Government Approves Eleven (11) Proposals of Foreign Direct Investment (FDI) Amounting to About Rs. 1075.91 Crore
Posted Date : 20-Feb-2015 , 07:41:45 am | Posted By CASANSAAR
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 4th February 2015, Government has approved Eleven (11) proposals of Foreign Direct Investment amounting to Rs. 1075.91 croreapproximately.
&nbs...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 1396
|
 |
Printing of Budget 2015 document begins with 'Halwa' ceremony
Posted Date : 19-Feb-2015 , 05:34:02 pm | Posted By CASANSAAR
The process of printing documents for the Budget 2015-16 began today with the ritual 'halwa ceremony', which was attended by Finance Minister Arun Jaitley in the North Block office. It has been a tradition which has continued for long. As part of the ritual, 'halwa' is prepared in a big 'kadhai...
Continue Reading...
Category :
Budget |
Comments :
0 | Hits : 1351
|
|
Members are not permitted to use any other designation alongwith the designation Chartered Accountant - ICAI
Posted Date : 19-Feb-2015 , 08:19:53 am | Posted By CASANSAAR
ANNOUNCEMENTFOR ATTENTION OF THE MEMBERS
Re: Use of Designation(s) other than the designation of “Chartered Accountant”
It has been brought to the notice of the Institute that some members are using the certain designation (s) other than Chartered Accountant in addition...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1999
|
|
SC pulls up Govt for not appointing members in Tribunals
Posted Date : 19-Feb-2015 , 08:16:08 am | Posted By CASANSAAR
The Supreme Court today pulled up the Centre for "sitting over" for months on the recommendation of the Chief Justice of India for appointments in various tribunals including CAT, ITAT and NGT saying that litigants should not suffer due to vacancies in quasi judicial bodies.
A bench of Justic...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 902
|
|
English, Soft Skills, Economic Law Proposed in new CA syllabus
Posted Date : 18-Feb-2015 , 08:36:04 am | Posted By CASANSAAR
Aspiring CAs will have to brush up their English and communication skills, prepare to explain themselves in written examinations and take courses in a few new papers as Institute of Chartered Accountants of India plans to revamp the syllabus of the course many already consider tough.
The dr...
Continue Reading...
Category :
Students Zone |
Comments :
0 | Hits : 2053
|
|
Railways, 18 companies face probe for Service tax evasion of Rs.1000 Cr
Posted Date : 18-Feb-2015 , 08:20:06 am | Posted By CASANSAAR
The Indian Railways, Container Corporation of India (Concor), a navratna PSU, and 17 private companies, including the Adani group, are facing investigations for evasion of service tax to the tune of Rs 1,000 crore.
Indian Railways and Concor along with a private company have even been slapped with ...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 1357
|
|
CAT allows visually impaired to participate in Auditor's exam
Posted Date : 18-Feb-2015 , 08:16:19 am | Posted By CASANSAAR
The Central Administrative Tribunal (CAT) has asked the government to allow a visually- impaired staffer to appear in an examination for promotion to the post of auditor, which was denied on the ground that the post was not suitable for the blind. A bench of CAT's judicial officer V Ajay Kumar ...
Continue Reading...
Category :
Auditing |
Comments :
0 | Hits : 1209
|
|
Fin Min detects Rs 250 cr tax evasion through entry operators
Posted Date : 17-Feb-2015 , 10:01:04 pm | Posted By CASANSAAR
Tightening noose around the illegal entry operators, the Finance Ministry has detected routing of about Rs 250 croreblack money through fake entries via non-existent business entities.
The modus operandi of providing 'accommodation entries by entry operators' was found by Central Eco...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1445
|
|
New Upgraded and Secure Portal for E-Filing of Applications for Foreign Direct Investment Launched
Posted Date : 17-Feb-2015 , 09:53:22 pm | Posted By CASANSAAR
Department of Economic Affairs, Ministry of Finance launched here today a new upgraded and secure user friendly web site for filing and processing of applications for Foreign Direct Investment (FD) requiring Government approval. Presently the applications are filed online at www.fipbindia.com&n...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 907
|
|
Deloitte appoints India-born Punit Renjen as Global CEO
Posted Date : 17-Feb-2015 , 08:25:18 am | Posted By CASANSAAR
India-born Punit Renjen, chairman of the board of the Deloitte US member firm, has been named Deloitte Global’s new chief executive officer (CEO). He will assume the new role on June 1.
