RBI receives over 76,000 complaints against Banks
Posted Date : 13-Jul-2014 , 09:40:11 am | Posted By CASANSAAR
The service sector is fast growing in the country, especially with the growth of banking, which underwent a major revolution with the advent of ATMs and online services. On the flip side, complaints from customers regarding deficiencies in services being provided by the banks are also rising. An RTI...
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RBI |
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Finance Ministry examining issues concerning merger of PSU Banks
Posted Date : 12-Jul-2014 , 09:25:11 pm | Posted By CASANSAAR
Finance Ministry today said it is examining various issues pertaining to mergers of public sector banks and that there will be some forward movement in the current year itself."This year, we will start something (consolidation) and next year something. This is very much doable and which will further...
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Banking |
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Government to take on GAAR implementation soon: Revenue Secretary
Posted Date : 12-Jul-2014 , 05:26:40 pm | Posted By CASANSAAR
Amid industry apprehensions, Revenue Secretary Shaktikanta Das on Saturday said the government would shortly take a view on whether controversial tax law GAAR should be implemented from the scheduled date of April, 2015.
“It should not be interpreted that General Anti-Avoidance Rules ...
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Income Tax |
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SEBI gears up to notify final guidelines for REITs
Posted Date : 12-Jul-2014 , 12:57:57 pm | Posted By CASANSAAR
A long standing demand of the real estate industry and a third attempt by the market regulator SEBI to revive the Real Estate Investment Trust regime in India finally received a shot in the arm with the Government providing for a tax pass through status for REITs in the Budget proposals announced on...
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SEBI |
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Result of the Information Systems Audit [ISA] Assessment Test held on 28th June, 2014 is likely to be declared on 16th July, 2014
Posted Date : 12-Jul-2014 , 12:49:01 pm | Posted By CASANSAAR
The result of the Information Systems Audit [ISA] AssessmentTest held on 28th June, 2014 is likely to be declared on 16th July, 2014 around 4.00 PM at the Institute’s office at New Delhi.
The result of the above Assessment Test will be available on the Institute’s website www.ic...
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ICAI |
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Result of the Common Proficiency Test (CPT) held in June, 2014 is likely to be declared on Wednesday, the 16th July, 2014
Posted Date : 12-Jul-2014 , 12:45:43 pm | Posted By CASANSAAR
The result of the Common Proficiency Test (CPT) held in June, 2014 is likely to bedeclared on Wednesday, the 16thJuly, 2014 around 4.00 P.M. and the same as well asthe merit list (candidates securing a minimum of 60% and above marks and upto themaximum of 10th Rank in the case of Common Proficiency ...
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Students Zone |
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NSEL to bring Defaulters' Auditors under Scanner
Posted Date : 11-Jul-2014 , 09:49:00 am | Posted By CASANSAAR
The crisis-hit National Spot Exchange has decided to bring to book the statutory auditors of its defaulter borrowers.
According to the Financial Technologies-promoted spot exchange, borrowers raised money through the exchange’s platform using non-existent commodities as a pledge and...
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Auditing |
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File appeal in court based on merit of case: CBDT to I-T dept
Posted Date : 11-Jul-2014 , 09:41:26 am | Posted By CASANSAAR
In order to reduce litigation and fine-tune the legal machinery in the Income Tax department, the CBDT today issued fresh directions asking the taxman to go into appeal strictly based on merits of a case even as it fixed a new monetary limit for these cases.
Under the new instructio...
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Income Tax |
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Companies to mandatorily adopt new accounting standards by 2016-17
Posted Date : 10-Jul-2014 , 08:32:54 pm | Posted By CASANSAAR
Companies should mandatorily follow the new accounting standards that are converged with international norms from FY'17 while timelines for financial services sector entities would be announced later, the government said today.
"There is an urgent need to converge the current Indian accounting stan...
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Corporate Law |
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Highlights of Union Budget 2014-15
Posted Date : 10-Jul-2014 , 03:01:50 pm | Posted By CASANSAAR
The new exemption limit was fixed at Rs. 2.5 lakh — from the existing Rs. 2 lakh. For senior citizens, the exemption limit was raised from Rs. 2.5 lakh to Rs. 3 lakh. Besides, the government raised the tax exemption on home loans from Rs. 1.5 l...
