD & CEO and Non-Executive Chairman of 5 Public Sector Banks (PSBs)
Posted Date : 14-Aug-2015 , 09:23:21 pm | Posted By CASANSAAR
The Government decided to separate the post of Chairman and Managing Director by prescribing that in the subsequent vacancies to be filled up the CEO will get the designation of MD & CEO and there would be another person who would be appointed as non-Executive Chairman of PSBs. This approa...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 2208
|
|
Govt conciliatory on GST after session wash out
Posted Date : 14-Aug-2015 , 09:02:06 pm | Posted By CASANSAAR
A day after monsoon session came to an acrimonious end, government on Friday struck a conciliatory note saying it would talk to all parties to ensure passage of GST Bill and appealed to them to "bury the past" as any delay to enact the law would hurt the national interests. ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 758
|
|
Verification of all lawyers soon - Law Minister
Posted Date : 14-Aug-2015 , 08:16:39 am | Posted By CASANSAAR
The Bar Council of India has introduced an exhaustive mechanism for ascertaining fake and non-practicing lawyers and with that purpose it has already framed the BCI certificate and Place of Practice (verification) Rules 2015, law minister Sadananda Gowda said on Thursday.
The minister said ...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 1346
|
|
RBI to transfer Rs 65,896 cr surplus to govt
Posted Date : 14-Aug-2015 , 07:48:37 am | Posted By CASANSAAR
Reserve Bank of India will transfer its surplus profit of 65,896 crore rupees to the Centre. This amount is 25 percent higher than previous year. RBI’s Central Board of Directors met in Mumbai yesterday and approved the transfer of surplus amount for the year ended June 30, 2015. The Reserve B...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 973
|
|
Govt mulls special session of Parliament to pass GST Bill
Posted Date : 13-Aug-2015 , 09:05:09 am | Posted By CASANSAAR
With just two days left of the Monsoon Session of Parliament, the government is making a last-minute effort to find a way to get parliamentary approval for the Goods and Services Tax (GST) Bill.
If the bill is not passed in Rajya Sabha in these two days, the government could call a short specia...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1128
|
|
After CAG rap, CBDT asks its audit wing to plug holes
Posted Date : 13-Aug-2015 , 08:56:31 am | Posted By CASANSAAR
After reports of deficiencies in assessment orders of top corporate cases, the Central Board of Direct Taxes (CBDT) has asked its internal audit wing to take up top 100 cases under each commissioner to mandatorily audit their assessment orders every year.
The Comptroller and Auditor General...
Continue Reading...
Category :
CBDT |
Comments :
0 | Hits : 1092
|
|
Haryana asks dealers to submit correct PAN details for GST
Posted Date : 13-Aug-2015 , 08:36:15 am | Posted By CASANSAAR
Even as the GST roll-out from next fiscal remains "unclear", the Haryana government has asked traders to furnish correct Permanent Account Number (PAN) details for the allotment of Goods and Services Tax Identification Number (GSTIN).
The move comes as part of state gove...
Continue Reading...
Category :
PAN |
Comments :
0 | Hits : 950
|
|
Pay income tax dues in advance at RBI or authorised bank branches - RBI
Posted Date : 13-Aug-2015 , 08:30:10 am | Posted By CASANSAAR
Reserve Bank on Wednesday asked income tax assessees to pay theirincome tax dues in advance at RBI or any authorised bank branches including that of SBI, ICICI, HDFC Bank, PNB and Axis Bank.
It has been observed that rush for remitting income tax dues through the RBI ha...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1092
|
|
India-born Sundar Pichai appointed the new CEO of Google
Posted Date : 12-Aug-2015 , 08:50:01 am | Posted By CASANSAAR
India-born Sundar Pichai has been named CEO of Google as part of a surprise corporate overhaul that saw the search giant forming a new parent company called Alphabet Inc.
Pichai, 43, the current company vice-president, has worked on some of the company's best-known products, from the Ch...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 1117
|
|
Facility for Downloading the Statements of Marks relating to Intermediate (IPC) Examination held in May, 2015 - ICAI
Posted Date : 12-Aug-2015 , 08:30:37 am | Posted By CASANSAAR
11th August, 2015Statements of Marks relating to Intermediate (IPC) Examination held in May, 2015
Physical copies of statement of marks in respect of Intermediate (IPC) Examination held in May, 2015, in the standard printed stationery are under dispatch, in the normal course.
In addition to th...
Continue Reading...
Category :
CA Exams |
Comments :
0 | Hits : 1114
|
|
SC says Aadhar not mandatory for availing welfare schemes of govt
Posted Date : 11-Aug-2015 , 09:44:21 pm | Posted By CASANSAAR
The Supreme Court today ruled that Aadhar is not mandatory for availing various welfare schemes of the government. The court made it clear that even for availing facilities PDS, kerosene and LPG distribution system the card will not be mandatory. It barred the authorities from sharing personal biome...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 846
|
|
SEBI notifies Fast-Track route for share sales
Posted Date : 11-Aug-2015 , 09:42:48 pm | Posted By CASANSAAR
To boost fund raising from markets, Sebi today notified new norms, which will provide all listed companies a 'fast-track' route for share sales.
As per the new norms, firms in which public shareholders own stocks worth Rs 1,000 crore will now be able to access this route through a f...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 937
|
|
GST rollout difficult from April if bill not passed now
Posted Date : 11-Aug-2015 , 09:40:50 pm | Posted By CASANSAAR
It will become "very difficult" to roll out the new indirect tax regime by the April 2016 target if GST bill is not passed in the current session of Parliament, Chairman of Empowered Committee of State Finance Ministers K M Mani said on Tuesday.
