Banks and Income Tax Offices to Remain Open on 29th, 30th and 31st March, 2014
Posted Date : 27-Mar-2014 , 07:24:33 pm | Posted By CASANSAAR
ounters shall remain open for extended hours till 8.00 pm. Further, on Sunday, March 30, 2014, agency banks will keep select branches open at key locations as a regular working day for transacting Government Business. Similarly, on Monday, March 31, 2014, at places where public holiday has been...
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Income Tax |
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CCI imposes a fine of Rs. 1 Crore upon Google for failure to supply information/ documents in the investigations
Posted Date : 27-Mar-2014 , 07:23:55 pm | Posted By CASANSAAR
The Competition Commission of India(CCI)has imposed a fine of Rs. 1 Crore upon Google for failure to comply with the directions given by the Director General(DG)seeking information and documents. The order was passed on a reference made by the DG to CCI alleging inter alia non-cooperation by Go...
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Corporate Law |
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0 | Hits : 953
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Election Commission to take a view on new bank licences on March 31
Posted Date : 27-Mar-2014 , 02:56:10 pm | Posted By CASANSAAR
The Election Commission will take a view on the issuance of new bank licences by the Reserve Bank of India (RBI) on Monday, March 31.
The model code of conduct has come into force with the announcement of general election earlier this month.
"I think most likely we w...
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Banking |
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0 | Hits : 889
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Landlord PAN Mandatory for Rent Over 1 lakh P.A.
Posted Date : 27-Mar-2014 , 02:53:35 pm | Posted By CASANSAAR
Any salaried person would have heard of a term called HRA (House Rent Allowance). It not only gives benefit inthe form of allowance but also gives an opportunity for tax exemption up to a certain limit. Almost every salariedemployee takes this benefit. IT departmen...
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Income Tax |
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1 | Hits : 1622
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MCA notifies 183 sections of Companies Act 2013
Posted Date : 27-Mar-2014 , 07:50:42 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has notified 183 sections of the new Companies Act, 2013, which comes into effect from April 1, 2014. With this, 283 of 470 sections of the Act have got notified in a phased manner. However, the related rules that fall under the 183 sections are expected to get noti...
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Corporate Law |
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Eye on higher excise mop-up, CBEC gives more powers to commissioners
Posted Date : 27-Mar-2014 , 07:49:45 am | Posted By CASANSAAR
In a last-ditch attempt to shore up faltering excise duty collection, the Central Bureau of Excise and Customs (CBEC) has empowered chief commissioners to act tough on manufacturers and dealers evading duty payment and abusing duty credit facilities.
The new provisions, notified on March 21...
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Excise |
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MCA stops Challan, NEFT and Pay Later payment facility till 31st March 2014
Posted Date : 27-Mar-2014 , 07:46:30 am | Posted By CASANSAAR
Offline payment facility (Challan, NEFT and Pay Later) would be stopped from 26th March 2014 till 31st March (both days inclusive). You are requested to make payment only through online mode(Credit/Debit Card and Net Banking)....
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Corporate Law |
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0 | Hits : 1454
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Tax Administration Reform Commission (TARC) to look into amalgamation of Direct, Indirect tax dept
Posted Date : 27-Mar-2014 , 07:45:09 am | Posted By CASANSAAR
The Tax Administration Reform Commission (TARC) set up by the Finance Ministry to suggest measures to prevent economic offences among other things, will soon look into amalgamation of Direct Tax and Indirect Tax Departments.
“In business practices, companies pay corporate income tax, ...
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Income Tax |
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0 | Hits : 984
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Sebi ask companies to follow standard format for Auditor Certificates
Posted Date : 26-Mar-2014 , 08:34:54 am | Posted By CASANSAAR
Market regulator Sebi today asked all listed companies to follow a standard format for their Auditor Certificates, which are required to be filed to seek approval for merger, demerger and restructuring schemes.
The Securities and Exchange Board of India (Sebi) said it has been observ...
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SEBI |
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New accounting standards will bolster foreign fund inflows - ICAI
Posted Date : 26-Mar-2014 , 08:31:11 am | Posted By CASANSAAR
The accountancy body, CA institute has fired another salvo – the third in the last decade – on the IFRS convergence front.
n a well thought out move, the institute has recommended a new roadmap for convergence of Indian accounting standards with the International Financial Repor...