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Budget |
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Budget 2014-15: Personal Tax Exemption Limit Raised by Rs. 50,000/- ; No Change in the Rate of Surcharge
Posted Date : 10-Jul-2014 , 02:53:11 pm | Posted By CASANSAAR
The General Budget 2014-15 presented by the Union Finance Minister Shri Arun Jaitley has raised the personal income-tax exemption limit by Rs. 50,000/- that is, from Rs. 2 lakh to Rs. 2.5 lakh in the case of individual taxpayers, below the age of 60 years. Exemption limit raised from Rs. 2.5 lakh to...
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Budget |
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Budget 2014-15: More Services Bought in the Service Tax Net, Indirect Taxes to Yield Rs.7525 Crore
Posted Date : 10-Jul-2014 , 02:49:14 pm | Posted By CASANSAAR
To broaden the tax base in Service Tax, sale of space or time for advertisements in broadcast media has been extended to cover such sales on other segments like online and mobile advertising. Announcing the tax proposals, the Finance Minister Shri Arun Jaitley said during his maiden budget speech th...
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Budget |
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Budget 2014-15: Basic Custom Duties Reduced on Certain Items to Encourage Investment and Domestic Production
Posted Date : 10-Jul-2014 , 02:48:12 pm | Posted By CASANSAAR
To boost domestic manufacture and to address the issue of inverted duties, the General budget 2014-15 has reduced basic customs duty (BCD) on certain items. To encourage new investment and capacity addition in the chemicals and petrochemicals sector, basic customs duty has been reduced. This was ann...
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Budget |
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Budget 2014-15: E-Visa to be Introduced at Nine Airports
Posted Date : 10-Jul-2014 , 02:05:49 pm | Posted By CASANSAAR
The facility of Electronic Travel Authorisation (e-Visa) shall be introduced in a phased manner at nine airports in India. Announcing this during his maiden Budget Speech in the Lok Sabha today, the Finance Minister Shri Arun Jaitley said that the necessary infrastructure would be put in place withi...
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Budget |
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Budget 2014-15: Several Steps Announced to Promote Foreign Direct Investment (FDI) in Select Sectors
Posted Date : 10-Jul-2014 , 02:04:01 pm | Posted By CASANSAAR
Government has announced several steps to promote Foreign Direct Investment(FDI) selectively in sectors where it helps the larger interest of the Indian economy. Announcing this during his maiden Budget Speech in the Lok Sabha today, the Finance Minister Shri Arun Jaitley said that composite cap of ...
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Budget |
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Budget 2014-15: Enactment of Indian Financial Code Necessary for Better Governance and Accountability
Posted Date : 10-Jul-2014 , 01:53:17 pm | Posted By CASANSAAR
The Finance Minister Shri Arun Jaitley in his maiden Budget Speech advised financial sector regulators to take early steps for a vibrant, deep and liquid market. Shri Jaitley also proposed to extend a liberalized facility of 5% withholding tax to all bonds issued by Indian corporate abroad, extendin...
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Budget |
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Budget 2014-15: Legislative and Administrative Changes Proposed to Reduce Litigation in Direct Taxes
Posted Date : 10-Jul-2014 , 01:50:06 pm | Posted By CASANSAAR
Government has proposed certain legislative and administrative changes with a view to reduce litigation in direct taxes. Announcing this in his maiden Budget Speech in the Parliament today, the Union Finance Minister Shri Arun Jaitley said that resident tax payers can now obtain an advance ruling in...
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Budget |
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Budget 2014-15: Fresh Cases Arising Out of Retrospective Amendments of 2012 to be Scrutinised by High Level Committee
Posted Date : 10-Jul-2014 , 01:48:34 pm | Posted By CASANSAAR
All fresh cases arising out of the retrospective amendments of 2012 in direct transfers will be scrutinized by High level committee to be constituted by the CBDT before any action is initiated in such cases. Announcing this during his Budget Speech in the Lok Sabha today, Finance Minister Shri Jaitl...
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Budget |
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Budget 2014-15 : Five New IITs and Five New IIMS will be Set Up in the States
Posted Date : 10-Jul-2014 , 01:46:05 pm | Posted By CASANSAAR
The Government has announced to set-up five more IITs in the Jammu & Kashmir, Chattisgrah, Goa, Andhra Pradesh and Kerala. Similarly, five new IIMs will be set-up in the States of Himachal Pradesh, Punjab, Bihar, Odisha and Maharashtra. For this, a sum of Rs. 500 crore has been allocated in the ...
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Budget |
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Union Budget 2014-15 Live Updates
Posted Date : 10-Jul-2014 , 01:16:15 pm | Posted By CASANSAAR
Finance Minister Arun Jaitley will present his maiden budget on Thursday that may contain measures aimed at reviving India's slowing economy. CASANSAAR are Providing you Live Updates on Union Budget. Just refrerh the page (or click on F5)
Union Budgeet 2014-15 - LIVE UPDATES
&nbs...
