Deadline to exchange pre-2005 notes extended till June 30
Posted Date : 23-Dec-2014 , 09:07:20 pm | Posted By CASANSAAR
The deadline for exchanging pre-2005 currency notes of various denominations, including Rs 500 and Rs 1,000, has been extended by another six months till June, 30, 2015.
"The Reserve Bank of India has stated that the public can do so till June 30, 2015. Earlier in March 2014, it had set the last da...
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Finance |
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Results of Jammu and Kashmir, Jharkhand Assembly Elections-2014
Posted Date : 23-Dec-2014 , 04:51:05 pm | Posted By CASANSAAR
Assembly Elections-2014
JHARKHAND (81)
JAMMU & KASHMIR (87)
Party
Lead
Won
Tot
BJP
15
21
36
AJSU
2
3
5
INC
3
3
6
RJD
1
0
1
JDU
0
0
0
JMM
2
16
18
JVM
2
5
7
TMC
0
0
0
OTH
6
2
8...
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Category :
General |
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1 | Hits : 886
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Domain + Website + Hosting + 2 email ids @ Just Rs.3100/- with 30 days Money Back Guarantee.
Posted Date : 23-Dec-2014 , 08:19:00 am | Posted By CASANSAAR
CASANSAAR offers a Golden opportunity for Professionals, where they could create their own stunning website with multiple designs and templates to choose. It will be completely your own space, which is going to be a Dynamic Website and could be edited as per your wish.
...
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Category :
ICAI |
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0 | Hits : 1151
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SEBI probes money laundering in over 50 companies
Posted Date : 23-Dec-2014 , 07:26:21 am | Posted By CASANSAAR
Over 50 companies are being investigated by the Securities & Exchange Board of India (Sebi) for what the market regulator suspects are activities aimed atmoney laundering and tax evasion in unheard of shares, which have seen sharp price spikes in recent months. Already, ...
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SEBI |
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0 | Hits : 1285
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Govt banks' NPA write-offs double in three years
Posted Date : 22-Dec-2014 , 09:26:03 pm | Posted By CASANSAAR
The amount of bad loans written off or restructured by the public sector banks (PSB) has more than doubled in the past three years ending March 2014 to Rs 42,447 crore.
The rise in bad loans is being attributed to a slowdown in the economy which slipped to below five per cent in the two c...
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Banking |
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Deadline to exchange pre-2005 currency notes ends on January 1
Posted Date : 21-Dec-2014 , 07:46:59 pm | Posted By CASANSAAR
People have only 11-days left to exchange currency notes of various denominations, including 500 and 1,000, which were printed before 2005.The deadline for exchanging the pre-2005 notes is January 1, 2015.The Reserve Bank has so far shredded 144.66 crore such notes valued at Rs 52,855 crore since th...
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Finance |
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Download Complete CAG Report on Appreciation of Third Party (Chartered Accountant) Reporting in Assessment Proceedings
Posted Date : 21-Dec-2014 , 06:55:27 pm | Posted By CASANSAAR
Report no.-32 of 2014-Union Government (Department of Revenue-Direct Taxes) – Report of the Comptroller and Auditor General of India on Performance Audit on Appreciation of Third Party (Chartered Accountant) Reporting in Assessment Proceedings.
The Report has been laid on the table of...
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ICAI |
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5 | Hits : 2922
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CAG Report - Wake Up Call for ICAI
Posted Date : 21-Dec-2014 , 06:30:01 pm | Posted By CASANSAAR
The Comproller & Auditor General of India (CAG) has issued a report No. 32 of 2014 setting out the results of the performance audit of “Appreciation of Third Party (Chartered Accountant) Certification in Assessment Proceedings of the Department of Revenue”.
The report makes ...
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ICAI |
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0 | Hits : 3581
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CAG Report - List of CAs who issue more then 400 TAR for the AY 2013-14
Posted Date : 21-Dec-2014 , 06:14:40 pm | Posted By CASANSAAR
Source :- CAG Report...
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ICAI |
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6 | Hits : 6486
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SEBI bars 260 entities; suspects money laundering, tax evasion
Posted Date : 20-Dec-2014 , 02:24:44 pm | Posted By CASANSAAR
In its biggest ever crackdown for suspected tax evasion and laundering of black money through stock trading platforms, Sebi today barred 260 entities, including individuals and companies, from the securities markets.
While Sebi would further probe these cases, it has also decided to refer t...
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SEBI |
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0 | Hits : 1056
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CAG pulls up CAs for incorrect income tax information
Posted Date : 20-Dec-2014 , 08:56:49 am | Posted By CASANSAAR
Coming down heavily on Chartered Accountants hired by the Income Tax department, a CAG report today said their failure to submit correct tax information resulted in levying of lower taxes by as much as Rs 2,813.11 crore in 367 cases surveyed. "We found cases where the CAs failed to report full ...
