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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0 | Hits : 2144
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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 : 1761
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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 : 1752
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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 : 1306
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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 : 1075
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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 : 1640
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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 : 1172
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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 : 1263
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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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0 | Hits : 1136
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NGOs will have to give details of social media accounts to Govt
Posted Date : 20-Jun-2015 , 08:48:48 am | Posted By CASANSAAR
NGOs in India will have to provide the Home Ministry with details of their social media accounts.
The amendment to the Foreign Contribution Rules of 2011 states that the government will have to be told about the social media accounts being run by the NGOs.
Further the government would expect t...
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NGO |
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0 | Hits : 1302
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CA Nilesh Vikamsey appointed as Federal Bank's part-time Chairman
Posted Date : 20-Jun-2015 , 08:44:23 am | Posted By CASANSAAR
CA Nilesh Shivji Vikamsey has been appointed as part-time Chairman of Federal Bank.
Vikamsey, who will assume office tomorrow, succeeds Abraham Koshy, who retired from the Board of Federal Bank last month on completion of his term of eight years.
"...RBI has accorded its approval, for app...
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CA |
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0 | Hits : 1308
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E-commerce portals to file tax returns every quarter
Posted Date : 19-Jun-2015 , 08:18:06 am | Posted By CASANSAAR
In a first for the city, Delhi government's Value Added Tax department has decided to bring all big and small players on e-commerce platforms under the scanner to check evasion of tax.
A notification is under way to make it mandatory for all online portals like Flipkart and Snapdeal to file t...
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VAT |
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0 | Hits : 2536
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Railways to hire Big4 Audit Firms to rationalize staff strength
Posted Date : 18-Jun-2015 , 08:14:18 am | Posted By CASANSAAR
Railways to hire Big4 Audit Firms to rationalize staff strength.
The railways has taken the first step in its bold decision to rationalize staff strength with the state-run transporter shortlisting four private audit companies to initiate the move.
One of the four private companies short...
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Auditing |
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0 | Hits : 1468
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New Banks : Bandhan Bank to begin operations from 23 August
Posted Date : 18-Jun-2015 , 07:23:29 am | Posted By CASANSAAR
Bandhan Financial Services Pvt. Ltd will start full-fledged commercial banking operations on 23 August.
Kolkata-based Bandhan got the final Reserve Bank of India (RBI) approval to start commercial banking operations on Wednesday.
So far, it had “in principle” approva...
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Banking |
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0 | Hits : 1487
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FM approves the formation of 2 Committees for facilitating implementation of GST from 1.4.2016.
Posted Date : 18-Jun-2015 , 07:09:38 am | Posted By CASANSAAR
Finance Minister has approved the formation of 2 Committees for facilitating implementation of Goods and Services Tax from 1.4.2016.
A Steering Committee been formed under the Co-Chairmanship of Additional Secretary, Department of Revenue and Member Secretary, Empowered Committee of State F...
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GST |
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0 | Hits : 956
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Fake currency worth over Rs 1 cr recovered from HDFC Bank
Posted Date : 17-Jun-2015 , 09:28:03 pm | Posted By CASANSAAR
In Haryana, fake currency worth more than a crore has been recovered from an HDFC bank chest located on Golf Course Road at Gurgaon. An FIR has been lodged on the complaint of the chest manager Umesh Sharma at the Sushant Lok police station.
The bank has submitted currency notes worth Rs 1,04,76,...
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Black Money |
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0 | Hits : 1452
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President Pranab Mukherjee Promulgates Ordinance to Tackle Cheque Bounce Cases
Posted Date : 17-Jun-2015 , 09:23:14 pm | Posted By CASANSAAR
An ordinance that will allow filing of cheque bounce case at the place where the cheque was presented for clearance has been promulgated by President Pranab Mukherjee.
The President has promulgated the Negotiable Instruments (Amendment) Ordinance, 2015, on Monday that will help lakhs of persons b...
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Category :
Corporate Law |
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0 | Hits : 880
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Smart and intelligent database soon to check income tax evasion
Posted Date : 17-Jun-2015 , 01:40:23 pm | Posted By CASANSAAR
A new “smart and intelligent” database is being set up in the Income Tax department to help check tax evasion, a “menace” that is “spoiling” compliance culture, a top CBDT official said today.
The database will immensely improve “mining” of data a...
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Category :
Income Tax |
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0 | Hits : 1251
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Standards adopted by RBI compliant with Basel standards
Posted Date : 17-Jun-2015 , 01:36:01 pm | Posted By CASANSAAR
The standards adopted by the Reserve Bank of India (RBI) with regard to risk-based capital requirements are 'compliant' with minimum Basel capital standards, the central bank said on Tuesday.
