RBI tightens rules for Shadow Banks
Posted Date : 11-Nov-2014 , 07:01:48 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has tightened rules for so-called "shadow banks", raising minimum capital requirements and restricting deposits with a set of changes that it hopes will protect consumers and the market without stifling growth.
Non-banking financial companies (NBFCs...
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Banking |
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POSTPONEMENT OF EXAMINATION OF GROUP-I, PAPER-4, OF INTERMEDIATE (IPC) EXAMINATION SCHEDULED FOR 14TH NOV. 2014
Posted Date : 10-Nov-2014 , 09:03:53 pm | Posted By CASANSAAR
10th November, 2014
IMPORTANT ANNOUNCEMENT
POSTPONEMENT OF EXAMINATION OF GROUP-I, PAPER-4, OF INTERMEDIATE (IPC) EXAMINATION SCHEDULED FOR 14TH NOVEMBER - 2014.It is hereby informed that due to unavoidable circumstances the examination of Group – I, Paper - 4 - Taxation of I...
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Students Zone |
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Public sector banks employees to hold strike on Wednesday
Posted Date : 10-Nov-2014 , 08:23:17 pm | Posted By CASANSAAR
Normal banking operations such as cheque clearance in public sector banks across the country are likely to be hit on Wednesday as employees have decided to go on one-day nation-wide strike to press for wage revision.
"In negotiations held today, Indian Banks Association (IBA) stuc...
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Banking |
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Observations of the candidates on the question papers of CA examinations-Nov. 2014 - ICAI
Posted Date : 10-Nov-2014 , 04:13:06 pm | Posted By CASANSAAR
8th November 2014
Observations of the candidates on the question papers of CA examinations-Nov. 2014 It has been decided to introduce a mechanism to obtain the feedback of the candidates who appear in the CA examinations, on the question papers in CA examinations, with effect from May 2014 exa...
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ICAI |
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Get FREE Regular Professional Updates via WhatsApp / email / BBM from CASANSAAR
Posted Date : 10-Nov-2014 , 08:21:06 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...
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General |
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Download Revised Utility updated on 06th November for Tax Audit Report for AY 2014-15
Posted Date : 10-Nov-2014 , 08:15:47 am | Posted By CASANSAAR
CBDT on 06-11-2014 released Revised Form 3CA-3CD & Form 3CB-3CD filing utility along with updated Schema. Revised Utility is is now available for e-Filing.
Form 3CA-3CD
Audit report under section 44AB of the Income-tax Act, 1961 in a case where the accou...
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Income Tax |
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ICAI starts proceedings in Rs 870-crore Reebok Scam
Posted Date : 10-Nov-2014 , 08:02:19 am | Posted By CASANSAAR
Chartered accountants’ apex body ICAI has started proceedings against a former Reebok India official for his alleged involvement in the Rs 870 crore scam at the sportswear maker that came to light in 2012.
The Rs 870 crore scam was allegedly committed by the company’s former man...
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ICAI |
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Doctors, Engineers, CA: Modi banks on Professionals
Posted Date : 10-Nov-2014 , 08:01:11 am | Posted By CASANSAAR
Sunday's ministry expansion saw several professionals joining the Modi ministry. They include an engineer, a doctor, CA and a Harvard Business School alumnus.
The PM has preferred to have a fair number of professionals in his ministry as he gets into the task of repairing the economy and the ...
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General |
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Final talks on with states on Goods and Services Tax: FM
Posted Date : 10-Nov-2014 , 07:52:24 am | Posted By CASANSAAR
The central government is in the final stages of talks with the states on the pan-India Goods and Services Tax (GST) before the relevant bill for implementation is introduced in the upcoming session of parliament, Finance Minister Arun Jaitley said Sunday.
"I'm in the last st...
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GST |
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Allocation of Portfolios amongst the Members of the Council of Ministers
Posted Date : 10-Nov-2014 , 07:41:19 am | Posted By CASANSAAR
The President of India, as advised by the Prime Minister, has directed that the allocation of portfolios amongst the members of the Council of Ministers shall be as below:- Prime Minister Shri Narendra Modi: Personnel, Public Grievances and Pensions; Department of Atomic Energy Department of Sp...
