Earthquake at Iran-Pakistan border, tremors felt in Delhi and parts of northern India
Posted Date : 16-Apr-2013 , 04:43:58 pm | Posted By CASANSAAR
Tremors were reported in Delhi, Gurgaon and other parts of northern India this afternoon after an earthquake of 7.8 magnitude struck the Iran-Pakistan border region.Mild tremors were reported in Chandigarh, where people said furniture shook for about half a minute.
Tremors were also r...
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General |
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Investment pacts can't be subject to foreign jurisdictions: FM
Posted Date : 16-Apr-2013 , 02:40:04 pm | Posted By CASANSAAR
Finance Minister P Chidambaram has made it clear that any bilateral investment protection agreement has to be subject to jurisdiction of domestic legal institutions and India will not allow it to be subjected to foreign courts or tribunals.
"We cannot allow highest court of the land to be subjected...
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International Business |
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0 | Hits : 662
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No Change in the Schedule of The Chartered Accountants Examinations - May 2013
Posted Date : 16-Apr-2013 , 02:31:55 pm | Posted By CASANSAAR
April 16, 2013
NO CHANGE IN THE SCHEDULE OF THE CHARTERED ACCOUNTANTS EXAMINATIONS - MAY 2013.
Students appearing for Intermediate (Integrated Professional Competence) Examination may note that, owing to the Bye Elections to Ward 43 – Nangloi East and Ward 256 Yamuna Vihar of...
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Students Zone |
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SC orders banks to deposit Rs 400 crore
Posted Date : 16-Apr-2013 , 08:33:21 am | Posted By CASANSAAR
The Supreme Court, on Monday, ordered nationalised banks - Punjab National Bank, Union Bank of India and the Indian Bank - to deposit a sum of Rs 400 crore within 15 days with the Prothonotary and Master of Bombay High Court as part of the bank guarantee money due to the Boa...
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Banking |
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1 | Hits : 945
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Gold price crashes to over 15-mnth low; tumbles to Rs 27,600
Posted Date : 15-Apr-2013 , 08:18:27 pm | Posted By CASANSAAR
Gold prices Monday tumbled by Rs 750 to Rs 27,600 per 10 grams to hit an over 15-month low in the national capital due to persistent selling by stockists triggered by a heavy sell-off in global markets.
The precious metal, which had suffered the most ever in the previous session by losing Rs 1,250,...
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General |
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Petrol price cut by Re 1 per litre, effective midnight
Posted Date : 15-Apr-2013 , 06:47:43 pm | Posted By CASANSAAR
State-owned oil marketing companies today cut the price of petrol by Rs. 1 per litre, without taxes, effective midnight tonight, while the price of diesel was left unchanged, Indian Oil said in a release.
Oil firms review the price of petrol every two weeks. While petrol is deregulated an...
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General |
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Revised Announcement for Empanelment as a Technical Reviewer with the Quality Review Board
Posted Date : 15-Apr-2013 , 05:11:43 pm | Posted By CASANSAAR
Dated: 14th February, 2013
Revised Announcement for Empanelment as a Technical Reviewer with the Quality Review Board
The Government of India has, in exercise of the powers conferred by Sec. 28A of the Chartered Accountants Act, 1949, constituted a Quality Review Board to perfor...
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ICAI |
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0 | Hits : 950
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An Agreement (DTAA) and Protocol Signed Between India and Malta for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion With Respect to Taxes on Income
Posted Date : 15-Apr-2013 , 05:07:46 pm | Posted By CASANSAAR
The Double Taxation Avoidance Agreement (DTAA) and the Protocol between the Republic of India and Malta for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income is in force since 8th February, 1995. Both India and Malta have renegotiated the Agree...
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Income Tax |
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Finmin asks banks to bring down net NPA to 1% by Mar '14
Posted Date : 14-Apr-2013 , 09:03:05 pm | Posted By CASANSAAR
Setting a stiff target for all public sector banks, the Finance Ministry has directed them to expedite the recovery process and bring down net NPAs to 1 % of their total advances by the end of 2013-14 fiscal."We have asked banks to bring down their net NPA to 1 % of the total advances by March 201...
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Banking |
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I-T dept to 'name and shame' habitual tax evaders
Posted Date : 14-Apr-2013 , 08:18:59 pm | Posted By CASANSAAR
The Income Tax department has decided to name and shame "chronic" tax defaulters by publicising their names and addresses.
It is in the process of finalising the procedures of compiling the names and cases pertaining to habitual tax dodgers and subsequently uploading them on its website.
"The depa...
