Union Council of Ministers - Allocation of Portfolios
Posted Date : 27-May-2014 , 10:10:29 am | Posted By CASANSAAR
The President of India, as advised by the Prime Minister, has directed the allocation of portfolios among the following members of the Union Council of Ministers :-
1.
Shri Narendra Modi
Prime Minister
Personnel, Public Grievances and Pensions
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General |
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EPFO panel grants tax exemption to 20 private PF trusts
Posted Date : 27-May-2014 , 08:19:35 am | Posted By CASANSAAR
An empowered committee of the retirement fund body EPFO has approved granting regular tax exemption to 20 private provident fund trusts, which would provide tax benefits for subscribers of these firms.
The firms who got approval for tax exemption during the meeting of the panel held...
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Income Tax |
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President appoints Cabinet Ministers, Ministers of State (Independent Charge) and Ministers of State
Posted Date : 26-May-2014 , 10:41:15 pm | Posted By CASANSAAR
The President of India has appointed Shri Narendra Damodardas Modi as the Prime Minister of India. Further, as advised by the Prime Minister, the President has appointed the following as members of the Council of Ministers:- CABINET MINISTERS1. Shri Raj Nath Singh2. Smt. Sushma Swaraj3. Shri Ar...
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General |
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RBI Cautions Public Against Fake Website
Posted Date : 26-May-2014 , 10:22:35 pm | Posted By CASANSAAR
The Reserve Bank today cautioned the public not to fall prey to spurious offers made by a fake website in its name offering savings accounts.
"It has come to the notice of the RBI today that a fake website has been created at http://www.rbi-inonline.org/savings.html by some unknown person...
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RBI |
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Relaunching of Website for Professionals
Posted Date : 26-May-2014 , 08:55:00 am | Posted By CASANSAAR
On the request of Members, we are again starting the Website for Professionals. Now 2 email id’s (e.g. xyz@your domain name.com) will be free with every website designed & developed by CASANSAAR.
Some Unique Features of Your Website.
Your Own Website, like w...
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General |
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New finance minister to inherit Rs 1 lakh cr of unpaid bills
Posted Date : 26-May-2014 , 08:50:34 am | Posted By CASANSAAR
Even before the new finance minister gets down to preparing the next budget, he has to grapple with unpaid subsidies of at least Rs 1 lakh crore left behind by the UPA government.
While the food subsidy bill accounts for almost half the amount with unpaid subsidies adding...
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Category :
Income Tax |
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FIIs pour in Rs 14000 crore in May
Posted Date : 25-May-2014 , 02:00:17 pm | Posted By CASANSAAR
Overseas investors have pumped in over 14,000 crore in Indian stocks so far this month as the new BJP government, which is to take charge tomorrow, is seen as being reforms-oriented. According to data from the Securities and Exchange Board of India, Foreign Institutional Investors (FIIs) purchased s...
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International Business |
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RBI set to restore $ 2-lakh limit for spending abroad
Posted Date : 25-May-2014 , 01:57:00 pm | Posted By CASANSAAR
The Reserve Bank of India is likely to again allow individuals to spend $ 200,000 per year abroad, including in real estate, reversing a clampdown imposed in August 2013, that had brought the limit down to $ 75,000.
The move is a confidence-booster measure the new government is expected to ...
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RBI |
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Top 500 cos raise Rs 20,000-cr debt for dividend payouts in FY'14
Posted Date : 23-May-2014 , 08:26:46 pm | Posted By CASANSAAR
Aggressive dividend payouts by top 500 companies has seen 419 of them together borrowing around Rs 20,000 crore, while paying around Rs 1.2 trillion (Rs 1.2 lakh crore) in FY'14, according to India Ratings.
"Several BSE 500 corporates, excluding banks and financial services companies, adopt...
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Category :
Corporate Law |
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ICAI disciplinary panel decisions were forged
Posted Date : 23-May-2014 , 09:48:55 am | Posted By CASANSAAR
One more controversy has erupted in the Institute of Chartered Accountants of India (ICAI). The premier body of financial watchdogs had been in the news over a land purchase scandal at Nagpur a couple of years ago.A member of the institute's disciplinary committee has formally registered a com...
