ICAI Election 2015 Schedule Approved by Council
Posted Date : 30-Jun-2015 , 01:52:39 pm | Posted By CASANSAAR
PROGRAMME FOR ELECTIONS TO THE TWENTY-THIRD COUNCIL AND TWENTY-SECOND REGIONAL COUNCILS TO BE HELD IN THE YEAR 2015
[ As per provisions of the Chartered Accountants (Election to the Council) Rules, 2006 read with Regulation 134 of the Chartered Accountants Regulations, 1988]
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ICAI Election |
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RBI to remain open on July 1 to facilitate transactions
Posted Date : 30-Jun-2015 , 08:28:07 am | Posted By CASANSAAR
The Reserve Bank of India will remain open on July 1 to facilitate settlement of public and market transactions.
"On a review and in order to facilitate the settlement of market transactions as also to aid the transactions of the general public, the Reserve Bank of India has decided that i...
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RBI |
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Income Tax department automates e-filing ITRs with password
Posted Date : 29-Jun-2015 , 09:12:54 pm | Posted By CASANSAAR
In order to end the trouble of sending paper-based acknowledgement of e-filed Income Tax Returns (ITRs), the Central Board of Direct Taxes (CBDT) is planning to send a one-time password (OTP) on taxpayers’ mobile phones, which will be valid for 24 hours after getting verified from the Aadhaar ...
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Income Tax |
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Greece crisis may trigger outflows from India: Finance Secretary
Posted Date : 29-Jun-2015 , 06:50:48 pm | Posted By CASANSAAR
The economic crisis in Greece may trigger capital outflows from India and the government is consulting the RBI to deal with the situation, finance secretary Rajiv Mehrishi said on Monday.
Stating that the Greece situation has no direct impact on India, he said there may be some indirect effect ...
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Finance |
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Blessings, Guidance & Support in NIRC Election for CA Vivek Khurana
Posted Date : 29-Jun-2015 , 09:01:15 am | Posted By CASANSAAR
CA Vivek Khurana has declared his candidature for the Regional Council Election (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., a leading ...
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ICAI Election |
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ICAI defers call on new revenue recognition concepts
Posted Date : 29-Jun-2015 , 08:45:36 am | Posted By CASANSAAR
ICAI has deferred a decision on adoption of new 'revenue recognition' concepts that the developed world is hesitating to implement.
The proposal -- whether the new revenue recognition standard (Ind AS 115) should be adopted from April 1, 2016 or deferred -- was before the central counci...
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ICAI |
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0 | Hits : 1238
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Ten years on, ICAI probe into GTB Auditors role still not complete
Posted Date : 29-Jun-2015 , 08:29:36 am | Posted By CASANSAAR
On December 19, 2002, the Joint Parliamentary Committee (JPC) on stock market scams and related matters, which was probing the so-called Ketan Parekh scam of 1999-2001, presented its report in Parliament with 276 recommendations.
Over several past years, various government bodies and regulatory a...
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ICAI |
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0 | Hits : 1125
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Use online tax calculator to file ITR for A.Y. 2015-16
Posted Date : 28-Jun-2015 , 11:00:58 pm | Posted By CASANSAAR
With the new Income Tax Return (ITR) forms being recently notified for assessment year 2015-16, filers can do an easy check of their annual tax liability on a new computer-based 'calculator' launched by the CBDT.
The 'tax calculator' is an online computer-based programme hosted ...
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ITR |
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0 | Hits : 1059
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Standard Format for Banks to Share Money Laundering Info on Anvil: Report
Posted Date : 28-Jun-2015 , 10:42:16 pm | Posted By CASANSAAR
The Reserve Bank of India, lenders and law enforcement agencies are working on a standard reporting format for banks to share investigation-related information after central agencies like Intelligence Bureau (IB) and Central Bureau of Investigation (CBI) complained about receiving data in different ...
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RBI |
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India Need for additional 6 lakh CAs - SIRC Chariman
Posted Date : 27-Jun-2015 , 10:04:04 pm | Posted By CASANSAAR
There is good demand for chartered accountants (CAs) in the country and more students should be attracted to this profession, according to P.R. Aruloli, Chairman of the Southern India Regional Council (SIRC) of the Institute of Chartered Accountants of India (ICAI).
Speaking at ‘Jnana Dee...
