Govt to announce interest subvention scheme for exporters
Posted Date : 18-Jul-2015 , 08:47:11 am | Posted By CASANSAAR
Government will soon announce interest subvention scheme for exporters. Commerce and Industry Minister Nirmala Sitharaman said at a function in New Delhi today that the scheme will give encouragement to sectors that have high potential. She said exports are largely suffering because international de...
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International Business |
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RBI issues new guidelines for Concurrent Audit of Bank Branches
Posted Date : 17-Jul-2015 , 08:50:49 am | Posted By CASANSAAR
The Reserve Bank on Thursday said the concurrent audit at bank branches should cover at least half of their advances and deposits.
The concurrent audit system is regarded as part of a bank's early warning system to ensure timely detection of irregularities and lapses.
"Concurrent audi...
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Bank Branch Audit |
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0 | Hits : 4735
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SBI puts loan accounts worth Rs.4400 crore on sale for ARCs
Posted Date : 17-Jul-2015 , 08:14:52 am | Posted By CASANSAAR
State Bank of India (SBI) has put 66 loan accounts, with loans worth Rs.4,400 crore, for sale to asset reconstruction companies (ARCs) in July, a senior official at the bank confirmed.
According to the official, who spoke on condition of anonymity, most of these accounts are small and medium...
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Banking |
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CCI issues order against Public Sector Insurance Companies for Bid Rigging
Posted Date : 17-Jul-2015 , 07:54:20 am | Posted By CASANSAAR
The Competition Commission of India(CCI)has imposed a total penalty of Rs. 671.05 crores upon4 Public Sector Insurance Companies for manipulating the bidding process initiated by Government of Kerala for selecting insurance service provider for RashtriyaSwasthyaBimaYojna for the years 2010-11, 2011-...
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Corporate Law |
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0 | Hits : 886
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Cabinet gives nod to foreign investment composite cap
Posted Date : 16-Jul-2015 , 05:18:27 pm | Posted By CASANSAAR
In a bid to streamline the FDI structure, the government on Thursday introduced a composite foreign investment cap by clubbing all forms of overseas investments to define sectoral limits.
Briefing reporters after the Cabinet meeting, Finance Minister Arun Jaitley said that “from...
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International Business |
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CA Final May 2015 & CPT June 2015 Exams Pass Percentage & Toppers
Posted Date : 16-Jul-2015 , 03:48:50 pm | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) today announced the following results
1) Chartered Accountants Final Examination held in May, 2015.
2) Common Proficiency Test held on...
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CA Results |
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0 | Hits : 3754
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Good Luck - CA Final Exam, ISA Exam & CPT Results 2015 Likely to be announced today
Posted Date : 16-Jul-2015 , 07:34:42 am | Posted By CASANSAAR
The results of CA Final Examination held in May 2015, ISA AT Exam and the Common Proficiency Test (CPT) held in June this year, will be declared on Thursday, 16 July at 2pm. - Good Luck to all.
"The Institute of Chartered Accountants of India (ICAI) is going to release result of the C...
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CA Results |
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0 | Hits : 1645
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SEBI may take action against companies for not hiring female director
Posted Date : 16-Jul-2015 , 07:21:32 am | Posted By CASANSAAR
Market regulator Sebi may take action against companies who have not appointed women directors on their boards to meet the requirements of the new Companies Act.
Earlier this week, stock exchanges fined over 500 listed companies who had not complied. "As per the provisions of the Sebi circul...
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SEBI |
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0 | Hits : 949
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RBI sets up panel for action plan on financial inclusion
Posted Date : 15-Jul-2015 , 10:35:04 pm | Posted By CASANSAAR
The Reserve Bank of India has set up a committee to work out a five-year action plan to spread the reach of financial services to unbanked population. According to a press release issued by RBI today, the 14-member panel, to be headed by RBI executive director Deepak Mohanty, will review the existin...
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RBI |
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0 | Hits : 895
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Petrol price in Delhi raised by Rs 2.78 per ltr & Decreased by Rs.2.00/- across India
Posted Date : 15-Jul-2015 , 10:28:20 pm | Posted By CASANSAAR
Petrol and diesel prices have been cut by Rs 2 per litre, excluding local levies, with effect from midnight tonight pan-India.
Earlier in the evening, petrol and diesel prices were hiked in the national capital with the Aam Aadmi Party (AAP) government ordering an increase in VAT rate...
