RBI auctions 10-year bond worth Rs 7,000 cr
Posted Date : 18-May-2013 , 08:21:04 am | Posted By CASANSAAR
The Reserve Bank of India on Friday auctioned a new 10-year benchmark government bond worth Rs 7,000 crore at a cut-off yield of 7.16 per cent.
The bond, which will matures in 2023 and carries a coupon rate of 7.16 per cent, will be the new benchmark paper in place of the existing 8.15 per ...
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RBI |
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Govt cracksdown on chit funds; proposes ban for MLM cos
Posted Date : 18-May-2013 , 08:16:49 am | Posted By CASANSAAR
The government is moving to ban multi-level marketing (MLM companies through an amendment to The Prize Chits and Money Circulation Schemes (Banning) Act, 1978. The proposal has been mooted by the department of financial services and is likely to be fast tracked considering the seriousness of the chi...
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Finance |
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IPL spot-fixing: ED, DRI, Income Tax looking into money trail
Posted Date : 17-May-2013 , 09:23:45 pm | Posted By CASANSAAR
A day after the Delhi Police unearthed an alleged spot-fixing racket in IPL matches, a host of other probe agencies have begun sniffing for any clandestine ‘hawala’ transactions linked to it.
The Enforcement Directorate (ED), which is tasked to check illegal payment gateways lik...
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Income Tax |
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Request to Share Contact Details of ICAI Members in Entrepreneurship & Public Services
Posted Date : 17-May-2013 , 05:13:30 pm | Posted By CASANSAAR
The ICAI proudly acknowledges professional achievements of its members in Entrepreneurship and Public Service. ICAI has constituted a special committee, the“Committee for Members in Entrepreneurship & Public Services” to recognize their contribution to the economy as a w...
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ICAI |
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CA IPCC & Final Question Papers - May 2013
Posted Date : 17-May-2013 , 05:13:13 pm | Posted By CASANSAAR
Final Examination
GROUP I
PAPER - 1 : FINANCIAL REPORTING
PAPER - 2 : STRATEGIC FINANCIAL MANAGEMENT
PAPER – 3 : ADVANCED AUDITING AND PROFESSIONAL ETHICS
PAPER – 4 : CORPORATE AND ALLIED LA...
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Students Zone |
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Home loan prepayment fee eligible for tax benefit
Posted Date : 17-May-2013 , 08:46:01 am | Posted By CASANSAAR
A ruling by the Mumbai bench of the Income Tax Appellate Tribunal spells welcome relief for taxpayers who have paid huge sums as prepayment or foreclosure charges on early repayment of their housing loans.
Such taxpayers can claim prepayment charges as deductible under the head incom...
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Income Tax |
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ICAI Changes Centres for some Candidates in Kolkata, Udaipur, Vijayawada for 24 May 2013 Exam
Posted Date : 17-May-2013 , 08:21:35 am | Posted By CASANSAAR
Announcement
16th May 2013.
Change in venue for Paper 7-Information Technology andStrategic Management, ofIntermediate (IPC) Examination May 2013, to be held on 24th May 2013, in some candidates in Kolkata, Udaipur and Vijayawada
Due t...
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Students Zone |
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Mahindra Satyam gives first dividend after scam
Posted Date : 17-May-2013 , 08:09:30 am | Posted By CASANSAAR
Signalling that it had finally hit turnaround street, the scam-hitMahindraSatyam on Thursday declared a dividend of 30% for the first time after it was rocked by the worst corporate scandal in India's history.
The dividend declared for fiscal 2012-13 despite an 11% drop in...
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Shares & Stock |
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Request for Information: Rate Regulation - (Last date for sending comments: May 28, 2013) - ICAI
Posted Date : 16-May-2013 , 05:33:58 pm | Posted By CASANSAAR
The International Accounting Standards Board (IASB) has issued this Request for Information document with an objective of to identify a range of rate regulatory schemes to help determine the scope of the Rate-regulated Activities research project. Invitation to commentASB invites comments on th...
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ICAI |
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ITR- 4S Sugam (online/offline) for AY 2013-14 is avaiable for E-filing
Posted Date : 16-May-2013 , 03:40:13 pm | Posted By CASANSAAR
We have uploaded ITR-4S Sugam as applicable for AY 2013-14 / FY 2012-13 for online filing of Income Tax Returns for Presumptive Income Tax Return. ThisReturn Form is applicable for assessment year 2013-2014 only, i.e., it relates to income earned in Financial Year&...
