Extension of time period to complete ITT and Orientation Course by students registered under Direct Entry Scheme
Posted Date : 30-Jul-2013 , 08:06:20 am | Posted By CASANSAAR
It has been brought to the notice of the Council that some students of the Direct Entry Scheme, who were registeredbetween 01.08.2012 and 31.01.2013 for the Intermediate (Integrated Professional Competence) Course and were required to complete ITT and Orientation Course...
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Students Zone |
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Sebi tightens disclosure norms for hedge funds
Posted Date : 29-Jul-2013 , 07:12:28 pm | Posted By CASANSAAR
Capital market regulator Sebi on Monday tightened disclosure norms for hedge funds and other Alternative Investment Funds using complex trading strategies, especially for those leveraging investments for higher returns or borrowings.
Such funds have been asked to have a co...
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SEBI |
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0 | Hits : 719
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Emphasis of Matter: Auditors' new way to flag off risks
Posted Date : 29-Jul-2013 , 08:19:51 am | Posted By CASANSAAR
To draw investors' attention towards potential financial and litigation risks at companies, the auditors have adopted a new practice of flagging off 'Emphasis of Matter' observations in their audit reports. Such 'Emphasis of Matter' observations are in addition to the usual accounting issues me...
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ICAI |
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0 | Hits : 1097
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Online transfer of PF accounts likely to start from August 15
Posted Date : 29-Jul-2013 , 08:18:18 am | Posted By CASANSAAR
Retirement fund body EPFO is likely to start online transfer of PF accounts on changing jobs by this Independence Day on August 15, a move that would benefit over 13 lakh such applicants every year.
The Employees' Provident Fund Organisation (EPFO) has started registering ...
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General |
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RBI may consider fraud registry to deal with financial crimes
Posted Date : 27-Jul-2013 , 08:39:50 am | Posted By CASANSAAR
The Reserve Bank could consider setting up of a Fraud Registry on the lines of Credit Information Bureau to check criminal activities in the financial sector. "Establishment of a Fraud Registry on the lines of credit information bureau could be considered by the (central bank)," said&...
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RBI |
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Disclose top 10 Income Tax assessees: CIC to I-T department
Posted Date : 26-Jul-2013 , 08:15:02 pm | Posted By CASANSAAR
The Central Information Commission has directed the Income Taxdepartment to disclose the list of top 10 Income Tax assessees among individual, companies and charitable organisations categories. Information Commissioner M L Sharma said the information should be disclosed as i...
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Income Tax |
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Result of the Insurance & Risk Management [IRM] Examination held in May, 2013 is likely to be declared on 31st July, 2013
Posted Date : 26-Jul-2013 , 07:14:01 pm | Posted By CASANSAAR
23rd July, 2013
IMPORTANT ANNOUNCEMENT
The result of the Insurance & Risk Management [IRM] Examination held in May, 2013 is likely to be declared on 31st July, 2013 around 4.00 P.M. at the Institute’s office at New Delhi.
The result of the above Examination will be availab...
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Students Zone |
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0 | Hits : 640
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EPFO starts registration of digital signatures of employers
Posted Date : 26-Jul-2013 , 06:19:31 pm | Posted By CASANSAAR
Online transfer of PF accounts on changing jobs will soon be a reality asretirement fund manager EPFO has started registering digital signatures of employers, a prerequisite for providing the facility. According to an official circular, theEmployees' Provident Fund Organisat...
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General |
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Congress ka haath, thaali ke saath: Full meal for Rs5 ? is it a Joke?
Posted Date : 26-Jul-2013 , 06:10:58 pm | Posted By CASANSAAR
Either our politicians are not in touch with reality or food prices have come down drastically for a privileged few in the country. A day after Congress spokesperson Raj Babbar said it was possible to have a full meal for Rs12 in Mumbai, his colleague, Rajya Sabha MP Rashid Masood, on Thursday creat...
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General |
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0 | Hits : 824
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New India Assurance signs MoU with ICSI
Posted Date : 26-Jul-2013 , 08:11:58 am | Posted By CASANSAAR
New India Assurance has signed an agreement with Institute of Company Secretaries of India (ICSI) to provide an exclusive portal for members, students and employees of the institute.
Under the MoU, the general Insurance company would provide a portal, which can be accessed through...
