Foreign Airlines Under Scanner for Alleged Service Tax Evasion
Posted Date : 26-Jul-2015 , 04:22:02 pm | Posted By CASANSAAR
Six foreign airlines have come under the lens of revenue authorities here for alleged underpayment of service tax believed to be worth several crores.
An inquiry has been initiated by Directorate General of Central Excise Intelligence (DGCEI) officials against these airlines for allegedly not pay...
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Service Tax |
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RBI asks I-T dept to verify applicants credentials for Small bank licence
Posted Date : 26-Jul-2015 , 03:57:26 pm | Posted By CASANSAAR
RBI has asked the I-T department to get a 'tax angle' verification done for four dozen corporate entities seeking licence to operate small finance and payment banks in the country.
RBI Governor Raghuram Rajan had recently written to the Central Board of Direct Taxes (CBDT), the apex polic...
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Income Tax |
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0 | Hits : 799
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CBDT Notifies Cost Inflation Index (CII) for F.Y.2015-16 - 1081
Posted Date : 25-Jul-2015 , 08:52:25 am | Posted By CASANSAAR
CBDT Notifies Cost Inflation Index (CII) for F.Y.2015-16 - 1081.
Cost Inflation Index from 1981-82 to 2015-16.
...
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CBDT |
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0 | Hits : 1714
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Simplification of ITR Forms; Issue of PAN Cards
Posted Date : 25-Jul-2015 , 08:24:37 am | Posted By CASANSAAR
The Government has simplified Income Tax Returns (ITR) Forms for individuals and HUFs not having business or professional income. In ITR Form No. 2 and 2A, the main form does not contain more than three pages and other information relevant for computation of income will be captured in the schedules ...
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ITR |
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1 | Hits : 2015
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Amendment in Negotiable Instrument Act
Posted Date : 25-Jul-2015 , 08:22:17 am | Posted By CASANSAAR
The President of India has promulgated the Negotiable Instruments (Amendment) Ordinance, 2015 (No.6 of 2015) on 15th June, 2015. The Ordinance provides for determination of territorial jurisdiction of courts for trying cases relating to offence of dishonour of cheques under Section 138 of the Negoti...
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Corporate Law |
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0 | Hits : 1212
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Recommendations of SIT on Black Money as Contained in the Third SIT Report
Posted Date : 25-Jul-2015 , 08:20:20 am | Posted By CASANSAAR
Misuse of exemption on Long Term Capital gains tax for money laundering (Reference p. 82-84 of the Third SIT Report)
This issue was deliberated by SIT during a series of meetings held on 7th January, 14th March, 08thApril and 30th April. In this regard, it is pertinent to men...
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Black Money |
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0 | Hits : 892
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Number of companies, registered with Registrar of Companies as on 30.06.2015
Posted Date : 25-Jul-2015 , 08:16:51 am | Posted By CASANSAAR
The number of companies, registered with Registrar of Companies as on 30.06.2015, State/UT-wise, is given in Annex-I.
The State/UT-wise and category-wise (struck-off and liquidated) number of closed companies during the last three financial years and the current financial year (up to 30.06....
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Companies Act |
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0 | Hits : 1240
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CA IPCC May 2015 Exam Result will be declared on 31st July 2015
Posted Date : 24-Jul-2015 , 05:38:17 pm | Posted By CASANSAAR
The result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination held in May, 2015 is likely to be declared on Friday, the 31st July, 2015 around 4.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above marks and ...
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CA Results |
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0 | Hits : 1138
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FinMin releases revised draft of Indian Financial Code
Posted Date : 24-Jul-2015 , 09:09:30 am | Posted By CASANSAAR
In a move that may dilute powers of RBI chief, the government on Thursday proposed taking away his authority to veto the interest rate decision of the central bank’s monetary policy committee.
The revised draft of Indian Financial Code (IFC), released on Thursday by th...
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RBI |
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0 | Hits : 991
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Nischal Narayanam is youngest CA in the Country
Posted Date : 23-Jul-2015 , 03:50:35 pm | Posted By CASANSAAR
The kid who spotted the mistakes in a balance sheet of his dad’s company as a nine-year-old has become the youngest CA in the country at just 19.
Nischal Narayanam, who is hailed as a mathematical genius, has cleared the CA exam recently and is said to be the youngest in the country to ha...
