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 The Income Tax department has withdrawn charitable status enjoyed by Ramdev’s Divya Yog Mandir Trust, based in hilly Haridwar district of Uttarakhand, to raise a ...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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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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1 | Hits : 1800
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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 : 1697
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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 : 1532
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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 : 784
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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 : 806
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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 : 919
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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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0 | Hits : 1081
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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 : 1191
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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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0 | Hits : 994
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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 : 1430
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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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Category :
ICAI |
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0 | Hits : 940
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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 : 805
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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 : 965
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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 : 838
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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 : 1272
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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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0 | Hits : 1223
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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...
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ICWAI |
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0 | Hits : 1206
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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...
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RBI |
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0 | Hits : 863
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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...
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ICAI |
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0 | Hits : 1430
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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...
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ICAI |
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0 | Hits : 1281
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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 ...
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General |
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0 | Hits : 824
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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...
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ICWAI |
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0 | Hits : 993
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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 ...
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Category :
Service Tax |
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0 | Hits : 828
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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...
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Category :
Income Tax |
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0 | Hits : 843
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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...
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RBI |
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0 | Hits : 962
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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...
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Category :
Auditing |
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0 | Hits : 1054
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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 ...
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Category :
Finance |
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0 | Hits : 765
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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...
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General |
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0 | Hits : 697
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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...
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Category :
RBI |
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1 | Hits : 1375
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