RBI imposes penalty on Mahindra & Mahindra Financial Services, Indian Bank
Posted Date : 07-Apr-2023 , 07:11:32 am | Posted By CASANSAAR
The Reserve Bank has imposed a penalty of Rs 6.77 crore on Mahindra & Mahindra Financial Services Ltd, Mumbai, for non-compliance with norms related to disclosure of interest rates to borrowers at the time of sanction of loans, a release said on Thursday.
In another release, the RBI said a Rs...
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RBI |
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RBI announces a Central Portal to Check Unclaimed Money from Inoperative Bank Accounts
Posted Date : 07-Apr-2023 , 06:48:49 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) Governor Shaktikanta Das, who surprised everyone by holding interest rates, on April 6 also announced a centralised web portal for the public to search unclaimed deposits.
"At present, the depositors and beneficiaries of unclaimed bank deposits of 10 years or ...
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Income Tax |
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0 | Hits : 2206
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RBI keeps repo rate unchanged at 6.5 percent
Posted Date : 07-Apr-2023 , 06:43:05 am | Posted By CASANSAAR
Defying expert expectations, the six-member monetary policy committee headed by RBI Governor Shaktikanta Das today announced a status quo on policy rates. While announcing the first bi-monthly monetary policy statement for 2023-24, Mr. Das said the monetary policy committee has unanimously decided t...
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RBI |
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Finmin to meet public sector banks' heads to review financial inclusion schemes
Posted Date : 06-Apr-2023 , 06:29:17 am | Posted By CASANSAAR
Finance Ministry has called a meeting of heads of Public Sector Banks (PSBs) on April 13 to review progress of various financial inclusion schemes, including Jan Suraksha and Mudra Yojana.
The meeting is scheduled to be chaired by Financial Services Secretary Vivek Joshi.
According to sources,...
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Banking |
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Net direct tax collections grow to Rs 16.61 lakh Cr., exceeds estimates by 17.6%
Posted Date : 04-Apr-2023 , 08:45:30 am | Posted By CASANSAAR
The provisional figures of Direct Tax collections for the Financial Year (FY) 2022-23 show that Net collections are at Rs. 16.61 lakh crore, compared to Rs. 14.12 lakh crore in the preceding Financial Year i.e. FY 2021-22, representing an increase of 17.63%.
The Budget&...
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Income Tax |
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GST revenue collection Rs. 1,60,122 Cr gross for March 2023
Posted Date : 02-Apr-2023 , 09:43:06 am | Posted By CASANSAAR
The gross GST revenue collected in the month of March 2023 is Rs.1,60,122 crore of which CGST is Rs. 29,546 crore, SGST is Rs.37,314 crore, IGST is Rs. 82,907 crore (including Rs.42,503 crore collected on import of goods) and cess is Rs.10,355 crore (including Rs.960 crore collected o...
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GST |
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0 | Hits : 1255
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Finance Act, 2023
Posted Date : 01-Apr-2023 , 07:59:01 am | Posted By CASANSAAR
Finance Act, 2023 received the assent of the President on the 31st March, 2023.
Finance Bill, 2023 receives President's assent on Mar 31, 2023 and now its Finance Act, 2023.
The Finance Act, 2023 has been enacted vide Gazette Notification dated today, March-31-2023.
After obtainin...
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Finance |
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India Post Payments Bank launches WhatsApp Banking Services
Posted Date : 01-Apr-2023 , 07:49:36 am | Posted By CASANSAAR
India Post Payments Bank (IPPB), in collaboration with Airtel, announced the launch of WhatsApp Banking Services for IPPB customers in New Delhi today, enabling them to access banking services on their mobile phone.
The newly launched IPPB WhatsApp Banking channel will enable IPPB custome...
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Banking |
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0 | Hits : 1336
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IBBI publishes syllabus for Limited Insolvency Examination w.e.f 1st July 2023
Posted Date : 01-Apr-2023 , 07:45:00 am | Posted By CASANSAAR
IBBI conducts the Limited Insolvency Examination (LIE) in pursuance to regulation 3 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016, for prospective Insolvency Professionals. The said Regulations inter-alia empower IBBI to determine the syllabus, of LIE w...
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Income Tax |
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0 | Hits : 1474
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Bank Branch Audit 2023 - Update on allotment of Branches
Posted Date : 28-Mar-2023 , 10:01:37 pm | Posted By CASANSAAR
Bank Branch Audit 2023 - Update on allotment of Branches
As per information received, RBI has approved the Bank Branch Audit Panel. Banks start sending mails for allotment of Branches..
We Have Posted all details of Bank Branch Audit Allotment at our Twitter Account,
...
