MCA to get allocation of Rs 255.25 cr for next fiscal
Posted Date : 17-Feb-2014 , 07:13:07 pm | Posted By CASANSAAR
The Corporate Affairs Ministry will get a budgetary allocation of Rs 255.25 crore for the next fiscal.
According to the Interim Budget proposals, the government has earmarked Rs 255.25 crore in the next fiscal (2014-15) as compared to Rs 233.36 crore in the revised estimates for this fiscal, ...
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Download Finance Bill / Budget 2014
Posted Date : 17-Feb-2014 , 03:45:12 pm | Posted By CASANSAAR
Finance Minister P. Chidambram has presented today the Interim Union Finance Budget for F.Y. 2014-15. No Changes been proposed by the FM on Direct tax Front and provides the tax rates applicable for Financial Year Year 2014-15.
Download Finance Bill / Budget 2014 as per attached file....
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Interim Union Budget 2014-2015
Posted Date : 17-Feb-2014 , 03:24:26 pm | Posted By CASANSAAR
Interim Budget 2014-2015 – Speech of -P. Chidambaram- Minister of Finance- February 17, 2014
Madam Speaker,
INTRODUCTION
I rise to present the Interim Budget for 2014-15.
The Curre...
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Loading, Unloading, Packing, Storage and Warehousing of Rice also Exempted from Service Tax; Cord Blood Banks also get the Same Relief
Posted Date : 17-Feb-2014 , 01:25:33 pm | Posted By CASANSAAR
Finance Minister, Shri P. Chidambaram has proposed to exempt loading, unloading, packing, storage and warehousing of rice from service tax. Stating this while presenting the Interim Budget 2014-15 in Parliament here today he said that by virtue of the definition of ‘agricultural produce’...
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Direct Taxes Code (DTC) to be put on the website of the ministry for public discussion
Posted Date : 17-Feb-2014 , 01:25:21 pm | Posted By CASANSAAR
Direct Taxes Code (DTC) will be put on the website of the Ministry of Finance for a public discussion without partisanship or acrimony. This was stated by the Finance Minister, Shri P. Chidambaram while presenting Interim Budget 2014-15 in Parliament here today. He said that the Code can serve us fo...
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One Rank One Pension to be implemented from 2014-15
Posted Date : 17-Feb-2014 , 01:25:00 pm | Posted By CASANSAAR
The Government has allocated Rs. 500 crores to the Defence Pension Account in the current financial year itself for implementation of One Rank One Pension scheme for the Defence Forces of the country.
Making the announcement in Parliament today during his Interim Budget Speech, the Finance...
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Number of Steps Envisaged to Deepen The Indian Financial Market
Posted Date : 17-Feb-2014 , 01:24:42 pm | Posted By CASANSAAR
The Government has envisaged number of steps to deepen the Indian Financial markets. Presenting the Interim Budget 2014-15, the Union Finance Minister Shri P. Chidambaram outlined the steps as below:
· To comprehensively revamp the...
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Rs 11,200 Crores Provided for Capital Infusion in the Public Sector Banks
Posted Date : 17-Feb-2014 , 01:20:06 pm | Posted By CASANSAAR
An amount of Rs 11,200 crore has been provided for capital infusion in Public Sector Banks(PSB’s)in the Interim Budget 2014-15. The Union Finance Minister Mr. P Chidambaram made this announcement while presenting the Interim Budget in the Parliament today. The Finance Minister informed th...
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Major Relief for Education Loan Borrowers, 9 Lakh Student Borrowers to Benefit
Posted Date : 17-Feb-2014 , 01:19:16 pm | Posted By CASANSAAR
The Union Finance Minister Shri P. Chidambaram has announced a Moratorium period for all education loans taken-up to 31.3.2009 and outstanding on 31.12.2013. Government will take over the liability for outstanding interest as on 31.12.2013, but the borrower would have to pay interest for the period ...
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Relief in service tax for rice warehousing; KRBL up 1.2%
Posted Date : 17-Feb-2014 , 12:47:01 pm | Posted By CASANSAAR
In the Interim Budget, Finance Minister P Chidambaram gave some relief in service tax for rice warehousing and storage.
At 12:26 hrs KRBL was quoting at Rs 46, up Rs 0.55, or 1.21 percent.
