Newly Married Woman CA found dead in hostel
Posted Date : 31-Mar-2015 , 08:08:07 am | Posted By CASANSAAR
A 27-year-old Chartered Accountant (CA) who was married earlier this month was found dead under suspicious circumstances in her room at a working women's hostel at Somajiguda on Monday.
The victim, Anusha, was a native of Janupally village near Amalapuram in East Godavari district of An...
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CA |
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1 | Hits : 2492
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ICAI suggest changes to Swachh Bharat cess calculation
Posted Date : 31-Mar-2015 , 08:02:18 am | Posted By CASANSAAR
Chartered accountants' apex body ICAI has suggested that the proposed cess of two per cent for clean India initiative should be calculated on the payable service tax instead of taxable services' value.
Calculating Swachh Bharat cess on the value taxable services ...
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ICAI |
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0 | Hits : 1402
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400 listed companies ignore SEBI rule, have no women directors on Board
Posted Date : 31-Mar-2015 , 07:51:53 am | Posted By CASANSAAR
Despite a SEBI deadline to appoint women directors coming to end in just two days, nearly 400 listed companies are yet to comply with the guideline. Listed companies are required to have at least one woman director before April 1 and recently, Sebi also indicated that there would not be any further ...
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SEBI |
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2 | Hits : 919
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RBI provides banks more flexibility to cover bad loan
Posted Date : 31-Mar-2015 , 07:37:49 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Monday allowed banks to divert a greater share of a mandatory contingency fund to provide for bad loans, a move that will improve lenders’ profitability and bolster their balance sheets.
RBI’s announcement sent banking stocks up 1-3%.
Under th...
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RBI |
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0 | Hits : 1356
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News about Bank Branch Audit-Allotment of Branches
Posted Date : 30-Mar-2015 , 08:44:39 pm | Posted By CASANSAAR
News about Bank Branch Audit-Allotment of Branches.
RBI has released the list for Bank branch audit & email received from following banks :-
(PNB, SBBJ, SBOP, Allahabad Bank, BOM, SBM, SBT, Bank of India, Andhra Bank, Dena Bank, SBI, BOI, Syndicate Bank, Canara Bank, UBI, BOB, CBI, Vijaya ...
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Bank Branch Audit |
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69 | Hits : 34730
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Govt to unveil new Foreign Trade Policy on 1st April 2015
Posted Date : 30-Mar-2015 , 08:03:21 am | Posted By CASANSAAR
The government will unveil the new Foreign Trade Policy on first on next month. The policy is aimed at giving fillip to exports with an objective to drive economic growth and create more employment opportunities.
Commerce and Industry Minister Nirmala Sitharaman in a tweet said, Foreign Trade Pol...
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DGFT |
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0 | Hits : 1398
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Tax shortfall: Finmin asks banks to deposit March TDS by month
Posted Date : 29-Mar-2015 , 06:46:56 pm | Posted By CASANSAAR
Worried over the shortfall in the overall direct tax collection kitty, the government has asked banks, both public and private, to not delay remitting of TDS funds of the current month into state coffers and do the same within the current financial year ending in March.
The Income ...
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TDS |
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0 | Hits : 1022
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RBI proposes to cut banks
Posted Date : 29-Mar-2015 , 09:12:50 am | Posted By CASANSAAR
In a move to reduce risks in the banking sector and curb the rising bad loans, the Reserve Bank of India (RBI) has proposed to reduce the exposure of a bank to a business group to 25 per cent of its capital, down from the existing level of 55 per cent.
The RBI proposal has come at time when man...
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RBI |
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0 | Hits : 1010
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RBI : Designated Bank Branches to Remain Open on March 30, 31
Posted Date : 28-Mar-2015 , 08:19:01 am | Posted By CASANSAAR
With a view to providing greater convenience to taxpayers, it has been decided that all designated branches of agency banks and Reserve Bank of India (RBI) offices conducting government business will keep their counters open for full day on March 30.
Besides, these branches would have extended ...
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RBI |
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0 | Hits : 1509
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ICAI and CIMA sign Memorandum of Understanding
Posted Date : 28-Mar-2015 , 08:14:19 am | Posted By CASANSAAR
CIMA (The Chartered Institute of Management Accountants) and ICAI (The Institute of Cost Accountants of India) have signed a historic MoU to allow proven ICAI members to fast-track in qualifying for the globally recognized and prestigious Chartered Global Management Accountant (CGMA) title, which re...