Renjen succeeds Barry Salzberg, who will retire fromDeloitte Global and become a professor of pro...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 1157
|
|
Income Tax department to file case against HSBC bank
Posted Date : 17-Feb-2015 , 08:16:43 am | Posted By CASANSAAR
Income Tax department is likely to file a case against HSBC bank, Geneva, for allegedly “abetting” tax evasion in India by way of unauthorisedly operating accounts of its citizens in its overseas branch.
The department has come under fire after International Consortium of Invest...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1231
|
|
Bank employees to go on 4-day strike from February 25
Posted Date : 16-Feb-2015 , 08:41:20 am | Posted By CASANSAAR
Bank employees are threatened to go on a strike for four days from February 25-28, followed by an indefinite strike from March 16th.
The announcement comes after wage negotiations talks, between the United Forum of Bank Unions (UFBU) and the Indian Banks Association (IBA), wa...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 1395
|
|
RBI allows flexibility in raising foreign currency funds
Posted Date : 14-Feb-2015 , 09:01:45 am | Posted By CASANSAAR
Eliminating currency risk for borrowers planning to raise foreign currency funds has turned a tad easier.The Reserve Bank of India has allowed greater flexibility for them in hedging offshore exposure by way of permitting residents to re-book any swap or derivative contract."It has been decided that...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1050
|
|
NRI payments: CBDT clarifies on scope of Disallowance
Posted Date : 14-Feb-2015 , 08:56:10 am | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) has clarified on the scope of disallowance on payments made to non-residents on which tax ought to have been withheld.
It has now issued a clarificatory circular, which will help bring certainty in the law so as to avoid potential litigation, say tax...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1092
|
|
President of India appoints Arvind Kejriwal as Chief Minister of Delhi
Posted Date : 14-Feb-2015 , 08:50:08 am | Posted By CASANSAAR
The President of India, Shri Pranab Mukherjee has revoked the Order issued on February 16, 2014 under article 239AB of the Constitution in relation to the National Capital Territory of Delhi, with effect from February 14, 2015. The President has appointed Shri Arvind Kejriwal as the Chief Minis...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 873
|
|
CBDT sets up committee to simplify tax procedures
Posted Date : 13-Feb-2015 , 08:16:08 am | Posted By CASANSAAR
In yet another step to simplify tax procedures, CBDT has constituted a committee to redraft existing guidelines for undertaking write-off procedures in irrecoverable tax demand cases. The five-member committee will be headed by a Chief Commissioner of Income Taxand has been asked...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 865
|
|
Shift in the Focus of the Income Tax Department (ITD) from Civil Consequences to Criminal Consequences in Serious Cases of Tax Evasion
Posted Date : 13-Feb-2015 , 07:52:47 am | Posted By CASANSAAR
Shift in the Focus of the Income Tax Department (ITD) from Civil Consequences to Criminal Consequences in Serious Cases of Tax Evasion; During 2014-15 (upto Dec, 2014) the ITD Has Conducted Searches in 414 Groups, Seized Undisclosed Assets of Rs. 582 Crore; Undisclosed Income of Rs. ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 852
|
|
ICAI elects New Torch Bearers for the year 2015-16
Posted Date : 12-Feb-2015 , 06:56:55 pm | Posted By CASANSAAR
Press ReleaseICAI elects New Torch Bearers for the year 2015-16
The Institute of Chartered Accountants of India (ICAI) is a statutory body established by the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountants in India. The affairs of the ICAI a...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 922
|
|
CA. M.Devraja Reddy Elected as New Vice-President of ICAI for the year 2015-16
Posted Date : 12-Feb-2015 , 03:18:34 pm | Posted By CASANSAAR
CA. M.Devraja Reddy Elected as New Vice-President of ICAI for the year 2015-16. 15 Council Members contested for the post of Vice President. Out of 15, CA. M.Devraja Reddy gt maximum votes and elected as New VP of ICAI.
Many Many Congrats to CA. M.Devraja Reddy
Good ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1354
|
|
First time in the History of ICAI, President of ICAI Elected by Votes
Posted Date : 12-Feb-2015 , 01:51:42 pm | Posted By CASANSAAR
Every Year Vice President of ICAI become President of ICAI but this time in the history of ICAI, council had decided to go for President Elections. History is being written by Current Council Members.
CA.Manoj Fandis Elected as New President of ICAI for the year 2015-16.
Congrats ...
Continue Reading...
