Interest on loan for stocks not tax-deductible
Posted Date : 20-Feb-2014 , 07:51:59 am | Posted By CASANSAAR
Tax laws provide that expenditure incurred in relation to exempt income will not be allowed as a deduction in the hands of the tax payer. The Central Board of Direct Taxes (CBDT), in a recent circular, has further clarified that such deduction will not be allowed against other taxable income, e...
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Income Tax |
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Lok Sabha passes Interim Budget
Posted Date : 19-Feb-2014 , 10:07:17 pm | Posted By CASANSAAR
Lok Sabha passed the Interim Budget for the financial year 2014-15 without much discussion on Wednesday.
Finance Minister P Chidambaram introduced the Appropriation Bill and the Finance Bill amid din in the House by a voice vote.
The Bills were passed without much discussion and on...
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Budget |
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Government plans to form new company to manage CSR funds of PSUs
Posted Date : 19-Feb-2014 , 12:55:38 pm | Posted By CASANSAAR
The Union government is looking at a proposal to float a company to managecorporate social responsibility (CSR) funds of all central public sector enterprises, to ensure efficient implementation of this social initiative and to free companies from additional responsibility.
The min...
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Corporate Law |
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0 | Hits : 969
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Know status of your PAN/ TAN on Phone
Posted Date : 19-Feb-2014 , 11:56:28 am | Posted By CASANSAAR
Interactive Voice Response (IVR) for knowing the status of your PAN/ TAN application is now available at TIN call centre (TCC) in Hindi/English language. You may call on 020- 27218080 to check the status of your application....
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Income Tax |
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CA Vijay Choudhary appointed as Director of Educomp Solutions Limited
Posted Date : 19-Feb-2014 , 10:37:11 am | Posted By CASANSAAR
It's a matter of huge proud and honor to Congratulate CA Vijay Choudhary for being appointed as Director in Educomp Solutions Limited (A leading company in satellite education business with the name of ETEN).
CA.Vijay is a Former member of Fiscal Laws Committee and Research Committee of ICA...
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Corporate Law |
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0 | Hits : 1007
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United Bank of India faces an uncertain future
Posted Date : 19-Feb-2014 , 09:21:17 am | Posted By CASANSAAR
It faces an uncertain future in a market-driven economy as its pile-up of bad loans and weak capital structure leave little scope for the state-run bank to continue with a business-as-usual approach. Banks across the nation are facing tough times and hardly any banker is smiling these days, tha...
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Banking |
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0 | Hits : 1332
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Subscribers of private PF trusts may lose tax benefits
Posted Date : 19-Feb-2014 , 09:05:51 am | Posted By CASANSAAR
The Employees’ Provident Fund Organisation (EPFO) is trying to expedite cases for exemption certificates for private provident funds after the Interim Budget failed to extend a crucial deadline that expires on March 31, leaving employees of at least 50 firms without tax benefits.
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Income Tax |
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0 | Hits : 900
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Companies, LLPs can't use 'National' in their names
Posted Date : 19-Feb-2014 , 08:50:42 am | Posted By CASANSAAR
Companies and limited liability partnership firms floated by private entities should not use the word 'National' in their names, the government has said. The Corporate Affairs Ministry's latest move comes against the backdrop of instances where private entities are using the word 'National' in ...
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Corporate Law |
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0 | Hits : 933
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Listed firms will have to file IPO-like document annually
Posted Date : 18-Feb-2014 , 11:26:44 pm | Posted By CASANSAAR
All listed companies might soon have to prepare an annual information memorandum (AIM), a public document with all relevant information about their financial and operating performance.
In a discussion paper released on Tuesday, the Securities and Exchange Board of India (Sebi) has prescri...
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SEBI |
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Central Excise Deptt.asks BJP to Pay service tax on Modi rally tickets
Posted Date : 18-Feb-2014 , 10:34:23 pm | Posted By CASANSAAR
In a curious notice to BJP, the Central Excise Department has demanded payment of service tax by BJP on tickets for entry to its Prime Ministerial candidate Narendra Modi’s rallies.
Directorate General of Central Excise Intelligence (DGCEI), Ludhiana wing, has shot off a letter to BJP...
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Service Tax |
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0 | Hits : 958
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ICAI to set up a
Posted Date : 18-Feb-2014 , 08:45:19 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) will create a cloud campus and high technology laboratories for training students of chartered accountancy (CA), said its president K. Raghu.
The cloud campus will bring together CA students, besides hosting study material, e-book...
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Students Zone |
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Companies to hire 1,000 women Directors by Oct
Posted Date : 18-Feb-2014 , 08:23:24 am | Posted By CASANSAAR
Stock market regulator the Securities and Exchange Board of India’s (Sebi) decision to make it mandatory for every listed company to have at least one lady director on its board will open India Inc’s boardroom doors to nearly 1,000 new women directors.
Sebi recently announced ...
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Corporate Law |
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0 | Hits : 1380
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Vote on Account 2014: Government to miss tax revenue target by Rs 77,000 crore
Posted Date : 17-Feb-2014 , 08:29:14 pm | Posted By CASANSAAR
The government is likely to miss gross tax revenue target by about Rs 77,000 crore in the current fiscal due to economic slowdown.
As per the Interim Budget 2014-15 tabled in Parliament today, the government would garner Rs 11.58 lakh crore in 2013-14 as against Rs 12.35 lakh crore projected earlie...
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Budget |
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0 | Hits : 918
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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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Budget |
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0 | Hits : 790
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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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Budget |
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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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Budget |
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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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Budget |
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0 | Hits : 915
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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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Budget |
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0 | Hits : 1036
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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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Budget |
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0 | Hits : 945
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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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Budget |
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0 | Hits : 810
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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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Budget |
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0 | Hits : 771
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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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Budget |
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0 | Hits : 1069
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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 |
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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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Budget |
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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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Budget |
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0 | Hits : 1892
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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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Budget |
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0 | Hits : 1783
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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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0 | Hits : 1113
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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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Budget |
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0 | Hits : 1289
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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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0 | Hits : 993
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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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0 | Hits : 1093
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