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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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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Budget |
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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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Budget |
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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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Income Tax |
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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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Finance |
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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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Income Tax |
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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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Income Tax |
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0 | Hits : 1713
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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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Budget |
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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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Income Tax |
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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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Income Tax |
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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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Taxpayers to share their email-id, cell phone in Income-Tax returns
Posted Date : 04-Jul-2014 , 08:42:19 am | Posted By CASANSAAR
Taxpayers filing their I-T returns this year will now have to share their email-id and mobile phone number with the tax department. The Central Board of Direct Taxes ( CBDT), the administrative authority of the Income Tax department, has introduced a new column in the I-T returns Forms asking f...
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Income Tax |
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Call to review Bank Branch Audit Norms
Posted Date : 04-Jul-2014 , 08:33:29 am | Posted By CASANSAAR
The Narendra Modi-led Government should review the existing bank branch audit norms, K Raghu, President of the CA Institute, has said.
All bank branches in the country should be subjected to financial audit, Raghu suggested to the Finance Minister during an event here to markthe Chartered A...
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ICAI |
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GST: So Near, Yet Too Far
Posted Date : 04-Jul-2014 , 08:29:55 am | Posted By CASANSAAR
The government on Thursday said that the implementation of the much anticipated comprehensive tax regime — the Goods and Services Tax (GST) — will be “sooner than later” and the government was engaged with the states with an open mind on the subject.
“The Centr...
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GST |
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I-T moves SC with a tax demand of Rs 4,800 crore from Sahara
Posted Date : 03-Jul-2014 , 04:50:48 pm | Posted By CASANSAAR
There seems to be more trouble for the Sahara Group as the Income Tax department has now approached the Supreme Court with a tax demand of Rs 4,800 crore for the last 3 years. This comes even as Sahara chief Subrata Roy has sought an interim bail of 40 days.
Roy has sought bail to finalise ...
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Income Tax |
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New Audit rules limit scope, Cost Accountants threaten Action
Posted Date : 03-Jul-2014 , 08:14:14 am | Posted By CASANSAAR
The latest government notification on cost audit rules has dealt a body blow to the cost and management accountants' profession by severely restricting its scope, something the professionals were trying hard to avoid for the past one year. What's worse is the fear that this will leave many professio...
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Auditing |
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New Companies Act puts a cap on public firms in India
Posted Date : 03-Jul-2014 , 08:08:01 am | Posted By CASANSAAR
The new Companies Act has exacerbated the already existing disparity in the treatment of subsidiaries of Indian public companies and overseas firms. While the subsidiary of an Indian public company is also deemed to be a public company, Indian subsidiaries of foreign compani...
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Corporate Law |
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ICSI extends last date of payment of Membership & COP Fee for 2014-15
Posted Date : 03-Jul-2014 , 08:07:07 am | Posted By CASANSAAR
The annual membership fee and certificate of practice fee for the year 2014-15 became due for payment w.e.f. 1st April, 2014. The last date for payment of fee was 30th June, 2014 which has been extended upto 31st August, 2014.
The membership and certificate of pract...
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ICSI |
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Printing Process for Union Budget 2014-15 Commenced with Halwa Ceremony
Posted Date : 03-Jul-2014 , 07:49:27 am | Posted By CASANSAAR
More than 100 officials involved in making the Union Budget are locked in from today in the Budget Press in North Block and will remain there till the Finance Minister’s Budget Speech is over in Lok Sabha on 10th July, 2014. ‘Halwa Ceremony’ marking the commencement of printing pro...
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Budget |
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70 New Special Income Tax Offices to Come up This Fiscal
Posted Date : 02-Jul-2014 , 10:30:27 pm | Posted By CASANSAAR
Seventy new special Income Tax department offices called the 'Aaykar Sampark Kendras' will be opened across the country during the current financial year to help tax payers file returns and address their grievances.
The Central Board of Direct Taxes (CBDT), the administrative authority of t...
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Income Tax |
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