Category :
ICAI |
Comments :
1 | Hits : 3633
|
|
New President & Vice President of ICAI
Posted Date : 12-Feb-2015 , 08:43:47 am | Posted By CASANSAAR
Today, Central Council Members of the Institute of Chartered Accountants of India (ICAI) will elect the New President & Vice President.
Normally Vice President of the ICAI is elected as President but this time some Central Council Members are opposing this trend and want to elect ...
Continue Reading...
Category :
ICAI |
Comments :
1 | Hits : 2985
|
|
AAP, Congress get income tax notices
Posted Date : 12-Feb-2015 , 08:09:29 am | Posted By CASANSAAR
The income tax department has served a notice on the Aam Aadmi Party (AAP), seeking an explanation about the charges of receiving funds from dubious sources as alleged by a splinter group of the party.
A similar notice has also been served on the Congress party...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1106
|
|
I. Tax Dept Initiates Investigation into Issuance of Cheques by Companies Which are Acting as Entry Operators to Convert Illegal Cash into Legitimate Money
Posted Date : 11-Feb-2015 , 06:47:30 pm | Posted By CASANSAAR
Income Tax Department, Ministry of Finance, Government of India had initiated investigation into issuance of cheques by companies which are acting as entry operators to convert illegal cash into legitimate money. Recently in Kolkata, this investigation led to detection of substantial unaccounted inc...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1115
|
|
Group to review/finalise the draft amendments in the Chartered Accountants Regulations, 1988 arising out of new Scheme of Education and Training - ICAI
Posted Date : 11-Feb-2015 , 06:44:43 pm | Posted By CASANSAAR
10th February, 2015
ALL MEMBERS OF THE COUNCIL
Dear Sir,The President, in terms of the authority given to him by the Council at its 331st meeting held in February, 2014, has constituted a Group comprising the following members, to review/finalise the draft amendments in the Chartered A...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 894
|
|
SIT expects income tax department to recover Rs 10,000 crore by March 31
Posted Date : 11-Feb-2015 , 08:35:22 am | Posted By CASANSAAR
The Supreme Court-appointed special investigation team (SIT) on black money expects the income tax department to recover Rs 10,000 crore by March 31 as tax and penalty for tax evasion from 300-odd Indians who hold illegal accounts in Swiss banks. "Under the supervision of the SIT, the I-T depar...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1042
|
|
Comments Invited on the Interim Report of Bankruptcy Law Reforms Committee by 20th February, 2015
Posted Date : 10-Feb-2015 , 08:43:14 pm | Posted By CASANSAAR
The Union Finance Minster Shri Arun Jaitley during his Budget Speech of 2014-15 announced that an entrepreneur friendly legal bankruptcy framework would be developed for SMEs to enable easy exit.
Pursuant to the above announ...
Continue Reading...
Category :
Budget |
Comments :
0 | Hits : 894
|
|
Results of Delhi Assembly Elections-2015
Posted Date : 10-Feb-2015 , 05:27:17 pm | Posted By CASANSAAR
Counting of votes has begun for the Delhi Assembly elections. It is being carried out at 70 centres across the city amidst tight security.Initial trends in the Delhi Assembly polls show that Aam Aadmi Party has taken an early lead in the counting with its candidates leading in 65 constituencies.
&n...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 1551
|
|
ICAI, YES BANK and BSE declare partnership for Financial Literacy
Posted Date : 10-Feb-2015 , 08:18:16 am | Posted By CASANSAAR
Financial Literacy is a critical success factor towards achieving the Government of India’s Vision of achieving complete Financial Inclusions. Basic financial knowledge is crucial to help our citizens become financially responsible as well as secure their financial future and motivate them to ...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 1410
|
|
RBI asks lenders to makechecks on export advances
Posted Date : 10-Feb-2015 , 08:03:37 am | Posted By CASANSAAR
The Reserve Bank of India has asked banks to ensure they comply with rules regarding monitoring of export advances that flow into India, saying lenders needed to ensure that outbound shipments are carried out within the stipulated timeframe.
“Banks should exercise proper due diligence...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 743
|
|
Expected AAP win in Delhi, Chinese data, Greece pull sensex down nearly 500 points
Posted Date : 09-Feb-2015 , 05:28:23 pm | Posted By CASANSAAR
A combination of domestic concerns and international developments pulled the markets down on Monday with the sensex closing nearly 500 points lower, its seventh consecutive session of losses. Expectations that Aam Admi Party (AAP) may win Delhi elections handing the first state election defeat ...
Continue Reading...
Category :
Shares & Stock |
Comments :
0 | Hits : 840
|
|
|