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Income Tax |
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0 | Hits : 929
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RBI mulls easing fund transfer norms for new cos to boost FDI
Posted Date : 14-Apr-2013 , 08:17:46 pm | Posted By CASANSAAR
The Reserve Bank is considering easing the fund transfer norms for incorporation of companies by non-residents so as to promote foreign direct investment.
Under the new norms being contemplated by the RBI, consultants will be allowed to open bank accounts for the specific purpose of incorporating a...
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RBI |
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RBI to cancel licences of 26 loss-making cooperative banks
Posted Date : 14-Apr-2013 , 08:13:31 pm | Posted By CASANSAAR
The Reserve Bank of India will shortly cancel licences of 26 loss-making cooperative banks, including 16 in Uttar Pradesh, Deputy Governor K C Chakrabarty today said.
A capital of Rs2,000 crore is required for running 16 cooperatives banks in the state and RBI may not cancel the licenses of...
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RBI |
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0 | Hits : 957
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Google, Yahoo needn't pay tax on ad income - ITAT
Posted Date : 13-Apr-2013 , 08:20:56 am | Posted By CASANSAAR
ITAT bench spares foreign websites in landmark case.
In a landmark ruling, the Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has ruled that no tax is deductible on payments made by Indian companies� to� Google and Yahoo for online advertisement on...
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Income Tax |
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I-T withdraws charitable status of Ramdev
Posted Date : 13-Apr-2013 , 08:15:02 am | Posted By CASANSAAR
Yoga guru Baba Ramdev, it seems, is engaged in some ‘exercise’ to save one of his trust’s financial health. The Income Tax department has withdrawn charitable status enjoyed by Ramdev’s Divya Yog Mandir Trust, based in hilly Haridwar district of Uttarakhand, to raise a ...
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Income Tax |
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0 | Hits : 1167
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Revised Draft CA Training Guide for Comments - ICAI
Posted Date : 12-Apr-2013 , 09:35:06 pm | Posted By CASANSAAR
April 12, 2013
In view of the amendments to Chartered Accountants Regulations, 1988, practical Training Guide for Articled/ Audit Assistants has been revised. Students, Members and other Stakeholders are requested to offer their comments, if any. While submitting, you are required to stat...
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Students Zone |
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Now, file RTI applications and pay fees online
Posted Date : 12-Apr-2013 , 07:58:31 pm | Posted By CASANSAAR
In a step towards greater transparency, the government has started a unique facility of submitting RTI applications and fees online.
The portal -- www.rtionline.gov.in -- has been created with an aim to help people exercise their right to seek information through online medium, sa...
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General |
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0 | Hits : 1666
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Age factor of senior members of ICAI reduced from 65 to 60 years for subsidized annual membership fees
Posted Date : 12-Apr-2013 , 06:56:39 pm | Posted By CASANSAAR
Age factor of senior members of ICAI reduced from 65 to 60 years for subsidized annual membership fees.
...
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ICAI |
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0 | Hits : 1523
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Government will sell Rs. 30,000 crore in debt quotas to foreign investors
Posted Date : 12-Apr-2013 , 03:00:36 pm | Posted By CASANSAAR
The government will auction Rs. 29,108 crore in government debt to foreign investors on April 22, according to the website of market regulator Securities and Exchange Board of India (SEBI).
This will mark the first auction since India simplified restrictions for foreign investment i...
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International Business |
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0 | Hits : 769
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Airtel asked to pay Rs 80 crore service tax dues
Posted Date : 12-Apr-2013 , 08:55:53 am | Posted By CASANSAAR
Telecom major Bharti Airtel has been asked to pay Rs 80 crore as service tax under a Customs, Excise and Service Tax Appellate Tribunal (CESTAT) order issued on Thursday.
According to the order, the telecom company has to pay the amount for period up to 2009 with regard to the free telephon...
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Service Tax |
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0 | Hits : 789
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Address for Sending/Making Request/Correspondence Relating to Examinatinon Matters - ICAI
Posted Date : 11-Apr-2013 , 07:58:32 pm | Posted By CASANSAAR
April 10, 2013
It is hereby brought to the notice of the examinees and other stakeholders of the Chartered Accountants Examination that any request/correspondence relating to any examination matters be sent/made at the following address necessarily by the examinee himself/herself. ...
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Students Zone |
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0 | Hits : 909
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Cobrapost expose: RBI initiating action against ICICI Bank, HDFC Bank and Axis Bank
Posted Date : 11-Apr-2013 , 05:17:48 pm | Posted By CASANSAAR
Reserve Bank Deputy Governor H R Khan today said the RBI is initiating action against ICICI Bank, HDFC Bank and Axis Bank in connection with allegations of money laundering by Cobrapost. "Actions are on the way. Scrutiny has been done, actions is bei...