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Category :
ICAI |
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2 | Hits : 2406
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Don't coerce assessee to falsely admit income: CBDT to I-T department
Posted Date : 20-Dec-2014 , 08:54:16 am | Posted By CASANSAAR
Taking cognizance of a number of complaints from assessees who said they were "coerced" by I-T officials to admit having black money, the CBDT has issued a stern warning to the taxmen asking them to "strictly avoid" indulging in acts which later embarrass the entire department. The CBDT said an...
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Category :
Income Tax |
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0 | Hits : 961
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NSDL releases FVU version 4.5 & 2.141for quarterly e-TDS/TCS statement wef 20.12.2014
Posted Date : 20-Dec-2014 , 08:44:54 am | Posted By CASANSAAR
e-TDS/TCS FVU version 4.5 for quarterly e-TDS/TCS statement pertaining to FY 2010-11 onwards and e-TDS/TCS FVU version 2.141 from FY 2007-08 to FY 2009-10 released and made available on NSDL website wef 20.12.2014.
Key features of FVU version 4.5
&nb...
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Category :
Income Tax |
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0 | Hits : 1196
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Government approves 8.75 % interest rate on PF deposits for 2014-15
Posted Date : 19-Dec-2014 , 10:04:19 pm | Posted By CASANSAAR
The Finance Ministry has approved 8.75 per cent interest rate on Provident Fund, PF deposits for the year 2014-15. This rate of interest on PF deposits will now be notified by the Labour Ministry as well as by the Income Tax Department. The decision will be implemented from the date of notification....
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Category :
Income Tax |
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0 | Hits : 1069
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Salient features of this Goods and Services Tax (GST) Bill
Posted Date : 19-Dec-2014 , 09:08:01 pm | Posted By CASANSAAR
Following are the salient features of this Bill: • A new Article 246A is proposed which will confer simultaneous power to Union and State legislatures to legislate on GST. • A new Article 279A is proposed for the creation of a Goods & Services Tax Council which will be a join...
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GST |
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Government has no role to play in determining pass % etc. of CA Exams
Posted Date : 19-Dec-2014 , 09:05:35 pm | Posted By CASANSAAR
All activities connected with conduct of examinations by the Institute of Chartered Accountants of India and the Institute of Cost Accountants of India including setting of papers, valuation, pass percentage, declaration of results etc. are undertaken by the Institutes themselves. Accordingly, Centr...
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Category :
Students Zone |
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1 | Hits : 2197
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Goods & Services Tax Bill introduced in Lok Sabha
Posted Date : 19-Dec-2014 , 06:10:46 pm | Posted By CASANSAAR
The Goods & Services Tax Bill was on Friday introduced in the Lok Sabha. The bill aims to provide a major taxation reform by introducing a national sales tax that will replace a large number of overlapping state duties that deter investment.
Finance Minister Arun Jaitley said interests ...
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Category :
GST |
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1 | Hits : 988
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ICAI to soon issue guidance note on reporting Frauds
Posted Date : 19-Dec-2014 , 07:55:43 am | Posted By CASANSAAR
Chartered Accountants' body ICAI today said it would soon come out with a guidance note for its members on fraudreporting, a day after the Lok Sabha cleared amendments to the companies law.
One of the amendment is to introduce a minimum threshold level for reporting frauds at c...
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ICAI |
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0 | Hits : 1019
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Key Changes in Companies Amendment Bill 2014 passed by Lok Sabha
Posted Date : 18-Dec-2014 , 08:37:35 am | Posted By CASANSAAR
The Lok Sabha, the lower house of the Parliament, has passed the Companies (Amendment) Bill, 2014, which will make it easier for corporates to do business and to ensure severe punishment for illegal money pooling activities, among other things.
The amendments have been proposed in order to ...
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Corporate Law |
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1 | Hits : 3354
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SEBI asks Sahara investors to submit claims for refund by Jan.15
Posted Date : 18-Dec-2014 , 08:23:40 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi), in a fresh effort to locate Sahara investors eligible for refunds, has asked bond-holders to submit their claims by January 2015 along with necessary proof of their investments.
The latest exercise follows a similar attempt made by Sebi in ...
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SEBI |
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0 | Hits : 1038
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GST Bill gets Cabinet nod; likely in Parliament this Session
Posted Date : 17-Dec-2014 , 10:23:39 pm | Posted By CASANSAAR
The Cabinet today approved the Constitution Amendment Bill on Goods and Services Tax (GST), clearing the way for its introduction in ongoing session of Parliament to bring about long-pending indirect tax reforms.
