Bill to give SEBI special powers passed by Lok Sabha
Posted Date : 06-Aug-2014 , 07:51:36 pm | Posted By CASANSAAR
The Securities Laws (Amendment) Bill, 2014, aims to empower capital market watchdog Securities and Exchange Board of India (Sebi) by giving powers such as authority to seek call data records, was Wednesday approved by the Lok Sabha.
The Bill would give more teeth to Sebi to crackdown on fraudulent ...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 923
|
 |
Government Approves Fourteen (14) Proposals of Foreign Direct Investment (FDI) Amounting to about Rs. 1528.38 Crore
Posted Date : 06-Aug-2014 , 07:16:35 pm | Posted By CASANSAAR
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 207th meeting held on 4th July, 2014, the Government has approved Fourteen (14) proposals of Foreign Direct Investment (FDI) amounting to Rs. 1528.38 crore approximately.
Deta...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 1674
|
|
Revenues Worth Rs 153 Cr With ICAI Councils: Govt
Posted Date : 06-Aug-2014 , 08:30:28 am | Posted By CASANSAAR
The government today said last fiscal revenues worth over Rs 153 crore were available with the regional councils of the Institute of Chartered Accountants of India (ICAI), and councils of the Institute of Cost Accountants of India had about Rs 40 crore.
These amounts are provisional figures for 201...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1524
|
|
Politicians, TV anchors, pump owners on boards of Public sector Banks
Posted Date : 06-Aug-2014 , 08:23:31 am | Posted By CASANSAAR
You might expect renowned financial or business experts to sit on the boards of banks, but that isn't always true in the case of state-run banks. Petrol pump owners, a Doordarshan anchor, the head of a women's club, trustees of religious boards and a clutch of small-time politicians are some of the ...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 960
|
|
GST likely to be introduced shortly: Sitharaman
Posted Date : 06-Aug-2014 , 08:14:26 am | Posted By CASANSAAR
The proposed new indirect tax regime, Goods and Services Tax, is likely to be introduced shortly, the government said Tuesday.
"GST is likely to be introduced shortly...," Minister of State for Finance Nirmala Sitharaman said in the Rajya Sabha while answering a question on Central Sales Tax paymen...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1338
|
|
Syndicate Bank fraud: Jain helped hide Rs 100-cr NPAs
Posted Date : 05-Aug-2014 , 03:18:05 pm | Posted By CASANSAAR
S K Jain, suspended chairman and managing director (CMD) of Syndicate Bank, had allegedly prevented loans of over Rs 100 crore on Bhushan Steel and Prakash Industries from being declared as non-performing assets (NPAs), agency sources said on Monday.
Jain was suspended...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 1241
|
|
RBI keeps key rates unchanged, cuts SLR by 50 bps
Posted Date : 05-Aug-2014 , 11:17:07 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) in its third bi-monthly monetary policy statement for 2014-15 kept the repo rate unchanged at 8%. The reverse repo rate was kept unchanged at 7% and Cash Reserve Ratio ( CRR) was maintained at 4%. The SLR was cut by 50 bps to 22%. "The moderation in CPI headline ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1323
|
|
CAG wants all accounts of PPP projects Audited
Posted Date : 05-Aug-2014 , 08:57:43 am | Posted By CASANSAAR
Observing that there were risks in estimation of revenue streams of projects under public-private partnership mode which might significantly impact the exchequer or consumers, the Comptroller and Auditor General (CAG) on Monday asked the government to ensure all PPP agreements we...
Continue Reading...
Category :
Auditing |
Comments :
0 | Hits : 1158
|
|
Income Tax Department proposes to tax Realtors, Developers on unsold inventory
Posted Date : 05-Aug-2014 , 08:55:48 am | Posted By CASANSAAR
Home prices could soften, if the revenue department asks builders to pay taxes on their unsold stock of ready houses as per a proposal that is under consideration.
On the basis of a court order, which held that ready unsold flats held by builders as stockin-trade are liable to be taxed ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1377
|
|
New Bill in Lok Sabha to give SEBI more teeth
Posted Date : 05-Aug-2014 , 08:42:24 am | Posted By CASANSAAR
A Bill to further empower the Securities and Exchange Board of India (SEBI) to check fraudulent investment schemes, to call for documents on entities under probe and provide for constitution of special courts to expedite the cases was introduced in the Lok Sabha.