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General |
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No service tax on food sold at air-conditioned restaurants: HC
Posted Date : 09-Nov-2014 , 08:05:57 am | Posted By CASANSAAR
You won't have to pay extra tax for food and beverages you consume from either an air-conditioned restaurant or from an air-conditioned restaurant run alongside a bar.
Bringing relief to customers, who otherwise would've had to pay 12.36% service tax on 40% of the total bill amount, a division benc...
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Service Tax |
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New depreciation regime: Clarity needed on transitional provisions, say Auditors
Posted Date : 08-Nov-2014 , 10:33:10 pm | Posted By CASANSAAR
The new depreciation regime is impacting corporate bottomlines in interesting ways this fiscal. While the new norms provide more flexibility to companies and are a step toward aligning with international practices, there is a need for more clarity on the transitional provisions, say audit experts.
...
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Income Tax |
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Top exchanges BSE and NSE to suspend trading in Kingfisher Airlines, UB Engineering
Posted Date : 08-Nov-2014 , 07:50:05 pm | Posted By CASANSAAR
In a major clampdown for non- compliance of Listing Agreement, top exchanges BSE and NSE today announced suspension of trading in shares ofKingfisher Airlines and another group firm, UB Engineering, from next month. Besides, the entire promoter shareholding of these companies hav...
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Income Tax |
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Blackmoney: SIT finds 122 names repeated in list; Less than half of HSBC bank accounts with no money
Posted Date : 08-Nov-2014 , 07:19:15 pm | Posted By CASANSAAR
The Special Investigation Team, SIT on black money has found that less than half of the HSBC bank list of over 600 accounts did not have any money while more than hundred names were a repeat, hampering the possibility of any action against them. Quoting Official sources, PTI reports that the Income ...
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Students Zone |
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ED raids Chartered Accountant
Posted Date : 08-Nov-2014 , 08:13:51 am | Posted By CASANSAAR
The Enforcement Directorate (ED) today raided the premises of xxxxxxxxxxxxxxxxxx, a Chartered Accountant’s firm at Cuttack Road here in connection with its investigations pertaining to the operations of the Seashore Group of Companies, a major player in the mega chit fund scam in Odisha.
&nbs...
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ICAI |
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ICAI to participate in World Congress of Accountants
Posted Date : 08-Nov-2014 , 08:11:23 am | Posted By CASANSAAR
The country's apex body of chartered accountants ICAI will be participating in the world congress of accountants to be held in Italy next week. The World Congress of Accountants (WCOA) is scheduled to be in Rome, Italy, from November 10-13. Around 4,000 professionals from more than 100 cou...
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Income Tax |
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ICSI Election Notification - 2014
Posted Date : 07-Nov-2014 , 07:37:28 pm | Posted By CASANSAAR
Pursuant to Guideline No. 15 of the Company Secretaries Chapter Guidelines, 1983 (as amended), the Council has specified that constitution of the Managing Committee of Chapters having 25 or more members will be done by poll and in case of Chapters with less than 25 members will be don...
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ICSI |
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Peak Filing Preparation 2013-2014 - MCA 21
Posted Date : 07-Nov-2014 , 07:32:41 pm | Posted By CASANSAAR
As you are aware it is time of peak filing of Balance Sheet & Annual Return under the Companies Act. To avoid last minute rush and system congestion on the MCA 21 portal on account of filings under the Company Law Settlement Scheme, 2014 ending on 15.11.2014 and annual filings during Novemb...
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Corporate Law |
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CBDT Issues Instructions to Its Field Offices Regarding Endeavour Towards a Non-Adversarial Tax Regime
Posted Date : 07-Nov-2014 , 07:28:20 pm | Posted By CASANSAAR
In its constant endeavour towards a non-adversarial tax regime, the Central Board of Direct Taxes (CBDT) has issued instruction dated 7th November, 2014 to its field offices. Emphasis has been laid on cleanliness in office, punctuality, timeliness in appointment and avoiding unnecessary adjournments...
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Income Tax |
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Initiatives to Facilitate Trade and Encourage Non-Adversarial Tax Administration
Posted Date : 07-Nov-2014 , 07:27:36 pm | Posted By CASANSAAR
In the Budget 2014 Hon’ble Finance Minister had announced certain initiatives to facilitate trade and cut trade transaction costs. It is the endeavor of the Indirect Tax administration to facilitate the trade and industry in discharging their tax dues, and simplify procedures for ease of doing...