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Bank Branch Audit |
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12 | Hits : 13007
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Govt extends last date for linking PAN and Aadhaar cards to June 30
Posted Date : 28-Mar-2023 , 09:59:13 pm | Posted By CASANSAAR
The last date for linking PAN and Aadhaar has been extended to 30th June this year to provide some more time to the taxpayers. In a statement, Central Board of Direct Taxes, CBDT said, from 1st July, the PAN of taxpayers who have failed to intimate their Aadhaar will become inoperative. The CBDT sai...
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Income Tax |
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0 | Hits : 1021
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RBI directs all banks to keep branches open till Mar 31 for annual closing
Posted Date : 22-Mar-2023 , 09:08:53 am | Posted By CASANSAAR
With the annual closing of accounts scheduled for March 31 as the financial year 2022-23 is ending, the Reserve Bank of India (RBI) has directed all banks to keep their branches open till working hours of the above-mentioned date.
In a letter to all agency banks on Tuesday, the RBI said that all ...
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RBI |
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0 | Hits : 2000
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Updates on Bank Branch Audit 2023
Posted Date : 21-Mar-2023 , 10:15:20 pm | Posted By CASANSAAR
Bank Branch Audit 2023 Updates :-
Banks have started sending emails for Bank Branch Audit
(Plz check your email (inbox or spam) on a regular basis.
Bank Wise Details Updated on CA Sansaar Twitter Handle ...Can Check on Twitter Plz
Check Latest Update (22/03/2023) ...
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Bank Branch Audit |
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27 | Hits : 34451
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68,000 Cases Flagged for Mismatch In 2019-20 Income Tax Returns
Posted Date : 13-Mar-2023 , 10:25:21 pm | Posted By CASANSAAR
As many as 68,000 cases have been picked up for e-verification by the income tax department for underreporting of income in tax returns for 2019-20 fiscal, CBDT chief Nitin Gupta said on Monday.
Under the e-verification scheme, the I-T department informs the taxpayers about mismatch in Annual Inf...
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Income Tax |
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0 | Hits : 1886
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Bank Branch Audit 2023 Updates
Posted Date : 10-Mar-2023 , 08:54:38 pm | Posted By CASANSAAR
Bank Branch Audit 2023 Updates :-
Check Latest Update (10/03/2023) on Twitter.....
CLICK ON THE LINK AND CHECK ALL UPDATES RELATED TO BANK BRANCH AUDIT.,.,.
https://twitter.com/casansaar
Check mail on regular Basis. Process is just started now and these are combind details...
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Bank Branch Audit |
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RBI cancels certificate of registration of 17 NBFCs
Posted Date : 11-Mar-2023 , 08:05:03 am | Posted By CASANSAAR
The Reserve Bank of India on Friday cancelled the Certificate of Registration (CoR) of 17 non-banking financial companies (NBFCs). The central bank noted that in the exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, it has therefore cancelled the NBFC...
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RBI |
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RBI imposes Monetary Penalty on Amazon Pay (India) Private Limited
Posted Date : 03-Mar-2023 , 09:25:06 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) has imposed monetary penalty of ?3,06,66,000/- (Rupees three crore six lakh sixty six thousand only) on Amazon Pay (India) Private Limited (the entity) for non-compliance with certain provisions of the Master Directions on Prepaid Payment Instruments (PPIs) dated...
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RBI |
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0 | Hits : 1798
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Bank Branch Audit Update - No. of Bank Branch Auditors (Category Wise) Appointed & No. of Branches Audited
Posted Date : 01-Mar-2023 , 08:25:46 pm | Posted By CASANSAAR
Bank Branch Audit Update - Total No. of Bank Branch Auditors (Category wise) Appointed & Total No. of Bank Branches Audited...
Total No. of Bank Branch Statutory Auditors Appointed :-
- Individual Bank Wise Detail,
- CA Firm Category Wise Detail.
Total No. of Bank Branches ...
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Bank Branch Audit |
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GST collections rise 12% to Rs 1.49 lakh Cr in February 2023
Posted Date : 01-Mar-2023 , 08:16:16 pm | Posted By CASANSAAR
Over 1.49 lakh crore rupees gross Goods and Service, Tax revenue was collected in February. GST revenue collection has registered 12 per cent growth in February in comparison to the same period of the previous financial year. In February 2022, over one lakh 33 thousand crore rupees were collected as...
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GST |
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0 | Hits : 1965
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IBBI warns Registered Valuer for Cautious and Transparent while conducting Valuation
Posted Date : 02-Mar-2023 , 07:35:36 am | Posted By CASANSAAR
This Order disposes the Show Cause Notice (SCN) No. RV-13012/1/2022-IBBI/283/4233, dated 04.11.2022 issued to Ms. Gunjan Agarwal under rule 17 read with 15 of Companies (Registered Valuers and Valuation) Rules, 2017 (Valuation Rules). The Insolvency and Bankruptcy Board of India (IBBI/Board) has bee...
