Updates on TAR Deferment / ITR Extension in Various High Courts
Posted Date : 17-Jan-2015 , 12:16:48 pm | Posted By CASANSAAR
Matter came up for hearing after lunch. Deptt filed affidavit as per previous order that no penal action if return revised & income increased on basis of qualifications/ observations in TAR. Court opened their mind to dismiss the WP. Adv fake rolex Rashmi Chopra sought adjournment till tomo...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 8781
|
 |
SEBI notifies stringent insider trading norms
Posted Date : 16-Jan-2015 , 07:58:39 am | Posted By CASANSAAR
Market regulator Sebi on Thursday notified a stricter set of insider trading norms to check illicit transactions in shares of listed firms by management personnel and 'connected persons'.
The new norms, which will revamp nearly two-decade old regulations on insider t...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 725
|
|
RBI urges Banks' Auditors to improve monitoring
Posted Date : 15-Jan-2015 , 05:14:26 pm | Posted By CASANSAAR
RBI's deputy governor S.S. Mundra urged audit committees at domestic lenders to better monitor potential risks, including in loan assessments and in asset quality, to help improve the health of the banking system. Mundra added recent inspections by the central bank had found recurrenc...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1274
|
|
RBI slashes repo rate by 25 bps to 7.75 per cent with immediate effect
Posted Date : 15-Jan-2015 , 09:03:08 am | Posted By CASANSAAR
The Reserve Bank of India today cut the repo rate by 25 basis points to 7.75% with immediate effect. One basis point is one-hundredth of a percentage point.
The CRR remains unchanged at 4%.
The move comes after WPI inflation for December came in at 0.11%, margin...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1081
|
|
MCA's three-stage plan to execute remaining 40% of new Companies Law
Posted Date : 15-Jan-2015 , 08:18:57 am | Posted By CASANSAAR
The corporate affairs ministry is rolling out a three-stage plan for implementation of the remaining 40% provisions of the new Companies Act and it wants to notify most of the remaining sections by the end of this year to facilitate transition to new law. In the next six months, the ministry pl...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 1016
|
|
RBI Eases Forex Hedging Norms for Exporters, Importers
Posted Date : 15-Jan-2015 , 08:02:26 am | Posted By CASANSAAR
The Reserve Bank of India on Wednesday relaxed the norms for forex hedging for exporters and importers by allowing them to book forward foreign exchange contracts in excess of 50 per cent of the eligible limit.
"It has now been decided that, henceforth, banks may permit aggregate outstandin...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1040
|
|
Result of the ISA - AT held on 27th December, 2014 is likely to be declared on 19th January, 2015
Posted Date : 14-Jan-2015 , 06:02:39 pm | Posted By CASANSAAR
13th January, 2015
IMPORTANT ANNOUNCEMENT
The result of the Information Systems Audit [ISA] Assessment Test held on 27th December, 2014 is likely to be declared on 19th January, 2015 around 2.00 PM at the Institute’s office at New Delhi.
The result of the above Assessm...
Continue Reading...
Category :
Students Zone |
Comments :
0 | Hits : 954
|
|
Result of the CA Final & CPT Examination held in Nov/Dec 2014 are likely to be declared on 19th Jan.2015
Posted Date : 14-Jan-2015 , 05:58:59 pm | Posted By CASANSAAR
The result of the Chartered Accountants Final Examination held in November, 2014 and CommonProficiency Test (CPT) held in December, 2014 are likely to be declared on Monday, the 19th January,2015 around 2.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55%and above m...
Continue Reading...
Category :
Students Zone |
Comments :
0 | Hits : 1239
|
|
Black money: CBDT issues directive to finish probe by March 31
Posted Date : 14-Jan-2015 , 08:54:15 am | Posted By CASANSAAR
Investigations against black money holders in Swiss bank accounts, known as the HSBC list, have been put on a fast-track as the CBDT has asked tax sleuths to quickly gather all foreign-based evidences in these cases and render final action by March-end.
The latest development relates to the disclos...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 944
|
|
Tax department issues show-cause notices to over 35 foreign portfolio investors
Posted Date : 13-Jan-2015 , 09:25:04 pm | Posted By CASANSAAR
At a time when the government has promised a more predictable tax regime as well as a far less aggressive one than under the previous administration, several foreign portfolio investors have been alarmed by moves to levyminimum alternate tax (MAT) on their capital gains from the market.
