Expeditious issue of refunds to the assesses of Jammu & Kashmir
Posted Date : 16-Oct-2014 , 07:44:48 am | Posted By CASANSAAR
In view of the large devastation caused by the recent floods in Jammu & Kashmir, the Income tax Department is taking necessary steps to process expeditiously the refund claims of the taxpayers residing in the state of Jammu & Kashmir who have submitted their returns through electronic mode. ...
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Income Tax |
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Company Law Settlement Scheme, 2014 has now been extended till 15 Nov
Posted Date : 15-Oct-2014 , 11:38:48 pm | Posted By CASANSAAR
Company Law Settlement Scheme, 2014 has now been extended till 15 Nov.2014 vide circular no. 40/2014 dated 15th october 2014....
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Corporate Law |
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0 | Hits : 997
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Hosting of exemption(s) in a paper granted in Intermediate and Final examinations, valid for November 2014 - ICAI
Posted Date : 15-Oct-2014 , 05:14:59 pm | Posted By CASANSAAR
Exemption(s) in a paper(s) are granted to candidates of Intermediate and Final examinations, in terms of Regulation 37C(8) and Regulation 38C(6), respectively, of the Chartered Accountants Regulations 1988.The rules in this regard are provided in the Guidance Notes made available to the candidates a...
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ICAI |
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Auditors to give info on Companies' internal financial controls
Posted Date : 15-Oct-2014 , 09:00:04 am | Posted By CASANSAAR
To ensure more transparency, auditors will now be required to provide information about a company's internal financial controls and their operating effectiveness in the annual statements.
The new provision would be mandatory for auditors from next financial year starting from Ap...
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Auditing |
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Money transfer from abroad in Service Tax Net
Posted Date : 15-Oct-2014 , 08:56:04 am | Posted By CASANSAAR
The Centre on Tuesday decided to garner revenue by indirectly levying service tax on NRI remittances, a move that will eat into the earnings of lakhs of NRIs who regularly send money back home.
In a circular issued by the Central Board of Excise and Customs (CBEC), the government said banks and fin...
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Service Tax |
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Announcement - Zone Shifting of Candidates for November 2014 CA Examinations
Posted Date : 14-Oct-2014 , 10:13:23 pm | Posted By CASANSAAR
IMPORTANT ANNOUNCEMENT
October 14th , 2014
Subject: Zone-shifting of candidates for November - 2014 CA Exams
Due to paucity of accommodation in certain Zones opted by the candidates in the cities of Bengaluru, Chennai, Delhi, Hyderabad, Indore and Mumbai, some of the candidates have...
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Students Zone |
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Download online ICAI Admit Card for Nov 2014 Examination
Posted Date : 14-Oct-2014 , 10:10:21 pm | Posted By CASANSAAR
Admit cards in respect of candidates admitted to the Intermediate (IPC) and Final November 2014 examination, with their photographs and signatures on them, are hosted on www.icai.nic.in. Candidates may print their admit cards from the said website.For downloading/printing of the admit card...
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Students Zone |
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Amendment in Companies (Accounts) Rules, 2014,
Posted Date : 14-Oct-2014 , 09:33:42 pm | Posted By CASANSAAR
In exercise of the powers conferred by sub-sections (1) and (3) of section 128, sub-section (3) of section 129, section 133, section 134, sub-section (4) of section 135, sub-section (1) of section 136, section 137 and section 138 read with section 469 of the Companies Act, 2013 (18 of 2013), the Cen...
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Corporate Law |
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0 | Hits : 911
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25 Proposals of Foreign Direct Investment Amounting to Rs.1546.12 Crore Approved
Posted Date : 14-Oct-2014 , 09:31:50 pm | Posted By CASANSAAR
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on August 29, 2014, Government has approved 25proposals of Foreign Direct Investment amounting to`1546.12 Crore approximately.
In addition, one proposal viz., M/s Medereich Limited amounting ...
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International Business |
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Amendment in Companies (Audit and Auditors) Rules, 2014
Posted Date : 14-Oct-2014 , 09:16:24 pm | Posted By CASANSAAR
In exercise of powers conferred by sub-sections (1), (2) and (4) of section 139, sub-sections (1) and (2) of section 140, sub-section (3) of section 141, sub-sections (2), (3), (8) and (12) of section 143, sub-section (3) of section 148 read with sub-sections (1) and (2) of section 469 of the Compan...