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Accounts |
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Registered foreign portfolio investors can open rupee accounts
Posted Date : 26-Mar-2014 , 08:26:57 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has said registered foreign portfolio investors (RFPI) will be eligible to open special non-resident rupee (SNRR) accounts and foreign currency accounts with banks. For genuine investments in securities, they can also transfer sums from a foreign currency account to a...
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International Business |
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SEBI asks mutual fund houses to make monthly disclosures about assets managed by them
Posted Date : 25-Mar-2014 , 10:12:25 pm | Posted By CASANSAAR
The Securities and Exchange Board of India - SEBI has asked mutual fund houses to make monthly disclosures about assets managed by them.
This will be applicable as part of the long term policy for the mutual fund industry, that was unveiled by SEBI on Monday.
Through this policy, SEBI ...
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SEBI |
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0 | Hits : 751
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ICAI suggests revised IFRS road map, to start from April 2016
Posted Date : 25-Mar-2014 , 08:19:04 am | Posted By CASANSAAR
Revising its earlier road map, ICAI has recommended that companies, having net worth of over Rs 500 crore, implement new accounting standards that converge with global norms from April 1, 2016.
The Institute of Chartered Accountants of India (ICAI), the country's apex accounting wat...
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ICAI |
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Will simplify e-filing norms: CBDT
Posted Date : 25-Mar-2014 , 08:17:50 am | Posted By CASANSAAR
E-filing of Income Tax returns will be further simplified by the Central Board of Direct Taxes (CBDT) which said it is encouraged by the increasing number of taxpayers taking the online route. The e-filing of returns this financial year saw a jump of 40 per cent with 25,647 crore online returns...
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Income Tax |
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EPFO to provide permanent A/c number from October this year
Posted Date : 24-Mar-2014 , 07:13:15 pm | Posted By CASANSAAR
Retirement fund body EPFO will start providing permanent account numbers on the pattern of core banking services to its over five crore subscribers from October this year.
Permanent or universal account number (UAN) will facilitate subscribers to avoid filing PF account ...
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General |
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SC says Aadhaar should not be made mandatory
Posted Date : 24-Mar-2014 , 07:10:10 pm | Posted By CASANSAAR
The Supreme Court today directed the Centre not to shareAadhaar card details with any agency without the consent of the card holder.
It also asked the government to immediately withdraw all the orders which had made Aadhaar card compulsory for registration of marriage or property or ...
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General |
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ICSI Council / Regional Councils Election
Posted Date : 24-Mar-2014 , 08:34:58 am | Posted By CASANSAAR
Kind Attention Members
COUNCIL / REGIONAL COUNCILS ELECTIONS-2014
As the members are aware, the term of the existing Council and the Regional Councils will expire on 18th January 2015 and the elections for the Council and the Regional Council...
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ICSI |
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0 | Hits : 911
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New Companies Act drives demand for forensic audits
Posted Date : 24-Mar-2014 , 08:28:47 am | Posted By CASANSAAR
Forensic audit is emerging as a big-ticket business for accounting firms.Two developments are responsible. One, some high-profile frauds in the limelight over recent months. Two, changes in the approach of regulators, allied to provisions in the new Companies Act, which put more accountability ...
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Auditing |
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0 | Hits : 1358
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Give customers a free copy of credit profile: RBI
Posted Date : 24-Mar-2014 , 08:22:01 am | Posted By CASANSAAR
Customers should be given a free copy of their credit profile as it would help in promoting financial discipline among loan seekers, the Reserve Bank of India (RBI) has said in a report.
"The Committee has suggested that providing customers with a free copy of their Credit Information Reports (CIRs...
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RBI |
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Over 50,000 cr revenue still to come; CBDT cancels all leave
Posted Date : 23-Mar-2014 , 07:27:05 pm | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) has cancelled leave of all officials on tax collection duty and ordered 24X7 functioning of its offices till March 31 in order to collect the remaining revenue of over Rs 50,000 crore before the end of the current financial year.
The direct taxes tar...