&n...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 823
|
|
Bribery racket: 4 kg gold, 130 kg silver seized from Chartered Accountants
Posted Date : 13-Jan-2015 , 08:59:27 am | Posted By CASANSAAR
THE CBI Monday questioned officers of the investigation wing of the Income-Tax department in Mumbai as part of its probe into a bribery racket that allegedly involves senior I-T officers in Mumbai and Chennai, middlemen and businessmen seeking income-tax relief.
The CBI has seized 4 kg gold...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 2424
|
|
Industry body suggests e-hearing for tax assessment cases
Posted Date : 13-Jan-2015 , 08:40:39 am | Posted By CASANSAAR
To make it convenient for taxpayers, an industry body has suggested 'e-hearing' to deal with tax disputes rather than insisting on physical appearance before assessment officers for trivial issues.
The suggestion has been made by Assocham in a letter addressed to Prime Ministe...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 957
|
|
Delhi Assembly elections to be held on February 7, counting on February 10
Posted Date : 12-Jan-2015 , 05:08:34 pm | Posted By CASANSAAR
The Assembly elections in Delhi, where the BJP and the Aam Aadmi Party (AAP) are raring for another face off, will be held on February 7 and counting will be held on February 10.
Chief Election Commissioner VS Sampath said candidates will have to fill all columns in affidavit.
...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 920
|
|
SC clears deck for NRI voting, issues notices to EC, Centre
Posted Date : 12-Jan-2015 , 01:14:47 pm | Posted By CASANSAAR
In a significant development, the Supreme Court on Monday issued notices to the Election Commission (EC) and the Centre directing them to take steps to ensure that NRIs are also able to vote.
According to reports, an apex court bench headed by Chief Justice HL Dattu today said that the ...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 880
|
|
Bribery racket: Joint Commissioner of Income Tax, CAs arrested by CBI
Posted Date : 12-Jan-2015 , 08:37:17 am | Posted By CASANSAAR
CBI smashed a major bribery racket allegedly involving senior Income Tax officials, Chartered Accountants and businessmen, arresting four persons including a Joint Commissioner of I-T department. In the operation which started yesterday across Mumbai and Chennai, the agency has so far arrested ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 2703
|
|
RBI sets up fund to educate Bank Depositors
Posted Date : 12-Jan-2015 , 08:30:46 am | Posted By CASANSAAR
RBI has put in place a new mechanism for grant of financial assistance to the NGOs and other entities seeking to take up activities related to education and awareness of bank depositors. Those eligible for such financial grants would include institutions, organisations and associations such as ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1065
|
|
Govt stake dilution not sufficient for Basel III: RBI
Posted Date : 10-Jan-2015 , 05:15:42 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) today said dilution of government holding in public sector banks (PSBs) may not be sufficient for meeting Basel III capital adequacy norms.
“Recently, it has been reported that the Government of India is contemplating scaling down their holdings in PSBs...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 904
|
|
Indian Railways invite suggestions from Public for forthcoming Railway Budget
Posted Date : 10-Jan-2015 , 01:53:28 pm | Posted By CASANSAAR
Railway Minister Suresh Prabhu has invited suggestions from the public to make the forthcoming Railway Budget citizen-oriented. The aim of such an engagement is to help Railways come closer to citizens and better understand challenges that they experience and ensure that most important areas fr...
Continue Reading...
Category :
Budget |
Comments :
0 | Hits : 1147
|
|
Law School signs MoU with ICSI
Posted Date : 10-Jan-2015 , 08:46:06 am | Posted By CASANSAAR
The Tamil Nadu National Law School, Tiruchi on Thursday signed a memorandum of understanding with the Institute of Company Secretaries of India (ICSI), New Delhi.
Professor N. Murugavel, Vice-Chancellor, The Tamil Nadu National Law School, and R. Sridharan, president, ICSI, signed the memor...
Continue Reading...
Category :
ICSI |
Comments :
0 | Hits : 1607
|
|
Government Approves Twelve (12) Proposals of Foreign Direct Investment (FDI) Amounting to Approx Rs.1827.24 Cr
Posted Date : 09-Jan-2015 , 09:14:45 pm | Posted By CASANSAAR
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 19thDecember 2014, the Government of India has approved twelve (12) proposals of Foreign Direct Investment (FDI) amounting to Rs.1827.24 crore approximately.
