SEBI asks govt to appoint Women Directors on PSU boards
Posted Date : 09-Jul-2015 , 08:01:42 am | Posted By CASANSAAR
To ensure parity between listed PSUs and their private sector peers, regulator SEBI has asked the government to fill all vacancies for women and independent directors at the central public sector enterprises.
All listed companies, whether PSUs or from private sector, are required to have at least...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 900
|
 |
Income Tax field staff told to be selective in pursuing tax disputes
Posted Date : 09-Jul-2015 , 07:37:31 am | Posted By CASANSAAR
The income tax department has instructed field officers not to file appeals in tax disputes in a routine manner that would only bring adverse comments from the judiciary and exhaust its resources meant for pursuing cases that would stand the test of scrutiny.
There are about 7,000 direct tax-re...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 900
|
|
Govt orders special audit of mobile networks to check call drops
Posted Date : 08-Jul-2015 , 07:43:46 am | Posted By CASANSAAR
Expressing “serious concern” over the problem of frequent call drops, government today ordered a special audit of mobile networks and said regulator TRAI has been asked to formulate a system of “incentives and disincentives” for their service quality.
Coming down heavily...
Continue Reading...
Category :
Auditing |
Comments :
0 | Hits : 1193
|
|
Govt hikes minimum wage to Rs 160 a day WEF 1st July 2015
Posted Date : 08-Jul-2015 , 07:32:22 am | Posted By CASANSAAR
After a gap of two years, the government today hiked the minimum wage for workers by Rs 23 to Rs 160 a day.
The increased wages will be applicable from July 1.
In a statement, Minister of State for Labour and Employment Bandaru Dattatraya said the decision to revise upwards the National Floor ...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 1579
|
|
Govt to check fraud by linking Aadhar to Matrimonial accounts
Posted Date : 07-Jul-2015 , 07:18:04 am | Posted By CASANSAAR
With an increase in the number of complaints of men putting up fake profiles on matrimonial websites and duping women, the government has decided to step in and create a technology platform to check such fraudsters.
The Department of Electronics and Information Technology (DeitY) has called a mee...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 1317
|
|
SEBI has power to regulate Global Depository Receipts: Supreme Court
Posted Date : 07-Jul-2015 , 07:06:57 am | Posted By CASANSAAR
The Supreme Court said on Monday that capital market regulator Securities and Exchange Board of India (Sebi) has the power to probe Global Depository Receipts (GDRs) sold by Indian companies, backed by local shares, to foreign investors and listed on overseas exchanges.
A bench comprising justice...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 897
|
|
CA Announcement - Clarification on General Amnesty Scheme
Posted Date : 06-Jul-2015 , 08:51:58 pm | Posted By CASANSAAR
CA Announcement - Clarification on General Amnesty Scheme
6th July, 2015
In regard to the General Amnesty Scheme for retrospective restoration of membership which was extended upto 15th May, 2015 vide Announcement dated 5th May, 2015 on the website of the Institute, it is hereby clarif...
Continue Reading...
Category :
CA Announcement |
Comments :
0 | Hits : 1755
|
|
Immunity from FEMA for disclosures in black money window
Posted Date : 06-Jul-2015 , 08:35:50 pm | Posted By CASANSAAR
Holding out an olive branch, the government today said persons using special window to declare assets abroad will be given immunity from prosecution under FEMA, Prevention of Money Laundering Act and four other laws.
Also, persons not being informed of prior information with government on t...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 1435
|
|
First CA Examination in the New Syllabus in 2017 - ICAI Vice President
Posted Date : 06-Jul-2015 , 09:00:26 am | Posted By CASANSAAR
The new curriculum for Chartered Accountancy (CA), with the objective of making the course more practical to meet the requirements of the competitive market, is likely to be announced in 2016.
Addressing presspersons here on Friday, vice-president of the Institute of Chartered Accountants of In...
Continue Reading...
Category :
CA Exams |
Comments :
0 | Hits : 6220
|
|
Online tax calculators for hassle free Income tax planning
Posted Date : 06-Jul-2015 , 08:49:00 am | Posted By CASANSAAR
Online tax calculators for hassle free Income tax planning.
It is that time of the year when there is a frenzy of people rushing to get their tax papers and proofs in place for filing the income tax returns for money earned in the previous financial year.
The Income Tax Department has devised ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1149
|
|
Deutsche Bank’s $1-bn investment faces fresh probe
Posted Date : 06-Jul-2015 , 07:58:31 am | Posted By CASANSAAR
With questions being raised about a USD one-billion debt market investment of Deutsche Bank and others, financial regulators RBI and Sebi are having a fresh look at the case to ensure compliance to their norms.
