Having sex with woman on false promise of marriage is rape: HC
Posted Date : 10-Jun-2013 , 08:46:50 am | Posted By CASANSAAR
Having sexual relations with a woman on false promise of marriage amounts to rape, the Delhi High court has said."Having sexual relations with a woman against her will or without her consent also amounts to rape under the IPC. If the consent was obtained on a fals...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 1639
|
 |
ICAI to set up 'accountancy museum' in 25 cities
Posted Date : 10-Jun-2013 , 08:39:40 am | Posted By CASANSAAR
For better documentation and archiving in accountancy and audit, the Institute of Chartered Accountancy of India (ICAI) will set up "accountancy museums" in 25 cities across the country.
ICAI, which already has such a museum at Noida on Delhi's outskirts, will now hav...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1242
|
|
Fin Min detects tax evasion of over Rs 4,500 cr
Posted Date : 10-Jun-2013 , 08:30:27 am | Posted By CASANSAAR
Increased efforts to check revenue leakage by the Finance Ministry have resulted in detection of over Rs 4,500 crore in service tax, excise and customs duty evasion during last year.
Out of the total Rs 4,744.92 crore of indirect tax evasion detected during April and December last year, officials m...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 936
|
|
Claiming benefit under DTAA contingent on income received in Singapore: Tribunal
Posted Date : 09-Jun-2013 , 08:22:32 am | Posted By CASANSAAR
A tax tribunal has ruled that the treaty benefit in the form of concessional tax under the double taxation avoidance agreement (DTAA) between India and Singapore will be available to companies if income is actually received in the southeast Asian country.
The ruling came in a hearing of a...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 675
|
|
RBI asks banks to do legal audit in case of loans above Rs 5 crore
Posted Date : 08-Jun-2013 , 08:34:50 am | Posted By CASANSAAR
Reserve Bank of India told banks to do legal audit and re-verification of title deeds of loans above Rs 5 crore to check fraud. Two years back, banks were told to put a system a place wherein the concurrent auditors were required to look into the genuineness of the titl...
Continue Reading...
Category :
RBI |
Comments :
1 | Hits : 1762
|
|
Chidambaram unhappy with Pranab
Posted Date : 08-Jun-2013 , 08:32:23 am | Posted By CASANSAAR
Finance Minister P. Chidambaram expressed disappointment over the changes in the Direct Taxes Code (DTC) proposals brought in by his predecessor Pranab Mukherjee in the Finance Ministry and subsequently by the Standing Committee on Finance.
Addressing the 32{+n}{+d} Skoch Summit in the city...
Continue Reading...
Category :
Income Tax |
Comments :
1 | Hits : 836
|
|
Government relaxes norms for export of imported goods
Posted Date : 07-Jun-2013 , 04:22:39 pm | Posted By CASANSAAR
To encourage shipments, the government has allowed export of imported goods with 15 per cent value addition to countries from where the proceeds are realised in Indian rupee.The Directorate General of Foreign Trade(DGFT) will notify the names of those countries as to which exports und...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 772
|
|
Cost Inflation Index for Financial Year 2013-14
Posted Date : 07-Jun-2013 , 01:11:21 pm | Posted By CASANSAAR
Notified Cost Inflation Index for Financial Year 2013-14 / Assessment Year 2014-15 : 939
CLICK HERE FOR NOTIFICATION
Financial Year Cost Inflation Index Financial Year Cost Inflation Index
1981 – 82 : 100 1997 – 98 : 331
1982 – 83 : 109 1998 – 99 : ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 3130
|
|
Saradha Group Auditors under ICAI scanner
Posted Date : 07-Jun-2013 , 08:33:44 am | Posted By CASANSAAR
The auditors of West Bengal-based Saradha Group, which is alleged to have duped thousands of investors of their savings, are now under the scanner of the Institute of Chartered Accountants of India (ICAI), the apex body of chartered accountants (CAs). The ICAI has also initiated inquiry against the ...
Continue Reading...
Category :
Income Tax |
Comments :
1 | Hits : 1224
|
|
Rotate customs, central excise officers every 2 years: Finance Ministry
Posted Date : 07-Jun-2013 , 08:28:50 am | Posted By CASANSAAR
The Finance Ministry hasemphasised on rotation of Indian Revenue Service officers working in service tax, excise and customs departments every two years to provide them adequate exposure.In a recent directive, the Ministry has asked Chief Commissioners and Director Generals of Ce...
