Due date for deposit of TDS for month of September, 2014 extended to October 10, 2014
Posted Date : 01-Oct-2014 , 02:24:43 pm | Posted By CASANSAAR
Considering the consecutive holidays owing to the festive season and weekend during the first week in the month of October, 2014, the Central Board of Direct Taxes has issued an order to extend the last date of deposit of tax deducted at source/tax collected at source during the month...
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Income Tax |
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MCX-SXCCL seeks candidates for Managing Director, CEO Post
Posted Date : 01-Oct-2014 , 08:17:46 am | Posted By CASANSAAR
The capital market watchdog Sebi's nod for the clearing house is subject to various conditions, including that a Managing Director and Compliance Officer is appointed "at the earliest". MCX-SXCCL were among the entities where Jignesh Shah-led FTIL was asked by the regulator to divest stake in t...
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General |
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LLPs can be admitted as sub-brokers, says SEBI
Posted Date : 01-Oct-2014 , 08:11:50 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi), which regulates stock markets in India, has clarified that entities structured as Limited Liability Partnerships (LLPs) can also be admitted as sub-brokers. Sub-brokers work under the broker, working like branches of the main broker in various locat...
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SEBI |
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RBI relaxes KYC norms for opening bank accounts
Posted Date : 01-Oct-2014 , 08:04:25 am | Posted By CASANSAAR
The Reserve Bank of India, RBI, relaxed Know Your Customer, KYC norms by allowing self-certification of documents for opening bank accounts.
RBI has asked banks to allow self-certified copy of the document by mail, or post for opening an account. Banks have also been asked not to seek fresh d...
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RBI |
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Extension of Date for Empanelment as Observers for Nov/Dec. 14 CA Exams/CPT, extended to 7th October 2014 - ICAI
Posted Date : 30-Sep-2014 , 03:12:06 pm | Posted By CASANSAAR
Empanelment of members to act as Observers for CA examinations/Common Proficiency Test (CPT) to be held in November/December 2014ICAI had invited applications from eligible members to undertake the assignment of Observers in the CA examinations/CPT to be held in Nov. 2014 vide announcement dated 29t...
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ICAI |
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Reserve Bank of India keeps key rates unchanged
Posted Date : 30-Sep-2014 , 03:00:35 pm | Posted By CASANSAAR
The Reserve Bank of India did not spring up any surprise move in its fourth bi-monthly monetary policy review. The central bank has kept key rates unchanged.
This is the fourth consecutive time that the RBI has kept key interest rates unchanged despite clamours from the industry to cut rate...
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RBI |
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SC's coal verdict: Banks to approach RBI for restructuring assets
Posted Date : 30-Sep-2014 , 08:18:15 am | Posted By CASANSAAR
Acknowledging that the Supreme Court order on mass cancellation of coal block licences may impact banks' asset quality, Financial Services Secretary G S Sandhu said yesterday that banks will approach RBI for restructuring such assets. Speaking to media persons in Mumbai yesterday Sandhu said, e...
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Service Tax |
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Excise department to clamp down on hotels evading luxury tax
Posted Date : 30-Sep-2014 , 08:14:00 am | Posted By CASANSAAR
Concerned over low luxury tax collection, theexcise department has geared up to clamp down on hotels,banquet halls, Spa evading luxury tax in the national capital.
The department, which is also in-charge of luxury tax collections in Delhi, will take the help of law enforcemen...
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Excise |
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Sebi Grants Conditional Renewal to MCX-SX Clearing Corporation
Posted Date : 30-Sep-2014 , 08:04:27 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) on Monday granted conditional one-year renewal of recognition to MCX-SX Clearing Corporation, which were among the entities in which Jignesh Shah-led Financial Tech or FTIL was asked by the regulator to divest its stake.
Capital market watchdog Sebi...
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SEBI |
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Don't harass taxpayers on pretext of scrutiny: CBDT to I-T
Posted Date : 29-Sep-2014 , 08:58:37 am | Posted By CASANSAAR
Taking a stern view of the undue "harassment" of taxpayers during scrutiny of their cases, the CBDT has issued orders asking the I-T department to complete these enquiries in quick time and not drag them "unnecessarily". Compulsory scrutiny cases have been a matter of grieva...
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Income Tax |
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Banks get a nudge from RBI to mine social media, know Customers better
Posted Date : 29-Sep-2014 , 08:57:44 am | Posted By CASANSAAR
The Reserve Bank of India is nudging banks to mine Facebook, Twitter and other social media data to access customers’ social profiles and possibly gain insights into individual customer behaviour.