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CA |
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2 | Hits : 3864
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SEBI bans more than 900 firms suspected to be platforms for tax evasion
Posted Date : 23-Jul-2015 , 03:45:29 pm | Posted By CASANSAAR
Suspecting tax evasion of at least 5,000 to 6,000 crore rupees, Securities and Exchange Board of India (SEBI) has clamped down on a large number of organised syndicates who had set up shops to convert black money into legitimate-looking funds through the stock market platform.
Sebi Chairman UK Si...
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SEBI |
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0 | Hits : 1226
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NSE issues notice to 260 companies over women director appointments
Posted Date : 22-Jul-2015 , 10:45:07 pm | Posted By CASANSAAR
Leading stock exchange NSE has issued notices to 260 companies, including 145 suspended firms, for their alleged failure to comply with Sebi norms to appoint at least one female director on their respective boards.
Sebi had issued guidelines in February last year asking companies to appoint at ...
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Corporate Law |
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0 | Hits : 1081
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GST looks closer to becoming a reality now
Posted Date : 22-Jul-2015 , 10:34:31 pm | Posted By CASANSAAR
With the select panel of the Rajya Sabha endorsing majority provisions of the GST bill, the landmark tax reforms legislation looks closer to becoming a reality soon after a decade of political flipflops and wranglings. The new tax system will unify the nation’s 29 states under a single sales t...
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GST |
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Mechanism to Monitor Tendering Fees quoted by its Members - ICAI
Posted Date : 22-Jul-2015 , 10:22:52 pm | Posted By CASANSAAR
With a view to contain the tendering system for attest functions, the Council at its special (338th) meeting considered the report of the Group constituted under the convenorship of CA. Tarun Jamnadas Ghia, Member, Central Council and decided as under:
1. Tendering has been prohibited ...
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ICAI |
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0 | Hits : 1367
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Date & Time for Common Proficiency Test (CPT) December 2015
Posted Date : 22-Jul-2015 , 10:15:37 pm | Posted By CASANSAAR
No.13-CA (EXAM)/CPT/December/2015: In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to notify that the Common Proficiency Test will be held on Sunday, 13th December, 2015 in two sessions as below, ...
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CA Exams |
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Date Sheet for CA IPC and CA Final Exam for Nov. 2015
Posted Date : 22-Jul-2015 , 10:08:05 pm | Posted By CASANSAAR
No. 13- CA EXAM /N/2015: In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to notify that the Intermediate (IPC) and Final examinations will be held on the dates given below at the followi...
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CA Exams |
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0 | Hits : 1700
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Govt extends interest subvention scheme to banks to ensure availability of crop loans
Posted Date : 22-Jul-2015 , 08:06:56 am | Posted By CASANSAAR
The government has extended interest subvention scheme to public sector banks, private sector commercial banks, rural regional banks, cooperative banks and NABARD to ensure availability of crop loans of up to 3 lakh rupees to farmers at seven per cent per annum. The sources said, the decision to con...
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Banking |
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0 | Hits : 1006
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Government Extends Date for Suggestions and Comments for the Implementation of the Companies Act, 2013 to 31st July, 2015
Posted Date : 22-Jul-2015 , 07:52:40 am | Posted By CASANSAAR
The Companies Law Committee set up by the Government to make recommendations on issues arising from the implementation of the Companies Act, 2013 had invited suggestions and comments from stakeholders to assist its deliberations. These suggestions and comments were invited through the Ministry of Co...
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Companies Act |
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0 | Hits : 887
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Revised Norms of ITR - Electronic Verification of ITRs For A.Y. 2015-16 Introduced
Posted Date : 21-Jul-2015 , 10:11:38 pm | Posted By CASANSAAR
As per rule 12 of the Income-tax Rules, in case of individuals and certain other specified taxpayer, returns may be filed electronically followed by submission of signed paper copy of ITR-Verification form (ITR-V). However, to provide end-to-end enabled services to the tax payers, a facility has bee...
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ITR |
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0 | Hits : 1510
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Law Firms fight to protect their turf from Chartered Accountants
Posted Date : 21-Jul-2015 , 08:40:51 am | Posted By CASANSAAR
Can your accountant also assist you on drafting a joint venture agreement? Or is this work best left to a lawyer to check for compliance with various rules and legislation? And what happens when one company drops a nasty legal notice on the former joint venture partner? Is when things get contentiou...