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ICAI |
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1 | Hits : 2793
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RBI changes public deposit rules for NBFCs
Posted Date : 28-Mar-2015 , 08:09:25 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Friday made revisions to the norms for non-banking finance companies (NBFCs).
These now say that if there is a downgrading of credit rating, below the minimum specified investment grade, an NBFC should immediately stop accepting public deposits.
The earlier r...
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RBI |
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0 | Hits : 1022
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SEBI issues guidelines for international financial centres
Posted Date : 28-Mar-2015 , 08:06:29 am | Posted By CASANSAAR
Moving a step closer to having a Dubai and Singapore-likeinternational financial services centres (IFSCs), India’s capital markets regulator Sebi on Friday issued broad guidelines for IFSCs – the first of which is to come up in Gujarat as Gujarat Intern...
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SEBI |
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0 | Hits : 782
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Income Tax to send OTP, include Aadhar to ease taxpayer e-filing
Posted Date : 27-Mar-2015 , 08:12:21 am | Posted By CASANSAAR
Taxpayers will soon get relief from sending a paper acknowledgement of their e-filed return as Income Tax department is set to introduce a new customer verification system for the task by sending One Time Passwords, validating net banking identity and enrolling Aadhaar number in the returns form.
...
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Income Tax |
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0 | Hits : 1661
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18 tax defaulters owe Rs 500cr to exchequer-Govt releases list
Posted Date : 26-Mar-2015 , 05:23:37 pm | Posted By CASANSAAR
The Revenue Department has made public the names of 18 tax defaulters who collectively owe over Rs 500 crore to the exchequer.
Out of the 18 defaulters, 11 are Gujarat-based, including Somani Cement with tax arrears of Rs 27.47 crore; Blue Information Technology (Rs 75.11 cr); Appletech Solutio...
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Income Tax |
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0 | Hits : 1227
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Bank Branches doing govt biz should be open on March 30 & 31: RBI
Posted Date : 26-Mar-2015 , 05:13:59 pm | Posted By CASANSAAR
The RBI has instructed all banks, who deal with government business, to keep designated branches open on March 30 and 31. In a notification issued yesterday, the apex bank asked that all such banks shall keep the counters of their designated branches open for full day on March 30 and 31st.
...
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Banking |
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0 | Hits : 1088
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ICAI News - HC ordered notice to ICAI, Union Ministry of Corporate Affairs
Posted Date : 26-Mar-2015 , 03:04:04 pm | Posted By CASANSAAR
The Madras High Court today ordered issue of notices to the Union Ministry of Corporate Affairs and the Institute of Chartered Accountants of India (ICAI), on a plea by a Chartered Accountant against the activities of ICAI.
Justice T S Sivagnanam on a...
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ICAI |
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2 | Hits : 3161
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Financial sector regulators under service tax scanner
Posted Date : 26-Mar-2015 , 08:04:32 am | Posted By CASANSAAR
It is the time of the financial sector regulators to come under the scanner of the services tax department. The service tax department has sent notice to Securities and Exchange Board of India (Sebi) for tax dues on income generated through its services. Sources said the total&nb...
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Service Tax |
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0 | Hits : 1001
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Bank Branch Audit Latest update
Posted Date : 25-Mar-2015 , 08:07:31 pm | Posted By CASANSAAR
Bank Audit Latest update :
Mail still not received by banks from RBI but as per RBI officials it will be shortly released.
(RBI are in consolidation process because some members had send multiple consents, as per news available.)
Members are waiting for the mails but no body knows the exe...
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Bank Branch Audit |
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5 | Hits : 5748
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Government approves ten (10) proposals of Foreign Direct Investment amounting to Rs. 2857.83 crore approx
Posted Date : 25-Mar-2015 , 06:02:36 pm | Posted By CASANSAAR
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 17.02.2015
Following 10 (ten) proposals have been approved by the Government:
Sl.
No.
Item ...
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International Business |
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0 | Hits : 1783
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Traders protest making PAN must for buying gold over Rs 1 lakh
Posted Date : 25-Mar-2015 , 05:41:38 pm | Posted By CASANSAAR
Bullion market remained closed in the national capitaltoday as traders refrained from doing business to protest the Budgetary proposal that would make it mandatory to quote PAN for purchases of above Rs 1 lakh.
“Making it mandatory to...