RBI deputy governor, HR Khan, at a September 16 presentation in a conference in Mumbai, ...
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Banking |
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Net direct tax collection at Rs 2.60 lakh crore
Posted Date : 29-Sep-2014 , 08:48:04 am | Posted By CASANSAAR
Net direct tax collection so far in the current fiscal stood at Rs 2.60 lakh crore, said a senior finance ministry official.
The gross direct tax collection till September 26, 2014-15 fiscal, was at Rs 3.37 lakh crore.
Of this, corporate tax contributed was Rs 1.55 lakh crore during the period, th...
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Income Tax |
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Justice Dattu sworn in as Chief Justice of India
Posted Date : 28-Sep-2014 , 01:50:41 pm | Posted By CASANSAAR
ustice Handyala Lakshminarayanaswamy Dattu was on Sunday sworn in as the 42nd Chief Justice of India by President Pranab Mukherjee.
63-year-old Justice Dattu took oath in the name of God at a brief ceremony held at the chandeliered Durbar Hall of the Rashtrapati Bhawan.
Vice Presid...
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General |
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Jayalalithaa convicted in disproportionate wealth case
Posted Date : 27-Sep-2014 , 02:34:55 pm | Posted By CASANSAAR
A special court in Bangalore, Saturday, deferred its verdict in the 18-year-old Rs 66.65 crore disproportionate assets case against Tamil Nadu Chief Minister Jayalalithaa till 3 pm.
According to sources, the Tamil Nadu Chief Minister told the court that ...
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Income Tax |
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CBDT extends return of Income / ITR Due date to 30.11.2014 in Specified Cases
Posted Date : 27-Sep-2014 , 08:35:30 am | Posted By CASANSAAR
As per the provisions of the Income-tax Act, 1961 (the Act), for an assessee, who is required to obtain Tax Audit Report (TAR) under section 44AB of the Act, the due date for furnishing his return of income is 30th September of the Assessment Year.
The Central Board of Direct Taxes (the Board...
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Income Tax |
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Sebi notifies norms for REITs and infrastructure investment trusts
Posted Date : 27-Sep-2014 , 08:33:03 am | Posted By CASANSAAR
Market regulator Sebi on Friday notified norms for listing of business trust structures, REITs and InvITs that would help attract more funds in a transparent manner into realty and infrastructure sectors.
Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (InvITs), whose norms ...
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SEBI |
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How is Google paying tax but Facebook is not: Delhi High Court asks government
Posted Date : 27-Sep-2014 , 08:28:32 am | Posted By CASANSAAR
The Delhi High Court questioned why Facebook Inc is not paying any service tax when Google is doing so and directed the Centre to file a "better affidavit" on the issue.
"How is Google paying (service tax), but not Facebook? How is Facebook exempted? We are finding it difficult to understand," a be...
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Category :
Income Tax |
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0 | Hits : 1322
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S&P upgrades India's sovereign credit outlook to stable from negative
Posted Date : 26-Sep-2014 , 04:39:57 pm | Posted By CASANSAAR
Rating agency Standard & Poors has reversed its opinion about the Indian economy and upgraded the rating outlook to stable from negative while maintaining the credit rating at BBB-.
This is a major change from its position last year when it said India faces one in three chances of a downg...
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International Business |
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Non-salaried may get to file returns by November 30
Posted Date : 26-Sep-2014 , 07:51:21 am | Posted By CASANSAAR
The Bombay high court on Thursday directed the Central Board of Direct Taxes(CBDT) to consider an extension of the due date for filing of income tax (I-T) returns by non-salaried taxpayers to November 30 from September 30. Non-salaried taxpayers, who are ...
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Income Tax |
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FinMin clears the air on service tax levy on joint ventures
Posted Date : 26-Sep-2014 , 07:41:13 am | Posted By CASANSAAR
The Finance Ministry has made it clear that 'taxable services' provided by members of a joint venture to a JV and vice-versa will attract service tax.
This will be the case when the 'taxable services' are provided for consideration, the Finance Ministry had said in a circular on Wednesday.
...
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Service Tax |
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Bombay HC to CBDT - Consider the Representation of the of the chamber before 30th September.