RBI in a release said that the Basel Committee on Banking Supervision (BCBS) under th...
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RBI |
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0 | Hits : 937
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SEBI issues new disclosure norms for ESOP schemes
Posted Date : 17-Jun-2015 , 01:31:53 pm | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) issued a circular on detailed disclosure norms for listed firms while exercising employee stock options programmes (Esop) to address concerns regarding potential market abuse.
The norms stipulate that the compensation committee constituted by comp...
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SEBI |
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0 | Hits : 884
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No coercion by taxmen to recover MAT dues, says CBDT
Posted Date : 17-Jun-2015 , 01:27:04 pm | Posted By CASANSAAR
In a breather for investors, Central Board of Direct Taxes, CBDT said taxmen will not resort to coercive methods to recover dues towards Minimum Alternate Tax, MAT on capital gains made by Foreign Institutional Investors. The Board said it will wait for the Supreme Court order on the issue. CBDT Cha...
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CBDT |
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0 | Hits : 918
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CBDT transferred 240 Principal Commissioners of Income Tax
Posted Date : 16-Jun-2015 , 08:59:38 am | Posted By CASANSAAR
CBDT transferred 240 Principal Commissioners of Income Tax.
In a major reshuffle of senior Indian Revenue Service (IRS) officers across the country, the Central Board of Direct Taxes (CBDT) on Monday transferred 240 Principal Commissioners of Income Tax (PCIT).
The transfer comes in the ba...
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CBDT |
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0 | Hits : 1482
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Download ISA-AT June, 2015 Admit Cards online - ICAI
Posted Date : 15-Jun-2015 , 10:21:12 pm | Posted By CASANSAAR
Admit Cards for the Information Systems Audit Assessment Test (ISA-AT) scheduled to be held on 27th June, 2015 have been hosted at http://isaat.icaiexam.icai.org. Please visit the site and download the same.
CA EXAM DEPTT.
...
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Category :
CA Exams |
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0 | Hits : 1023
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CASANSAAR Free Placement Cell for CA, CS, CMAs (For Job Seekers & Job Recruiters)
Posted Date : 15-Jun-2015 , 09:03:36 am | Posted By CASANSAAR
CASANSAAR had launched the CASANSAAR Free Placement Cell for CA, CS, CMAs. This Cell will assist Job Seekers & Job Recruiters for best fit..
If you have requirement of CA / CS / CMA's in your office / Firm / Company then you can contact CA...
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Category :
CA |
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0 | Hits : 2371
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Interviews for CEO posts at five PSU banks start on Monday
Posted Date : 15-Jun-2015 , 08:47:29 am | Posted By CASANSAAR
In a first for state-owned banks, candidates from private sector banks have been shortlisted for interviews, for the post of chief executive officer (CEO) and managing director (MD) at five large banks, beginning Monday.
As many as 26 candidates, including executives from private sector banks, ar...
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Category :
Income Tax |
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0 | Hits : 1045
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Govt asks Income Tax officers for ideas to widen tax base
Posted Date : 15-Jun-2015 , 08:40:35 am | Posted By CASANSAAR
The government has asked senior Income Tax (I-T) department officers to individually contribute at least three innovative ideas, to widen the tax base.
A senior official said a direction in this regard was given by Union Minister of State for Finance Jayant Sinha during the recently con...
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Category :
Income Tax |
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0 | Hits : 858
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ICAI ask for suggestions from Members on the CSR activities that can be undertaken by them as CAs/CA Firms
Posted Date : 13-Jun-2015 , 09:03:06 am | Posted By CASANSAAR
ICAI ask for suggestions from Members on the various CSR activities that can be undertaken by them as CAs/CA Firms.
Corporate Social Responsibility (CSR) is very vital in the present context of businesses. It is viewed as one of the most essential drivers while laying down the business plans and ...
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Category :
CA Firms |
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0 | Hits : 1351
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RBI Issues Final Guidelines for Interest Rate Futures
Posted Date : 13-Jun-2015 , 08:56:16 am | Posted By CASANSAAR
RBI issued final guidelines for the 6-year and 13-year cash settled interest rate futures (IRF).
"The final guidelines for introduction of the 6-year and the 13-year cash settled IRF on government securities with residual maturity of 4-8 years and 11-15 years, respectively have been issued,&...
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RBI |
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0 | Hits : 969
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MCA issues revised e-forms for Cost Audit
Posted Date : 13-Jun-2015 , 08:53:20 am | Posted By CASANSAAR
The government today issued revised forms for companies’ statutory filings on appointment of cost auditors and for the cost audit reports, while deadlines have also been extended for such submissions.
The new e-forms — CRA-2 and CRA-4 — have been notified by the Corporate Affa...
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Category :
Auditing |
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0 | Hits : 1159
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