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Budget |
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Union Budget 2014-15 Watch Live Telecast online on casansaar.com
Posted Date : 10-Jul-2014 , 10:57:41 am | Posted By CASANSAAR
Hon'ble Finance Minister's Presentation of Union Budget in the Parliament on 10th July 2014 at 11:00 AM IST.
Watch Live Telecast of Union Budget 2014 at 11.00 AM IST.
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Budget |
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Union Budget 2014-15 to be presented in Parliament today
Posted Date : 10-Jul-2014 , 07:55:32 am | Posted By CASANSAAR
Finance Minister Arun Jaitley will present his maiden Budget on Thursday after his Bharatiya Janata Party, led by Prime Minister Narendra Modi, won a landslide victory in May to form the first majority government in three decades.
Jaitley's maiden Budget is expected to be a tightrope walk...
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Budget |
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Economic Survey 2013-14: Highlights
Posted Date : 09-Jul-2014 , 12:52:40 pm | Posted By CASANSAAR
Finance Minister Arun Jaitley has tabled the Economic Survey for FY 2013-14 in Lok Sabha on Wednesday, ahead of the Union Budget.
Wholesale Price Index (WPI) Inflation shows sign of receding; fell to 5.98% during 2013-14
Consumer price inflation (CPI) declined to about 9.49 per...
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Income Tax |
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Black money trail: No list of Indians holding money in Swiss banks - FM
Posted Date : 09-Jul-2014 , 08:57:11 am | Posted By CASANSAAR
India has been told four days ago that there is no list of Indian tax residents holding assets in Swiss Banks in their own name or through structures, the Rajya Sabha was informed today.
However, the government said the Swiss National Bank on its website reported that the total deposit of I...
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Income Tax |
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Banks run to govt as taxman asks for Rs 1.25 trillion in dues
Posted Date : 09-Jul-2014 , 07:59:10 am | Posted By CASANSAAR
When the taxman comes calling, it’s rarely a pleasant experience. When they bring with them a tax notice demanding thousands of crores in unpaid dues dating back many years, it’s a rude shock.
That’s what happened back in February, when the service tax department served notices on...
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Income Tax |
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Railway Budget 2014: Highlights
Posted Date : 08-Jul-2014 , 01:59:06 pm | Posted By CASANSAAR
On Thursday, the new government led by Prime Minister Narendra Modi presented its maiden budget -- its first big policy statement on how it intends to overhaul an economy saddled with slow growth and weak public finances.
Railway Minister Sadananda Gowda presented the Rail Budget in the Parl...
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Budget |
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Rail Budget : 58 New Trains to be Introduced 11 Existing Trains to be Extended
Posted Date : 08-Jul-2014 , 01:41:46 pm | Posted By CASANSAAR
Railways proposes to introduce 58 new trans which includes five Jansadharan Trains, five Premium Trains, six AC Express Trains, 27 Express Trains, eight Passenger Trains, two MEMU services and five DEMU services this year. Announcing this in Parl...
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Budget |
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Rail Budget : Financial Performance of Railways in 2013-14
Posted Date : 08-Jul-2014 , 01:40:22 pm | Posted By CASANSAAR
The Minister of Railways Shri D. V. Sadananda Gowda, while presenting the Railway Budget for 2014-15 in Parliament today, said that the financial position of Railways has undergone a change since presentation of Interim Budget and passing of the ‘Vote on Account’ in February last. He gav...
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Budget |
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Rail Budget : Railways to Earn Rs. 1.64 lakh Crore in 2014-15 on Improved Operating Ratio
Posted Date : 08-Jul-2014 , 01:39:40 pm | Posted By CASANSAAR
The Minister of Railways Shri D. V. Sadananda Gowda, while presenting the Railway Budget for 2014-15 in Parliament today, gave details of the Budget estimates of Railways for the year 2014-15 as under:- Anticipating a healthier growth of economy, it is hoped to achieve total receipts of Rs. 1,6...
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Budget |
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Rail Budget : Railway Reservation System to be Revamped
Posted Date : 08-Jul-2014 , 01:38:58 pm | Posted By CASANSAAR
The Minister of Railways Shri D. V. Sadananda Gowda has said that Railway Reservation System will be revamped into Next Generation e-Ticketing System. Ticket booking through mobile phones and through Post Offices will be popularized. Presenting the Railway Budget 2014-15 in Parliament today he ...
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Budget |
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