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ICAI |
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IBBI Suspends the Registration of Registered Valuer for a period of six months
Posted Date : 02-Mar-2023 , 07:28:55 am | Posted By CASANSAAR
This Order disposes the Show Cause Notice (SCN) No. RV-13012/1/2022-IBBI/284/4234, dated 04.11.2022 issued to Mr. Sandeep Kumar Agarwal under rule 17 read with 15 of Companies (Registered Valuers and Valuation) Rules, 2017 (Valuation Rules). The Insolvency and Bankruptcy Board of India (IBBI/Board) ...
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ICAI |
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Auditors of large firms to keep records in Entity DigiLocker
Posted Date : 28-Feb-2023 , 07:33:16 am | Posted By CASANSAAR
The proposed Entity DigiLocker is also likely to be used to improve the audit quality of top-tier and large companies, with the National Financial Reporting Authority (NFRA) planning to ask auditors of these firms to use the facility to store client records and audit files.
“The auditor can...
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Auditing |
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CBDT tightens Audit Reporting Norms for Charitable Trusts
Posted Date : 24-Feb-2023 , 07:43:38 am | Posted By CASANSAAR
Income tax authorities have tightened reporting norms for charitable trusts, with more information required in the audit reports and more responsibility on the auditor. The Central Board of Direct Taxes (CBDT) has notified changes in audit reports for charitable trusts. The audit report will be in F...
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CBDT |
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MCA allows extension for filing of certain forms till 31.03.2023 without payment of additional fees
Posted Date : 22-Feb-2023 , 09:57:01 am | Posted By CASANSAAR
Due to migration of MCA21 portal from Version 2 to Version 3.0 and change in way of filing in Version-3 and based on the request of Stakeholders, Ministry of Corporate Affairs (MCA) has decided vide General Circular 05/2023 to allow further additional time till 31.03.2023 for filing of 45 forms laun...
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MCA |
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CAs who lives in Singapore for 6 Months can become Member of Singapore Institute without Exam
Posted Date : 21-Feb-2023 , 09:30:08 pm | Posted By CASANSAAR
ICAI President CA. Aniket Sunil Talati has announced that the Chartered Accountants from India who lives in Singapore for more than 6 months can automatically acquire the membership of the Singapore Institute without an exam. CA. Aniket Sunil Talati was delivering a speech in Kolkata.
CLICK ON TH...
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ICAI |
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Income Tax Deptt puts income tax calculator live on income tax dept portal
Posted Date : 21-Feb-2023 , 08:12:32 am | Posted By CASANSAAR
Income tax department on Monday released a 'tax calculator' which will help an assessee decide if the new income tax regime announced in the Budget is good for him/her or if the old one is better.
The tax calculator is live on the income tax department's portal.
"...
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Income Tax |
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0 | Hits : 1246
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Recommendations of 49th GST Council Meeting
Posted Date : 18-Feb-2023 , 09:39:58 pm | Posted By CASANSAAR
The 49th GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in New Delhi today. The meeting was also attended by Union Minister of State for Finance Shri Pankaj Chaudhary besides Finance Ministers of States & UTs (with legislat...
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GST |
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CBDT notifies Income Tax Return Forms for Assessment Year 2023-24 well in advance
Posted Date : 15-Feb-2023 , 07:53:41 pm | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) has notified Income-tax Return Forms (ITR Forms) for the Assessment Year 2023-24 vide Notifications No. 04 & 05 of 2023 dated 10.02.2023 and 14.02.2023. These ITR forms will come into effect from 1st April, 2023 and have been notified well in advance...
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CBDT |
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Bank Branch Audit 2023 Updates - Join CA Sansaar official Telegram Channel
Posted Date : 13-Feb-2023 , 08:52:25 pm | Posted By CASANSAAR
ICAI had finalised the Bank Auditor's 2023 Panel and sent to RBI for further Process
RBI is finalising the Panel for Bank Branch Audit and will send it to Banks.
Click on the link below for more details.
https://youtu.be/yw...
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Bank Branch Audit |
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1 | Hits : 6149
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RBI directs financial institutions and NPCI to allow access to UPI to foreign nationals
Posted Date : 13-Feb-2023 , 08:21:19 am | Posted By CASANSAAR
The Reserve Bank has directed financial institutions and National Payments Corporation of India, NPCI to allow access to Unified Payments Interface (UPI) to foreign nationals and NRIs visiting India.
In a notification issued from Mumbai today, the facility should currently be extended only to tra...
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RBI |
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