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General |
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High Court restrains OPJS University from admitting students in its CA Degree Courses & awarding such degrees
Posted Date : 15-Jul-2015 , 08:37:43 am | Posted By CASANSAAR
ANNOUNCEMENT
It was brought to the notice that OPJS University, Churu (Rajasthan), is offering/conducting certain programmes/courses under the nomenclature “Master in CA.” and “Bachelor in C.A.” (under the School of Chartered Accountant). Conduct of such courses u...
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CA |
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Bank of India reports RBI against its Auditors after making losses
Posted Date : 15-Jul-2015 , 08:27:30 am | Posted By CASANSAAR
Irked by the stringent auditing of its earnings for the quarter ended March this year, state-run Bank of India (BoI) has written to the Reserve Bank of India (RBI), saying its auditors didn’t allow the loan to Essar Steel to be treated as standard, while most other lenders were allowed to.
...
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Auditing |
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3 | Hits : 3143
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Commencement of Electronic Verification of Income Tax Returns for AY 2015-16
Posted Date : 14-Jul-2015 , 10:37:30 pm | Posted By CASANSAAR
To facilitate the taxpayers and to provide end-to-end e-enabled services, the Income Tax Return for A.Y. 2015-16 can now be verified electronically.
A taxpayer may verify his return through Internet Banking or through Aadhar based authentication process. Persons using this facility wi...
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ITR |
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0 | Hits : 1386
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Clarification on Reports Appearing on Black Money Act
Posted Date : 14-Jul-2015 , 10:35:23 pm | Posted By CASANSAAR
Over last few days a number of reports have appeared in the media expressing views and concerns regarding the applicability of various provisions of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015.
Some of the views expressed in these reports are based...
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Black Money |
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Service Charges Collected by Restaurants/Hotels/Eateries are Not Service Tax
Posted Date : 14-Jul-2015 , 10:33:21 pm | Posted By CASANSAAR
Service Charges Collected by Restaurants/Hotels/Eateries Retained by the Restaurants/Hotels/Eateries and are Not ‘Service Tax’ Imposed by the Government
Some restaurants/hotels/eateries besides charging for the food and beverages are also charging ‘service charges&...
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Service Tax |
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0 | Hits : 1317
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Don't allow yourselves to be bullied: CAG to Auditors
Posted Date : 14-Jul-2015 , 08:32:20 am | Posted By CASANSAAR
CAG Shashi Kant Sharma today said auditors should neither allow themselves to be bullied by entities they are scrutinising nor take their non-cooperation lying down.
While inaugurating the UN Audit Training Programme here, the Comptroller and Auditor General (CAG) of India advised...
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Auditing |
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0 | Hits : 1302
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File appeals on merit: CBDT to taxmen
Posted Date : 14-Jul-2015 , 08:28:43 am | Posted By CASANSAAR
Disapproving of the 'casual' attitude of taxmen in filing appeals and pursuing litigation in important revenue matters, the CBDT has asked the I-T department to take legal recourse only in "deserving" cases.
In a departmental communication issued early this month, the Central Bo...
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CBDT |
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No need to post e-filed Income Tax returns
Posted Date : 14-Jul-2015 , 08:20:24 am | Posted By CASANSAAR
In a relief to taxpayers, the government on Monday put in place a new system of e-filing of returns using a 10-digit electronic verification code (EVC) or one-time password (OTP) that can be generated using net banking, ATMs, Aadhaar, your registered mobile as well as the income tax department's...
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ITR |
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1 | Hits : 1622
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BSE notice to 530 firms for non-compliance on women directors
Posted Date : 13-Jul-2015 , 10:10:21 pm | Posted By CASANSAAR
Top bourse BSE has issued notices to 530 companies with regard to imposition of fines for not complying with Sebi norms to appoint at least one woman director on their respective boards within the prescribed timelines.
The capital markets watchdog had issued guidelines in February last year askin...
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Category :
Corporate Law |
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0 | Hits : 995
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ICAI to help Indian Railways move to accrual accounting system
Posted Date : 13-Jul-2015 , 09:12:30 am | Posted By CASANSAAR
Apex body of chartered accountants ICAI is closely working with Indian Railways to help migrate its accounting system to the more transparent "accrual" format.
Under the accrual basis, revenues and expenses are reported in an income statement during the period when that ...
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ICAI |
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SEBI Set to Overhaul Disclosure Norms for Better Monitoring
Posted Date : 13-Jul-2015 , 09:07:10 am | Posted By CASANSAAR
Capital markets regulator Sebi will soon put in place a system-driven disclosure regime for listed companies, according to sources.