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RBI |
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Google pays $100 mn to Indian-American Neal Mohan to keep him from Twitter
Posted Date : 11-Apr-2013 , 12:09:20 pm | Posted By CASANSAAR
Google has paid a staggering bonus of $100 million to Indian-American executive Neal Mohan, just to keep him from accepting a job at Twitter.
Mohan is the man in charge of display ads for Google. He launched and developed the company’s approach and execution for that side of Google&rs...
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Income Tax |
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0 | Hits : 1170
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High court exempts buses hired by road transport corporation from paying service tax
Posted Date : 11-Apr-2013 , 09:07:49 am | Posted By CASANSAAR
A two-judge bench of the AP high court on Tuesday stayed the collection ofservice tax from private buses hired by AP State Road Transport Corporation (APSRTC), the state-owned carrier.
The bench comprising Justice G Rohini and Justice C Praveen Kumar made the interim order after hearin...
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Service Tax |
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Former DIG, his CA get five years' jail term in bribery case
Posted Date : 11-Apr-2013 , 09:06:18 am | Posted By CASANSAAR
A former Deputy Inspector General of Police was on Wednesday sentenced to five years' imprisonment by the special Anti-Corruption Bureau (ACB) court here for taking bribe from a junior officer for protecting him in a departmental inquiry.
"The special court has convicted A K Jain, the then DI...
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General |
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0 | Hits : 1422
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Invitation of Expression of Interest (EOI) for Developing E-learning Modules on Ind AS
Posted Date : 10-Apr-2013 , 08:45:07 pm | Posted By CASANSAAR
1. Preamble and Introduction
About Ind AS (IFRS) Implementation Committee
Ind AS (IFRS) Implementation Committee (hereinafter referred to as ‘Committee’) is anon-standing Committee constituted by the Institute of Chartered Accountants of India(hereinafter referred to as ‘...
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ICAI |
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0 | Hits : 932
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Shri Sachin Pilot Directs Expeditious Distribution of Rs 3,270 Crore, Realized from the Assets of Defunct Companies, to Claimants
Posted Date : 10-Apr-2013 , 08:35:41 pm | Posted By CASANSAAR
Corporate Affairs Minister ShRI Sachin Pilot took a meeting of the Official Liquidators (OLs) attached with different High Courts here yesterday to take stock of their work relating to dissolution and winding up of companies. It was observed that there were 4,988 companies awaiting dissolution ...
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Corporate Law |
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0 | Hits : 768
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Money laundering case: RBI assures House panel of action
Posted Date : 10-Apr-2013 , 07:59:32 am | Posted By CASANSAAR
Reserve Bank of India (RBI) Governor D Subbarao has assured Parliament standing committee on finance that it will take stern action against banks that allegedly facilitated money laundering, the panel's head, Yashwant Sinha, on Tuesday said.
"The committee has asked the RBI governor to take stern a...
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RBI |
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0 | Hits : 957
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After Nokia India tax case, I-T net may be cast on parent
Posted Date : 10-Apr-2013 , 07:53:44 am | Posted By CASANSAAR
With the Delhi High Court expected to hear the case of an earlier tax notice of Rs 2,500 crore on cellphone maker Nokia, the income tax (I-T) department seems to be readying another notice for the company, a television channel reported.
The notice will be for the failure to pay tax on royalty...
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Income Tax |
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0 | Hits : 829
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Direct Entry Scheme - Requirements for commencement of practical training and Eligibility criteria for appearing in the Intermediate (IPC) Examination
Posted Date : 09-Apr-2013 , 07:02:55 pm | Posted By CASANSAAR
In order to give overall information to the students who have registered for the Intermediate (Integrated Professional Competence)Course under Direct Entry Scheme and their eligibility to commence practical training and eligibility to appearing in the Intermediate(Integrated Professional Competence)...
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Students Zone |
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0 | Hits : 1252
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Guidance Note on Report Under Section 92E of the Income Tax Act, 1961 (Transfer Pricing) - ICAI
Posted Date : 09-Apr-2013 , 07:00:49 pm | Posted By CASANSAAR
Dear Members,It gives me immense pleasure to inform you that ICAI has recently released the Guidance Note on Report Under Section 92E of the Income Tax Act, 1961 (Transfer Pricing). The law relating to transfer pricing is dynamic and the members of the Institute are getting acquainted with the pract...
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ICAI |
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