Besides, they are also reviewing their regulations for greater clarity in ...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 737
|
|
SEBI asks 75 firms to restate a/c on Audit red-flags
Posted Date : 06-Jul-2015 , 07:51:51 am | Posted By CASANSAAR
Coming down heavily on companies where auditors have flagged serious lapses, regulator Sebi and stock exchanges have asked at least 75 listed firms, including Kingfisher Airlines and its parent UB Holdings , to restate their financial accounts after addressing these issues.
These...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 1375
|
|
Types of ITR Forms for e-filing of Income Tax Return
Posted Date : 04-Jul-2015 , 10:50:03 pm | Posted By CASANSAAR
Types of ITR Forms for e-filing of Income Tax Return
ITR-1: Amongst the salaried this is one of the most widely used income tax return forms. This form is applicable to taxpayers who have income from salary and own one house property. If you own more than one house property, you are not e...
Continue Reading...
Category :
ITR |
Comments :
0 | Hits : 1745
|
|
Tax on rental income of education trust exempted - High Court
Posted Date : 04-Jul-2015 , 10:37:45 pm | Posted By CASANSAAR
In a relief to Shri Vile Parle Kelavani Mandal (SVKM), an educational trust that runs Narsee Monjee Institute of Management Studies, the Bombay High Court has clarified that if the trust generates the income by giving hall and premises on rental, the income is not taxable income, if it is used for t...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1519
|
|
CAs to submit Audit Report of 82 mining leases
Posted Date : 04-Jul-2015 , 09:51:39 am | Posted By CASANSAAR
In a bid to recover money from illegal mining activity, CAs appointed by the state government have submitted an audit report of 82 mining leases out of 118 mining leases. A Directorate of Mines and Geology official said that audit of the remaining mining leases would be completed by July 15.
Para...
Continue Reading...
Category :
CA |
Comments :
0 | Hits : 1348
|
|
Barclays hires KPMG as its auditor after 120 years with PwC
Posted Date : 04-Jul-2015 , 09:44:58 am | Posted By CASANSAAR
Giant accounting firm KPMG will take over the lucrative audit of Barclays’ books from 2017, the bank announced today, bringing PwC’s long-term tenure to an end.
Britain’s banks have been encouraged to put their audit contracts out to tender more frequently, to make ...
Continue Reading...
Category :
Auditing |
Comments :
0 | Hits : 1490
|
|
Uniform Allowances - Employer company liable for TDS, if No dress code
Posted Date : 04-Jul-2015 , 09:38:58 am | Posted By CASANSAAR
As India Inc slowly inches towards a relaxed dress code, a 'tax free' uniform allowance paid to employees will be relegated to history.
Employees who are prescribed a uniform, say nurses in hospitals, or front-desk staff in hotels, can claim the uniform allowance paid to them as par...
Continue Reading...
Category :
TDS |
Comments :
0 | Hits : 26638
|
|
To print a Re 1 note, the govt has to spend Rs 1.14: RTI
Posted Date : 04-Jul-2015 , 09:31:03 am | Posted By CASANSAAR
It costs the government Rs 1.14 to print a Re 1 note, a right to information query has revealed.
Interestingly, Re 1 notes were discontinued over two decades ago for being too costly to manufacture.
"It should be asked if the retrogressive step of re-issuing the cost...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 1047
|
|
Black money compliance window: Income Tax department creates special office in Delhi
Posted Date : 04-Jul-2015 , 09:25:18 am | Posted By CASANSAAR
The Income Tax departmenthas set up a special office in the national capital for those wanting to utilize the recently notified one-time black money compliance window and declare their untaxed assets.
The Central Board of Direct Taxes (CBDT), the apex policy making ...
Continue Reading...
Category :
Black Money |
Comments :
0 | Hits : 944
|
|
Telecom operators to roll out nationwide MNP from today
Posted Date : 03-Jul-2015 , 01:03:12 pm | Posted By CASANSAAR
Nationwide mobile number portability, MNP which will allow customers to keep their existing mobile phone numbers while shifting between States and circles, will be operational from today. Presently, users can change their operator while retaining the same number only in the same State or telecom cir...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 1142
|
|
India to become first country to make non-financial audit mandatory for companies
Posted Date : 03-Jul-2015 , 08:53:14 am | Posted By CASANSAAR
India will become the first country to make non-financial audit mandatory for companies of certain class. The audit, also known as secretarial audit, will ensure that all listed companies and public limited companies with paid-up capital of at least Rs 50 crore or public companies with a turnover of...
