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...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 778
|
 |
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...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 995
|
|
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...
Continue Reading...
Category :
Excise |
Comments :
0 | Hits : 771
|
|
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...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 1637
|
|
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...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 758
|
|
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...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 1222
|
|
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 ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1512
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 967
|
|
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...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 833
|
|
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...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 926
|
|
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...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 1105
|
|
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...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 970
|
|
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. ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1189
|
|
Govt transfers Financial Services Secretary G S Sandhu; Appoints Gujarat IAS officer Hasmukh Adhia in his place.
Posted Date : 03-Nov-2014 , 10:58:11 pm | Posted By CASANSAAR
In yet another secretary-level change, government today appointed Hasmukh Adhia, a 1981 Gujarat cadre IAS officer, as the new Financial Services Secretary replacing G S Sandhu. Sandhu, a 1980 Rajasthan cadre IAS officer, has been made Chairman of the National Authority for Chemical We...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 1271
|
|
Shri V. Sagar is New Acting Secretary of ICAI
Posted Date : 03-Nov-2014 , 10:27:35 pm | Posted By CASANSAAR
in terms of decision taken by the council at its 337 meeting held during 29th to 31st october, Shri V. Sagar, Joint Secretary is hereby designated as ‘Acting Secretary’ of the Institute w.e.f. 31st October, 2014. subsequent to Shri T.Karthikeyan, Secretary, having been releived...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1352
|
|
HC stays penal interest on I-T returns filed till extended November 30 deadline
Posted Date : 03-Nov-2014 , 08:46:23 am | Posted By CASANSAAR
The Madras high court has granted an interim stay on imposing penal interest on taxpayers who are required to file their income tax (I-T) returns by the extended due date of November 30.
The CBDT had issued the notification extending the due date to comply with the judgments of various high...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1371
|
|
Two CAs under lens for cooking books of Company
Posted Date : 02-Nov-2014 , 09:26:43 pm | Posted By CASANSAAR
The Institute of Chartered Accounts of India is investigating allegations that a chartered account, who figures on the CBI's list of undesirable contact men (UCM), allegedly doctored balance sheets of a company.
Sources said it wasn't an isolated instance, but they have been n...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 2653
|
|
Banks to have a say in selecting auditors from next year
Posted Date : 02-Nov-2014 , 09:07:44 pm | Posted By CASANSAAR
In order to give greater autonomy to public sector banks, the Finance Ministry is working on a framework which will give lenders the authority to select statutory auditors, a pattern that would come into effect from next fiscal. "We are now thinking of a framework were banks could be involved. ...
Continue Reading...
Category :
Auditing |
Comments :
0 | Hits : 2748
|
|
RBI Asks Rural Banks to Partially Freeze KYC Non-Compliant Accounts
Posted Date : 02-Nov-2014 , 09:06:11 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) has directed regional rural and central cooperative banks to partially freeze accounts of those customers who have not complied with the Know Your Customer (KYC) norms.
Similar instructions were issued to commercial banks by the apex bank last month.
"Banks may impo...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1059
|
|
Cyber Crimes Cell detects Nation-wide tax returns Fraud
Posted Date : 02-Nov-2014 , 08:39:03 pm | Posted By CASANSAAR
A nation-wide fraud involving fake Income Tax Department websites, fraudulent emails and phising websites cheating tax-payers by promising IT refunds has been detected by the Cyberabad’s Cyber Crimes Cell.
Using proxy servers, the culprits are sending emails that appear to have been s...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1573
|
|
Free ATM transactions to be curtailed from tomorrow
Posted Date : 31-Oct-2014 , 10:17:42 pm | Posted By CASANSAAR
From Saturday (November 1), frequent withdrawal of money from ATMs will be costlier with the Reserve Bank of India (RBI) having imposed a limit of 3 cross-bank transaction per month from other banks and 5 from same bank.
