ICAI, CWC ink MoU for training students in warehousing techniques
Posted Date : 09-Apr-2013 , 08:20:55 am | Posted By CASANSAAR
The Institute of Cost Accountants of India (ICAI) and the Central Warehousing Corporation (CWC) have inked a Memorandum of Understanding (MoU) earlier this week underwhich ICAI students will receive training in warehousing practices from CWC staff.
A ICAI release said that the training impa...
Continue Reading...
Category :
ICWAI |
Comments :
0 | Hits : 1186
|
 |
RBI set to comb spike in bad loans
Posted Date : 09-Apr-2013 , 08:15:44 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) is likely to look into the mechanism used by banks to identify non-performing assets, as the overall level of bad loans in the banking industry has steadily risen in the last financial year. The Institute of Chartered Accountants of India (ICAI) in a recent meeting wi...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 854
|
|
Revised Format of Bank and Bank Branch Audit Report Formats
Posted Date : 09-Apr-2013 , 07:59:56 am | Posted By CASANSAAR
As the members undertaking bank central and/ or branch audits of nationalized banks are aware, the Institute of Chartered Accountants of India has prescribed the illustrative formats of audit reports of banks as well as bank branches, which are in line with the requirements of the RevisedS...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1407
|
|
ICAI are planing for 24X7 television channel to expand reach
Posted Date : 08-Apr-2013 , 10:18:58 pm | Posted By CASANSAAR
In an unique move, the Institute of Chartered Accountants of India (ICAI), a professional body which conducts the chartered accountancy course in the country, is planning to launch its own 24X7 TV channel to expand reach.
“This will be a unique move as the channel will help the studen...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1268
|
|
Three independent Directors quit Sahara boards
Posted Date : 08-Apr-2013 , 05:29:31 pm | Posted By CASANSAAR
Amid a fierce regulatory battle with capital markets watchdog Sebi, diversified conglomerate Sahara group has seen three independent members exiting from the boards of its various companies.
Those having relinquished their association with Sahara group include RBI's former Deputy Governor Amitabha ...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 815
|
|
Good corporate governance key to sustaining business: ICAI
Posted Date : 08-Apr-2013 , 10:03:46 am | Posted By CASANSAAR
The Institute of Cost Accountants of India (ICAI) in association with the National Foundation for Corporate Governance (NFCG) has said pursuing good corporate governance practices is indispensable for sustaining any business which is generating long term value for all of its stakeholders.
A...
Continue Reading...
Category :
ICWAI |
Comments :
0 | Hits : 974
|
|
FinMin mulls new intel wing to check service tax evasion
Posted Date : 07-Apr-2013 , 10:50:46 pm | Posted By CASANSAAR
Concerned over mounting cases of service tax evasion, the Government is mulling to create a separate intelligence unit to check the menace and stop leakage of revenue.
The proposed Directorate of Anti Evasion to check service tax evasion is likely to be set up by the Finance Ministry close ...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 817
|
|
I-T Act to be amended once Vodafone tax dispute resolved: FM
Posted Date : 07-Apr-2013 , 10:46:13 pm | Posted By CASANSAAR
Finance Minister P Chidambaram today said the government will amend the Income Tax Act once the over Rs 11,200 tax dispute with Vodafone is resolved.
The Minister said, however, that such an amendment was unlikely in the ongoing Budget Session.
"An amendment to the I-T act is necessary. The questi...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 827
|
|
12 companies authorised to own, operate ATMs, says RBI official
Posted Date : 07-Apr-2013 , 08:38:43 am | Posted By CASANSAAR
The Reserve bank of India has given in-principle approval to seven companies to roll out White Label ATMs last month.
White Label ATM (WLA) operator is a non-bank entity which can set up, own and operate an automated teller machine (ATM) as extended delivery channels. The RBI gave final gui...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 943
|
|
DISA Members allowed to conduct Annual Systems Audit of BSE Stock Brokers
Posted Date : 06-Apr-2013 , 04:11:04 pm | Posted By CASANSAAR
BSE, vide its Notice No 20130405-5 dated 05 Apr 2013, has clarified that DISA Qualified members are also eligible to conduct Annual Systems Audit of trading members who have availed of the IML/ Internet facility from the Exchange.
Official Notification&nbs...
Continue Reading...
Category :
Auditing |
Comments :
0 | Hits : 1048
|
|
Govt releases latest edition of consolidated FDI policy
Posted Date : 06-Apr-2013 , 03:07:25 pm | Posted By CASANSAAR
The Department of Industrial Policy and Promotion (DIPP) today released the latest edition of consolidated FDI policy incorporating the changes made in the regulations over the past one year.