The Bill was approved by the Cabinet late this evening and it is likely to be ...
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Category :
GST |
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0 | Hits : 1223
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RBI Fines ICICI, Bank of Baroda Over Know Your Customer Norms
Posted Date : 17-Dec-2014 , 10:12:07 pm | Posted By CASANSAAR
Reserve Bank of India (RBI) has imposed monetary penalty on two banks (ICICI Bank and Bank of Baroda) and cautioned three banks (State Bank of India, Axis Bank and State Bank of Patiala) for violating Know Your Customer (KYC)/ Anti Money Laundering (AML) instructions.
ICICI Bank and Bank of...
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Category :
Banking |
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0 | Hits : 1106
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Lok Sabha passes Companies Act amendment Bill 2014
Posted Date : 17-Dec-2014 , 05:26:03 pm | Posted By CASANSAAR
The Lok Sabha on Wednesday passed the Companies amendment Bill, 2014, which provides for severe punishment for those raising illegal deposits from the public.
The Union Cabinet had approved the amendments earlier this month.
Under the new norms proposed, the paid-up capital criteria has been scrap...
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Category :
Corporate Law |
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0 | Hits : 1915
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Govt not to change 20 Companies per Auditor Rule
Posted Date : 17-Dec-2014 , 05:12:33 pm | Posted By CASANSAAR
The corporate affairs ministry has ruled out changing aCompanies Act provision prohibiting an auditor from handling the books of more than 20 companies in a year. This provision would not be changed, said an official.
The new Companies Act says a person shall not be e...
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Category :
Corporate Law |
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0 | Hits : 1839
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Illustrative Audit Engagement Letter under Companies Act, 2013 - ICAI
Posted Date : 17-Dec-2014 , 03:08:13 pm | Posted By CASANSAAR
FOR THE ATTENTION OF THE MEMBERSILLUSTRATIVE FORMATS OF THE ENGAGEMENT LETTER FOR AUDIT OF FINANCIAL STATEMENTS UNDER THE COMPANIES ACT, 2013 AND THE RULES THEREUNDER
The Auditing and Assurance Standards Board is issuing the following illustrative formats for engagement letter for audit...
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Category :
Corporate Law |
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0 | Hits : 1975
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Lawyers, Law firms must pay service tax to biz clients - Bombay HC
Posted Date : 17-Dec-2014 , 09:17:57 am | Posted By CASANSAAR
The Bombay High Court has upheld the levy of service tax on services provided by lawyers and law firms, to their business clients. Thus, business entities who hire lawyers and law firms will have to continue to pay service tax and also deposit it with the government.&nb...
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Service Tax |
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1 | Hits : 1601
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Public Sector Banks lost Rs 2,417 crore due to fraud in first quarter
Posted Date : 17-Dec-2014 , 09:17:49 am | Posted By CASANSAAR
State-run banks saw a marked rise in incidents of fraud in the first three months of this fiscal, a list compiled by the government shows, adding to concerns over the management of these lenders.The data shows that fraudsters cheated these banks of Rs 2,417 crore of public money between April and Ju...
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Banking |
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GET free of cost 10 unstructured CPE hours on a Self declaration for 2014
Posted Date : 17-Dec-2014 , 09:17:39 am | Posted By CASANSAAR
One can claim the CPE hours by filing a Self Declaration Form with the ICAI for the calendar year 2014. Current Block for Compliance of CPE Hour is from 01.01.2014 to 31.12.2016. Members, who have not filed self deceleration for Calendar Year 2014, can file the same now.
...
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Category :
ICAI |
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0 | Hits : 8059
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Cabinet likely to consider Constitutional Amendment Bill for Goods & Services Tax (GST) on Wednesday
Posted Date : 16-Dec-2014 , 10:17:36 pm | Posted By CASANSAAR
The Union Cabinet is likely to consider Constitutional Amendment Bill for Goods & Services Tax (GST) on Wednesday. The Government aims to introduce the Bill in the ongoing session of Parliament.
The Bill, once, approved by Parliament, will need the nod from at least 50 per cent State As...
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GST |
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0 | Hits : 794
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FM to begin Pre-Budget consultations from Jan 6
Posted Date : 16-Dec-2014 , 10:07:24 pm | Posted By CASANSAAR
Finance Minister Arun Jaitley will hold pre-budget consultations with different stakeholders including trade unions, financial institutions and economists beginning January 6.
Jaitley, who would be presenting his second Budget in February end, will hold pre-budget discussions with industry ...
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Budget |
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