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 ...
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ICAI |
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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...
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Income Tax |
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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...
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Income Tax |
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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...
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ICAI |
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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...
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Income Tax |
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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...
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Budget |
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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...
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General |
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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 ...
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Finance |
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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...
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RBI |
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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 ...
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Shares & Stock |
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Banks facing cash crunch want additional borrowing window from RBI on every Saturday
Posted Date : 09-Feb-2015 , 08:25:51 am | Posted By CASANSAAR
A liquidity mismatch in the banking system prompted the RBI to step in on Saturday and offer a two-day window to banks to tide over the situation.
On Friday, rates in the collateralized borrowing and lending obligation (CBLO) — a facility through which banks can adjust their liqui...
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Banking |
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Black money in stock markets: SEBI to suspend shell companies
Posted Date : 09-Feb-2015 , 08:21:12 am | Posted By CASANSAAR
Cracking its whip on entities using stock markets for evading taxes and laundering black money, the Securities and Exchange Board of India (Sebi) has decided to suspend trading in listed companies that are found to be used by such manipulators.
The capital market watchdog has identified thr...
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SEBI |
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CASANSAAR offers 20% Discount on Website Development on the occasion of its 5th Birthday
Posted Date : 08-Feb-2015 , 09:32:41 am | Posted By CASANSAAR
We are really grateful to all of you as with your support, love and blessings today we are succeeded to some extent in becoming a helping hand for our Professional fellows.
It’s not possible to revert anything in return of your love, support and blessings but as a small token of g...
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General |
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Government Decides to Infuse Rs.6990 Crores in Nine Public Sector Banks (PSBs)
Posted Date : 07-Feb-2015 , 09:01:37 pm | Posted By CASANSAAR
Out of the current year’s budget, the Government of India has decided to infuse Rs.6990 crores in nine Public Sector Banks (PSBs) for which orders are being issued. This year, the Government of India has adopted a new criteria in which the banks which are more efficient would only be...
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Banking |
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0 | Hits : 909
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Auditors raise red flag over Jet Airways
Posted Date : 07-Feb-2015 , 08:54:41 pm | Posted By CASANSAAR
Auditors of Jet Airways have raised red flag over the carrier’s ‘going concern’ status, saying the assumption is dependent on various factors including its synergy with Etihad and ability to raise funds.
A company is termed as a ‘going concern’ if it has suffic...
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Auditing |
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Nuns, priests in Govt service have to pay income tax: Kerala HC
Posted Date : 07-Feb-2015 , 08:52:15 am | Posted By CASANSAAR
Kerala High Court on Friday has held that the priests and nuns drawing government salary were liable to pay income tax. Justice A K Jayasankaran Nambiar said that if the salary of priests and nuns working in government-aided institutions is submitted to the common pool of their congregation, such co...
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Income Tax |
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New Indian Accounting Standards to be notified by March 2015 - MCA
Posted Date : 06-Feb-2015 , 06:14:58 pm | Posted By CASANSAAR
The Central Government will the notify adoption of the proposed Indian Accounting Standards (Ind AS), the converged Indian version of International Financial Reporting Standards (IFRS), by March. The Ind AS will come into effect for the first time in 2016-17 Indian corporate balance sheets. Stock ex...
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Corporate Law |
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Listed companies spent Rs 1600 cr on Audit Fees during 2013-14
Posted Date : 06-Feb-2015 , 08:45:49 am | Posted By CASANSAAR
Listed firms doled out nearly Rs 1,600 crore in terms of audit fee during 2013-14 financial year and about one-fourth of this amount was pocketed by 'big four' accounting firms.
According to a report by Prime Database, as many as 1,404 listed companies paid a total audit fee of 1,598 crore in...
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Auditing |
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0 | Hits : 1956
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FMC issues norms for implementing provisions of PML Act
Posted Date : 06-Feb-2015 , 08:34:49 am | Posted By CASANSAAR
In a bid to prevent money laundering and to combat financing terrorism, the Forward Markets Commission-FMC has issued guidelines for commodity markets.The guidelines, to be implemented with immediate effect, are broadly related to maintaining and monitoring of records of all transactions to help tra...
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Shares & Stock |
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Auditors could face up to 10 years of Jail for falling to report Frauds
Posted Date : 06-Feb-2015 , 08:28:11 am | Posted By CASANSAAR
Auditors are prodding the companies they audit to set their house in order before April next year, from when issues like fraud in a firm they examine could land them in jail. Under the new Companies Act, the board of directors and the auditors will be held responsible for fraud or discrepancies in c...