The DIPP is the nodal agency on FDI related matters. With a view to make Indias FDI regime simple and easy ...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 751
|
|
Infosys' S Gopalakrishnan is the new CII President
Posted Date : 06-Apr-2013 , 12:33:16 pm | Posted By CASANSAAR
S. Gopalakrishnan (Kris), co-founder and executive co-chairman, Infosys Technologies Limited, has been elected as the President of CII for the year 2013-14. He succeeds Mr Adi Godrej as the new President. S. Gopalakrishnan along with Mr N.R. Narayana Murthy&nb...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 687
|
|
RBI likely to penalise top 3 private banks
Posted Date : 06-Apr-2013 , 08:02:48 am | Posted By CASANSAAR
Lapses in adherence to the know-your-customer guidelines and sales staff encouraging customers to buy gold, mutual fund and insurance products in cash are believed to be among the findings of a central bank scrutiny of India’s top three private sector banks.
Based on the findings of t...
Continue Reading...
Category :
RBI |
Comments :
1 | Hits : 1365
|
|
I-T department slaps Rs 3900 crore tax order on A V Birla Group companies
Posted Date : 06-Apr-2013 , 07:56:45 am | Posted By CASANSAAR
In a major setback to the AV Birla Group, theincome tax department has turned the heat on two group entities, Idea Cellular and Aditya Birla Telecom Limited(ABTL), slapping a tax demand of nearly Rs 4000 crores on a telecom business de-merger executed in 2009, three sources ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 859
|
|
ICSI National Awards for Excellence in Corporate Governance - 2012
Posted Date : 05-Apr-2013 , 09:26:19 pm | Posted By CASANSAAR
Chairman of the Awards Jury of the ICSI (Institute of Company Secretaries of India) and former Chief Justice of India ShriJustice M. N. Venkatachaliah here today presented the ‘ICSI National Awards for Excellence in Corporate Governance -2012’ to two ‘Best Gove...
Continue Reading...
Category :
ICSI |
Comments :
0 | Hits : 818
|
|
Zone-shifting of candidates for May - 2013 CA Exams.
Posted Date : 05-Apr-2013 , 09:22:22 pm | Posted By CASANSAAR
IMPORTANT ANNOUNCEMENT
April 5th, 2013
Subject: Zone-shifting of candidates for May - 2013 CA Exams
Due to paucity of accommodation in some Zones opted by the candidates in the cities of Chennai, Indore and Mumbai some of the candidates have been allotted examinations centres ...
Continue Reading...
Category :
Students Zone |
Comments :
0 | Hits : 1078
|
|
Competition Commission of India - Amendments to the Combination Regulations
Posted Date : 05-Apr-2013 , 09:20:05 pm | Posted By CASANSAAR
The Competition Commission of India (CCI) has amended the Combination Regulations with a view to further simplify the filing requirements and bring about greater certainty in the application of the Act and the Regulations. The provisions of the Competition Act, 2002 (“Act”) relating...
Continue Reading...
Category :
General |
Comments :
1 | Hits : 771
|
|
Companies Need to Look Beyond Shareholder Value And Make Sustainability a Core Driver of their Strategy
Posted Date : 05-Apr-2013 , 09:14:16 pm | Posted By CASANSAAR
Shri Sachin Pilot, Minister of Corporate Affairs, inaugurated the two-day 2nd CSIA (Corporate Secretaries International Association) International Corporate Governance Conference on the theme ‘Corporate Governance for Sustaining Prosperity and Posterity.’ Addressing the delegates from ac...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 723
|
|
CAs to soon offer free auditing services
Posted Date : 05-Apr-2013 , 06:43:07 am | Posted By CASANSAAR
The call for Corporate Social Responsibility (CSR) by the corporate affairs ministry has turned into a Professional Social Responsibility (PSR) for lakhs of Chartered Accountants (CAs) who may soon provide free auditing and accounting services in the country.
Institute of Chartered Accounta...
Continue Reading...
Category :
ICAI |
Comments :
1 | Hits : 3151
|
|
Indian Railways to open all services for service tax registration
Posted Date : 05-Apr-2013 , 06:38:37 am | Posted By CASANSAAR
This was something that the country's largest employer had been reluctant to do ever Lalu Prasad took over as its boss. But the Indian Railways has now relented and has agreed to open services other than ticketing, that are offered by its various arms, to service tax.