The move is expected to strengthen real-monitoring of insider-trading cases and detect other corporate governance-related lapses.
A working group formed by Se...
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SEBI |
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Indirect tax revenue up by over 37 per cent in first quarter of current fiscal
Posted Date : 12-Jul-2015 , 07:44:27 am | Posted By CASANSAAR
Chief Economic Advisor Arvind Subramanian said that Indirect tax revenues grew 37.5 per cent in the first quarter of current fiscal, which reflects a healthy growth in the economy. In a tweet, Mr Subramanian said, indirect tax revenue grew a robust 37.5 per cent in April-June over the comparable per...
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Category :
Excise |
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EPFO plans housing scheme for members: Govt
Posted Date : 11-Jul-2015 , 07:15:58 am | Posted By CASANSAAR
Retirement fund body EPFO is considering a scheme for its subscribers so that they are able to own a house by retirement, Labour Minister Bandaru Dattatreya said here today.
"We have to see that by retirement every EPFO subscriber has his own house... We are considering this," he said w...
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Category :
General |
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Manual scrutiny of Service Tax returns from Aug 1: CBEC
Posted Date : 11-Jul-2015 , 07:09:39 am | Posted By CASANSAAR
Seeking to strengthen compliance and verification, the CBEC has said that beginning August 1 it will start manual scrutiny of Service Tax returns of select assessees who have paid less than Rs 50 lakh of total tax during 2014-15.
“The focus of the detailed manual scrutiny of the returns (...
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Service Tax |
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0 | Hits : 1453
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CBDT orders mass reshuffle in transfer pricing departmet
Posted Date : 10-Jul-2015 , 07:20:37 am | Posted By CASANSAAR
In a major reshuffle, the Income Tax department has issued mass transfer and promotion orders to around 59 additional and joint commissioners in the revenue department with immediate effect.
The circular with order details uploaded on June 19 signed by Brij Mohan, Under Secretary to the Gov...
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Category :
Income Tax |
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0 | Hits : 1078
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India, US sign FATCA to curb tax evasion
Posted Date : 10-Jul-2015 , 07:01:45 am | Posted By CASANSAAR
Come September 30, India and the US will start sharing information about bank accounts or financial investments made by their citizens in each other’s countries. This move will help curb offshore tax evasions.
Both countries, on Thursday, signed an Inter Governmental Agreement (IGA) to im...
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Category :
International Taxation |
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0 | Hits : 948
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End Capital Gains Tax Exemption to Curb Money Laundering: BSE
Posted Date : 10-Jul-2015 , 06:57:58 am | Posted By CASANSAAR
The BSE or Bombay Stock Exchange on Thursday called for ending exemption of capital gains tax on securities to contain various entities using capital markets to evade taxes and launder money.
The government should rethink the exemption on capital gains taxes on traded securities, which is enjoyed...
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Category :
Income Tax |
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0 | Hits : 1020
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CA Final May 2015 & CPT Exam Result to be Declared on 16th July 2015
Posted Date : 09-Jul-2015 , 08:47:40 pm | Posted By CASANSAAR
The result of the CA Final Examination held in May, 2015 and Common Proficiency Test (CPT) held in June, 2015 are likely to be declared on Thursday, the 16 th July, 2015 around 2.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above marks and upto the maximum...
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Category :
CA Exams |
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1 | Hits : 1521
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CA ISA - AT Exam Result to be Declared on 16th July, 2015. - ICAI
Posted Date : 09-Jul-2015 , 08:44:43 pm | Posted By CASANSAAR
9th July, 2015
IMPORTANT ANNOUNCEMENT
The result of the Information Systems Audit [ISA] Assessment Test held on 27th June, 2015 is likely to be declared on 16th July, 2015 around 2.00 PM at the Institute’s office at New Delhi.
The result of the above Assessment Test will be available ...
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Category :
CA Exams |
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0 | Hits : 1060
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Police Atrocities towards CA in Faridabad - Its Time to be Unite
Posted Date : 09-Jul-2015 , 08:57:27 am | Posted By CASANSAAR
How our indian Police system works. What happened to a CA in Faridabad. How badly this Chartered Accountant was beaten up without any reason?. This is our turn to Raise the Voice and Stand with our own. Jago CA Jago, This is the time to be Unite.
Statement of CA.Abhishek Aggarwal,
...
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CA |
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