He added however that in case the passage...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 825
|
|
Supreme Court stays levy of service tax on lawyers
Posted Date : 11-Aug-2015 , 07:45:19 am | Posted By CASANSAAR
The Supreme Court on Monday stayed the Bombay high court order dismissing a challenge to the levy of service tax on lawyers.
A bench comprising chief justice H.L. Dattu, justice Amitava Roy and justice Arun Mishra tagged the matter with similar petitions before the apex court. It also stayed th...
Continue Reading...
Category :
Service Tax |
Comments :
1 | Hits : 1952
|
|
Govt lists GST Bill for passage in Rajya Sabha today
Posted Date : 11-Aug-2015 , 07:40:41 am | Posted By CASANSAAR
The government will today bring the much-awaited bill on GST for passage in the Rajya Sabha even as doubts persist if the Opposition Congress will allow passage of the Constitution Amendment Bill.
The Revised List of Business of Rajya Sabha said Finance Minister Arun Jaitley will move...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 961
|
|
Indian Railway Finance Corporation (IRFC) to Issue Rs 6,000-Cr Tax-Free Bonds
Posted Date : 11-Aug-2015 , 07:28:24 am | Posted By CASANSAAR
Indian Railway Finance Corporation (IRFC) would raise Rs 6,000 crore through tax-free bonds in the current fiscal year, the Lok Sabha was informed on Monday.
IRFC has been authorised by the Railway Ministry to issue tax-free bonds for a total amount of Rs 6,000 crore during FY16 through public is...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 936
|
|
No extension of black money compliance window - CBDT
Posted Date : 11-Aug-2015 , 07:18:30 am | Posted By CASANSAAR
The government on Monday sought to deliver a strong message to black money holders and ruled out any extension of the ongoing compliance window expiring on September 30 for disclosing tax evaded wealth kept abroad by individuals and entities. Central Board of Direct Taxes chairperson Anita...
Continue Reading...
Category :
Black Money |
Comments :
0 | Hits : 1008
|
|
Procedure for Verification of Answer Books of CA Students Examinations and Post Qualification Courses Examinations
Posted Date : 11-Aug-2015 , 07:04:18 am | Posted By CASANSAAR
Procedure for Verification of Answer Books of Chartered Accountants Students Examinations and Post Qualification Courses Examinations.
A- STUDENTS EXAMINATIONS
An examinee of CA examinations can apply for verification of his/her answer books/OMR Answer Sheet, either physically in his/her own h...
Continue Reading...
Category :
CA Exams |
Comments :
0 | Hits : 1601
|
|
Black money law: CAs & Assessees riled over ambiguity in rules
Posted Date : 10-Aug-2015 , 07:44:51 am | Posted By CASANSAAR
New Delhi is slowly coming under pressure to remove the anomalies in black money rules as more and more people ask for a realistic law that would encourage disclosure of foreign assets and not unleash a reign of tax terror.
Members of the apex body of accounting professionals, the Institute of Ch...
Continue Reading...
Category :
Black Money |
Comments :
2 | Hits : 1468
|
|
Crime Branch Raid on CA of Godman's Trust
Posted Date : 09-Aug-2015 , 09:47:36 pm | Posted By CASANSAAR
The Crime Branch (CB) on Saturday searched the Kendrapara-based house and office of a Chartered Accountant (CA) who was engaged by Satyam Charitable Trust and collected documents to probe the financial transactions of self-styled godman Sarathi Baba alias Santosh Raula.
The agency is looking in...
Continue Reading...
Category :
CA |
Comments :
0 | Hits : 2001
|
|
Government Notifies Changes in Rules for Foreign Account Tax Compliance Pact
Posted Date : 09-Aug-2015 , 09:23:07 pm | Posted By CASANSAAR
The Revenue Department has amended income tax rules to provide for reporting of information with regards to financial assets and accounts, a month after India signed a tax information sharing agreement with the US.
On July 9, India and the US signed tax agreement under the Foreign Account Tax Com...
Continue Reading...
Category :
International Taxation |
Comments :
0 | Hits : 1129
|
|
OTP-based ITR filing system for taxpayers starts on high note
Posted Date : 09-Aug-2015 , 09:20:30 pm | Posted By CASANSAAR
The Income Tax department's OTP-based ITR filing system for taxpayers has started on a high note with its portal electronically verifying over 7.5 lakh returns and linking over 11 lakh Aadhaar numbers with the PAN database.
The new e-filing system, enabled last month, allows online veri...
Continue Reading...
Category :
ITR |
Comments :
0 | Hits : 1364
|
|
CBDT signs first rollback advance pricing pact
Posted Date : 07-Aug-2015 , 10:02:35 pm | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) has signed the first "rollback" unilateral advance pricing agreement (APA) with two multinational companies earlier this week, it was announced on Thursday.
"With this, the CBDT has so far signed 14 APAs of which 13 are unilateral ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 842
|
|
Ease of Doing Business/Use of INC - 29 for Formation of Company - ICAI
Posted Date : 07-Aug-2015 , 09:29:24 pm | Posted By CASANSAAR
For ease of doing business, Ministry of Corporate Affairs has introduced a simplified Incorporation Form-INC-29. The form offers a number of advantages over traditional incorporation forms in terms of reduced number of procedures, time taken and the cost involved in getting approval. With this integ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1167
|
|
Service tax on mutual fund distribution to be paid by AMCs
Posted Date : 07-Aug-2015 , 08:05:44 am | Posted By CASANSAAR
The confusion about service tax on mutual fund distribution has been laid to rest. An advertisement in newspapers on Thursday has finally clarified the position of who should pay service tax on services provided by mutual fund distributors.
The advertisement issued by the Central Board of Excis...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 1302
|
|
|