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Corporate Law |
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0 | Hits : 850
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Now, you can send Money through Facebook, Twitter
Posted Date : 14-Oct-2014 , 09:10:27 am | Posted By CASANSAAR
Social networking sites are slowly emerging as mini-banks for users!
While private sector lender Kotak Mahindra Bank (KMB) has launched a Facebook-based instant fund transfer service in India, French banking major Groupe BPCE is teaming up with Twitter to allow its customers to ...
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Category :
Banking |
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0 | Hits : 1229
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RBI asks Banks to comply with address proof norms
Posted Date : 14-Oct-2014 , 09:08:40 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Monday said banksshould ensure that customers are not unnecessarily asked to submit additional proofs of addresses for current addresses, in cases where proofs of addresses for permanent addresses are already available.
In June 2014, RBI had said cu...
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Category :
Banking |
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0 | Hits : 671
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CBDT to promote over 200 officers to clear pending disputes
Posted Date : 14-Oct-2014 , 09:03:45 am | Posted By CASANSAAR
The Central Board of Direct Taxes has speeded up the process of promoting more than 200 officers to the commissioner level for redressing appeals piling up before the department, a top CBDT official said today.
"Currently, there are 2,50,000 appeals pending before commissioners. We ...
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Category :
Income Tax |
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0 | Hits : 624
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Companies/Agencies Seeking Verification of Chartered Accountants Qualification to Remit Fee - ICAI
Posted Date : 14-Oct-2014 , 08:56:17 am | Posted By CASANSAAR
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA(EXAMINATION DEPARTMENT)
In terms of the decision of the Finance Committee of the Institute taken at its 23rd meeting on the recommendations of the Examination Committee, it was decided to charge a sum of Rs.500/- per person as the education verificati...
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ICAI |
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Sebi bars DLF, Chairman K P Singh, Vice Chairman Rajiv Singh in IPO disclosure case
Posted Date : 13-Oct-2014 , 08:18:20 pm | Posted By CASANSAAR
Regulator Sebi has barred realty major DLF, as also six top executives including Chairman K P Singh, from securities markets for three years, after finding the company guilty of "active and deliberate suppression" of material information at the time of its public offer.
Those prohibited fro...
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Shares & Stock |
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0 | Hits : 887
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Golden Opportunity - CASANSAAR offers 20% Discount on Website Development on the Occasion of New Web Office
Posted Date : 13-Oct-2014 , 12:17:01 pm | Posted By CASANSAAR
On the Occasion of New Web Office, CASANSAAR offers its users a Discount of 20% on Website Development.
- You can now get your Professional Website developed on discounted Prices of Rs. 2500/- with 2 email id's having space of 2GB Each.- This offer is only for CA/CS/CMAs and for there own /...
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Corporate Law |
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0 | Hits : 1318
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MCA to prescribe road map for companies to adopt new account norms next week
Posted Date : 13-Oct-2014 , 08:10:23 am | Posted By CASANSAAR
The transition to a new framework for both financial reporting and tax reporting purposes will be a big change for companies and analysts say it may not be that smooth."Companies should start assessing the impact of Ind-AS adoption on their business, financial reporting, systems and processes, train...
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Corporate Law |
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0 | Hits : 1111
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RBI to announce final Norms on Small Banks, Payment soon
Posted Date : 13-Oct-2014 , 08:08:11 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) Deputy Governor, S S Mundra, has said that the central bank plans to announce the final norms on small and payment banks next month.
“We have received comments (on the discussion paper). Soon, in a month or so, the RBI will come out with the final guide...
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Category :
Banking |
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0 | Hits : 768
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Court issues summons to Ramalinga Raju, others in SEBI case
Posted Date : 13-Oct-2014 , 07:53:29 am | Posted By CASANSAAR
An economic offences court here has issued summonses to Satyam Computer Services founder Ramalinga Raju, his brother Rama Raju and three former senior executives among others, to appear before it on November 13 in connection with complaints by capital market regulator SEBI. Based...
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Corporate Law |
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0 | Hits : 812
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Incorporation of one-person companies sees spurt since April
Posted Date : 13-Oct-2014 , 07:52:16 am | Posted By CASANSAAR
The new Companies Act has made it legal to set up a company with just one director, limiting the liability of a business owner to the assets of the firm, unlike the alternative sole proprietorship model where an owner is personally liable for business debt.
Data from the corporate affairs ministry ...
