Many Corporates rejecting Job applicants due to social media posts
Posted Date : 14-Sep-2014 , 03:12:06 pm | Posted By CASANSAAR
Social media has emerged as a major background-check tool for employers and nearly 68 per cent of them decide against hiring a person after finding negative details about the candidates, a survey has found.
According to a survey by job site CareerBuilder India, as many as 59 per cent employ...
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General |
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DUSU polls witness Modi wave, BJP-affiliated ABVP wins all 4 Seats
Posted Date : 13-Sep-2014 , 12:21:46 pm | Posted By CASANSAAR
The Narendra Modi wave was witnessed in the Delhi University Student Union polls as the Bharatiya Janata Party affiliated Akhil Bharatiya Vidhyarti Parishad (ABVP) won all four seats on Saturday.
Mohit Nagar won the president post, Pravesh Malik - vice president, Ameet Sidhu - secretary and...
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Students Zone |
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Indirect tax collection reaches 31.2% of Budget Estimate
Posted Date : 13-Sep-2014 , 08:39:09 am | Posted By CASANSAAR
Revenue authorities have managed to collect over 31 per cent of target for indirect taxes in first five months (April-August) of the current fiscal that is, 2014-15. Indirect taxes include Customs duty, excise duty and service tax.
However, collection of Customs duty and excise duty are sti...
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General |
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Postponement of Date of Applicability of Advanced ITT course - ICAI
Posted Date : 13-Sep-2014 , 08:27:37 am | Posted By CASANSAAR
As per Regulation 29(c)(iv) of The Chartered Accountants Regulation 1988, students who have registered for Practical Training on or after August 1st, 2012 were required to complete Advanced IT Training before admission to the Final Examination. Having regard to infrastructure and other facil...
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Students Zone |
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ICAI proposes Change in Eligibility period for IPC Exams & in Rules related to supply of answer book, Fees , stipend etc.
Posted Date : 12-Sep-2014 , 09:22:48 am | Posted By CASANSAAR
ICAI has vide its press release dated 10th September 2014 proposed amendments to The Chartered Accountants Regulations, 1988 vide Draft Chartered Accountants (Amendment) Regulations, 2014. Vide this it has proposed the Amendments in Regulations 28E, 39, 48 and 204 of the Chartered Accountants ...
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Students Zone |
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Whether only Extension u/s 139(1) will end all the TAR/ITRs related problems year after year
Posted Date : 12-Sep-2014 , 08:03:15 am | Posted By CASANSAAR
Respected Members,Last month, the CBDT gave us extension of TAR date to hide their unplanned & incompetent decision of mid-year TAR revamp as well as for their inability to provide its schema for almost a month, just to make us fool, when the deferment was well justified.And why..., because they...
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Income Tax |
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0 | Hits : 1626
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Goods and Services Tax implementation likely by mid-2015
Posted Date : 12-Sep-2014 , 07:54:09 am | Posted By CASANSAAR
The government is eyeing a mid-2015 rollout of its most comprehensive reform of indirect taxes aimed at replacing a plethora of state and central levies with a single goods and services tax, or GST. "We are working on tying up all the loose ends...The new government has identified it as a key p...
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GST |
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Registrations drop sharply after new Companies Act comes into force
Posted Date : 12-Sep-2014 , 07:51:27 am | Posted By CASANSAAR
The number of new companies registered in India between April and August has more than halved from the same period last year following the passage of the Companies Act, 2013, which was aimed at overhauling a 57-year-old law to make it more relevant and contemporary. During the first five months...
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Corporate Law |
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Accounting Professionals move Court for clarity on CBDT's Tax filing Deadline
Posted Date : 11-Sep-2014 , 05:24:51 pm | Posted By CASANSAAR
Some accounting professionals in the country have sought legal intervention to bring clarity into a recent directive from the Central Board of Direct Taxes (CBDT) extending deadline for furnishing the tax audit report without making any change in the deadline for filing the income-tax return.
...
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Income Tax |
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Download Guidance Note on tax Audit u/s 44AB of the Income-Tax Act, 1961 - Edition 2014
Posted Date : 11-Sep-2014 , 08:58:39 am | Posted By CASANSAAR
Institute of Chartered Accountants of India (ICAI) has Finally released much awaited Guidance Note on tax Audit u/s 44AB of the Income-Tax Act, 1961 – Edition 2014 on its website http://icai.org/ .