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PAN |
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0 | Hits : 959
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Bank Branch Audit - Allotment of Branches Update
Posted Date : 25-Mar-2015 , 10:04:00 am | Posted By CASANSAAR
Bank Branch Audit - Allocation of Branches Update:
Banks will start sending letters to members for allotment of branches by today. Banks had been asked for clearance of CSA List. If Banks provide it then from today itself or it may be further delayed.
Meeting of Central ...
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Bank Branch Audit |
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7 | Hits : 8738
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Companies can access all services of CA-CS-CMA from one source soon
Posted Date : 25-Mar-2015 , 08:48:42 am | Posted By CASANSAAR
In a move that could significantly alter the road map of corporate compliance, audit and consulting, three professional bodies (ICAI, ICSI,)are preparing a regulatory framework to allow a single entity to provide all such services to a company as early as this year.
The Institute of Charter...
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MDP |
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0 | Hits : 2783
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The Income Tax department collects over Rs 3,500 cr from non-filers
Posted Date : 24-Mar-2015 , 09:26:09 pm | Posted By CASANSAAR
The Income Tax department has issued over 20 lakh “intimations” and collected Rs. 3,569 crore in the current financial year from those taxpayers who had either not filed their tax returns or did so incorrectly.
Under its ‘non-filers tracking management system’,...
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Category :
Income Tax |
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0 | Hits : 1042
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Why Taxpayers May Not Have to Send Paper Acknowledgement for ITR
Posted Date : 24-Mar-2015 , 09:20:23 pm | Posted By CASANSAAR
Taxpayers in India will soon get relief from sending a paper acknowledgement of their e-filed ITR as Income Tax department is set to introduce a new customer verification system for the task by sending One Time Passwords, validating net banking identity and enrolling Aadhaar number in the returns fo...
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ITR |
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0 | Hits : 1478
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Freedom of Speech Online: Section 66A is Struck Down by Supreme Court
Posted Date : 24-Mar-2015 , 11:11:42 am | Posted By CASANSAAR
The Supreme Court on Tuesday upheld free speech online as it struck down the "vague" section 66A of the Information Technology Act, 2000, according to TV reports.
The petitioners had described Section 66A as vague and ambiguous and beyond the ambit of article 19 of the Constitution gu...
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Judicial Announcement |
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0 | Hits : 1475
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Income Tax Return: Better late than never
Posted Date : 24-Mar-2015 , 08:12:59 am | Posted By CASANSAAR
If you are yet to file income-tax return for the previous financial year (FY14/assessment year 2014-15), you still have a chance to do so by March 31. However, if you miss this deadline as well, the tax authorities could impose a fine of R5,000 ...
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Category :
ITR |
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0 | Hits : 1476
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SEBI clears norms for international finance centres
Posted Date : 24-Mar-2015 , 08:06:43 am | Posted By CASANSAAR
India on Sunday moved a step closer to having a Singapore- or Dubai-like financial hub, with the Securities and Exchange Board of India (Sebi) approving a framework for international financial centres (IFCs).
After its board meeting in New Delhi, the market regulator issued broad guidelines for I...
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SEBI |
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0 | Hits : 790
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RBI asks bankers not to outsource loan processing tasks
Posted Date : 24-Mar-2015 , 08:01:09 am | Posted By CASANSAAR
Concerned over the rising number of loan default cases, the RBI warned lenders against outsourcing their credit processing activities to third-party entities. “We encourage the banks that whatever is the non-core activity it should be outsourced. Let me tell you credit processing is not a...
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RBI |
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0 | Hits : 916
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Finmin launches national electronic I-T judicial database
Posted Date : 24-Mar-2015 , 07:52:48 am | Posted By CASANSAAR
The Finance Ministry has operationalised an ambitious electronic national database of judicial orders and appeals to de-congest and streamline huge litigation in the Income Tax Department and the Central Board of Direct Taxes (CBDT).
The much-talked about repository called the National Judicial R...
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Category :
Income Tax |
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0 | Hits : 846
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Bank Branch Audit Update
Posted Date : 23-Mar-2015 , 08:52:17 am | Posted By CASANSAAR
Bank Branch Audit Update:
Banks may get the final approval list from RBI today. Plz check your email on regular basis because banks will start alloting branches immidiately once received the final approval list from RBI
Most of the bank finalised allocation of branches, jus...
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Bank Branch Audit |
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11 | Hits : 8383
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