An amount of Rs 4.5 lakh crore stuck in tax appeals
Posted Date : 26-Feb-2015 , 09:55:14 pm | Posted By CASANSAAR
The centre and Supreme Court are taking progressive measures to reduce the tax litigation in India but it may not be such an easy task.
As per an analysis of the annual report of ministry of finance for the fiscal year 2013 - 14 the quantum of money stuck in tax appeals ...
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Income Tax |
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Insurance Cos can hire agents without IRDA license from Apr 1
Posted Date : 26-Feb-2015 , 07:22:47 pm | Posted By CASANSAAR
Insurance Regulatory and Development Authority of India(IRDA) today said insurance companies can appoint individual agents on their own without license from the regulator from April 1.
IRDA chairman T S Vijayan said the regulator also plans to make health insurance, so far considere...
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General |
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Rail Budget 2015: No Increase in Passenger Fares, No New Trains Announced
Posted Date : 26-Feb-2015 , 02:43:43 pm | Posted By CASANSAAR
Railway Minister Suresh Prabhu played safe in his maiden Budget refusing to take the populist route of announcing a large number of new trains but also failed to take measures to increase the earnings of the public transporter by not increasing the passenger fare.
With no major announcement...
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Budget |
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Railways to undertake systematic human resource Audit
Posted Date : 26-Feb-2015 , 02:22:23 pm | Posted By CASANSAAR
The Union Railway Minister Shri Suresh Prabhakar Prabhu has announced that a systematic Human Resource Audit would be undertaken to prepare the workforce of Indian Railways for the future and for enhancing organizational performance . Presenting the Railway Budget for 2015-16 in Parliament today he ...
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Budget |
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Nine Major Thrust Areas in the Railway Budget 2015-16
Posted Date : 26-Feb-2015 , 02:19:42 pm | Posted By CASANSAAR
The Minister of Railways Shri Suresh Prabhakar Prabhu while presenting the Railway Budget 2015-16 in Parliament today has said that there are nine thrust areas in this Budget which are as follows:
1. Indian Railways to become prime mover of economy once ag...
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Budget |
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Size of Plan Budget of Railways up by 52%
Posted Date : 26-Feb-2015 , 02:18:52 pm | Posted By CASANSAAR
The Union Railway Minister Shri Suresh Prabhakar Prabhu has announced that the size of the Plan Budget has gone up by 52% from Rs. 65,798 crore in 2014- 15 to Rs. 1,00,011 crore in 2015-16. Support from the Central Government constitutes 41.6% of the total Plan Budget and Internal generation 17.8 %....
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Budget |
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24x7 Helpline Number 138 to Redress Problems of Passengers
Posted Date : 26-Feb-2015 , 02:17:08 pm | Posted By CASANSAAR
The Minister of Railways Shri Suresh Prabhakar Prabhu has said that an all - India helpline number, 138, will become functional to attend to the problems of passengers on a real time basis. Presenting the Railway Budget 2015-16 in Parliament today Shri Prabhu said, passengers will be able to call up...
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Budget |
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Posted Date : 26-Feb-2015 , 02:14:41 pm | Posted By CASANSAAR
The Minister of Railways Shri Suresh Prabhakar Prabhu has said that ensuring higher standards of cleanliness is of utmost priority for Indian Railways. He said, his Ministry wants to make Swachh Rail the driving force behind the Government’s flagship programme ‘Swachh Bharat Abhiyan&rsqu...
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Budget |
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Railways to Work on
Posted Date : 26-Feb-2015 , 02:14:05 pm | Posted By CASANSAAR
The Minister of Railways Shri Suresh Prabhakar Prabhu has said that ensuring higher standards of cleanliness is of utmost priority for Indian Railways. He said, his Ministry wants to make Swachh Rail the driving force behind the Government’s flagship programme ‘Swachh Bharat Abhiyan&rsqu...
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Budget |
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Finance Ministry to Provide Budgetary Support of Rs 40,000 Crore for the Railway
Posted Date : 26-Feb-2015 , 02:13:29 pm | Posted By CASANSAAR
The Railway Minister has said that the Ministry of Finance has communicated a Gross Budgetary Support of Rs. 40,000 crore for the Railway’s annual Plan. Presenting the Railway Budget 2015-16 in Parliament today Railway Minister Shri Suresh Prabhakar Prabhu said Rs. 1,645.60 crore has also been...