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CA |
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English proficiency, economics test in CA Foundation Exam
Posted Date : 27-Jun-2015 , 08:05:37 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has proposed changes in syllabus for the common proficiency test (CPT) - the first of the three CA examinations - of the Chartered Accountants course and introduce English proficiency test and general economics tests, said Babu Abraham Kallivaya...
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CA Exams |
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0 | Hits : 1360
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Companies need to disclose OFS plans 2 banking days in advance: SEBI
Posted Date : 27-Jun-2015 , 07:53:51 am | Posted By CASANSAAR
In a move to increase retail investor participation and reduce volatility ahead of an offer-for-sale (OFS), securities market regulator SEBI on Friday tuned the procedure in sync with bank working days.
The Securities and Exchange Board of India has directed companies that opt for share sales t...
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SEBI |
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Govt to infuse additional Rs 11,500 cr in PSU banks in FY16
Posted Date : 26-Jun-2015 , 09:25:26 pm | Posted By CASANSAAR
Government is likely to infuse additional USD 1.8 billion (about Rs 11,500 crore) in public sector banks this fiscal over and above USD 1.2 billion earmarked in the Budget, Finance Secretary Rajiv Mehrishi said today.
"Will put additional USD 1.8 billion in PSU banks apart from USD 1.2 billi...
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Bank |
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Relaxation to complete Advanced ITT Course after the Final Examination but before enrolling as a member of the ICAI
Posted Date : 26-Jun-2015 , 09:16:29 pm | Posted By CASANSAAR
As per Regulation 29C(1)(iv) of the Chartered Accountants’ Regulations 1988, students who have registered for Practical Training on or after February 1, 2013 are required to complete Advanced IT Training before admission to the Final Examination. The Council at its 343rd Meeting held on June 2...
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ICAI |
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Election commission joins hands with ICAI to clean the books of Political Parties
Posted Date : 26-Jun-2015 , 08:43:57 am | Posted By CASANSAAR
Election Commission has decided to join hands with Institute of Chartered Accountants of India (ICAI) to clean the books of political parties by providing them a new set of accounting norms that would make their financial statements more transparent and accountable.
The new accounting practises f...
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ICAI |
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Banks can borrow from international institutions without RBI nod
Posted Date : 26-Jun-2015 , 08:41:38 am | Posted By CASANSAAR
Easing norms for accessing foreign funds, RBI allowed banks to borrow from international financial institutions for general banking business without seeking its permission.
“With a view to providing greater flexibility in seeking access to overseas funds, it has now been decided...
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RBI |
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Most professionals open to explore new opportunities: LinkedIn
Posted Date : 25-Jun-2015 , 10:34:12 pm | Posted By CASANSAAR
Most professionals in the country are happy in their current jobs but at the same time are open to exploring new job opportunities, a report says.
According to LinkedIn's 2015 Talent Trends India Report, 55 per cent of Indian professionals define their job search as "passively look...
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Income Tax |
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0 | Hits : 1061
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RBI extends deadline for exchanging pre-2005 notes to Dec 31
Posted Date : 25-Jun-2015 , 09:25:54 pm | Posted By CASANSAAR
For the third time, the Reserve Bank of India on Thursday extended the deadline for exchanging pre-2005 currency note by six months to December 31, 2015.
With less than a week left for the last day to exchange all pre-2005 currency notes, including those of Rs 500 and Rs 1,000 denominations, the ...
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RBI |
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0 | Hits : 946
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No taxman can terrorise assesses of scrutiny - CBDT
Posted Date : 25-Jun-2015 , 08:01:23 am | Posted By CASANSAAR
Seeking to allay concerns of taxpayers, CBDT has asked them not to get terrorised by threats of their cases being wilfully chosen for "scrutiny" by the taxman as the procedure is fully electronic and devoid of any human intervention.
The taxman is empowered to undertake a scrutiny proce...
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CBDT |
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Bank balance details, foreign trip info excluded in new ITR forms
Posted Date : 24-Jun-2015 , 07:55:46 am | Posted By CASANSAAR
The Income tax department has notified a new, more simplified, set of ITR forms for taxpayers to file their returns for assessment year 2015-16, wherein it has done away with intrusive details such as the number of foreign trips and bank account balances that assessees were expected to furnish earli...