It is essentially a Bill th...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 1023
|
|
CAG pulls up finance ministry on tax refunds
Posted Date : 05-Aug-2014 , 08:36:48 am | Posted By CASANSAAR
The finance ministry has been pulled up by the Comptroller & Auditor General (CAG) for making tax refunds of close to Rs 6,700 crore without Parliamentary authorization.In its latest report, tabled in Parliament last week, CAG said, the Public Accounts Committee too...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1147
|
|
ICAI should give representation to CBDT to Extend the applicability of revised Tax Audit report to A.Y. 2015-16
Posted Date : 04-Aug-2014 , 01:14:11 pm | Posted By CASANSAAR
Tax Audit reports been revised vide Notification No. 33/2014, F.No.133/1/2014-TPL dated 25th July, 2014 issued by Central Board of Direct Taxes, Ministry of Finance, Government of India.
The existing Form No. 3CA, Form No. 3CB and Form No. 3CD have been substituted vide notification n...
Continue Reading...
Category :
Income Tax |
Comments :
1 | Hits : 3254
|
|
Syndicate Bank chief
Posted Date : 04-Aug-2014 , 08:22:06 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) may review the lending procedures followed by banks, say top bankers, as several incidents over the past year including Saturday's arrest of the Syndicate Bank chairman have raised questions over the transparency of the process. The Central Bureau of Investigatio...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1021
|
|
Black money: 'Warehouse' of tax data for I-T in the offing
Posted Date : 03-Aug-2014 , 08:37:54 pm | Posted By CASANSAAR
As part of its vigour to track black money in country’s economic channels, the I-T department is creating a new “warehouse” of business related intelligence and funds data which will empower the taxman to check multiple trends of expenses made by individuals and entities. &nbs...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1209
|
|
ICSI wants Secretarial Audit for Private Companies too
Posted Date : 03-Aug-2014 , 09:36:01 am | Posted By CASANSAAR
The Institute of Company Secretaries of India (ICSI) has made a representation to the Union ministry of corporate affairs to bring private limited companies under the ambit of secretarial audit under the Companies Act 2013. This was disclosed by ICSI president R Sridharan here on Saturday.
Sridhara...
Continue Reading...
Category :
Auditing |
Comments :
0 | Hits : 937
|
|
CA Dalip Kumar Kaul appointed as independent director of J&K Bank
Posted Date : 03-Aug-2014 , 09:34:12 am | Posted By CASANSAAR
J&K Bank held its 76th Annual General Meeting (AGM) here today.
Chairman and CEO JK Bank Mushtaq Ahmad speaking on the occasion said the bank during 2013-14, continued with its rapid expansion of multi-delivery channels.
He said the bank added a total of 92 business units...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1873
|
|
CBI arrests CMD of Syndicate Bank, Chartered Accountant & 4 others in Bribery case
Posted Date : 02-Aug-2014 , 08:28:54 pm | Posted By CASANSAAR
Central Bureau of Investigation has arrested S K Jain Chairman and Managing Director Syndicate Bank along with five others for allegedly accepting bribe from private companies to extend them credit facilities.
The agency had conducted raids across 20 locations in cities ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 3813
|
|
Last date for submission of online applications of MEF 2014-15 has been extended
Posted Date : 02-Aug-2014 , 08:09:39 pm | Posted By CASANSAAR
Dear Members,
Due to last date of filing of ITRs being 31st July, 2014, the pressure on MEF site started from 1st August, 2014 whereby the members are facing problem in filling the same. Considering the genuine difficulty, the last date of online filing of MEF 2014-15 is hereby extended fro...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1104
|
|
It is not too late to file income tax returns yet
Posted Date : 02-Aug-2014 , 09:10:26 am | Posted By CASANSAAR
Missed the deadline to file in come tax returns on July 31? Don't feel dejected. You can still file the returns without paying any penalty. Yes, contrary to the perception of many tax payers, there's still enough time to file your returns until March 31, 2015. However, there will be some implic...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1701
|
|
ICAI launches
Posted Date : 02-Aug-2014 , 09:06:58 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has launched ‘cloud campus’ — the next generation interactive online learning programmes — to enable students from anywhere across the world to pursue CA, its president K. Raghu said here on Friday.
The ICAI &lsq...
Continue Reading...