Continue Reading...
Category :
Excise |
Comments :
0 | Hits : 730
|
|
FinMin asks public sector banks to not sell gold coins
Posted Date : 06-Jun-2013 , 09:40:19 pm | Posted By CASANSAAR
In a move to curb the demand for gold, the finance ministry has asked the public sector banks not to sell gold coins to their customers.
According to bankers, the view was communicated by the finance minister P Chidambaram and other finance ministry officials at a meeting today in th...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 721
|
|
Rupee hits key level of 57 vs dollar, nears record low
Posted Date : 06-Jun-2013 , 12:19:35 pm | Posted By CASANSAAR
The rupee touched the key psychological level of 57 to the dollar on Thursday, approaching a record low hit nearly a year earlier as fears of an end to the U.S. Federal Reserve's monetary stimulus sent the dollar higher and hit local shares.
Recent U.S. economic data has been mixed, whi...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 678
|
|
Revised Guidance Note on tax audit to be released on July 1 - ICAI
Posted Date : 06-Jun-2013 , 08:34:23 am | Posted By CASANSAAR
The CA institute has come up with a revised Guidance Note on tax audits, which will be released on July 1 on Chartered Accountants Day.
The revised edition was approved at the central council meeting of the Institute of Chartered Accountants of India (ICAI) that concluded on Monday, Subodh ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1927
|
|
Inform investors about restatement of accounts: Sebi to companies
Posted Date : 06-Jun-2013 , 08:31:38 am | Posted By CASANSAAR
Seeking to push the companies to act on issues flagged by their auditors,market regulator Sebi today asked them to immediately inform the investors about any restatement of their books of accounts necessitated by points raised by the audit process. The latest direction follows Sebi's ...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 761
|
|
RBI committee suggests changes in accounting of central bank balance sheet
Posted Date : 05-Jun-2013 , 09:30:53 pm | Posted By CASANSAAR
An RBI appointed technicalcommittee has recommended that the central bank's repo transactions be treated as lendings and borrowings and not as investments. This could address the fluctuation in accounts due to change in bond prices. The committee headed by Y H Malegam to review t...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 824
|
|
File TDS on time or be ready to cough up Rs. 1 lakh
Posted Date : 05-Jun-2013 , 07:28:39 pm | Posted By CASANSAAR
Failure to deposit timely and correct Tax Deducted at Source (TDS) or Tax Collected at Source (TCS) will now attract a penalty ranging from Rs. 200 to Rs. 1,00,000 by the Income Tax department.
All the TDS range offices of the department across the country have been asked by the...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1950
|
|
Sebi acts against promoters, directors of 105 firms
Posted Date : 05-Jun-2013 , 02:42:36 pm | Posted By CASANSAAR
Cracking the whip on the promoters of over 100 private sector companies having failed to attain minimum 25 per cent public holding, Sebi today ordered freezing their voting rights and corporate benefits and barred them from holding any new position on boards of listed firms.
The promoters and direc...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 724
|
|
ICAI initiates probe against Reebok ex-CFO Vishnu Bhagat
Posted Date : 05-Jun-2013 , 01:51:37 pm | Posted By CASANSAAR
ICAI has launched an enquiry against Reebok India’s former Chief Financial Officer Vishnu Bhagat over his role in the alleged multi-crore fraud in the Indian unit of global sportswear major.
“We have initiated an enquiry on our member… who was a key managerial person (CFO...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 772
|
|
Police rescue CA student confined inside house for more than five years
Posted Date : 05-Jun-2013 , 09:24:54 am | Posted By CASANSAAR
A 35 year old chartered accountancy student, who was confined inside her Malleshwaram residence for more than five years, was on Tuesday rescued by police after health minister UT Khader visited her. Assisted by doctors, Hemavathi Renukappa was shifted to ...
Continue Reading...