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Chartered Accountant |
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0 | Hits : 2204
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Rajya Sabha panel gives nod for GST bill
Posted Date : 21-Jul-2015 , 08:31:36 am | Posted By CASANSAAR
A select committee of Rajya Sabha on Monday signed off on the goods and services tax (GST) bill, setting the stage for its introduction in the upper House and eventual implementation from 1 April 2016.
Passing the 122nd Constitution amendment bill in the Rajya Sabha in the first half of the monso...
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GST |
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SEBI asks AIFs to give full disclosure on Associates
Posted Date : 21-Jul-2015 , 08:22:53 am | Posted By CASANSAAR
Alternative investment funds (AIFs), having foreign entities as "associates", are rattled by the latest Securities and Exchange Board of India (Sebi) directive to disclose the entire disciplinary history of sponsors, managers, directors, partners, promoters and associates in their placemen...
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SEBI |
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Beware of fake mails regarding Job Openings
Posted Date : 20-Jul-2015 , 08:17:13 am | Posted By CASANSAAR
Respected Members,
We would like to aware you that there are some fake agencies who mail you the Job Appointment/Offer Letters in the name of some reputed companies and ask for some handsome amount from you (as a refundable security amount). And It will seem to you in a way t...
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Category :
General |
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0 | Hits : 1044
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Parliamentary panel readies report on GST, Govt gives in on major demand
Posted Date : 20-Jul-2015 , 08:09:49 am | Posted By CASANSAAR
A Parliamentary Committee, which scrutinised the crucial Goods and Services Tax (GST) Bill, has prepared a draft report wherein the government has agreed to provide compensation to states for any revenue loss for five years, thus giving in to one of the major demands from several opposition parties....
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GST |
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0 | Hits : 1036
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Pune bhelpuriwala's son clears CA exam in first attempt
Posted Date : 19-Jul-2015 , 10:53:41 pm | Posted By CASANSAAR
It was, in Mahesh Londhe’s words, “a typical Indian celebration with sweets,” after the 21-year-old, whose father hawks bhelpuri at Pune railway station, cleared the Chartered Accountancy (CA) final examination in the very first attempt.
The exam was held in May 2015, and resu...
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CA |
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0 | Hits : 1613
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Income tax dept to bring 1 cr new people under tax net this fiscal
Posted Date : 19-Jul-2015 , 10:13:37 pm | Posted By CASANSAAR
The Income Tax department has launched a drive with the aim of bringing one crore new taxpayers under its net, after the government recently asked the taxman to achieve the target within the current fiscal.
As part of government's initiative to broaden the tax base, the Central Board of Direc...
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Income Tax |
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1 | Hits : 1016
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CBDT warns of action against those disclosing secret information
Posted Date : 19-Jul-2015 , 10:03:54 pm | Posted By CASANSAAR
To protect confidentiality of tax information from abroad, the CBDT has warned of stern action against those making unauthorised disclosures as it amounts to breach of treaty commitments and cause embarrassment to the government.
The Central Board of Direct Taxes (CBDT) said the confidentiality o...
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Category :
Income Tax |
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0 | Hits : 1049
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ICAI Elections - Option of choosing Polling booth near to your Office or Work Place
Posted Date : 18-Jul-2015 , 09:03:47 am | Posted By CASANSAAR
ICAI ELECTION 2015
Option for Polling Booths in Bangalore, Delhi/New Delhi, Mumbai and Kolkata Cities.
The next elections to the Council and the Regional Councils of the Institute of Chartered Accountants of India are scheduled to be held on 4 th and 5 th December, 2015 in cities having ...
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ICAI Election |
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0 | Hits : 3615
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Complaints regarding Unsolicited SMSs and emails being received by members from prospective candidates - ICAI
Posted Date : 18-Jul-2015 , 08:58:00 am | Posted By CASANSAAR
ICAI ELECTION - 2015
16th July, 2015
APPEAL TO MEMBERS
For Attention of Members and prospective candidates for election to the Council and Regional Councils, 2015
Sub: Unsolicited SMSs and emails being received by members from prospective candidates
The election to the...
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Category :
ICAI Election |
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0 | Hits : 1360
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New guidelines for scrutiny of service tax returns from August
Posted Date : 18-Jul-2015 , 08:51:06 am | Posted By CASANSAAR
There will now be detailed manual scrutiny of service tax returns of assesses based on risk parameters by the Central Board of Excise and Customs (CBEC), under revised 2009 guidelines.
CBEC, the Finance Ministry said, has these revised guidelines, to come to effect from August 1, in view of...
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Category :
Service Tax |
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0 | Hits : 1338
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