Updates on Bank Branch Audit - Allotment of Branches
Posted Date : 20-Mar-2015 , 08:58:12 am | Posted By CASANSAAR
Bank had finalsed the list for bank branch audits & forwarded the same to RBI for final approval. Once its approved by RBI, banks will start the process of Allotment of branches. it may take 1-2 days. So Most of the banks will start the process for allotment of branches for Bank Branch Audit fro...
Continue Reading...
Category :
Bank Branch Audit |
Comments :
0 | Hits : 8773
|
 |
New tax residence norms may not cover foreign firms
Posted Date : 20-Mar-2015 , 08:29:56 am | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) will issue detailed guidelines to ensure that non-resident companies holding a board meeting or two in India do not get any tax demands on their global income on account of New Delhi’s newwider definition of ...
Continue Reading...
Category :
CBDT |
Comments :
0 | Hits : 919
|
|
FinMin restricts Internet access for director-level officers
Posted Date : 19-Mar-2015 , 09:00:55 am | Posted By CASANSAAR
Amid a CBI probe into leakage of secret documents, Finance Ministry has clamped down on the use of Internet and private emails by those up to the director level in the Department of Economic Affairs (DEA), restricting the access only to official mails and government websites.
"The DEA office...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 1215
|
|
PAN mandatory for service tax registration: FinMin
Posted Date : 19-Mar-2015 , 08:52:17 am | Posted By CASANSAAR
Permanent Account Number (PAN) is now mandatory for private firms for getting service tax registration besides email and mobile number.
“Applicants, who are not government departments shall not be granted registration in the absence of PAN,” according to an order issued by the Finan...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 1114
|
|
Empanelment of
Posted Date : 18-Mar-2015 , 06:23:23 pm | Posted By CASANSAAR
18th March, 2015
The concessions extended by the Institute of Chartered Accountants of India, to differently abled candidates, in CA examinations, inter alia include a) compensatory time and/or b) writer (scribe). Detailed guidelines in this regard are hosted in the students>examination sectio...
Continue Reading...
Category :
CA Announcement |
Comments :
0 | Hits : 2151
|
|
Centre, RBI can look into NPAs of nationalised banks : Bombay High Court
Posted Date : 18-Mar-2015 , 08:37:09 am | Posted By CASANSAAR
The Centre and Reserve Bank of India are competent to look into the non-performing assets of nationalised banks, said Bombay High Court while dismissing a public interest litigation last week. The PIL had sought a probe by Central Bureau of Investigation into the fraudulent grant of loans ...
Continue Reading...
Category :
NPA |
Comments :
0 | Hits : 1296
|
|
CBI to quiz RIL official, CA today in info leak
Posted Date : 18-Mar-2015 , 08:32:40 am | Posted By CASANSAAR
The CBI is all set to examine a senior official of the Reliance Industries Ltd on Wednesday in connection with its investigations into the corporate espionage case. Besides, the agency is also expected to examine CA Rajendra Chitale, partner of Chitale and Associates who is also on board of several ...
Continue Reading...
Category :
CA |
Comments :
0 | Hits : 1217
|
|
Govt approves Rs 33,000 cr CST compensation to states/UTs
Posted Date : 18-Mar-2015 , 08:19:34 am | Posted By CASANSAAR
Government Tuesday approved the release of Rs 33,000 crore in tranches to states and Union Territories to compensate them for revenue loss on account of phasing out of Central Sales Tax (CST) for three financial years up to 2012-13.
In the first phase, Rs 10,800 crore is payable for 2010-11 as ba...
Continue Reading...
Category :
CST |
Comments :
0 | Hits : 1483
|
|
ICAI Election - Update your professional address online before 31/03/2015
Posted Date : 17-Mar-2015 , 08:49:47 am | Posted By CASANSAAR
Every three year ICAI conducts ICAI Elections for its office bearers. This time its in the month of December 2015.
ICAI has divided in 5 Region
Northern Region (NIRC)
Central Region (CIRC)
Western Region (WIRC)
Southern Region (SIRC)
Eastern Region (EIRC)
Each Reg...
Continue Reading...
Category :
ICAI Election |
Comments :
0 | Hits : 6301
|
|
CBDT announces Audit relief for MNCs
Posted Date : 17-Mar-2015 , 08:35:01 am | Posted By CASANSAAR
The finance ministry on Monday announced rules for multinational companies to seek the benefit of “no-audit-agreements” they sign with the tax department for four prior years as well.