Category :
Students Zone |
Comments :
0 | Hits : 2669
|
|
ICAI seeks details on Nokia tax issue from income tax department
Posted Date : 05-Jun-2013 , 08:53:35 am | Posted By CASANSAAR
Accounting regulator ICAItoday said it has sought details from the director general income tax (investigation), which is probing the alleged Rs 2,080 crore tax evasion by the finnish mobile maker Nokia. After it received the details on the case, the Institute of Chartered Accountants&...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 813
|
|
ED slaps Rs.8,600-cr penalty notice on Emaar MGF
Posted Date : 05-Jun-2013 , 08:25:20 am | Posted By CASANSAAR
The Enforcement Directorate has issued a show-cause notice to construction major Emaar MGF Land Limited for alleged violation of the Foreign Exchange Management Act (FEMA) worth about Rs.8,600 crore by false representation on utilisation of foreign direct investment (FDI).
FOREX RULE VIOLATION
&...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 698
|
|
Cabinet approves Vodafone conciliation on tax demand
Posted Date : 04-Jun-2013 , 07:45:19 pm | Posted By CASANSAAR
The Union Cabinet today approved a proposal for conciliation with British telecom company Vodafone on their Rs 14,000-crore tax dispute.
Officials said conciliation will pave way for amendments to theIncome Tax Act. This will be needed to have a uniform law for all companie...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 691
|
|
DoT slaps Rs 1,263cr fine on Vodafone for under reporting revenues
Posted Date : 04-Jun-2013 , 12:16:40 pm | Posted By CASANSAAR
The telecoms department has issued a demand notice to Vodafone asking the Indian arm of the world's largest mobile phone company to pay up Rs 1,263 crore for reporting lower than earned revenue during 2008-09 and 2010-11. People aware of the development told ETthat the telecoms depart...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 713
|
|
Income tax Department has released e-Filing Utility for ITR- 3 for A.Y.2013-14 / F.Y.2012-13
Posted Date : 04-Jun-2013 , 09:57:38 am | Posted By CASANSAAR
Income tax Department has releasede-Filing Utility for ITR- 3 for A.Y. 2013-14 / F. Y. 2012-13.
To Whom it is Applicable
ITR 3 for AY 2013-14 is to be used by an individual or an Hindu Undivided Family who is a partner in a firm and where incom...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1126
|
|
Companies, political parties to give 'other income' details in I-T returns
Posted Date : 04-Jun-2013 , 08:29:40 am | Posted By CASANSAAR
After asking individual taxpayers to declare their assets and liabilities in the new Income Tax Return (ITR) forms, the finance ministry will now tell companies, firms, trusts, as well as political parties, to give more disclosures in the ITR forms to be notified soon for the 201...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 821
|
|
Punjab rolls out new industrial policy, offers tax incentives
Posted Date : 04-Jun-2013 , 08:27:57 am | Posted By CASANSAAR
In a bid to attract investments, the Punjab government today announced a new industrial policy, offering tax incentives for manufacturing, agriculture, food processing and IT and electronics hardware sectors, assuring faster clearance to the projects. The SAD-BJP led state government also annou...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 1213
|
|
Download CMA's Exam Admit Card for JUNE-2013 Term Examination
Posted Date : 03-Jun-2013 , 07:29:29 pm | Posted By CASANSAAR
Students can download online Admit Card for June - 2013 Term Examination by clicking on the link below.
Admit Card for JUNE-2013 Term Examination
In case of a probelm contact email : exam.helpdesk@icmai.in
Help line numb...
Continue Reading...
Category :
Students Zone |
Comments :
0 | Hits : 802
|
|
Political parties come under RTI Act, rules CIC
Posted Date : 03-Jun-2013 , 05:41:21 pm | Posted By CASANSAAR
In a landmark decision, the Chief Information Commissioner has ruled that all political parties come under the ambit of the Right to Information Act. The ruling provides for greater transparency in the working of the political parties as now the public has the right to get information about their fu...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 786
|
|
Taxman to put salary slips of top executives under scanner for TDS
Posted Date : 03-Jun-2013 , 05:22:42 pm | Posted By CASANSAAR
Income Tax department has decided to scan the salary structure of top executives of large corporates and PSUs to examine hidden tax opportunities in the perks and reimbursements made to them.
The department, during its recent deliberations with top I-T and CBDT officials here, decided to st...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 862
|
|
RBI clarifies rules for new bank licences
Posted Date : 03-Jun-2013 , 05:19:09 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) said on Monday in a clarification to queries on new bank licences that the validity of in-principle approval for new banks has been extended to 18 months from one year. RBI issued guidelines in February allowing any type of company to set...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 815
|
|
|