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Budget |
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Foreign Rail Technology Co-Operation Scheme Proposed to be Launched
Posted Date : 26-Feb-2015 , 02:12:20 pm | Posted By CASANSAAR
The Union Railway Minister Shri Suresh Prabhakar Prabhu has announced the proposal to launch “Foreign Rail Technology Cooperation Scheme” in order to achieve the higher quality service for our nation. Presenting the Railway Budget for 2015-16 in Parliament today he said that Technology i...
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Budget |
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Train Protection Warning System & Train Collision Avoidance System on Select Routes
Posted Date : 26-Feb-2015 , 02:11:27 pm | Posted By CASANSAAR
The Union Railway Minister Shri Suresh Prabhakar Prabhu has announced that Railways proposes to install Train Protection Warning System and Train Collision Avoidance System on select routes at the earliest. Presenting the Railway Budget for 2015-16 in Parliament today, he informed the members that t...
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Budget |
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Railways Intends to set up an Innovation Council Called
Posted Date : 26-Feb-2015 , 02:10:44 pm | Posted By CASANSAAR
The Union Railway Minister Shri Suresh Prabhakar Prabhu has announced the Railways intends to set up an innovation council called “Kayakalp” for the purpose of business re-engineering and introducing a spirit of innovation in Railways in accordance with the vision of Hon’ble Prime ...
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Budget |
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Financial Performance of Railways during 2014-15
Posted Date : 26-Feb-2015 , 02:09:49 pm | Posted By CASANSAAR
Railway Minister Shri Suresh Prabhkar Prabhu has said that the passenger earnings which were budgeted to increase by 22.2% have been scaled down to 17.7% keeping in view the persistent negative growth trend, particularly in non suburban non-PRS segment of travel. Presenting the Railway Budget 2015-1...
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Budget |
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SMS Alert Service for Arrival/Departure Time of Trains
Posted Date : 26-Feb-2015 , 02:09:02 pm | Posted By CASANSAAR
The Minister of Railways Shri Suresh Prabhakar Prabhu has said that it is proposed to introduce an “SMS Alert” service to inform passengers in advance the updated arrival/departure time of trains at starting or destination stations. Similarly SMS alert would be sent 15/30 minutes in adva...
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Budget |
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Railways to Integrate Best Food Chains for E-Catering
Posted Date : 26-Feb-2015 , 02:08:23 pm | Posted By CASANSAAR
The Minister of Railways Shri Suresh Prabhakar Prabhu has said that to provide freedom to passengers to select their meals from an array of choices including local cuisine, e-catering has been introduced in 108 trains on an experimental basis from January this year. Food can be ordered through the I...
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Budget |
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Mobile Phone Charging Facilities to be Provided in General Class Coaches
Posted Date : 26-Feb-2015 , 02:07:44 pm | Posted By CASANSAAR
The Minister of Railways Shri Suresh Prabhakar Prabhu has said that Indian Railways’ Delhi Division is taking up a project for introducing on-board entertainment on select Shatabdi trains on license fee basis. He said,depending on the response, the facility will be extended on all Shatabdi tra...
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Budget |
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Railway Minister Outlines Four Goals for Transforming Indian Railways over next Five Years
Posted Date : 26-Feb-2015 , 01:33:26 pm | Posted By CASANSAAR
The Minister of Railways Shri Suresh Prabhakar Prabhu has outlined four goals for Indian Railways to transform it over the next five years. These goals are:
a) To deliver a sustained and measurable improvement in customer experience, the Indian Railways is launching initiatives that will sy...
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Budget |
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Railway Minister Spells Out Five Point Execution Strategy for Transforming Indian Railways
Posted Date : 26-Feb-2015 , 01:32:27 pm | Posted By CASANSAAR
The Minister of Railways Shri Suresh Prabhakar Prabhu while presenting the Railway Budget 2015-16 in Parliament today has said that the goals of transforming Indian Railways will be achieved with a five point execution strategy. These are:
a) Adopting a medium-term perspective:
Budget...
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Budget |
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Rail Budget 2015 - Live Updates
Posted Date : 26-Feb-2015 , 01:20:59 pm | Posted By CASANSAAR
FOR all Live Updates on Rail Budget just refresh it or press F5. - PRABHU KI RAIL....