Central Board of Direct Taxes (CBDT) has amended income tax rules to allow a four year ro...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1429
|
|
High Court lays down rules on taxation of ad spend by MNCs
Posted Date : 17-Mar-2015 , 08:28:39 am | Posted By CASANSAAR
The Delhi High Court has laid down principles governing taxation of advertising and marketing spends by multinational firms, a ruling that could bring significant relief to these companies facing thousands of crores in income tax demands and potentially make doing business in India easier. ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 858
|
|
Fraudulent Investment Websites Under SEBI Scanner: Report
Posted Date : 17-Mar-2015 , 08:23:26 am | Posted By CASANSAAR
A large number of fraudulent websites, luring investors with promise of high and quick returns in stock market, have come under the scanner of the Securities and Exchange Board of India (Sebi) and may have to soon shut shop and pay huge penalties.
Sources said that over 50 such websites have come...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 928
|
|
ICAI Elections 2012 - Updates on Counting of Votes (NORTHERN REGION)
Posted Date : 17-Mar-2015 , 07:16:24 am | Posted By CASANSAAR
Opening of Ballot Boxes & Postal Ballots for elections to Central Council & Regional Council - Northern Region, to Commence at 11:00 AM on Tuesday, the 1st January,2013.
...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1784
|
|
ICAI Elections 2012 - LIVE Updates on Counting of Votes Northern Region - CENTRAL COUNCIL (CC)
Posted Date : 17-Mar-2015 , 07:15:35 am | Posted By CASANSAAR
NORTHERN REGION - CENTRAL COUNCIL (CC).
S.NO. AS PER ICAI
NAME OF CANDIDATE
FIRST PREF.
VOTES
TOTAL VOTES
RESULT
1
AGARWAL M K
...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 9906
|
|
ICAI Elections 2012 - LIVE Updates on Counting of Votes Northern Region - REGIONAL COUNCIL (NIRC)
Posted Date : 17-Mar-2015 , 07:15:20 am | Posted By CASANSAAR
NORTHERN REGION - REGIONAL COUNCIL (NIRC)
S.NO. AS PER
ICAI
NAME OF CANDIDATE
FIRST
PREF.
VOTES
TOTAL VOTES
RESULT
1
AGRWAL HARIT
...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 18358
|
|
Declaration of Candidature by CA Vivek Khurana for NIRC Elections
Posted Date : 17-Mar-2015 , 07:07:15 am | Posted By CASANSAAR
CA Vivek Khurana has declared his candidature for the Regional Council Elections (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...
Continue Reading...
Category :
ICAI Election |
Comments :
1 | Hits : 2994
|
|
Sebi warns to listed companies to appoint woman directors by March-end
Posted Date : 16-Mar-2015 , 03:45:31 pm | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) has shot off a fresh warning to listed companies to appoint, at least, one woman director on their Boards by the April 1 deadline failing which they would face regulatory action. The market regulator was informed by the stock exchanges that close to ...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 1039
|
|
ICAI provides clarity on auditor's fraud reporting norms
Posted Date : 16-Mar-2015 , 08:07:39 am | Posted By CASANSAAR
In a new guidance to auditors on reporting suspected frauds, ICAI has asked them to apply "professional skepticism" before flagging such cases to the government and take into account the measures already taken by the companies internally.
In a detailed guidance note on reporting o...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1230
|
|
Govt moves to tighten audit norms in rural job scheme
Posted Date : 16-Mar-2015 , 07:43:27 am | Posted By CASANSAAR
The Narendra Modi government has moved to plug leakages in the rural job scheme, tightening norms for social audit of the programme to ensure speedy follow-up on their findings.
The move comes a fortnight after the prime minister called the scheme “a living reminder” of fai...
Continue Reading...
Category :
Auditing |
Comments :
0 | Hits : 902
|
|
ICAI will take disciplinary action against arrested CA, PwC official questioned
Posted Date : 15-Mar-2015 , 11:08:17 pm | Posted By CASANSAAR
Chartered accountants’ apex body ICAI today said it will initiate necessary disciplinary action against member Khemchand Gandhi, who has been arrested by the CBI for allegedly leaking “secret” government documents, after receiving details from the investigative agency.
The Ins...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1679
|
|
Corporate espionage: CBI names consultancy firm PwC as a suspect
Posted Date : 15-Mar-2015 , 01:28:51 pm | Posted By CASANSAAR
An official of a high profile consultancy group has come under CBI scanner in connection with its probe into the alleged sale of confidential government records on foreign investment policies to corporate groups by officials.