As per the new RBI guidelines passed earlier in August, a customer will have t...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 2072
|
|
CBDT asks I-T to tap over 5L taxpayers who didn't file returns
Posted Date : 31-Oct-2014 , 09:48:39 pm | Posted By CASANSAAR
As part of efforts to boost revenue collection, CBDT has asked the Income Tax Department to monitor cases of over five lakh taxpayers who have not filed their latest tax returns.
The electronic database and systems unit of the Central Board of Direct Taxes has issued an official communication in th...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1230
|
|
Finance Ministry takes steps to cut fiscal deficit
Posted Date : 31-Oct-2014 , 10:18:29 am | Posted By CASANSAAR
The Narendra Modi government launched an austerity drive on Thursday to trim the fiscal deficit to 4.1 per cent of gross domestic product (GDP) in 2014-15 with a 10 per cent across-the-board cut in non-plan expenditure and barred senior officials from first-class air travel, foreign jaunts, holding ...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 893
|
|
Finance Minister Asks the Senior Officers of the Income Tax Department not to Lose Sight of Domestic Black Money
Posted Date : 30-Oct-2014 , 09:11:55 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley asked the senior officers of the Central Board of Direct Taxes (CBDT) not to lose sight of domestic black money keeping in view its much higher magnitude. He asked the senior officers of the Income Tax Department to make their best efforts to chase those ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 859
|
|
Government Committed to Increase Savings Rate in the Country: Secretary, Financial Services
Posted Date : 30-Oct-2014 , 09:11:07 pm | Posted By CASANSAAR
National Savings Institute (NSI), Ministry of Finance, Government of India jointly celebrated here today the World Thrift Day, in collaboration with World Savings & Retail Banking Institute (WSBI), Brussels. In his message on this occasion, the Prime Minister Shri Narendra Modi said that “...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 985
|
|
Petrol, diesel prices likely to be cut by Rs 2.50/ltr from Friday midnight
Posted Date : 30-Oct-2014 , 09:06:36 pm | Posted By CASANSAAR
Prices of petrol and diesel are likely to be cut by upto Rs 2.50 per litre from Friday midnight due to fall in international brent crude oil prices.ources said, with the fall in crude oil price to about USD 85 a barrel, oil companies in India are likely to slash the prices of petrol and diesel.
If ...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 831
|
|
RBI Allows Urban Cooperative Banks to Act as PAN Service Agents
Posted Date : 30-Oct-2014 , 09:06:11 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) has allowed all urban cooperative banks (UCBs) to act as PAN service agents.
Earlier, only financially sound and well-managed UCBs were allowed to act as PAN service agents. They were allowed to do so only after entering a tie-up with UTI Infrastructure and T...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 923
|
|
Govt denies extension to CMD of Punjab National Bank
Posted Date : 30-Oct-2014 , 09:05:48 pm | Posted By CASANSAAR
The government has not given extension to Punjab National Bank Chairman and Managing Director K R Kamath after he completed his 5-year term in the PSU bank yesterday.
As per the government rules, the CMD and Directors are appointed in public sector entities for a period of five years or u...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 907
|
|
Sebi Notifies New Norms For Employee Stock Options (ESOP)
Posted Date : 30-Oct-2014 , 09:05:31 pm | Posted By CASANSAAR
Market regulator Sebi or Securities and Exchange Board of India has notified new ESOP or employee stock options regulations, including for purchase of shares by employee welfare trusts from the secondary market with adequate safeguards.Sebi has allowed companies to have employee stock option program...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 1195
|
|
CA booked for hacking I-T returns account in Gurgaon
Posted Date : 30-Oct-2014 , 09:05:16 pm | Posted By CASANSAAR
The Gurgaon police on Monday booked a man for allegedly hacking an income tax returns account of an employee in March this year.The police said Deepak Rao, a resident of Sector 17A, had filed a complaint at the Sector 18 police station, alleging that his password had been changed by an unknown perso...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 3068
|
|
|