The Guidance Note Covers recent amendments in Format of Tax Audit Report...
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Income Tax |
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5 million Google accounts and passwords may have been leaked
Posted Date : 11-Sep-2014 , 08:36:37 am | Posted By CASANSAAR
According to a report which surfaced today, roughly 5 million passwords associated with Gmail accounts, or at least passwords that were once tied to Gmail accounts, have been leaked online.
This piece of news might not hit you well at first, but listen up: a fairly large...
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General |
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ICAI Clarification regarding Declration of Rank Holder Candidate for CA CPT, IPC & Final Exams
Posted Date : 10-Sep-2014 , 05:09:34 pm | Posted By CASANSAAR
9th September, 2014
ICAI recognizes meritorious candidates in CPT, by ranking them on the basis of the aggregate marks obtained by them in CPT up to 10th rank, on an all India basis, subject to his/her having secured a minimum of 60 percent marks. There is no practice of declaring any candidat...
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Students Zone |
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KPMG India's Deputy CEO Dinesh Kanabar quitting to start own venture
Posted Date : 10-Sep-2014 , 03:31:02 pm | Posted By CASANSAAR
KPMG India Pvt Ltd, the local unit of global auditing and advisory giant KPMG, said on Wednesday that its deputy CEO Dinesh Kanabar, who has been serving this role for over four years, will be leaving the firm at the end of next month.
Kanabar has more than two and half decades of experienc...
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Income Tax |
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Guarantors may get wilful defaulter tag too, says Reserve Bank of India
Posted Date : 10-Sep-2014 , 08:09:00 am | Posted By CASANSAAR
Companies and individuals who have furnished guarantees for wilful defaulters can also be accused as wilful defaulters, as per the new norms issued by the Reserve Bank of India (RBI). In a letter issued on Tuesday, RBI has said that if a guarantor refuses to pay lenders desp...
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RBI |
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ICICI Bank announces a stock split for the first time
Posted Date : 09-Sep-2014 , 08:24:52 pm | Posted By CASANSAAR
ICICI Bank, the country's largest private sector lender, has announced the sub division of its share for the first time in history. The bank board has approved the splitting of one equity share into five.
"The Board of Directors of ICICI Bank has considered and approved the sub-di...
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Shares & Stock |
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RBI sets 70 years as upper age limit for MD, CEO of Pvt Banks
Posted Date : 09-Sep-2014 , 05:12:19 pm | Posted By CASANSAAR
The Reserve Bank today fixed 70 years as the maximum age for a person to hold office of MD & CEO and other Whole Time Director (WTD) in a private bank as stipulated in the new Companies Act.
"It has been decided that the upper age limit for Managing Director & Chief Executive Office...
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Banking |
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Recognition of Deferred Tax Assets for Unrealised Losses Proposed amendments to IAS 12 (Last date for sending comments: October 9, 2014) - ICAI
Posted Date : 09-Sep-2014 , 05:07:24 pm | Posted By CASANSAAR
This Exposure Draft, published by the International Accounting Standards Board (IASB), contains proposed amendments to IAS 12, Income Taxes. The proposed amendments are in response to a request to the IFRS Interpretations Committee (the ‘Interpretations Committee’) to clarif...
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ICAI |
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Ensure that your TDS reaches the Income-Tax Department
Posted Date : 09-Sep-2014 , 07:52:45 am | Posted By CASANSAAR
Recently, a senior citizen received a notice from the Income Tax Department, asking her to pay Rs 30,000, the tax on her bank fixed deposits for assessment year 2013-14, along with interest, for late payment of tax. She was surprised, as her bank had deducted the tax at source (TDS).
What had happe...
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Income Tax |
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Raju, other Ex-Satyam execs get breather on Rs 3K-Cr SEBI Penalty
Posted Date : 09-Sep-2014 , 07:51:17 am | Posted By CASANSAAR
The Securities Appellate Tribunal (SAT) on Monday stayed a July order of the securities market regulator directing Satyam Computer Services founder Ramalinga Raju and four other executives to disgorge alleged unlawful gains.
The Securities and Exchange Board of India (Sebi) in July had as...