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ITR |
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0 | Hits : 1797
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Sebi makes IPOs cheque-free; unveils start-up listing norms
Posted Date : 24-Jun-2015 , 07:44:08 am | Posted By CASANSAAR
Ushering in a wave of technology-driven reforms, regulator Sebi on Tuesday allowed startups to list and raise funds with an easier set of norms within India, while it made investments cheque-free for all IPOs.
Besides, the regulator also fast-tracked the process of raising funds for companies thr...
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SEBI |
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ITR Validation Rules for A.Y.2015-16
Posted Date : 24-Jun-2015 , 07:32:56 am | Posted By CASANSAAR
The Income Tax Department has provided free return preparation software in the downloads page as well as facility for online ITR submission for ITR 1 & ITR 4S which are fully compliant with data quality requirements.
However, there are commercially available software or websites that offer re...
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ITR |
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Income Tax Department Released Return Preparation Software for AY 2015-16
Posted Date : 24-Jun-2015 , 07:26:57 am | Posted By CASANSAAR
Software for preparing ITR 1 & ITR 4S in Java, Excel & Online for AY 2015-16 are now available for e-Filing. ITR 1 & ITR 4S can also be filled and submitted online after logging to the e-Filing website. E-filing of ITRs 2 and 2A will be enabled shortly.
(www.incometaxindiaefiling.gov.in...
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ITR |
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1 | Hits : 1753
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New ITR Forms ITR-1, ITR-2, ITR-2A and ITR-4S notified by CBDT
Posted Date : 23-Jun-2015 , 09:28:28 pm | Posted By CASANSAAR
S.O. 1660 (E).– In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-
1. (1) These rules may be called the Income-tax (8th Am...
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ITR |
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0 | Hits : 1737
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MCA to notify threshold and rules for flagging Corporate Frauds
Posted Date : 23-Jun-2015 , 06:21:42 am | Posted By CASANSAAR
Auditors of companies may soon be required to alert the authorities in case of any fraud involving a sum of at least Rs 1 crore or 10% of a company's turnover. This mandatory reporting is part of an early warning system being put in place by the government to prevent recurrence of a Satyamlike a...
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MCA |
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0 | Hits : 1279
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EPFO makes UAN mandatory for all employers
Posted Date : 23-Jun-2015 , 06:08:04 am | Posted By CASANSAAR
Retirement fund body Employee Provident Fund Organisation (EPFO) notified on Monday, an order to make Universal Account Number (UAN) mandatory for all employers covered under the Employees Provident Funds and Miscellaneous Provisions Act 1952.
"We have notified the draft order to make UAN co...
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General |
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0 | Hits : 1061
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Govt proposes tax benefits for credit and debit card payment
Posted Date : 22-Jun-2015 , 09:38:11 pm | Posted By CASANSAAR
The Narendra Modi government on Monday proposed income tax benefits for people making payments through credit or debit cards and doing away with transaction charges on purchase of petrol, gas and rail tickets with plastic money.
In a draft paper for moving towards cashless economy and reduce tax ...
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Income Tax |
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0 | Hits : 1605
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NSE to begin overnight investment facility from today
Posted Date : 22-Jun-2015 , 08:22:15 am | Posted By CASANSAAR
Country's top stock exchange National Stock Exchange, NSE, will introduce an overnight liquid transaction facility on its web-based Mutual Fund platform, from today. The facility will enable traders, especially small investors, to invest even for a single night in liquid funds. A similar product...
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Shares & Stock |
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0 | Hits : 1156
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Only 10 Days Left to Exchange Your Pre-2005 Currency Notes
Posted Date : 21-Jun-2015 , 01:15:55 pm | Posted By CASANSAAR
Only 10 days are left to exchange pre-2005 currency notes, including those of Rs 500 and Rs 1,000 denominations, at banks as the deadline to do so is ending on June 30.
Seeking cooperation for withdrawing pre-2005 currency notes from circulation, the RBI has asked the public to deposit the old de...
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General |
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0 | Hits : 1255
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Company law Committee invites comments/Suggestions in the implementation of Companies Act 2013
Posted Date : 20-Jun-2015 , 09:18:02 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 invites comments/suggestions to assist its deliberations.
Suggestions/ comments may kindly be sent only through the Ministry of Corporate Affairs&rsquo...
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Companies Act |
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