Postponement of CA Examination scheduled on 4th & 5th May 2013 in the State of Karnataka
Posted Date : 26-Mar-2013 , 06:31:07 pm | Posted By CASANSAAR
No.13-CA(Exam)/M/2013/II: In partial modification of the Institute’s Notification No. 13-CA(Exam)/M/2013 dated 19th December, 2012, it is notified for general information that in view ofthe Election to the Karnataka State Legislative Assembly, Group – 1, Paper 2, Strategic FinancialManag...
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Income Tax |
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Exposure Draft Financial Instruments: Expected Credit Losses (Last date for sending comments: April 30, 2013)
Posted Date : 26-Mar-2013 , 06:17:16 pm | Posted By CASANSAAR
The main objective in developing this proposal is to provide users of financial statements with more useful information about the expected credit losses on financial assets and on commitments to extend credit. This objective is addressed through the proposed model, which provides information about e...
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ICAI |
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Government Approves 6 Proposals of Foreign Direct Investment Amounting to Rs. 732.77 Crore Approximately
Posted Date : 26-Mar-2013 , 03:03:16 pm | Posted By CASANSAAR
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on March 6, 2013, the Government has approved six (6) Proposals of Foreign Direct Investment (FDI) amounting toRs.732.77 croreapproximately.
Details of Proposals considered in the Foreig...
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International Business |
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Service Tax NEW ST-3 for July to September 2012 made Available
Posted Date : 26-Mar-2013 , 11:35:51 am | Posted By CASANSAAR
Modified version of the Service Tax Return (ST-3) for the quarter July-September, 2012 is now available for uploading to ACES . Only offline version is available and there is no online version.
The utility needs to be downloaded afresh from ‘DOWNLOADS’ section of ACES ...
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Service Tax |
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Bankwise List of CA firms Approved for Statutory Bank Branch Audit for FY 2012-13
Posted Date : 26-Mar-2013 , 08:29:11 am | Posted By CASANSAAR
Plz find below the Bank wise list of CA firms which are approved / Empaneled for Statutory Branch Audit for Financial Year 2012-13. Plz click on any bank which you want to check.
Public Sector Banks – 2012-13
Allahabad Bank
Andhra Bank
Bank o...
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Auditing |
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Tech Mahindra extends merger with Mah Satyam by 6 months
Posted Date : 26-Mar-2013 , 08:28:53 am | Posted By CASANSAAR
With various hurdles, including legal ones, hampering its merger with Tech Mahindra, the board of Satyam Computer Serviceshas extended the validity of the scheme of amalgamation by six months till September 30.
Bombay High Court has already approved the scheme, but the Andhra Pradesh High C...
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Income Tax |
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Loans to PPP infra projects to be treated as secure loans: RBI
Posted Date : 26-Mar-2013 , 08:13:03 am | Posted By CASANSAAR
Gujarat, Madhya Pradesh, Bihar and Karnataka, the states that are pulling out all stops to increase infrastructure investment especially in the roads, ports and some categories of the power sector, are likely to be the most immediate political beneficiaries of a purely economic move by the Reserve B...
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RBI |
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Dry coconut is now
Posted Date : 26-Mar-2013 , 08:04:47 am | Posted By CASANSAAR
Days ahead of the ruling alliance MLAs heading to Goa for their chintan shivir comes a bonanza for coconut-lovers in Punjab. The feisty arguments of former BJP minister Manoranjan Kalia that dry coconut also be treated as a fruit not dry fruit led to Punjab Finance Minister Parminder Singh Dhindsa a...
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VAT |
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Addl Income Tax Commissioner trapped accepting Rs 30 lakh bribe: CBI
Posted Date : 26-Mar-2013 , 08:03:05 am | Posted By CASANSAAR
An Additional Income Tax Commissioner in Gandhinagar was today caught by the Central Bureau of Investigation (CBI) for allegedly demanding and accepting a bribe of Rs 30 lakh.
"C S Bharti, IRS 1994 batch, Additional Commissioner, Income tax, Gandhinagar was trapped this evening for demand a...
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Income Tax |
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Revision of Interest Rates for Small Savings Schemes With Effect from 1ST APRIL,2013
Posted Date : 25-Mar-2013 , 10:05:11 pm | Posted By CASANSAAR
Based on the decisions taken by the Government on the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), the interest rates for small saving schemes are to be notified every financial year, before 1st April of that year. Accordingl...
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Finance |
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Competition Commission of India Nominated for Global Competition Review Awards 2013
Posted Date : 25-Mar-2013 , 09:56:43 pm | Posted By CASANSAAR
The Competition Commission of India (CCI) has been nominated for ‘Global Competition Review (GCR) Awards 2013’ under the category of “Agency of the Year-Asia-Pacific, Middle East & Africa”. It is very first time that the CCI has been nominated for this internationally pre...
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Corporate Law |
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Income Tax department to send letters to non-filers
Posted Date : 25-Mar-2013 , 04:46:38 pm | Posted By CASANSAAR
Encouraged by the earlier results the Finance Ministry on Monday said it will continue to send letters to assessees who do not file income tax return.