The Central Railway and Wester...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 941
|
|
Download online ICAI Admit Card for May 2013 examination
Posted Date : 04-Apr-2013 , 05:42:07 pm | Posted By CASANSAAR
ICAI conducts various...
Continue Reading...
Category :
Students Zone |
Comments :
0 | Hits : 10281
|
|
612 Indians including 2 MPs have shell companies in tax havens: report
Posted Date : 04-Apr-2013 , 04:54:12 pm | Posted By CASANSAAR
International Consortium of Investigative Journalists (ICIJ), in collaboration with 38 media organisations across the world, including Indian Express, has revealed that there are 612 Indians who have shell companies in tax havens.
The list includes two MPs - Kingfisher group owner Vijay Mal...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 930
|
|
Ludhiana Assistant IT Commissioner, Jalandhar CA, caught in bribery case
Posted Date : 04-Apr-2013 , 09:00:01 am | Posted By CASANSAAR
The CBI on Wednesday allegedly caught red-handed a deputy commissioner of the Ludhiana Income Tax (I-T) department accepting a bribe of Rs 6 lakh from a businessman. The agency's anti-corruption branch also picked up a Jalandhar-based chartered accountant (CA) Ashwani Kumar Gupta for allegedly actin...
Continue Reading...
Category :
ICAI |
Comments :
1 | Hits : 3433
|
|
Service Tax Amendments by FA 2012 Applicable for CA IPC May & Nov,13 Exams
Posted Date : 04-Apr-2013 , 08:48:10 am | Posted By CASANSAAR
Announcement for Intermediate(Integrated Professional Competence) Examinationapplicable from May 2013Examination onwards: Paper-4: Taxation (Part II: Service Tax & VAT). – (01-04-2013)
Paper 4: Taxation (Part II: Service Tax and VAT)
Ser...
Continue Reading...
Category :
Students Zone |
Comments :
0 | Hits : 1359
|
|
Rs 2,300 Cr lost in sales tax, VAT
Posted Date : 04-Apr-2013 , 08:44:14 am | Posted By CASANSAAR
The CAG has pointed out serious deficiencies in tax collection by the state. The assessment of sales and value added taxes has shown irregularities in the exemption claims. These trouble spots have caused a loss of over Rs 2,300 crore to the exchequer in 2011-12.
The auditor also as...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 859
|
|
CBI, income tax team start examining Radia tapes
Posted Date : 04-Apr-2013 , 08:41:41 am | Posted By CASANSAAR
The team, headed by a Deputy Inspector General-rank officer, have started the process of going through the tapes and its transcripts running into 49 volumes last week as per the directions of Supreme Court in February this year, official sources said.
A six-member CBI and Income Tax team ha...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 648
|
|
RBI to UCBs: Grant unsecured loans up to 25 pc of assests
Posted Date : 04-Apr-2013 , 08:25:14 am | Posted By CASANSAAR
To promote lending to priority sectors, the Reserve Bank today allowed urban co-operative banks (UCBs) to grant unsecured loans up to 25 per cent of their assets if certain conditions are met.
"In order to promote lending to priority sectors and to provide impetus to the objective of financial...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 726
|
|
FAQs on ST3 return for July-September 2012
Posted Date : 03-Apr-2013 , 09:15:44 am | Posted By CASANSAAR
I got ST registration on/after 01.07.2012 with the service description, ‘Other Than in the Negative List’. Can I file the return now?
Assessees registered / amended their registration on or after 01.07.2012 with the service description, ”All Taxable Services &n...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 2502
|
|
ICAI seeks information from banks on Deccan Chronicle but no letters to Auditors of the Co.
Posted Date : 03-Apr-2013 , 08:54:10 am | Posted By CASANSAAR
Accounting regulator ICAI said it has sought information from banks regarding media group Deccan Chronicle Holdings Ltd (DCHL). "We have written to the appropriate authority to get information... We have written to banks regarding Deccan Chronicle (issue)," Institute of ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1038
|
|
I.Tax dept wants to count your Cash
Posted Date : 03-Apr-2013 , 08:44:42 am | Posted By CASANSAAR
Now, keeping cash more than Rs 50,000 with you may draw the attention of the Income Tax Department. In the new forms for income tax returns, the government may ask non-salaried individuals to declare in-hand cash of more than Rs 50,000.
The department may also seek the details of vehicles, aircraft...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1253
|
|
|