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ICSI |
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ITAT Vice-President booked by CBI in disproportionate assets case
Posted Date : 26-Jul-2013 , 07:58:16 am | Posted By CASANSAAR
CBI has booked G E Veerabhadrappa, a Vice-President ofIncome Tax Appellate Tribunal(ITAT), for allegedly amassing disproportionate assets, a charge refuted by the official who said the case was a conspiracy against him.CBI sources today alleged that Veerabhadrappa, a chartered account...
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Income Tax |
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Income Tax Department sends letters to another batch of 35000 non-filers
Posted Date : 25-Jul-2013 , 09:08:01 pm | Posted By CASANSAAR
Getting tough, the Income Tax department has sent letters to an additional 35,000 non-filers of returns.
"The Income Tax department has sent letters to another batch of 35,000 non-filers ... With this latest batch, the department has now issued letters in 2.10 lakh high pri...
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Income Tax |
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0 | Hits : 838
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Result of the CA IPC Examinations held in May, 2013 are likely to be declared on 31st July,2013.
Posted Date : 25-Jul-2013 , 06:21:45 pm | Posted By CASANSAAR
The result of the Chartered Accountants Intermediate (IPC) Examinations held in May,2013 are likely to be declared on Wednesday, the 31st July, 2013 around 4.00 P.M. andthe same as well as the merit list (candidates securing a minimum of 55% and above marksand upto the maximum of 50th Rank on all In...
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Students Zone |
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Deadline for filing Income Tax returns extended to October 31
Posted Date : 25-Jul-2013 , 08:30:44 am | Posted By CASANSAAR
The government has extended till October 31 the deadline for filing of income tax returns for taxpayers in calamity-hit Uttarakhand. The Central Board of Direct Taxes (CBDT), the apex body for framing policies of the I-T department, has issued orders in this regard on Tuesday.
All the asses...
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Income Tax |
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RBI directs banks to collect EMIs through electronic transfers
Posted Date : 25-Jul-2013 , 08:29:08 am | Posted By CASANSAAR
Auto and home loan borrowers need not pay post-dated cheques towards EMIs as RBI has directed banks to collect monthly instalments through electronic mode wherever the facility for such fund transfer is available.
Banks are advised that no fresh or additional post-dated cheques (PDC) or equated mon...
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RBI |
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Extension of exemption granted by one more examination for students who switched over to the Intermediate(IPC) Course under Direct Entry Scheme before 30th September 2012
Posted Date : 24-Jul-2013 , 02:02:47 pm | Posted By CASANSAAR
Extension of the validity of exemption granted in a paper(s) (on the basis of securing aminimum of 60 per cent marks) by one more examination in respect of students who optedto switch over to the Intermediate (Integrated Professional Competence) Course, under theDirect Entry Scheme before 30th Septe...
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Students Zone |
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Technical hurdles delay rollout of new standard for tax audit reports
Posted Date : 24-Jul-2013 , 08:31:57 am | Posted By CASANSAAR
“The pre-fill electronic form has already been released by the tax department. If CAs try to submit the tax audit reports in the already released e-forms taking into account the revised SA 700, it will not marry and several data entries may get lost. This is the reason why ICAI has delayed it ...
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ICAI |
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No change in Passing criteria at all level of CA examination - ICAI
Posted Date : 24-Jul-2013 , 08:31:42 am | Posted By CASANSAAR
Important Announcement
July 23, 2013
It has been brought to our notice that theNotification No. 13-CA (EXAM)/N//2013 dated 5th July, 2013 (hosted on the Institute’s website on 5th July, 2013) relating to the date schedule, list ofcentres, examina...
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Students Zone |
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RBI relaxes KYC norms for banks on data updation
Posted Date : 24-Jul-2013 , 08:19:52 am | Posted By CASANSAAR
Banks will now be required to update KYC data only once in two years for high risk entities, and just once in 10 years for low-risk clients, RBI said today. "The issue has been reviewed in the light of practical difficulties/constraints expressed by bankers/customers in obta...
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RBI |
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RBI takes more steps to tighten liquidity, support rupee
Posted Date : 24-Jul-2013 , 08:13:00 am | Posted By CASANSAAR
With the rupee still continuing to be weak, the Reserve Bank today announced additional liquidity tightening measures to contain excessive speculation and volatility in the foreign exchange market.RBI has reduced the liquidity adjustment facility (LAF) for each bank from 1 per cent of...