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ICAI |
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CBDT releases utility for Tax Audit Report filing for A.Y. 2014-15
Posted Date : 22-May-2014 , 09:05:33 pm | Posted By CASANSAAR
Income Tax Department has releases utility for A.Y. 2014-15 for Filing of TaxAudit Report , Transfer pricing Audit Report, MAT Audit , Trust Audit, Special Audit etc. Details of such Audit reports is as follows :-
Form 3CA-3CD – Audit report under section 44AB...
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Income Tax |
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FMC asks MCX to check the Audit done by Deloitte
Posted Date : 22-May-2014 , 08:59:46 pm | Posted By CASANSAAR
The statutory auditor for Multi Commodity Exchange,Deloitte is likely to face heat for the audit conducted for the Exchange for past years as Forward Markets Commission has directed MCX to review the audit done by Deloitte, said the source.
MCX has been asked to ascertain by the regu...
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Category :
Auditing |
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SEBI raises cash transaction limit in MFs to Rs 50,000
Posted Date : 22-May-2014 , 08:42:17 pm | Posted By CASANSAAR
To expand the reach of mutual funds in hinterland, market regulator Sebi today increased the cash transactions limit in such funds to Rs 50,000 from Rs 20,000.
The Securities and Exchange Board of India, (Sebi), in September 2012, had allowed fund houses to accept up to Rs 20,000 in cash pe...
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SEBI |
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Provisions of Companies Act 2013 notified till 30th Sept, 2014 would be applicable for May 2015 exams
Posted Date : 22-May-2014 , 08:35:33 pm | Posted By CASANSAAR
20th May, 2014
Important Announcement
Attention: Intermediate (IPC) and Final Course students
Subject: Applicability of notified sections of the Companies Act,2013 for May 2015, Examinations
This is to bring to the notice of students that the relevant section...
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Students Zone |
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Applicability of Companies Act, 2013 & rules for CA IPC & Final November 2014 exams
Posted Date : 22-May-2014 , 08:34:07 pm | Posted By CASANSAAR
20th May, 2014
Important Announcement
Attention: Intermediate (IPC) and Final Course students – November 2014 examinations
Subject: Applicability of notified sections of Chapter IX, “Accounts of Companies” and Chapter X, “Audit and Auditors&rdq...
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Students Zone |
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Download TCS Certificates in Form 27D from CPC(TDS) website
Posted Date : 22-May-2014 , 08:27:17 pm | Posted By CASANSAAR
CPC(TDS) provides us with the new feature of downloading Form 27D,the Tax Collection Certificate for Deductees forming part of TCS Statements, filed in the form of 27EQ.
Please refer to the following relevant details for the above functionality
Form 27D is&nbs...
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Income Tax |
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Application Form for the Information Systems Audit (ISA) Assessment Test - June, 2014
Posted Date : 22-May-2014 , 04:33:38 pm | Posted By CASANSAAR
Application Form for the Information Systems Audit (ISA) Assessment Test - June, 2014 “[Last Date - 4th June, 2014]”
Online Application Form
Hard Copy Application Form
Source : ICAI...
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Students Zone |
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RBI: All new ATMs to be installed by banks from July to provide audible instructions, Braille keypads
Posted Date : 22-May-2014 , 08:33:56 am | Posted By CASANSAAR
All new ATMs to be installed by commercial banks from July 2014 onwards would provide audible instructions and Braille keypads to customers. The RBI today issued a directive in this regard which came on its prior advice to banks in 2009. It said, the Banks should lay down a road map for convert...
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RBI |
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Finance Secretary calls meeting to discuss progress on DTC, GST
Posted Date : 22-May-2014 , 08:22:42 am | Posted By CASANSAAR
Finance Secretary Arvind Mayaram has called a meeting of revenue department officials to assess the progress on the proposed Direct Taxes Code and the Goods and Services Tax.
Billed as the most significant tax reforms, the DTC seeks to replace the Income Tax Act of 1961, while t...
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Income Tax |
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MCA silently inserting backdated changes in Rules
Posted Date : 21-May-2014 , 08:01:56 am | Posted By CASANSAAR
The Ministry of Corporate Affairs (MCA) came up with the finalised rules on Companies Act, 2013 after comments from the stakeholders on the draft rules on and from 27 March 2014 without bearing any date or notification number on the same as the same was apparently not published in the Offi...