Category :
Students Zone |
Comments :
0 | Hits : 1539
|
|
RBI Issues Guidelines for Opening of Bank Accounts of Children
Posted Date : 01-Aug-2014 , 09:52:21 pm | Posted By CASANSAAR
With a view to promote the objective of financial inclusion and also to bring uniformity among banks in opening and operating minors’ accounts, Reserve Bank of India (RBI) issued guidelines dated May 6, 2014 to all Scheduled Commercial Banks on Opening of Bank Accounts in the Names of Minors w...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 1165
|
|
Government to Launch A New Program of Financial Inclusion in Mission Mode to Provide Households with Facilities of Savings, Credit, Remittances, Insurance and Pension: FM
Posted Date : 01-Aug-2014 , 08:32:39 am | Posted By CASANSAAR
The Union Finance Minster Shri Arun Jaitley said that the Government is going to launch a new program of Financial Inclusion in Mission Mode which will provide households with facilities of savings, credit, remittances, insurance and pension among others. He said that this is a marked shift from ear...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1185
|
|
Rajya Sabha clears Finance Bill 2014
Posted Date : 01-Aug-2014 , 08:01:19 am | Posted By CASANSAAR
Finance bill 2014 Final was presented by Finance Minister Shri Arun Jaitley on 10th July 2014. The bill got approval of Lok Sabha on25th July 2014 withsome amendments. Now Rajya Sabha has cleared the Finance Bill 2014 on 31st July 2014.
Finance Bill will comes into effect af...
Continue Reading...
Category :
Budget |
Comments :
0 | Hits : 1791
|
|
Petrol Price Cut by Rs 1.09, Diesel Hiked by 50 paise
Posted Date : 31-Jul-2014 , 06:51:21 pm | Posted By CASANSAAR
Petrol prices have been reduced by Rs 1.09, while diesel prices have been hiked by 50 paise. The new rates are effective midnight.
This is the first drop in petrol prices since April. Petrol prices were last slashed on April 15, by 70 paise per litre, excluding local levies. It was the...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 870
|
|
IT returns Filling Due Date
Posted Date : 31-Jul-2014 , 06:03:15 pm | Posted By CASANSAAR
Having regard to the Huge number of Income tax returns being filled at the last movement, Income tax Department should extend the Due Date for filing of income tax to August 5, 2014. The due date, which was scheduled for July 31, 2014 should be extended in light of Huge numb...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1823
|
|
Clarification Regarding Acquisition and Transfer of Immovable Property in India by Foreign Nationals
Posted Date : 31-Jul-2014 , 05:22:22 pm | Posted By CASANSAAR
It has come to notice of the Central Government that foreign nationals are buying immovable property illegally in some parts of the country. Many organizations and social groups have also made representations to the Central Government expressing their serious concerns in this regard. It has als...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1266
|
|
ICAI invites suggestions on the revised formats of Form Nos. 3CA, 3CB and 3CD
Posted Date : 31-Jul-2014 , 12:56:36 pm | Posted By CASANSAAR
The Central Board of Direct Taxes has through, Income-tax (7th Amendment) Rules, 2014, notified new Forms of tax audit reports namely Form No. 3CA, 3CB and 3CD.The said notification can be downloaded from the link below:
https://incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF/Notifica...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1324
|
|
Solution to the Problems in accessing income tax e-filing website
Posted Date : 31-Jul-2014 , 09:07:20 am | Posted By CASANSAAR
Trouble Shooting Guide for Problems in accessing www.incometaxindiaefiling.gov.in
Issue -Internet service from ISP (internet service provider) is not available or failing intermittently.
Resolution - The call centre of ISP needs to be contacted for resolving this issue.
&n...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1836
|
|
Tax benefit allowed on transfer of technical manpower in SEZs
Posted Date : 31-Jul-2014 , 08:54:13 am | Posted By CASANSAAR
The Income Tax department has allowed profit-linked tax deductions to new special economic zone (SEZ) units upon transfer of technical manpower up to 20 per cent from an existing unit. This will provide some tax relief to software and IT-enabled services (ITeS) companies operating from suc...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 963
|
|
In a move towards IFRS, Tax Accounting Standard on cards
Posted Date : 31-Jul-2014 , 08:47:13 am | Posted By CASANSAAR
As part of an integrated exercise for introduction of a new Indian Accounting Standard (Ind AS), the Government has initiated moves to put in place a Tax Accounting Standard (TAS) too.
The simultaneous exercises, experts told BusinessLine, will avoid confusion in determining taxable co...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1094
|
|
|
