Finance ministry to reserve Wednesdays for redressal of tax related grievances
Posted Date : 26-Dec-2014 , 10:41:00 am | Posted By CASANSAAR
Your local tax office head would now set aside a day just to meet you and address your woes related to the department. Apex direct and indirect taxes bodies have identified a number of measures to deepen engagement with taxpayers for better services as part of the Narendra Modi government's good gov...
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Income Tax |
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E-Book
Posted Date : 26-Dec-2014 , 08:13:22 am | Posted By CASANSAAR
“E-Book” on “Good Governance: Ministry of Finance” FOREWORD
The Government attaches utmost importance to the need for improving Governance and service delivery to the common man. One of the important tenets in this direction is the effective ...
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Finance |
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PM Nominates ICAI for Swachh Bharat Abhiyan
Posted Date : 25-Dec-2014 , 02:04:03 pm | Posted By CASANSAAR
Today Prime minister Nominated 9 Persons/Organizations to be part of Swachhta Abhiyan. It includes Institute of Chartered Accountants of India (ICAI). He said ICAI is very Big Organization at National level.
They are doing cleaning process in Accounting and should also Participate in Swach...
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Income Tax |
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2 | Hits : 2043
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No RTI on restructuring of corporate debt: CDR cell of RBI
Posted Date : 25-Dec-2014 , 10:17:50 am | Posted By CASANSAAR
Corporate Debt Restructuring cell of Reserve Bank of India, which has eased loan repayment worth Rs 3.7 lakh crore for top-end businessmen of the country, has refused to reply to an RTI query about its operations saying transparency law does not apply on it. Former Information Commissi...
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Banking |
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HC questions RBI on cap on withdrawals through ATM
Posted Date : 24-Dec-2014 , 10:42:42 pm | Posted By CASANSAAR
The Delhi High Court on Wednesday questioned Reserve Bank of India's decision to put a cap on withdrawals by banking customers using their ATM cards, saying account holders were being "unneccesarily taxed".
As per RBI's new guidelines, bank customers in six metros -- Delhi, Mumbai, Chennai, Kolkata...
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RBI |
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Cabinet okays insurance FDI hike, coal block auction ordinances
Posted Date : 24-Dec-2014 , 04:30:20 pm | Posted By CASANSAAR
The union cabinet Wednesday approved two key ordinances: one to hike foreign equity cap in the insurance sector, and the other to hold auctions for cancelled coal blocks.
The government took the ordinance report as the two legislations could not be passed in the just-concluded sessio...
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General |
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Bharat Ratna for former PM Atal Bihari Vajpayee, freedom fighter Madan Mohan Malviya
Posted Date : 24-Dec-2014 , 04:20:02 pm | Posted By CASANSAAR
Former prime minister and BJP veteran Atal Bihari Vajpayee and freedom fighter Madan Mohan Malaviya will be honoured with the country's highest civilian award the “Bharat Ratna”, the government announced on Wednesday.
A statement from President Pranab Mukhe...
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General |
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Candidates declared elected for ICSI Election to the Council from Northern India Regional Constituency
Posted Date : 24-Dec-2014 , 08:37:55 am | Posted By CASANSAAR
List of Candidates declared elected for ICSI Election to the Council from Northern India Regional Constituency.
1. Pandey Ranjeet Kumar
2. Chaudhary Vineet K.
3. Agrawal Shyam
4. Singh Satwinder
5. Bajaj Rajiv....
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ICSI |
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1 | Hits : 1514
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SEBI leads multi-agency probe into black money scam by listed companies
Posted Date : 24-Dec-2014 , 08:31:40 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi), the income-tax department and the special investigative team (SIT) on black money are learnt to be spearheading a multi-agency probe into an alleged flow of unaccounted money through 100 listed companies.
According to sources, Sebi&n...
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SEBI |
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I-T department to unveil online tax decision reference system to facilitate tax-related litigation
Posted Date : 24-Dec-2014 , 08:22:25 am | Posted By CASANSAAR
The income tax department is creating a central repository of judicial decisions to facilitate tax-related litigation and online searches. "The National Judicial Reference System (NJRS) is expected to become operational by March next year," Gagan Rai, MD and CEO at NSDL e-Governance Infrastructure, ...
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Income Tax |
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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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0 | Hits : 1048
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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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General |
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1 | Hits : 893
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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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ICAI |
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0 | Hits : 1169
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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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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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0 | Hits : 2420
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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 : 2955
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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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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 : 6501
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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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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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ICAI |
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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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Income Tax |
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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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Income Tax |
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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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Income Tax |
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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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Students Zone |
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1 | Hits : 2228
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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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GST |
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1 | Hits : 1002
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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 : 1035
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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 : 3365
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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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