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Income Tax |
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No arrests for 'offensive' posts on websites without permission of top police officers: Supreme Court
Posted Date : 16-May-2013 , 12:49:11 pm | Posted By CASANSAAR
The Supreme Court on Thursday said that no arrests could be made for objectionable comments on social networking websites without prior permission of senior police officers.
The apex court also directed all the states and Union Territories to comply with the Centre's advisory on arresting p...
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General |
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S.Sreesanth, two other Rajasthan Royals players arrested for spot-fixing
Posted Date : 16-May-2013 , 10:33:09 am | Posted By CASANSAAR
Rajasthan Royals pace spearhead S Sreesanth and two other players - Ankeet Chavan and Ajit Chandila - have been arrested on charges of spot-fixing.
The police have also arrested seven bookies in Mumbai and three bookies in Delhi in connection with the case. They are looking for two more bookies in ...
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General |
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Convocation for Chartered Accountants
Posted Date : 16-May-2013 , 08:34:11 am | Posted By CASANSAAR
CASANSAAR Team has received a lot of request and representation on the ongoing drama on the Convocation being organised by the ICAI through its various Regional Councils.
It not hidden fact that younger member of the ICAI are not happy with the mother body of the profession. Again the half ...
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Income Tax |
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LTA to be tax exempt only for domestic travel
Posted Date : 16-May-2013 , 08:31:02 am | Posted By CASANSAAR
Tax exemption on leave travel allowance or LTA can be claimed only on domestic travel and cannot be clubbed with an overseas journey. If an air ticket comprises Indian and overseas components, no exemption will be provided either on the entire cost or on partial Indian travel.
This was clarif...
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Income Tax |
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Law Minister Kapil Sibal clears put and call options in M&A deals
Posted Date : 16-May-2013 , 08:27:54 am | Posted By CASANSAAR
In the second successive signal in as many days to foreign investors about India's willingness to clear hurdles in the way of investment, law minister Kapil Sibal on Wednesday cleared a Sebiregulation which permits put and call options in mergers and acquisitions. "Yes, I h...
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Merger & Acquisitions |
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0 | Hits : 809
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Cobrapost impact: Bank Audits set to get tougher
Posted Date : 16-May-2013 , 08:20:54 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) and the government could look at reinstating audit system even in “smaller” branches with advances below Rs. 20 crore following rampant violation of know your customer (KYC) norms by banks revealed by investigative website Cobrapost.
Large num...
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ICAI |
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Application form for the ISA-AT scheduled on 22nd June, 2013
Posted Date : 16-May-2013 , 08:20:34 am | Posted By CASANSAAR
Download the Application Form
Apply Online for ISA-AT, June 2013
Please visit the site http://isaat.icaiexam.icai.org to apply for Information Systems Audit (Isa) Course Assessment Test - June 2013
Source :- ICAI.ORG....
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ICAI |
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Newspaper vendor bells the CAT; gets entry into IIM Calcutta
Posted Date : 15-May-2013 , 09:31:05 pm | Posted By CASANSAAR
As the alarm goes off at 4am, N Shiva Kumar is up on his feet, stacking his bicycle with newspapers. He has to deliver them before the sun appears on the horizon. A habit since Class 6, Shiva's life is set to change now. Come June 16, this newspaper-boy-turned-vendor will walk do...
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General |
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RBI inflation bonds for attracting household savings on June 4
Posted Date : 15-May-2013 , 08:47:18 pm | Posted By CASANSAAR
The Reserve Bank today announced it will launch inflation-linked bonds every month, starting June 4, to attract household savings of up to Rs 15,000 crore this fiscal so as to discourage investments in gold.
"RBI, in consultation with Government of India, has decided to laun...
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RBI |
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Double Digit Returns on National Pension System (NPS) Schemes for Financial Year 2012-13
Posted Date : 15-May-2013 , 06:47:55 pm | Posted By CASANSAAR
The National Pension System (NPS) regulated by Pension Fund Regulatory and Development Authority (PFRDA) has delivered double digit returns for the financial year 2012-13 and has evidenced itself as not just being the cheapest retirement product but also as the highest returns generating scheme.
&n...