It has touched an intraday high of Rs 47.75 and an intraday low of Rs 45.40. &n...
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Budget 2014-15: No major change in tax laws, excise cut to 10%
Posted Date : 17-Feb-2014 , 12:39:35 pm | Posted By CASANSAAR
Presenting the Interim Budget 2014 in Parliament Finance Minister P Chidambaram on Monday proposed no major changes in tax laws.
However, he slashed the excise duty from 12 percent to 10 percent.
The Finance Minister also said GDP growth has improved and will be 4.9 percent for the current f...
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Union Interim Budget 2014 - Live Updates
Posted Date : 17-Feb-2014 , 12:12:04 pm | Posted By CASANSAAR
FM completes his interim Budget speech.
FM - Budget estimates for 2014-15 - Revenue deficits will be 3%.
CHANGE IN INDIRECT TAXES
SERVICE TAX
1. Loading, unloading, storage and warehousing of RICE has been exempted.2. Cord Blood banks exempted from Service Tax
EX...
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Union Interim Budget 2014 - Watch Live Telecast Online on casansaar.com
Posted Date : 17-Feb-2014 , 11:33:19 am | Posted By CASANSAAR
Hon'ble Finance Minister's Presentation of Union Interim Budget in the Parliament on 17th February, 2014.
Watch Live Telecast of Union Interim Budget 2014.
Wait HERE for Live Telecast
...
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Over 40 lakh big spenders under tax scanner
Posted Date : 17-Feb-2014 , 08:11:13 am | Posted By CASANSAAR
The Income Tax department is keeping a close watch over 40.72 lakh high-value spenders as it plans to check potential evasion instances before the closing of the financial year on March 31.
According to data, the department has information on 40,72,829 persons who had made cash deposit...
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Income Tax |
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What is interim Budget or vote-on-account?
Posted Date : 17-Feb-2014 , 08:00:27 am | Posted By CASANSAAR
Union Finance Minister P Chidambaram is presenting UPA-II's interim Budget on Monday. Here's a description of what an interim budget or vote-on-account is.
A national interim Budget refers to the budget of a government that is going through a transition period. These budgets are common in d...
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ICAI helping India Post move toward accrual system of accounting
Posted Date : 16-Feb-2014 , 09:38:17 pm | Posted By CASANSAAR
If India Post is in the process of shifting from cash system of accounting to accrual system, they have the Institute of Chartered Accountants of India (ICAI) to thank for. The accrual system of accounting is in conformity with global standards of accountancy and takes in to accounts asset...
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ICAI |
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Letters to be sent to 23 lakh assessees for not filing tax returns: report
Posted Date : 16-Feb-2014 , 09:26:20 pm | Posted By CASANSAAR
In a last-ditch effort to meet revenue targets, the Income Tax Department will be sending out letters to 23 lakh assessees who have not filed returns, according to an official.
"We have identified 23 lakh people who have invested their money, but have not filed returns. We will be sending o...
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Income Tax |
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P Chidambaram to present Union Budget 2014-15 on Monday
Posted Date : 16-Feb-2014 , 06:55:44 pm | Posted By CASANSAAR
Finance Minister P Chidambaram will present the interim budget for 2014-15 in Parliament on Monday.
Along with the budget, the Finance Minister will present a vote-on-account to seek Parliament's sanction for spending till July.
Also, unlike a regular budget, the interim one does not have any new ...
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Former President of ICAI, CA.Ved Jain appointed as Director of DLF
Posted Date : 15-Feb-2014 , 10:54:42 am | Posted By CASANSAAR
Realtor DLF on Saturday said it has appointed three directors on its board to strengthen its management.
The company has appointed former president of the Institute of Chartered Accountants of India,Ved Kumar Jain, as an independent director on the board.
It has also ap...
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Corporate Law |
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ICAI to hold campus placements from Feb 17
Posted Date : 15-Feb-2014 , 10:46:56 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) is to hold its campus placement programme for newly qualified chartered accountants (CAs) between February 17 and March 15 at 16 centres across the country.
According to newly elected ICAI President K. Raghu, 2,690 candidates have regis...
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ICAI |
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RBI begins fresh audit at United Bank of India
Posted Date : 15-Feb-2014 , 08:30:59 am | Posted By CASANSAAR
In the wake of rapid asset quality deterioration at United Bank of India, the banking regulator has started a fresh audit of the lender—this one to scrutinize loans made in the current fiscal.
