SEBI allows re-issuance of corporate debt
Posted Date : 22-Jan-2015 , 10:09:16 pm | Posted By CASANSAAR
Capital market regulator said on Thursday it will allow companies to re-issue existing corporate bonds, in a move that is expected to avoid the fragmentation of liquidity in debt markets with multiple issuances. Securities and Exchange Board of India ( SEBI) had been widely expected to allow re...
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SEBI |
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Banks to pay fine if they exceed required remit period: RBI
Posted Date : 22-Jan-2015 , 09:09:41 am | Posted By CASANSAAR
Banks will be liable to pay penalty for failing to remit government fund within the required time frame, the Reserve Bank said today. As per the instructions of the Controller General of Accounts, the Ministry of Finance, banks are required to adhere to norms for payment of government revenue t...
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RBI |
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High Court dismisses bail plea of Chartered Accontants, two others
Posted Date : 22-Jan-2015 , 08:46:39 am | Posted By CASANSAAR
A court in Chennai on Wednesday dismissed the bail plea of four people, including joint commissioner of income tax Salong Yaden.
Last week, the CBI arrested Yaden along with two chartered accountants -the father-son duo of Sanjay Bhandari and Shreyans Bhandari -- and the managing director of ...
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General |
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I-T department moves Supreme Court on Vodafone income for FY 08
Posted Date : 22-Jan-2015 , 08:40:43 am | Posted By CASANSAAR
The income tax department has moved the Supreme Court seeking directions to a tax tribunal to consider certain facts relating to the taxable income of Vodafone India Services for the 2007-08 fiscal. This relates to the sale of its calls centre business and an alleged exercise of call options in a co...
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Income Tax |
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Govt will Present Union Budget on 28th February and Rail Budget on 26th February
Posted Date : 21-Jan-2015 , 03:25:45 pm | Posted By CASANSAAR
The Budget session of Parliament will begin on February 23 and the Narendra Modi government will present its first full-year Budget on Saturday, February 28.
The Budget session is held in two parts - Parliament will close for a recess on March 20 and will reconvene on April 20. The session ...
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Budget |
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Government Amends Rules Under Companies Law
Posted Date : 21-Jan-2015 , 08:48:58 am | Posted By CASANSAAR
Amending rules under the companies law, government has exempted unlisted firms having overseas subsidiaries from preparing consolidated financial statement for the current financial year.
Besides, the Corporate Affairs Ministry has amended rules pertaining to Corporate Social Responsibility...
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Corporate Law |
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Tax evasion could soon become a prosecutable offence inviting jail term for offenders
Posted Date : 21-Jan-2015 , 08:36:18 am | Posted By CASANSAAR
Tax evasion could soon become a prosecutable offence inviting jail term for offenders as the Supreme Court appointed special investigation team (SIT) on black money has suggested this to the government and sought a decision by March 31.
"The Central Board of Direct Taxes (CBDT) is examining w...
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Income Tax |
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Jan Dhan Yojna in Guinness World Records-11.5 crore accounts opened
Posted Date : 20-Jan-2015 , 10:47:06 pm | Posted By CASANSAAR
As many as 11.5 crore bank accounts have been opened under the Pradhan Mantri Jan Dhan Yojana, exceeding the enhanced target of 10 crore and covering 99.74 per cent of households, Finance Minister Arun Jaitley said today.
“Most of India today is included in the banking system,” ...
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Banking |
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Bank Unions defer proposed 4-day Strike
Posted Date : 20-Jan-2015 , 08:36:50 am | Posted By CASANSAAR
PSU bank employees' unions have deferred the proposed four-day strike from January 21 after the management of banks (IBA) assured that wage related issues will be resolved by early February. "Four-day strike has been put on hold as Indian Banks' Association (IBA) assured that wage issue will be...
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Income Tax |
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Bank a/c opening target may result in many dormant accounts
Posted Date : 20-Jan-2015 , 08:28:51 am | Posted By CASANSAAR
Right incentives are needed to encourage financial inclusion rather than just providing banks with account-opening targets which could result in large number of dormant accounts, CCI chief Ashok Chawla said today.
Chawla, who had earlier served as Finance Secretary, said there are challenges ...
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Banking |
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Toppers of CA Final Nov 14 & CPT Dec 14
Posted Date : 20-Jan-2015 , 08:25:08 am | Posted By CASANSAAR
Top three rank holders CA Final November, 2014.