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Excise |
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One More Chartered Accountant to be inducted in Union Cabinet?
Posted Date : 07-Nov-2014 , 08:24:02 am | Posted By CASANSAAR
Speculations are rife that Shiv Sena leader Suresh Prabhu may be inducted in the Union Cabinet.
As per reports doing the rounds on Thursday, the BJP-led NDA government is keen to have Prabhu in the Cabinet.
However, some reports also suggested that the Shiv Sena had declined such...
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General |
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SEBI set to allow foreign VCs to finance core investment firms
Posted Date : 07-Nov-2014 , 08:16:13 am | Posted By CASANSAAR
SEBI plans to allow foreign venture capital investors (FVCI) to invest in core investment companies (CIC) which fund the infrastructure sector.
CICs are companies which have their assets predominantly as investments in shares for holding stake in group companies which is neither for trading...
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SEBI |
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Online banking data stealing virus on the prowl in cyberspace
Posted Date : 06-Nov-2014 , 08:34:17 am | Posted By CASANSAAR
Cyber security sleuths have alerted online banking customers in the country against the malicious activity of a deadly 'Trojan' virus which steals classified data and passwords of a vulnerable user. "It has been reported that variants of a new banking Trojan dubbed as 'Dyreza' are spreading. Th...
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Banking |
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Satyam scam: ICAI completes proceeding against Members
Posted Date : 06-Nov-2014 , 08:27:47 am | Posted By CASANSAAR
Completing its proceedings against errant members involved in Satyam scam of 2009, chartered accountants' apex body ICAI has cancelled their memberships and has imposed a fine of Rs five lakh each against them. In the wake of Satyam scam, disciplinary action was initiated against the concerned ...
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ICAI |
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RBI asks banks to alert customers in high value cheque payments
Posted Date : 06-Nov-2014 , 08:24:51 am | Posted By CASANSAAR
To clamp down on cheque-related fraud cases, the Reserve Bank of India (RBI) on Wednesday asked banks to alert account holders by a phone call and contact the base branch in case of non-home cheques before clearing high value payments.
The RBI also asked banks to send an SMS alert...
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RBI |
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Anita Kapur is CBDT New Chairperson
Posted Date : 06-Nov-2014 , 08:23:05 am | Posted By CASANSAAR
Senior IRS officer Anita Kapur has been appointed as the new chairperson of the Central Board of Direct Taxes (CBDT), the apex authority of the Income-Tax Department.
Kapur, a 1978-batch officer of the Income-Tax cadre, was till now serving as Member (Legislation and Computerisation and Inc...
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Income Tax |
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Corporates to pump in Rs 14,000 cr towards CSR in 2014-15: FM
Posted Date : 05-Nov-2014 , 08:17:34 am | Posted By CASANSAAR
Finance Minister Arun Jaitley today said companies are expected to pump in as much as Rs 14,000 crore for Corporate Social Responsibility (CSR) activities in 2014-15 and the amount will be increasing in subsequent years.
“… CSR alone in its very first year is going to contribut...
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Corporate Law |
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MCA set up an internal committee to review e-Forms as well as the overall filing process to simplify procedures
Posted Date : 05-Nov-2014 , 08:13:39 am | Posted By CASANSAAR
To ease doing of business, Corporate Affairs ministry has set up an internal committee to review e-Forms as well as the overall filing process to simplify procedures under the new companies law.
Modi government is taking a number of steps to make it easier to do business in India. The compa...
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Corporate Law |
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0 | Hits : 1095
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Stocks Brokers Cannot Act As Merchant Banker: SEBI
Posted Date : 04-Nov-2014 , 05:38:19 pm | Posted By CASANSAAR
An entity registered only as a stock broker cannot undertake the role of a merchant banker in the capital markets, regulator Sebi said.
The Securities and Exchange Board of India (Sebi) clarified this in reply to an 'interpretive letter' sought by Almondz Global Securities Limited (AGSL), w...
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SEBI |
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Income Tax department may pass ex parte order against overseas account holders
Posted Date : 04-Nov-2014 , 08:00:39 am | Posted By CASANSAAR
The income-tax department could pass ex parte orders against overseas account holders who don't cooperate or appear before the authorities as it rushes to complete investigations in five months. "We could look at ex parte assessment orders," said a government official familiar with the matter. ...
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Income Tax |
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