CBI sources said that during the questioning of five arrested persons i...
Continue Reading...
Category :
Chartered Accountant |
Comments :
0 | Hits : 1461
|
|
ICAI Constitutes Expert Panel for Addressing Bank Branch Audit Queries for FY 2014-15
Posted Date : 14-Mar-2015 , 10:16:21 pm | Posted By CASANSAAR
Dear Members,
The bank branch audit season is around the corner. Given the fact that the banking industry is typical in terms of its geographical and customer spread, the volume and varied nature of products and services offered, coupled with the strict constraints for completing the audits,...
Continue Reading...
Category :
Bank Branch Audit |
Comments :
0 | Hits : 1694
|
|
Updates on allotment of Statutory Bank Branch Audits
Posted Date : 14-Mar-2015 , 04:03:01 pm | Posted By CASANSAAR
Banks has start sending emails for Bank Branch Statutory Audits.
Mails received from following Banks as per our confirmation.
Syndicate Bank
Canara Bank
Bank of Baroda
Bank of India
Union Bank of India
Punjab National Bank
UCO Bank
Allahabad ...
Continue Reading...
Category :
Bank Branch Audit |
Comments :
0 | Hits : 30574
|
|
Corporate Espionage: CBI conducts more raids Law Firm, CA Firms
Posted Date : 14-Mar-2015 , 11:10:10 am | Posted By CASANSAAR
Widening its probe in the corporate espionage scandal, the Central Bureau of Investigation (CBI) on Friday searched the premises of another CA firms and a law firm in Mumbai for allegedly acting as intermediaries to pass on sensitive information from government officials to corporate ...
Continue Reading...
Category :
CA Firms |
Comments :
0 | Hits : 1297
|
|
Total NPAs of banks increase to Rs 3,00,611 crore
Posted Date : 14-Mar-2015 , 08:44:39 am | Posted By CASANSAAR
The Non Performing Assets (NPAs) of the banks in the country stood at Rs 3,00,611 crore as on December 2014, government told Lok Sabha Friday, attributing the increase of NPAs to sluggishness in growth.
Of the total NPAs, Rs 2,62,402 crore belonged to nationalised banks, Rs 38,209 belonged to pri...
Continue Reading...
Category :
NPA |
Comments :
0 | Hits : 1016
|
|
High court picks holes in hospital
Posted Date : 14-Mar-2015 , 08:41:21 am | Posted By CASANSAAR
The Bombay high court refused any relief to a hospital run by Yash Society, a charitable trust of the Birla group, that was seeking income tax exemption on the grounds that it was running a philanthropic institution.
A division bench of Justice M S Sanklecha and Justice G S Kulkarni questioned th...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1000
|
|
Service of MCA Portal will not be available on 14-03-2015
Posted Date : 13-Mar-2015 , 08:41:58 am | Posted By CASANSAAR
Services on MCA (www.mca.gov.in) portal will not be available from 08:00 AM to 06:00 PM on Saturday, 14th March 2015. We regret the inconvenience caused and request the stakeholders to plan accordingly.- MCA
...
Continue Reading...
Category :
MCA |
Comments :
0 | Hits : 989
|
|
MNCs face retro tax notice after tax notice to Cairn India
Posted Date : 13-Mar-2015 , 08:31:40 am | Posted By CASANSAAR
Even after the government clarified that multinational companies in India do not have to pay retrospective tax, sword is still hanging on more than 500 MNCs whose underlying assets are in India.
The income tax department is doing reassessment of all retrospective tax cases that a...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 991
|
|
Corporate Espionage : CBI nabs govt officials, CA for selling confidential paper to corporates
Posted Date : 13-Mar-2015 , 08:16:55 am | Posted By CASANSAAR
Busting a major ring of a well known CA and government servants, CBI has registered a case of alleged sale of confidential documents related to foreign investment policies which were passed on to major corporate groups of the country.
CBI sources said a major coordinated search operation ...
Continue Reading...
Category :
CA |
Comments :
0 | Hits : 1344
|
|
Jet Airways faces IT dept scrutiny over TDS defaults
Posted Date : 13-Mar-2015 , 07:42:56 am | Posted By CASANSAAR
Income Tax authorities have slapped a prosecution notice on the Naresh Goyal-promoted Jet Airways for alleged default in payments of tax deduction at source (TDS), official sources said on Thursday.
The notice was served to the Mumbai-headquartered airline after tax personnel said ...
Continue Reading...
Category :
TDS |
Comments :
0 | Hits : 1068
|
|
|