The top three rank holders on all India basis of Chartered Accountants Final Examinations held in November, 2014 are from Gurgaon, Ahmedabad, Nandurbar (Maharashtra) & Howrah (Kolkata) respectively and their de...
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Students Zone |
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RBI cautions against foreign Investment Tourists
Posted Date : 19-Jan-2015 , 05:14:10 pm | Posted By CASANSAAR
The Reserve Bank of India official today cautioned against foreign "investment tourists" in debt markets, highlighting concerns about short-term flows.
The comments from G. Padmanabhan, executive director at the RBI, came amid expectations that India will allow Euroclear settlements for gov...
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RBI |
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New President & Vice-President of ICSI for the Year 2015
Posted Date : 19-Jan-2015 , 02:21:54 pm | Posted By CASANSAAR
CS.Atul Mehta & CS Mamta Binani has been elected as President & Vice President of The Institute of Company Secretaries of India.(ICSI)
CASANSAAR Congrats CS.Atul Mehta & CS Mamta Binani for being elected as President & Vice-Presient of ICSI....
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Corporate Law |
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Pass Percentage of CA Final Nov 2014 & CPT Dec.2014 Exams
Posted Date : 19-Jan-2015 , 11:44:24 am | Posted By CASANSAAR
The results of the Chartered Accountants Final Year Examination held in Nov. 2014 & CPT Exams held in Dec.2014 has declared recently.
CA Result Analysis
CA Final Both Group : 8.23 %
CA Final Goup 1-- 23.41%
CA Final Group2-- 10.26 %
CPT 14.74 %...
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Students Zone |
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Good Luck - CA Final & CPT Result 2014 today on caresults.nic.in
Posted Date : 19-Jan-2015 , 08:43:51 am | Posted By CASANSAAR
CASANSAAR wishes All the very best to all those whose results are awaited .
The result of the Chartered Accountants Final Examination held in November, 2014 and Common Proficiency Test (CPT) held in December, 2014 are likely to be declared on Monday, the 19th January,2015 around 2.00 P.M. and the...
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Students Zone |
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SEBI to Consult Chartered Accountants on takeover valuations
Posted Date : 19-Jan-2015 , 08:36:46 am | Posted By CASANSAAR
To ensure fair treatment of minority investors during takeovers of listed companies, regulator Sebi has decided to seek help of chartered accountants and merchant bankers for an independent valuation of the price offered to small shareholders by new promoters.
For the purpose, Sebi would empanel el...
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SEBI |
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CBDT tightens its grip on refund payouts
Posted Date : 19-Jan-2015 , 08:30:55 am | Posted By CASANSAAR
Taxpayers who had made refund claims with income-tax department will now have to wait for the payouts if their tax returns were to have been selected for scrutiny.
The Central Board of Direct Taxes (CBDT) has clarified that processing of returns cannot be undertaken after notice has been is...
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Income Tax |
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Income Tax department launches black money complaint centre ahead of Delhi polls
Posted Date : 18-Jan-2015 , 10:02:52 am | Posted By CASANSAAR
The Income Tax department has set up a toll-free control room for the general public to alert it about any suspicious movement of "large sums of cash" in the national capital in the run up to the Assembly polls. The investigation wing of the department has set up a control room and complaint mo...
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Income Tax |
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0 | Hits : 915
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15,000 CCTVs for Obama, Why not for Indians: HC
Posted Date : 17-Jan-2015 , 10:32:15 pm | Posted By CASANSAAR
Delhi high court has chided the government for installing 15,000 CCTV cameras within weeks for US President Barack Obama's upcoming visit New Delhi, but failing to act fast when it comes to meet the needs of the citizens.
So "let's get someone from outer space," a bench of justices Badar Du...
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General |
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Form AOC-5 is available for filing w.e.f from 17th Jan 2015 - MCA
Posted Date : 17-Jan-2015 , 10:32:00 pm | Posted By CASANSAAR
Form AOC-5 is available for filing w.e.f. January 17, 2015.
Form AOC-5:
Notice of address at which books of account are maintained.
All about Form AOC-5
eForm AOC-5 is required to be filed pursuant to Section 128 of the Companies Act, 2013.
Section 128: (...
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Corporate Law |
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Finance Ministry has invited suggestions from public for the Union Budget 2015-16
Posted Date : 17-Jan-2015 , 10:31:32 pm | Posted By CASANSAAR
The Finance Ministry has invited suggestions from public for the Union Budget 2015-16 to be presented next month.