&...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 908
|
|
CBDT issues revised draft on Income Computation and Disclosure Standards; seeks public comments
Posted Date : 09-Jan-2015 , 05:34:41 pm | Posted By CASANSAAR
New Draft of Twelve Income Computation and Disclosure Standards (ICDS) has been Uploaded on the Finance Ministry and Income-Tax Department Website for Seeking Comments from Stakeholders and General Public by 8th February, 2015
&n...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1742
|
|
RBI revises leverage ratio, disclosure norms for banks
Posted Date : 09-Jan-2015 , 08:52:04 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) Thursday revised the guidelines for leverage ratio framework under the Basel III and the relevant disclosure norms.
The central bank said banks operating in India are required to make disclosure of the leverage ratio and its components from the date...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1367
|
|
Shareholders approve Kotak Bank-ING Vysya Bank merger
Posted Date : 08-Jan-2015 , 02:17:17 pm | Posted By CASANSAAR
Private sector Kotak Mahindra Bank has secured its shareholders' approval for amalgamation of Bangalore-based ING Vysya Bank with itself.
In November, Kotak Mahindra Bank had announced the buyout of ING Vysya Bank in an all-stock deal valued at Rs 15,000 crore.
The Extraordinary General Meeting of...
Continue Reading...
Category :
Merger & Acquisitions |
Comments :
0 | Hits : 1019
|
|
Get FREE Regular Professional Updates via WhatsApp / email / BBM from CASANSAAR
Posted Date : 08-Jan-2015 , 08:59:46 am | Posted By CASANSAAR
Now receive Regular Professional update via WhatsApp /email / BBM from CASANSAAR.COM. This free subscription will entitle you to faster complete updates. Receive Professional, Tax and Career related updates in your mobile / email inbox and stay ahead in your professional life.Some fea...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 2520
|
|
CBDT appoints 15 commissioners to five DRPs
Posted Date : 08-Jan-2015 , 08:45:48 am | Posted By CASANSAAR
On the heels of ushering in new dispute resolution mechanism, the CBDT has appointed 15 commissioners as members of the newly set up five dispute resolution panels (DRPs).
These 15 commissioners will staff the five DRPs set up in Delhi (two panels), Mumbai (two panels) and Bengaluru (one DR...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 933
|
|
BCCI should pay service tax for recording matches: SC
Posted Date : 08-Jan-2015 , 08:40:36 am | Posted By CASANSAAR
The Supreme Court on Wednesday said the Board of Control for Cricket in India would have to pay service tax for recording cricket matches, as it was a “service provider.”
The BCCI had moved the court against an order by the Central Excise and Service Tax Appellate Tribunal direc...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 1019
|
|
Rs 15,000 crore remittance scam hits six Banks
Posted Date : 07-Jan-2015 , 04:28:08 pm | Posted By CASANSAAR
The Enforcement Directorate (ED) has unearthed a mega scam of fraudulent foreign remittances worth Rs 15,000 crore, involving a number of dubious importers. The scam involves importers depositing fake bills of entries (of imports) in banks and remittances are made to unknown people ou...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 2300
|
|
Bank unions defer one-day strike called on today
Posted Date : 07-Jan-2015 , 08:36:47 am | Posted By CASANSAAR
Public sector bank employee unions have deferred their one-day strike which was called on today. United Forum of Bank Unions Convener M V Murali told a news agency that the Bank unions have deferred the strike as the Indian Banks Association improved the wage revision offer. There are 27 public sect...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 1197
|
|
Bloodbath on Dalal Street; Sensex tanks 855 pts on Greece woes
Posted Date : 06-Jan-2015 , 05:54:57 pm | Posted By CASANSAAR
In its worst ever crash in over six years, benchmark Sensex on Tuesday tanked 855 points as stock markets globally went into a tailspin amid political turmoil in Greece and oil price cracking below $ 50-mark.
The NSE Nifty also tanked 251 points, or 3%, on massive selling across sect...
Continue Reading...
Category :
Shares & Stock |
Comments :
0 | Hits : 900
|
|
ICAI would be introducing new syllabi for CA Course in the country from 2016.
Posted Date : 06-Jan-2015 , 09:04:04 am | Posted By CASANSAAR
K. Raghu, President of Institute of Chartered Accountants of India (ICAI), New Delhi, said on Monday that the ICAI would be introducing new syllabi for chartered accountancy course in the country from 2016.
Speaking to presspersons on the sidelines of the national conclave for CA students o...
Continue Reading...
Category :
Students Zone |
Comments :
1 | Hits : 1996
|
|
|