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Corporate Law |
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Jan Dhan Yojana: KPMG to validate number of accounts opened by Banks
Posted Date : 09-Sep-2014 , 07:49:22 am | Posted By CASANSAAR
The Finance Ministry has roped in professional services firm KPMG to undertake a validation exercise of the number of basic bank accounts opened by the banks under the Pradhan Mantri Jan Dhan Yojana (PMJDY).
KPMG’s confirmation of the number of accounts opened will help the Centre pit...
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Banking |
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CBI Director must come out in black and white on allegations: SC
Posted Date : 08-Sep-2014 , 10:20:23 pm | Posted By CASANSAAR
CBI Director Ranjit Sinha was on Monday directed by the Supreme Court to come out in "black and white" on averments made against him for allegedly entertaining scam-tainted visitors at his official residence here, saying that it is a "serious" issue.
Taking serious objection to Sinha'...
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General |
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Dehi HC today admits a WRIT challenging the CBDT notification in the matter of new TAR
Posted Date : 08-Sep-2014 , 12:59:36 pm | Posted By CASANSAAR
Dehi HC today admits a WRIT challenging the CBDT notification in the matter of new TAR. Delhi High Court on Friday 5th Sep, listed for 8th September Monday Diary no. 162371/2014. W.P.(C) 5990/2014.
Mahesh Kumar & Co. vs. UOI and Others in Court no 2 of Hon'ble Mr. Justice B...
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Income Tax |
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Golden Opportunity for Professionals (CA, CS, CMA) by CASANSAAR - Domain + Website + Hosting + 2 email id @ Just Rs.3100
Posted Date : 08-Sep-2014 , 08:41:12 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.
By payin...
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General |
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CA Entrance Test may get tougher
Posted Date : 08-Sep-2014 , 08:16:52 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI), the governing body for country's premier accounting profession, is once again planning a revamp in its education pattern. This may also make entry into the course tougher. At present, students can start the course from Std 12 after appearing fo...
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Students Zone |
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0 | Hits : 2415
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Government plans new return to plug Excise, Service tax evasion
Posted Date : 08-Sep-2014 , 08:14:45 am | Posted By CASANSAAR
The government plans to introduce a new annual tax return that will include information from income tax audit report, including TDS and income tax returns, and cost audit report as it looks to draw information from multiple sources to clamp down on evasion of excise and service tax.Several services ...
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Excise |
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New 2-month scheme exempts defaulting Companies from prosecution:MCA
Posted Date : 08-Sep-2014 , 08:07:14 am | Posted By CASANSAAR
With stricter legal regime in place for corporates, the government has said the ongoing company law settlement scheme provides an opportunity for defaulting entities to "make good of their default" by granting them immunity from prosecution.
The Ministry of Corporate Affairs (MCA), ...
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Corporate Law |
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Govt provides clarity on CAG Audit provision in new Companies Act
Posted Date : 07-Sep-2014 , 09:21:48 pm | Posted By CASANSAAR
To remove difficulties faced by stakeholders, the Corporate Affairs Ministry has made changes to provisions regarding appointment of auditors by CAG for 'deemed government companies' under the new companies law.The Ministry is implementing the Companies Act, 2013, whose many provisions have come int...
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Auditing |
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Kerala High Court upholds service tax on overseas remittances
Posted Date : 07-Sep-2014 , 10:11:37 am | Posted By CASANSAAR
The Kerala High Court has held that service tax can be levied on the fees and commissions charged by banks for converting overseas remittances into rupees, a ruling that is seen as a setback for exporters. While dismissing a writ petition filed by Palm Fiber, a Kerala-based manufacturer and exp...
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Service Tax |
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0 | Hits : 947
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Chartered Accountant arrested for faking his Death
Posted Date : 06-Sep-2014 , 09:23:56 am | Posted By CASANSAAR
A Chartered Accountant from Vijayawada allegedly cheated the special court for economic offences here by producing a fake death certificate though he was alive. The court issued a non bailable warrant against him and he was arrested.
The CA, Nadella Srinivas Rao had many high flyi...
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ICAI |
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0 | Hits : 2360
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Achhe din: Merger and Acquisitions are picking up
Posted Date : 06-Sep-2014 , 09:21:46 am | Posted By CASANSAAR
Call it the Modi impact. After years of suppressed investment environment, India Inc is showing signs of revival with a spurt in merger and acquisitions (M&A) cases.
Fair play regulator Competition Commission of India (CCI) used to hardly get four to five cases o...
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Merger & Acquisitions |
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