In order to infuse more transparency into Budget making exercise and to have people as partners to the process of budget making, the Finance Ministry has decided to invite sugge...
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Finance |
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SEBI warns public against illicit money pooling schemes
Posted Date : 17-Jan-2015 , 10:31:19 pm | Posted By CASANSAAR
Making public a list of 63 companies running illegal money pooling schemes, market regulator Securities and Exchange Board of India (Sebi) has cautioned investors and general public against dealing with such entities and advised them not be lured by promises of high returns. The latest list released...
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SEBI |
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New Companies Act compels firms to conduct background checks on potential board members
Posted Date : 17-Jan-2015 , 10:31:07 pm | Posted By CASANSAAR
The days when nomination of an independent director solely depended on his or her personal relationship with the promoter of any company could soon become a thing of the past. As the new Companies Act makes independent directors more accountable, many listed as well as unlisted firms ...
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Corporate Law |
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0 | Hits : 911
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Govt gags I-T on info sharing with media
Posted Date : 17-Jan-2015 , 10:30:35 pm | Posted By CASANSAAR
In an attempt to make revenue collection appear non-adversarial, the government has gagged the income tax (I-T) department from sharing information on tax investigations or assessment with the media. The decision, sources said, was taken with a view to ensure that the I-T establishment did not appea...
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Income Tax |
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CBDT extends return filing due date till 30th Nov.2014
Posted Date : 17-Jan-2015 , 10:22:02 pm | Posted By CASANSAAR
As per the provisions of the Income-tax Act, 1961 (‘the Act’), for an assessee, who is required to obtain Tax Audit Report (TAR) under section 44AB of the Act, the due date for furnishing his return of income is 30th September of the Assessment Year. The Central Board of Direct Taxe...
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Income Tax |
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0 | Hits : 13574
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Census on Foreign Liabilities and Assets of Indian Companies 2013-14 - Data Release
Posted Date : 17-Jan-2015 , 10:19:21 pm | Posted By CASANSAAR
The Reserve Bank of India released, on its website, the data related to the Census on Foreign Liabilities and Assets of Indian Companies for the year 2013-14. The Annual Census on Foreign Liabilities and Assets (FLA), 2013-14 covers Indian companies which submit comprehensive information on their ov...
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Finance |
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0 | Hits : 879
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SIT busts over Rs 10,000-cr tax evasion scam in Haryana
Posted Date : 17-Jan-2015 , 10:18:54 pm | Posted By CASANSAAR
A Special Investigation Team (SIT) has unearthed a multi-crore tax evasion scam in Haryana. Headed by an IGP-rank officer, the SIT submitted its report to Haryana Lokayukta Justice Pritam Pal on Thursday. According to the SIT report, prima facie an alleged tax evasion of over Rs 10,618 crore has bee...
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Income Tax |
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CA.Rameshwar Thakur, Past President of ICAI passed away.
Posted Date : 17-Jan-2015 , 10:18:33 pm | Posted By CASANSAAR
One of the Greatest CA of all time passed away !!!!!!!!!
A Big loss to our profession ... CA Rameshwar Thakur passed away for his heavenly abode .... May his soul RIP
One of our All time Precious Jewel of our Esteemed Profession .. A person who gave a lot to the profession , In...
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ICAI |
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1 | Hits : 1301
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Delhi High Court once again Adjourned the Tax Audit Deferment Case to Monday
Posted Date : 17-Jan-2015 , 12:19:56 pm | Posted By CASANSAAR
Delhi High Court once again Adjourned the Tax Audit Deferment case to Monday in the case of Mahesh Kumar And Company Vs. Union Of India & Anr. – W.P.(C) 5990/2014 (Delhi High Court)
CBDT Lawyer told the CBDT the Govt will suffer a loss of Rs.15K Crore if Date ...
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Income Tax |
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Gujrat High Court Adjourned the ITR Extension Case to Monday
Posted Date : 17-Jan-2015 , 12:18:19 pm | Posted By CASANSAAR
Gujrat High Court Adjourned the ITR Extension Case to Monday in the case of Rajni Mangaldas Shah V/S Central Board Of Direct Taxes (Gujrat High Court Replica Watches), SCA/12571/2014.
After a long arguments Gujrat High Court agrees to extend the due date for ITR but wa...
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Income Tax |
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