Suresh Prabhu has ended his Rail Budget speech.
Review being done so that we can introduce new trains. It will be done in this budget session itself.
New trains and increased frequency wi...
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Budget |
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First time Rail Budget by a Chartered Accountant (Railway Minister Suresh Prabhu) - Good Luck
Posted Date : 26-Feb-2015 , 10:17:16 am | Posted By CASANSAAR
Proud Moment for CA Fraternity, Our Professional Colleague who is a Railway Minister in Union Govt of India is going to present his first Rail Budget.
Wishing Good Luck to CA Suresh Prabhu by team & members of CASANSAAR.
With the aim of clearing the financial and adm...
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Budget |
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Pan India Mobile number portability from May 3
Posted Date : 26-Feb-2015 , 08:03:57 am | Posted By CASANSAAR
From May 3, subscribers will be able to retain the same mobile number on relocating to anywhere in India. The Telecom Regulatory Authority of India amended the mobile number portability (MNP) regulations yesterday to allow users to change their service provider in any part of the country while retai...
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General |
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Creation of two additional benches of the Authority for Advance Rulings (Income Tax)
Posted Date : 26-Feb-2015 , 08:02:47 am | Posted By CASANSAAR
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval to the following:- i. Creation of two additional benches of the Authority for Advance Rulings (Income Tax), one in New Delhi and one new bench in Mumbai; ii. creation of two posts of Vice-Chairmen ...
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Income Tax |
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PM
Posted Date : 25-Feb-2015 , 08:53:00 am | Posted By CASANSAAR
Financial inclusion initiatives in the country, including Jan-Dhan Yojana, Prime Minister Narendra Modi's pet project for the financial sector, is facing an unexpected hurdle in the form of high service tax because of an anomaly in tax rules. As a result, banks and banking corres...
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Service Tax |
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More than 7 years after CBDT circular, difference between business income & capital gains unclear
Posted Date : 25-Feb-2015 , 08:41:04 am | Posted By CASANSAAR
After more than seven-and-a-half years of Central Board of Direct Taxes’ (CBDT) circular, which sought to differentiate cash market earnings as business income and capital gains, there is still no clarity on the subject.
The circular, issued in June 2007, had said that purchase and sa...
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Income Tax |
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14th Finance Commission (FFC) Report Tabled in Parliament
Posted Date : 25-Feb-2015 , 08:30:45 am | Posted By CASANSAAR
14th Finance Commission (FFC) Report Tabled in Parliament; FFC Recommends by Majority Decision that the States’ Share in the Net Proceeds of the Union Tax Revenues be Raised to 42% Which is a Huge Jump from the 32% Recommended by the 13th Finance Commission
Article 280 of ...
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Budget |
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As a producer it is humiliating that we pay a star
Posted Date : 24-Feb-2015 , 01:55:28 pm | Posted By CASANSAAR
Films today are not failing, budgets are. Producers are losing their monies in most movies, barring a few and the reason for that, of course, is the costs not being in line with the final box office numbers. While there are costs that add to the quality of the film, there are a few that are non-prod...
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ICAI |
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New accounting norms to impact financial statement reporting: ICAI
Posted Date : 24-Feb-2015 , 08:21:59 am | Posted By CASANSAAR
With the implementation of the international reporting standards, sectors including infrastructure and financial services may be impacted while those related to manufacturing will not see much adverse impact, according to the institute of chartered accountants of India (ICAI).
The newl...
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ICAI |
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Bank strike called off; Unions, IBA agree on 15% wage hike
Posted Date : 24-Feb-2015 , 08:20:39 am | Posted By CASANSAAR
Public sector bank employee unions Monday withdrew their call for a four-day nationwide strike, with the management agreeing to a 15 percent hike in wages at an extra burden of Rs 4,725 crore a year and acceding to the demand for holiday on second and fourth Saturdays.
The banks, however, will work...
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Bank |
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Don't rush into setting up NFRA - ICAI President
Posted Date : 24-Feb-2015 , 08:19:13 am | Posted By CASANSAAR
Manoj Fadnis, newly elected president of The Institute of Chartered Accountants of India (ICAI), said on Monday the setting up of a National Financial Reporting Authority (NFRA) should not be rushed.
Its domain would overlap with ICAI in many ways and Fadnis, elected the latter's ...
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ICAI |
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