The Reserve Bank of India (RBI) last year conducted routine audits at the Kolkata-based...
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Banking |
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Vodafone replaces auditor Deloitte with rival PwC
Posted Date : 15-Feb-2014 , 08:21:33 am | Posted By CASANSAAR
Vodafone replaced its auditor for the first time since listing on the London Stock Exchange in 1991 amid a broad shake-up of the European accountancy market.
The mobile phone company said it would drop Deloitte and replace it with its rival PwC following the completion of the...
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Auditing |
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New Sebi norms a step ahead of Companies Act
Posted Date : 15-Feb-2014 , 08:13:21 am | Posted By CASANSAAR
The corporate governance norms announced by the Securities and Exchange Board of India (Sebi) go beyond those mentioned in the Companies Act.
Sebi has pushed for better corporate governance of listed companies through measures such as the need for a succession policy, prior app...
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SEBI |
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SC asks Centre to explain service tax on Tirupati trust
Posted Date : 15-Feb-2014 , 08:13:04 am | Posted By CASANSAAR
The Supreme Court on Friday decided to examine whether the services rendered by the Tirumala Tirupati Devasthanams to pilgrims, including accommodation and sevas, would come within the purview of service tax.
Issuing notice on a writ petition filed by the TTD, a Bench of Justices A.K. Patna...
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Service Tax |
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Arvind Kejriwal resigns, recommends dissolution of Delhi Assembly, fresh polls
Posted Date : 14-Feb-2014 , 08:54:39 pm | Posted By CASANSAAR
Delhi chief minister Arvind Kejriwal announced his resignation on Friday after his showpiece jan lokpal bill could not be tabled in the Delhi assembly.
Though the Aam Aadmi Party (AAP) leader had declared it as introduced in the assembly amid chaotic scenes, 42 of the 70 MLAs in the assembly ...
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General |
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Delhi Assembly not allowed to introduce Jan Lokpal Bill after 42 MLAs oppose it, says Speaker
Posted Date : 14-Feb-2014 , 06:31:51 pm | Posted By CASANSAAR
Delhi government's efforts to introduce the Jan Lokpal Bill did not get majority support for tabling it in the floor of the Assembly with 42 MLAs voting against the bill. Speaker M S Dhir said that the bill can not be introduced in the house as only 27 members are in favouring it. Voting was taken u...
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General |
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Sebi announces new corporate governance norms; mutual fund policy
Posted Date : 13-Feb-2014 , 10:57:59 pm | Posted By CASANSAAR
The board of market regulator Sebi, on Thursday, approved proposals to tighten the corporate governance norms for all listed entities. It has restricted independent directors to serve as directors on a maximum of seven listed companies and limited their total tenure to two terms of five years each.
...
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SEBI |
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RBI examines credentials of nearly 35,000 cos: MCA
Posted Date : 13-Feb-2014 , 10:50:24 pm | Posted By CASANSAAR
The Reserve Bank is examining the credentials of nearly 35,000 entities whose particulars were shared with it by the Ministry of Corporate Affairs (MCA) because of rising instances of fraudulent investment schemes.
The ministry had shared a list of 34,754 companies, which carry out fina...
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Corporate Law |
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United Bank hid bad loans, finds Deloitte audit report
Posted Date : 13-Feb-2014 , 10:49:13 pm | Posted By CASANSAAR
United Bank of IndiaBSE -1.00 % either deliberately or intentionally hid bad loans as its automated system to detect payment defaults was non-functional for more than two years, an audit by consultants Deloitte has found. The bank which has the highest bad loans among state-run lenders was downgrade...
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Banking |
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Applicability of The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 to CA firms
Posted Date : 13-Feb-2014 , 09:53:45 pm | Posted By CASANSAAR
ANNOUNCEMENT
SUB: APPLICABILITY OF GUIDELINES LAID DOWN BY HON’BLE SUPREME COURT IN THE CASES OF VISHAKHA & ORS. VS. STATE OF RAJASTHAN & ORS. AND DR. MEDHA KOTWAL LELE & ORS. VS. UNION OF INDIA & ORS. FOR PREVENTION AND DEALING WITH THE SEXUAL HARASSMENT AT ...
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ICAI |
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