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Auditing |
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0 | Hits : 2578
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RBI releases Names of Applicants of Small Finance Banks and Payments Banks
Posted Date : 05-Feb-2015 , 08:24:23 am | Posted By CASANSAAR
Government-owned Department of Posts or India Post, Tech Mahindra, NSDL and NSE Strategic Investment Corporation are the surprise applicants for a payment bank licence, apart from the already known big names like Mukesh Ambani-owned Reliance Industries, Bharti Airtel’s Airtel M Commerce Servic...
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RBI |
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National Helpline for Members and Students launched by ICAI
Posted Date : 05-Feb-2015 , 08:07:39 am | Posted By CASANSAAR
We are pleased to inform our members and students that ICAI National Helpline has been launched by Chief Guest Hon’ble Union Minister for Railways Shri CA. Suresh Prabhu, during the inaugural session of the International Conference held at Bangalore.ICAI National Helpline is an I...
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ICAI |
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RBI allows banks to offer deposit schemes which can't be broken prematurely
Posted Date : 05-Feb-2015 , 08:02:18 am | Posted By CASANSAAR
Depositors who place their savings with a bank earn differential rates of interest based on the size of deposit — less than Rs 1 crore and above Rs 1 crore — and on the tenor of the deposit — the longer the period, more the interest. Additionally deposits up to Rs 1 crore can be wi...
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RBI |
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Mark Sheet of CA IPCC Nov 2014 Toppers
Posted Date : 05-Feb-2015 , 07:46:20 am | Posted By CASANSAAR
Mark Sheet of CA IPCC Nov 2014 - Rank 1
Add caption
Mark Sheet of CA IPCC Nov 2014 - Rank 2
Mark Sheet of CA IPCC Nov 2014 - Rank 3
...
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Students Zone |
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List of Toppers of CA IPCC Nov 2014 Exams
Posted Date : 04-Feb-2015 , 06:49:02 pm | Posted By CASANSAAR
List of Toppers of CA IPCC Nov 2014 Exams.
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Students Zone |
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Pass Percentage of CA IPCC Nov.2014 Exams
Posted Date : 04-Feb-2015 , 06:29:27 pm | Posted By CASANSAAR
IPCC November results are declared by ICAI, with the results the ICAI also announced the pass percentage of the IPCC November 2014 exams. Details of no. of students appeared, Passing ratio % of IPCC Nov 2014 exam will be given below.
The Total Pass percentage for both the group is 6.20...
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Students Zone |
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RBI Increases Limit for Foreign Spending to $250000/Person
Posted Date : 04-Feb-2015 , 08:51:46 am | Posted By CASANSAAR
The Reserve Bank of India on Tuesday increased the amount Indians can invest or spend abroad in foreign exchange without seeking its permission. Individuals can now buy property abroad, hold shares or debt instruments, or any other assets or purchase gifts up to limit of $250,000 (Rs 1.5 crore) per ...
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RBI |
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I-T dept to step up Prosecution against TDS defaulters
Posted Date : 04-Feb-2015 , 08:49:02 am | Posted By CASANSAAR
Concerned over latest shortfall in TDS revenue collections, the Income Tax department has decided to enhance prosecution action against large defaulters with the help of its specialised electronic database and processing centre created for this exclusive task. The department's Central Processin...
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Income Tax |
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0 | Hits : 1612
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Banks will now be able to convert loans into shares for taking over firms from truant borrowers
Posted Date : 04-Feb-2015 , 08:42:31 am | Posted By CASANSAAR
Banks will soon have the power to convert loans into shares for taking over companies from truant borrowers while promoters who step in to turn around projects will have some breathing space. Lenders will be allowed to hold as much as 30% equity in a company and insert a conversion clause in loan do...
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Banking |
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0 | Hits : 967
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IRCTC: Now, Cash on Delivery of train tickets
Posted Date : 04-Feb-2015 , 08:29:44 am | Posted By CASANSAAR
You can now book a rail ticket online and get it delivered at home where the payment can be made.
Initiating this "cash on delivery" (CoD) system rail ticketing, IRCTC is targeting those customers who are reluctant to use their credit or debit cards as well as those who don't have...
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General |
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