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Income Tax |
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EXPERT PANEL for Addressing Bank Branch Audit Queries FY 2013-14 - ICAI
Posted Date : 23-Mar-2014 , 07:06:25 pm | Posted By CASANSAAR
The bank audit season is around the corner. Given the fact that the banking industry istypical in terms of its geographical and customer spread, the volume and varied natureof products and services offered, coupled with the strict constraints for completing theaudits, the members, many a times, face...
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ICAI |
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0 | Hits : 1403
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E-filing of I-T returns: Taxpayers to get Digital Signatures
Posted Date : 23-Mar-2014 , 10:58:55 am | Posted By CASANSAAR
In order to weed out the hassle of sending by post a hard copy of e-filed return, the Income-Tax Department has decided to bring in the facility of electronic signatures for taxpayers to endorse their bonafides.
The Central Board of Direct Taxes (CBDT), the apex office to formulate policies...
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Income Tax |
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New Initiative by CASANSAAR, Free Web-Designing for Chartered Accountants
Posted Date : 22-Mar-2014 , 09:44:18 am | Posted By CASANSAAR
CASANSAAR are providing you free Designs for your Professional Website. It’s totally Free of Cost. Out of our 100 Designs you can select any Design for your Professional Website & can create your own Personal Professional Website as per your own choice. After Selecting the Website Des...
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ICAI |
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0 | Hits : 5073
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Unclaimed bank money to be used for depositors education: RBI
Posted Date : 22-Mar-2014 , 09:33:11 am | Posted By CASANSAAR
Unclaimed bank deposits, which are estimated at Rs. 3,500 crore, will be utilised for education and awareness of depositors, the Reserve Bank of India (RBI) said on Friday.
The 'Depositor Education and Awareness Fund Scheme, 2014' has been finalised and forwarded to the government for not...
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RBI |
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0 | Hits : 1081
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Tulip Telecom
Posted Date : 22-Mar-2014 , 09:32:12 am | Posted By CASANSAAR
The Chairman-cum-Managing Director (CMD) of a telecom firm here has been arrested for allegedly evading service tax of about Rs 32 crore.
A case has been registered against Tulip Telecom Ltd for non-payment of service tax, official sources said.
Investigations by Delhi Service Tax ...
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Category :
Service Tax |
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0 | Hits : 1153
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Income Tax department website to get a face-lift, invites suggestions
Posted Date : 21-Mar-2014 , 08:22:07 pm | Posted By CASANSAAR
The Income Tax department is set to overhaul its official website for better taxpayer interface and has invited suggestions from public in order to make the portal more user friendly.
"The national website of the Income Tax department is undergoing redevelopment. In this regard, the departmen...
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Income Tax |
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0 | Hits : 744
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Nandan Nilekani and Wife have assets worth Rs. 7,700 crore
Posted Date : 21-Mar-2014 , 08:42:30 am | Posted By CASANSAAR
A day before filing his nomination for the Bangalore South Lok Sabha constituency, the Congress candidate and the former Chairman of the Unique Identification Authority of India (UIDAI), Nandan Nilekani, declared on Thursday that he and his wife Rohini have assets worth Rs. 7,700 crore.
&ld...
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General |
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EC allows Corp Affairs Min to notify new rules
Posted Date : 21-Mar-2014 , 08:25:11 am | Posted By CASANSAAR
The Corporate Affairs Ministry Thursday received Election Commission's approval for notifying rules related to various sections of the new Companies Act, paving the way for its implementation from April 1.
The legislation, which provides for significant changes in the way corporates are governed an...
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Category :
Corporate Law |
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0 | Hits : 963
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Sebi notifies norms to make KYC easier for investors
Posted Date : 21-Mar-2014 , 08:22:49 am | Posted By CASANSAAR
Making know-your-client process easier for investors, Sebi has notified a net set of norms that allow various market entities such as brokers and MFs to get details from centralised KYC agencies, rather than carrying out a fresh KYC verification procedure.
An option available to a...
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SEBI |
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0 | Hits : 883
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EOW finds faults with NSEL Auditors
Posted Date : 20-Mar-2014 , 07:58:52 am | Posted By CASANSAAR
Mumbai police has now found that even auditors of the NSELhas violated several norms and some of them are punishable under the Indian Penal Code. Police has found some discrepancies since inception of the exchange in 2007 which suspended trading last July and later faced default of Rs...
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Category :
Income Tax |
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0 | Hits : 941
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