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 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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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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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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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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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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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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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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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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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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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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Bullet Trains and Diamond Quadrilateral Network of High Speed Rail
Posted Date : 08-Jul-2014 , 01:37:52 pm | Posted By CASANSAAR
The Minister of Railways Shri D. V. Sadananda Gowda has said that Indian Railways is on its way to fulfill the long cherished dream to run a Bullet Train. Presenting the Railway Budget 2014-15 in Parliament today, he said, the Railways proposes bullet trains by starting off with an already identifie...
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Modi government to present its 1st Rail Budget today
Posted Date : 08-Jul-2014 , 08:31:20 am | Posted By CASANSAAR
Facing its first challenge, the Narendra Modi will present its first Railway Budget on Tuesday. High-speed trains, world-class stations and safe journeys are likely to be the government's top priorities.
The high-profile Golden Quadri-lateral Rail Network-linking the four metro cities-might...
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A valid Email ID and Mobile Number to be Registered/Updated on the E-Filing Website of the Income Tax Department
Posted Date : 08-Jul-2014 , 08:18:10 am | Posted By CASANSAAR
A valid Email ID and Mobile Number has to be registered/updated on the e-filing website of the Income Tax Department so that direct communication with taxpayer can be possible. For details, taxpayers can log on to:https://incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF/Update_Contact_Details.p...
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Sebi plans surprise inspection of 'paper' companies
Posted Date : 08-Jul-2014 , 08:13:26 am | Posted By CASANSAAR
Concerned about gullible investors being defrauded by certain companies existing only on paper, capital marketswatchdog Sebi is planning to conduct surprise inspections of such entities to bring them to book.
Securities and Exchange Board of India (Sebi) is working on a comprehensiv...
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SEBI |
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FinMin proposes 49% FDI in insurance sector, caps voting right of overseas partner to 26%
Posted Date : 08-Jul-2014 , 08:07:35 am | Posted By CASANSAAR
The government has set the ball rolling for an increase in foreign direct investment limit in the insurance sector to 49 per cent from the current 26 per cent albeit with a rider that voting right of the overseas partner will be restricted at 26 per cent.
It has also proposed that majority ...
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CBI arrests Income Tax Deputy Commissioner in bribery case
Posted Date : 07-Jul-2014 , 05:17:43 pm | Posted By CASANSAAR
CBI on Monday arrested a Deputy Commissioner of Income Tax from Tirupati in Andhra Pradesh for allegedly taking a bribe of Rs three lakh in lieu of closing a few tax liability cases.
CBI sources said Deputy Commissioner, Income Tax, Fazulullah was nabbed after he allegedly received Rs three...
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20% Off on Website Development - Offer Closes Today
Posted Date : 07-Jul-2014 , 08:45:08 am | Posted By CASANSAAR
On the Occasion of Chartered Accountants Day, CASANSAAR offeres its users a discount of Flat 20% on the Website Development. This 'CA Day special one week offer' (1st July 2014 to 7th July 2014) is going to close today.
So Visit www.casansaar.com/website & Place your Order Online to get...
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General |
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Smart ways to file Income Tax Returns
Posted Date : 07-Jul-2014 , 08:29:13 am | Posted By CASANSAAR
Filing tax returns has become simpler but many still find it cumbersome
Here's your step-by-step guide
Tax filing has become more convenient than it used to be a few years ago. Yet, a lot of taxpayers find it difficult to file their returns and prefer to outsource...
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New intelligence units, 800 personnel to check Service Tax evasion
Posted Date : 07-Jul-2014 , 08:19:31 am | Posted By CASANSAAR
The Finance Ministry has cleared creation of new intelligence units across the country and appointment of over 800 personnel to check any leakage in its earnings from the indirect tax.Anticipating increase in service tax revenue, the ministry has also decided to restructure Directorate General of Ce...
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Service Tax |
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No equal treatment to good and bad borrowers: RBI
Posted Date : 07-Jul-2014 , 08:11:16 am | Posted By CASANSAAR
In a simple and clear message, Reserve Bank of India (RBI) Governor Raghuram Rajan has told officials of the Telanganagovernment they would have to differentiate a goodborrower from a bad even in the case of farm loanreschedulement to protect the banking sector.
A tea...
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RBI |
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Punjab Budget to be presented on 16th July
Posted Date : 07-Jul-2014 , 07:59:19 am | Posted By CASANSAAR
Punjab's Budget for 2014-15 will be presented on July 16 in the state assembly.
The six-day Budget session in the state would commence on July 15.
The session will commence with obituary references to those who died since the last session in February, an official spokesman said...
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Taxpayers to get quick SMS, email updates on refunds, filing
Posted Date : 06-Jul-2014 , 04:45:51 pm | Posted By CASANSAAR
The Income-Tax department will soon start updating taxpayers about the status of their I-T refunds and processing of certain tax statements by sending real-time SMSes and emails, on similar lines as that of credit card and bank transactions at present.
The department’s ‘Systems&...
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Income Tax |
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New Cost Audit rules 'defies logic': ICAI
Posted Date : 06-Jul-2014 , 08:53:45 am | Posted By CASANSAAR
Seeking review of the rules, cost accountants' apex body ICAI said it excludes several industries from the cost audit ambit and that the new norms “defy logic".
The Corporate Affairs Ministry, which is implementing the new companies law, came out with revised rules for cost records an...
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ICAI |
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CBDT allows usage of one mobile number and email-id for 10 user accounts in e-filing portal
Posted Date : 05-Jul-2014 , 08:47:13 am | Posted By CASANSAAR
UPDATE AND VALIDATE TAXPAYER EMAIL ID AND MOBILE NUMBER FOR THEIR E-FILING ACCOUNT
PRESS RELEASE, DATED 4-7-2014
A valid Email ID and Mobile Number has to be registered/updated on the e-filing website of the Income Tax Department so that direct communication with taxpayer can ...
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ICAI to launch TV channel on Aug 15
Posted Date : 05-Jul-2014 , 08:44:34 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) will use the DTH platform of the Ministry of Human Resource Development to launch its TV channel on August 15.
ICAI President K. Raghu said the proposed move would benefit nearly 8.3 lakh students pursuing the chartered accountancy cour...
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ICAI |
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CBDT releases Form BB (Return of Net Wealth) for AY 2014-15
Posted Date : 04-Jul-2014 , 05:17:38 pm | Posted By CASANSAAR
A company and an assessee being individual or HUF who is liable to audit u/s 44AB are required to furnish Form BB (Return of Net Wealth) electronically under digital signature for assessment year 2014‐15 and onwards. [Refer Notification No:32/2014 dated ...
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Service tax could be hiked to 14% from 12% in Union Budget
Posted Date : 04-Jul-2014 , 11:22:55 am | Posted By CASANSAAR
Service tax could be hiked to 14 per cent in the forthcoming Budget from 12 per cent in order to mobilise more resources to curtail the fiscal deficit, according to sources.
If the government passes the proposal , all services, with the exception of the 40-odd that figur...
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Service Tax |
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