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Income Tax |
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Newly Elected President & Vice-President of ICAI for the year 2013-14
Posted Date : 23-Jul-2013 , 02:51:35 pm | Posted By CASANSAAR
Suresh Chandra Mohanty has been elected as the new President of the Institute of Cost Accountants of India (ICAI) for the year 2013-14 in a council meeting held at the institute's headquarters inKolkata.
He succeeds Rakesh Singh. A.S.Durga Prasad has been elected ICAI vice preside...
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ICWAI |
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CBDT Releases ITR 6 for e-filing for AY 2013-14 / FY 2012-13
Posted Date : 23-Jul-2013 , 10:19:47 am | Posted By CASANSAAR
CBDT has released ITR 6 for e-filing or Online filing of Income tax Return to be used by a company, other than a company claiming exemption under section 11 for Assessment year 2013-14 or Financial Year 2012-13. The ITR-6 can be downloaded from the following w...
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Income Tax |
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Salary earners upto Rs 5 lakh need to file I-T return: CBDT
Posted Date : 23-Jul-2013 , 08:19:41 am | Posted By CASANSAAR
Unlike the past two years, salaried persons earning up to Rs 5 lakh annually will have to file income tax returns,CBDT said today. The Central Board of Direct Taxes (CBDT) had exempted salaried employees having total income of upto Rs 5 lakh including income from other sources u...
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Income Tax |
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2 | Hits : 2282
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BSNL to start CA entrance coaching
Posted Date : 23-Jul-2013 , 08:15:48 am | Posted By CASANSAAR
Bharat Sanchar Nigam Ltd (BSNL) Indore is all set to launch full-time coaching for CA entrance examination -- Common Proficiency Test (CPT) -- by the end of this month, said its officials.
This decision was taken after the success of a crash course started in April-June this year, he said.
The coa...
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Students Zone |
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0 | Hits : 1338
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RBI imposes fresh restrictions on gold imports to stem rupee slide
Posted Date : 23-Jul-2013 , 08:11:43 am | Posted By CASANSAAR
he Reserve Bank of India has made gold imports for domestic consumption tougher and forced exporters to bring home their dollar earnings quicker in yet another attempt to shore up the currency that's hurtling toward the Rs 60 mark to the US dollar again. If any importer of g...
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RBI |
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0 | Hits : 850
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Sebi gets direct powers to attach properties, bank accounts; can order arrest of defaulters
Posted Date : 23-Jul-2013 , 08:06:45 am | Posted By CASANSAAR
In a major upgrade of powers given to Sebi, the government has allowed it to pass orders like search and seizure, attachment of properties, arrest and detention of defaulters and pass disgorgement directions to recover the wrongful gains made in contravention of laws.
At the same ti...
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SEBI |
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RBI starts scrutiny of nearly 3,000 private finance companies
Posted Date : 22-Jul-2013 , 08:41:43 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) has started scrutiny of nearly 3,000 companies which could be carrying out non-banking finance operations without requisite registration, in the wake of concerns about their actual business activities.
The central bank's move comes against the b...
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RBI |
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0 | Hits : 941
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Special IT Return Receipt Counters for Salaried Tax Payers With Income Upto Rs. 5 Lakh
Posted Date : 22-Jul-2013 , 07:34:35 pm | Posted By CASANSAAR
The CBDT has, vide notification dated 1-05-2013, made E-filing of Return compulsory for Assessment Year 2013-14 for persons having total assessable income exceeding Five lakh rupees.
The CBDT ...
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Income Tax |
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e-file your Income Tax Returns in 10 steps
Posted Date : 22-Jul-2013 , 08:33:19 am | Posted By CASANSAAR
If you have a taxable income of Rs 5 lakh and above, it is mandatory for you to e-file your tax return. An average taxpayer should take roughly 30-40 minutes to key in all the information and upload his return. Here's how to go about it.1Log on to the Income Tax Department's portal (income...
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Income Tax |
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1 | Hits : 2028
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Madras High Court upholds VAT provision on input tax
Posted Date : 21-Jul-2013 , 08:30:41 am | Posted By CASANSAAR
The Madras High Court has upheld certain provisions of the Tamil Nadu Value Added Tax (VAT) Act which were challenged by dealers of various products/goods.
The dealers were particularly aggrieved by a provision by which authorities sought to treat the discounts that the dealers had obtained...
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VAT |
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