Continue Reading...
Category :
ICSI |
Comments :
0 | Hits : 2274
|
|
Finance Ministry asks taxpayers to e-file Income Tax returns early
Posted Date : 03-Jul-2015 , 08:44:18 am | Posted By CASANSAAR
The Finance Ministry on Wednesday asked taxpayers to file their ITRs for 2015-16 early to avoid the rush towards the last date of August 31.
The tax department, yesterday, made fully operational its e-filing website for taxpayers to file their I-T returns for assessment year...
Continue Reading...
Category :
ITR |
Comments :
1 | Hits : 1368
|
|
RBI asks banks to use info from CRILC to open Current Account
Posted Date : 03-Jul-2015 , 08:16:34 am | Posted By CASANSAAR
With a view to improve credit discipline and reduce NPA level, the Reserve Bank today asked lenders to make use of credit information available with Central Repository of Information on Large Credits (CRILC) for opening of current accounts.
Banks are advised to make use of the information availab...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1650
|
|
Relaxation in the requirement of completing Advanced Course on Information Technology Training. - ICAI
Posted Date : 02-Jul-2015 , 05:16:38 pm | Posted By CASANSAAR
ANNOUNCEMENT
FOR ATTENTION OF STUDENTS APPEARING IN
FINAL EXAMINATION
Sub: Relaxation in the requirement of completing Advanced Course on Information Technology Training
For admission to the Final Examination, one of the requirements under Regulation 29C of the Chartered Accoun...
Continue Reading...
Category :
CA Announcement |
Comments :
0 | Hits : 1904
|
|
ICAI Celebrated its 66th CAs Day
Posted Date : 02-Jul-2015 , 08:51:59 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI), the regulator of Accountancy profession in India, celebrated its 66th CAs Day today all across the country through its 150 branches & 5 Regional Councils. To commemorate the occasion, a function was organized at New Delhi on July 1, 20...
Continue Reading...
Category :
CA |
Comments :
0 | Hits : 1326
|
|
Deloitte Pays $1M to Settle Auditor Independence Violation
Posted Date : 02-Jul-2015 , 08:45:45 am | Posted By CASANSAAR
The Securities and Exchange Commission has charged Deloitte & Touche LLP with violating auditor independence rules when its consulting affiliate maintained a business relationship with a trustee serving on the boards and audit committees of three funds it audited.
Deloitte agreed to p...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 1781
|
|
Electronic Filing of Income Tax Returns for 2015-16 Commences
Posted Date : 02-Jul-2015 , 08:36:24 am | Posted By CASANSAAR
Electronic Filing of Income Tax Returns for 2015-16 Commences; ITR 1-Sahaj, 2 and 2A can be Used by Individuals or HUF Whose Income Does not Include Income from Business;
ITR 4S - SUGAM can be Used by an Individual or an HUF Whose Income Includes Business Income Assessable on Presumptive Ba...
Continue Reading...
Category :
ITR |
Comments :
0 | Hits : 1395
|
|
Government has given 3 months time for black money disclosure
Posted Date : 02-Jul-2015 , 08:30:06 am | Posted By CASANSAAR
Government has given three months time till 30th September for people to declare their undisclosed foreign income and assets to escape prosecution under the new Black Money Law. Those making the disclosure during this period will have further three-months time till 31st December this year to pay the...
Continue Reading...
Category :
Black Money |
Comments :
0 | Hits : 1379
|
|
Happy CA’s Day to all Partners in Nation Building
Posted Date : 01-Jul-2015 , 08:28:57 am | Posted By CASANSAAR
Heartfelt wishes on the occasion of Chartered Accountant’s Day!!!
We hope that both the Profession and the Professionals will touch great heights in the forth coming years being the major contributor to the society’s economic well being.
So let us join hands and celebrate the Golde...
Continue Reading...
Category :
CA |
Comments :
0 | Hits : 1131
|
|
ITR Form 2 and Form 2A also made available for electronic filing by CBDT
Posted Date : 30-Jun-2015 , 03:29:58 pm | Posted By CASANSAAR
ITR Form 2 and Form 2A also made available for electronic filing by CBDT
CLICK HERE TO DOWNLOAD ITR 2
CLICK HERE TO DOWNLOAD ITR 2A
...
Continue Reading...
Category :
ITR |
Comments :
0 | Hits : 1127
|
|
|