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Corporate Law |
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0 | Hits : 945
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Income Tax department launches secure email system for staff to curb frauds
Posted Date : 13-Oct-2014 , 07:43:41 am | Posted By CASANSAAR
To curb misuse of official cyber tools and attempts of phishing, the Income Tax department has rolled out a secure email system for all its employees and officers. The department, official sources said, has recently discontinued its existing email systems (called Lotus mail and IMail) and has i...
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Category :
Income Tax |
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0 | Hits : 857
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Vodafone wins Rs 3,200 Cr Transfer Pricing case in Bombay High Court
Posted Date : 11-Oct-2014 , 08:20:17 am | Posted By CASANSAAR
The Bombay High Court on Friday ruledVodafone is not liable to pay an income tax demand of Rs 3,200 crore in a case relating to transfer pricing, a verdict which comes as a big relief for the UK-based mobile service provider already locked in a big tax dispute with the Government.
&n...
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Income Tax |
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0 | Hits : 1291
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Cap of 3 free ATM transactions only for metros, says RBI
Posted Date : 11-Oct-2014 , 08:18:26 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has clarified that freetransactions at non-home bank ATMs would come down to three from five only if all the transactions are carried out in the metros. These six metros include Mumbai, New Delhi, Chennai, Kolkata, Bangalore and Hyderabad.
The regulator has clar...
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RBI |
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5. 52 Crore Accounts Opened under PMJDY as on 7.10.2014; Deposit of Rs. 4268/- Crore have been Mobilized under PMJDY
Posted Date : 11-Oct-2014 , 07:53:39 am | Posted By CASANSAAR
The progress of Pradhan Mantri Jan Dhan Yojana (PMJDY) was reviewed by the Mission Director in a VC Meeting with the Executive Directors and other senior officers of public sector banks and major private sector banks on 09.10.2014. The meeting was also attended by representatives of National Payment...
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Banking |
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0 | Hits : 744
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Tax relief on transfer of technical manpower in SEZs
Posted Date : 11-Oct-2014 , 06:41:22 am | Posted By CASANSAAR
The income tax (I-T) department has allowed profit-linked tax deductions to new Special Economic Zone (SEZ) units upon transfer of technical manpower up to 50 per cent from an existing unit — a further relaxation from 20 per cent allowed earlier in July this year. This will provide a...
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Category :
Income Tax |
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0 | Hits : 1211
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RBI raises concern over high exposure of Banks to infra, realty
Posted Date : 11-Oct-2014 , 06:40:48 am | Posted By CASANSAAR
Expressing concern over high exposure of banks to infrastructure and real estate sectors, fifa 15 coins RBI Deputy governor R Gandhi today cautioned lenders saying they cannot put all eggs into one basket.As an alternative, the deputy governor suggested looking at corporate bonds market, fifa coins ...
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Banking |
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0 | Hits : 872
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AGMs cannot be
Posted Date : 11-Oct-2014 , 06:40:24 am | Posted By CASANSAAR
Stressing on a need for better governance practices at listed companies, SEBIi Chairman U K Sinha on Friday said things are changing for good and shareholder meetings should not be like a “chai and samosa party“.
Mr. Sinha gave credit for this change to growing activism of buy f...
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SEBI |
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0 | Hits : 1082
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RBI to monitor trades by companies in debt markets
Posted Date : 09-Oct-2014 , 07:18:24 am | Posted By CASANSAAR
Worried that a surge in trading in debt markets by companies could pose risks to financial market stability, the Reserve Bank of India has ordered its supervision team to monitor their trades, sources with direct knowledge of the situation said.
The move is the strongest expression of conce...
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RBI |
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1 | Hits : 930
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Govt to look into People's concerns on Flipkart's massive discount sale
Posted Date : 08-Oct-2014 , 09:17:07 pm | Posted By CASANSAAR
After receiving many complaints from traders on Flipkart's massive discount sale, Government today said it will look into the concerns and take a call on whether more clarity is required on e-commerce retail business. Speaking to reporters on the sidelines of a function in New Delhi Commerce an...
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Corporate Law |
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0 | Hits : 1583
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ICAI working on changes to Indian Accounting Standards
Posted Date : 08-Oct-2014 , 09:13:37 pm | Posted By CASANSAAR
The apex body of chartered accountants ICAI is in the process of making changes to the Indian accounting standards as part of efforts to converge with international norms. The government wants companies to adopt the new Indian Accounting Standards (Ind AS) - converged w...
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ICAI |
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