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Finance |
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FinMin ratifies 8.5% interest on PF deposits for 2012-13
Posted Date : 15-May-2013 , 03:01:26 pm | Posted By CASANSAAR
The Finance Ministry has approved payment of 8.5% rate interest for 2012-13, up from 8.25% in the previous fiscal, benefiting over 5 crore EPFO subscribers.
"Finance Ministry has notified 8.5% interest rate for 2012-13. It will be implemented with immediate effect," EPFO's Central Provident Fund Co...
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Finance |
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NRI status a must to invoke transfer pricing, says ITAT
Posted Date : 15-May-2013 , 09:54:32 am | Posted By CASANSAAR
In a decision that will have farreaching implications on companies across sectors, the Income-Tax Appellate Tribunal (ITAT), Mumbai, held that an element of cross-border transaction and existence of an associated enterprise (AE) are pre-requisites for invoking the provisions of transfer pr...
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Income Tax |
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ICAI revises fees for all GMCS Course(s)
Posted Date : 15-May-2013 , 08:30:24 am | Posted By CASANSAAR
Revision of Fee for all GMCS Course(s)
13th May, 2013
The Council at its 324th Meeting held in April, 2013 decided that with effect from 1st July, 2013 fee for the General Management and Communication Skills (GMCS) Course i.e. existing GMCS Course, GMCS – I and GMCS –...
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ICAI |
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Balaji Telefilms
Posted Date : 15-May-2013 , 08:26:21 am | Posted By CASANSAAR
Gaurav, who has been working with Ekta Kapoor’s production house for three years now, claims he has been threatened for reporting the firm’s malpractices
Ekta Kapoor, and her parents, Jeetendra and Shobha Kapoor have been caught in a legal turmoil for quite some time now. Last m...
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ICAI |
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0 | Hits : 2617
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RBI eases foreign funding rules in key infra sectors
Posted Date : 15-May-2013 , 08:20:40 am | Posted By CASANSAAR
To improve flow of cheaper funds into key infrastructure sectors, the Reserve Bank of India on Tuesday eased the norms for external commercial borrowings (ECBs) for the aviation and housing sectors.
"The RBI has extended the ECB relaxation for affordable housing, which was there for one yea...
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RBI |
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Kapil Sibal overturns Ashwani Kumar's decision on Vodafone tax liability
Posted Date : 15-May-2013 , 08:15:27 am | Posted By CASANSAAR
Newly-appointed Law Minister Kapil Sibal has overturned his predecessor Ashwani Kumar's decision on the Vodafone tax liability issue and has given a go ahead for the matter to be resolved through conciliation.
British telecom major Vodafone faces a Rs. 11,200-crore tax liability in ...
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Income Tax |
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Record Performance of SPMCIL in Production of Bank Notes, Coins and Security Products During 2012-13
Posted Date : 14-May-2013 , 08:50:14 pm | Posted By CASANSAAR
Security Printing & Minting Corporation of India Ltd. (SPMCIL) has achieved all the targets with regard to production of Bank Notes, Coins, Security Products (Passports, NJSPs, Postal Products and other Security Products) and production of the Raw Materials (Security Inks and Security Paper) dur...
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Finance |
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0 | Hits : 701
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Download ITR- 1 for AY 13-14 / FY 2012-13 for Online Filing of Income tax Return
Posted Date : 14-May-2013 , 12:59:25 pm | Posted By CASANSAAR
ITR 1 (offline/online) for AY 2013-14 is available for e-Filing – Income taxDepartment has released ITR 1 for Filing of Return for the Assessment Year 2013-14/ Financial Year 2012-13.
Download ITR- 1 for AY 13-14 / FY 2012-13 for Online Filing of Income tax Return
&nbs...
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Income Tax |
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CA paper leaked at Mumbai college, National test put off
Posted Date : 14-May-2013 , 09:05:48 am | Posted By CASANSAAR
The question paper goof-up bug that plagued Mumbai University all this exam season appears to have gone viral. Even as some kind of order returned to the campus with teachers resuming duty, a nationwide CA exam has been pushed back as the wrong question paper was given out in a city c...
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Students Zone |
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Standard Audit scheme soon
Posted Date : 14-May-2013 , 08:39:27 am | Posted By CASANSAAR
In a bid to bring more transparency to the Mahatma Gandhi National Rural Employment Guarantee Act, The Institute of Chartered Accountants of India are evolving standards to audit the scheme in 2.5 lakh villages. Addressing a press conference here on Friday, president of ICAI Subodh Kumar Agarw...
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ICAI |
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