Posted Date : 26-Sep-2014 , 07:39:41 am | Posted By CASANSAAR
The Chamber of Tax Consultants vs. UOI (Bombay High Court)
September 25th, 2014
Non-Extension Of due date for filing ROI will cause “substantial hardship“. CBDT must look into practical difficulties & take “just and proper” decision before 30.09.2014
...
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Income Tax |
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Govt to form joint venture of Maharatnas to revive sick PSU
Posted Date : 25-Sep-2014 , 09:49:09 pm | Posted By CASANSAAR
Heavy Industries and Public Enterprises Minister Anant Geete today said, a Joint Venture of Maharatnas will be formed to help revive sick Public Sector Undertakings. Addressing a Press conference in New Delhi this evening, Mr Geete said, out of 11 sick PSUs, process for reviving five has starte...
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Finance |
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Updates on TAR Deferment / ITR Extension in Various High Courts
Posted Date : 25-Sep-2014 , 02:36:00 pm | Posted By CASANSAAR
LATEST & Most Awaited News from Delhi High Court in case of Mahesh Kr & Co. Vs UOI & ors WP 5990/14 reg issue of furnishing Tax Audit Report subsequent to filing of ITR & Dt.extension.--
Petitioner's Counsel Ms Rashmi Chopra gracefully seeks permission to withdraw. Court order...
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Income Tax |
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Supreme Court quashes law for setting up national tax tribunal
Posted Date : 25-Sep-2014 , 12:22:11 pm | Posted By CASANSAAR
The Supreme Court onThursday struck down the National Tax Tribunal Act, holding it unconstitutional.
A Constitutional Bench of the apex court, headed by Chief Justice R.M. Lodha, said that Parliament could not take away the powers of the judiciary and rest them in a tribunal which is not a ...
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Corporate Law |
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New company law will not be a burden on independent directors: MCA official
Posted Date : 25-Sep-2014 , 08:06:00 am | Posted By CASANSAAR
Independent directors should not see the new company law provisions governing their functioning as “onerous”, said a top Corporate Affairs Ministry (MCA) official.
There need not be any apprehension that the new company law has loaded independent directors with more work and mad...
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Corporate Law |
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0 | Hits : 1160
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Get Income Tax benefit through contribution for clean Ganga mission
Posted Date : 25-Sep-2014 , 08:02:16 am | Posted By CASANSAAR
You can get tax relief by contributing towards the Clean Ganga project. The Government has announced setting up a Clean Ganga Fund (CGF) to help in the Integrated Ganga Conservation Mission called ‘Namami Gange.’
The Union Cabinet on Wednesday gave its approval for the fund. &ld...
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Income Tax |
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0 | Hits : 1249
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NCDEX to launch pan-India forward contract for trade
Posted Date : 25-Sep-2014 , 07:59:59 am | Posted By CASANSAAR
For the first time in the country, leading commodity exchange NCDEX is set to launch a pan-India forward contract on its electronic platform starting Thursday for facilitating trade between Farmer Producer Organisations (FPOs) and bulk buyers of agricultural commodities.
Titled ‘Agrim...
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Shares & Stock |
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EPFO's minimum monthly pension of Rs 1,000 to benefit 32 lakh immediately
Posted Date : 24-Sep-2014 , 08:10:02 pm | Posted By CASANSAAR
The government's decision to amend the Employees Pension Scheme, 1995 (EPS-95) run by Employees' Provident Fund Organisation (EPFO) to provide a minimum monthly pension of Rs 1,000 will immediately benefit an estimated 32 lakh pensioners who get less than the aforementioned amount.
...
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General |
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IDBI says has near 20 billion rupees exposure to companies affected by coal ruling
Posted Date : 24-Sep-2014 , 04:15:35 pm | Posted By CASANSAAR
Indian state-run lender IDBI Bank Ltd has close to Rs. 20 billion ($328 million) loan exposure to companies affected by a Supreme Court order scrapping coal blocks but not all of it will be problematic, the lender's head said on Wednesday.
"We are assessing," M.S. Raghavan, ...
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General |
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Madras High Court Directs CBDT to Extend Due Date of filing ITR to 30/11/2014
Posted Date : 24-Sep-2014 , 03:43:54 pm | Posted By CASANSAAR
In a Writ Filed to Madras High Court for the Extension of Income Tax Returns due date, Madras High Court directs CBDT to Extend Due Date of filing ITR to 30/11/2014.
Extension order be passed before 30/09/2014.
Waiting for the details....
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Income Tax |
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