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Corporate Law |
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Action against the Auditor of the Saradha Group.
Posted Date : 21-May-2014 , 07:52:05 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) is waiting for the report of the Serious Fraud Investigation Office (SFIO) of the Union corporate affairs ministry for taking action against the auditor of the tainted Saradha Group. A top official of ICAI told TOI that it has already written to...
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Auditing |
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Customer protection code to be mandatory for banks: RBI
Posted Date : 21-May-2014 , 07:48:10 am | Posted By CASANSAAR
To protect consumer interest, the Reserve Bank of India (RBI) is formulating guidelines to discourage lenders from mis-selling and hold them responsible for the products they offer.
While presenting the annual monetary policy for 2014-15 in April, RBI Governor Raghuram Rajan had indicated the need ...
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RBI |
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Observers Portal developed by ICAI for CA Examinations May/June 2014
Posted Date : 20-May-2014 , 06:02:50 pm | Posted By CASANSAAR
May 20, 2014
A web portal, http://observers.icaiexam.icai.org has been developed and put in place, for handling the activities relating to Observers, for the Intermediate (IPC), Final and Post qualification course (IRM) examinations to be held in May/June 2014.The portal will be accessibl...
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ICAI |
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Announcement on prohibition to undertake the assignment of audit and accounting work together for the same entity - ICAI
Posted Date : 20-May-2014 , 04:31:14 pm | Posted By CASANSAAR
It has come to the knowledge of some members that certain entities , while inviting tenders for services of chartered accountants for the assignment of statutory audit , are mentioning accounting and book keeping related works in the scope of works required to done by the auditor. Members are h...
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ICAI |
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Why do Priyanka, Khurshid, Pilot, Singhvi, Karti Chidambaram have multiple DINs?
Posted Date : 20-May-2014 , 09:45:38 am | Posted By CASANSAAR
According to NitiCentral, several Congress leaders like Priyanka Gandhi Vadra, Salman Khurshid, Sachin Pilot, Abhishek Manu Singhvi, Capt Amrinder Singh and Karti Chidambaram have multiple Director Identification Numbers (DIN), an offence under the Companies Act.
They say...
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Corporate Law |
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Outgoing FM clears postings of over 100 income tax officials
Posted Date : 20-May-2014 , 08:27:48 am | Posted By CASANSAAR
Even as the results for the new government were declared on May 16, P Chidambaram, in one of his last decisions as finance minister, cleared over 100 postings of officers of the rank of commissioners and director and joint director of income tax.
According to a circular issued by the Centra...
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Income Tax |
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RBI
Posted Date : 20-May-2014 , 08:19:26 am | Posted By CASANSAAR
Bank loans that aren’t non-performing assets (NPAs) yet but could turn problematic at some point vary anywhere between 4% and 8% of total advances, a sample study of a few public sector banks shows. Following a fiat from the Reserve Bank of India (RBI), banks have put in place a mechanism to s...
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Banking |
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China's ban on overseas Auditors raises concern over transparency
Posted Date : 20-May-2014 , 08:09:48 am | Posted By CASANSAAR
Beijing has imposed a surprise roadblock to financial reform by foreshadowing severe restrictions on international accountants, including those from Hong Kong, when auditing mainland companies listing overseas, increasing investor concern over whether their books are clean.
The proposals co...
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Auditing |
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0 | Hits : 1060
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Tribunal Upholds Rs. 630 Crore Penalty on DLF
Posted Date : 19-May-2014 , 04:28:38 pm | Posted By CASANSAAR
Real estate major DLF will have to pay Rs. 630 crore as penalty for unfair business practices, a government tribunal has ruled. Upholding a 2011 order passed by fair trade watchdog CCI, the Competition Appellate Tribunal on Monday said India's biggest real estate company must pay up the he...
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General |
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Foreign Investors pour in Rs 1-lakh crore since Modi declared BJP PM candidate
Posted Date : 19-May-2014 , 08:38:55 am | Posted By CASANSAAR
Foreign investors have pumped in over one lakh crore rupees in the Indian securities market since Narendra Modi was announced as the prime ministerial candidate by Bhartiya Janta Party in September last year.Market analysts believe that FIIs have been betting on the Indian market mainly on hopes of ...
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Shares & Stock |
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