“We have been sending letters. We are getting results. The number of returns filed has been showing an increase. We intend to continue with th...
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Income Tax |
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0 | Hits : 991
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Announcement regarding Expert Panel for Addressing Bank Branch Audit Related Queries for the Financial Year 2012-13
Posted Date : 25-Mar-2013 , 02:52:37 pm | Posted By CASANSAAR
The bank audit season is around the corner. Given the fact that the banking industry is typical in terms of its geographical and customer spread, the volume and varied nature of products and services offered, coupled with the strict constraints for completing the audits, the members, many a ...
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Auditing |
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Government cuts Rates on Public Provident Fund, National Savings Certificate
Posted Date : 25-Mar-2013 , 12:27:28 pm | Posted By CASANSAAR
The government has cut the interest rates on Public Provident Fund (PPF) and National Savings Certificates (NSC), but has left the rates on savings deposits and one-year time deposits unchanged, the Finance Ministry said.
While the rate on PPF has been cut to 8.7 per cent from 8.8 per cent, the 10-...
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Income Tax |
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Realtors under Sebi scanner for fraudulent investment schemes
Posted Date : 25-Mar-2013 , 08:07:51 am | Posted By CASANSAAR
Suspecting investor frauds in the projects being launched by numerous real estate developers, capital markets regulator Securities and Exchange Board of India (Sebi) is probing them for possible violations of collective investment scheme (CIS) regulations.
A CIS entity typically raises funds from t...
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SEBI |
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HC order has simplified getting tax refunds
Posted Date : 25-Mar-2013 , 08:01:19 am | Posted By CASANSAAR
Worried about a demand notice from the Income Tax (I-T) department under section 245 of the I-T Act, even after tax has been deducted at source from your salary? Relax. It is no longer tough to sort out the matter, thanks to a recent order of the Delhi High Court.
It is not unusal for a per...
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Income Tax |
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Two Ambani groups lose Rs 20,000 cr market value in a week
Posted Date : 24-Mar-2013 , 05:17:13 pm | Posted By CASANSAAR
Amid an intense selling pressure in the stock market, the two Reliance groups headed by Mukesh and Anil Ambani have seen their respective market values skid by about Rs 10,000 crore each in a week's time.
With two listed companies, the Mukesh Ambani-led Reliance Industries group saw its mar...
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Shares & Stock |
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Corporate misdoings due to multiple regulators: Sachin Pilot
Posted Date : 24-Mar-2013 , 08:11:09 am | Posted By CASANSAAR
Corporate and financial misdoings are mainly the consequences of multiple regulators that do not have their work defined, Corporate Affairs Minister Sachin Pilot said on Saturday.
"There are multiple regulators. Their scope of work is not clearly defined. People misuse the unregulated areas," Pilot...
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Corporate Law |
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0 | Hits : 869
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Govt eases norms to attract foreign investors
Posted Date : 24-Mar-2013 , 08:04:46 am | Posted By CASANSAAR
The government on Saturday announced simplification of removal of norms for foreign institutional investors (FIIs) to invest in government and corporate bonds, in its latest attempt to woo overseas investors to finance the widening current account deficit.
The move, which will be applic...
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International Business |
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Securities Appellate Tribunal will hear the Sahara-Sebi case in Delhi
Posted Date : 23-Mar-2013 , 08:12:43 pm | Posted By CASANSAAR
The Securities Appellate Tribunal ( SAT) on Saturday adjourned the hearing of billionaire Subrata Roy Sahara's appeal against capital market regulatorSecurities and Exchange Board of India (Sebi) regarding freezing his personal accounts to 26 March. The tribunal will hear the case at Sasht...
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SEBI |
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Super-regulator for financial sector mooted
Posted Date : 23-Mar-2013 , 05:26:20 pm | Posted By CASANSAAR
A government-appointed panel on Friday proposed a unified regulator for markets, insurance, commodities and pensions. It proposed to keep banking out of its purview, but only temporarily.
The panel, whose proposals could change the financial landscape of India, also suggested five additio...
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Finance |
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Basel III norms for Indian banks from April 1: RBI
Posted Date : 23-Mar-2013 , 12:55:29 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) will soon issue a notification for the implementation of the Basel III capita l regulations by Indian banks from April 1, central bank governor D. Subbarao said on Friday.
"We are going to issue a notification next week for banks to implement the Basel III ...
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Banking |
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Off-balance-sheet exposure not part of priority sector lending: RBI
Posted Date : 23-Mar-2013 , 08:40:11 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Friday asked banks not to include their contingent liabilities and off-balance-sheet items while calculating the so-called priority sector target.
Banks are required to make 40% of their loans to the so-called priority sector. This includes agriculture, expo...
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RBI |
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BCCI chief N Srinivasan in CBI net for alleged tax evasion on imported cars
Posted Date : 23-Mar-2013 , 08:37:05 am | Posted By CASANSAAR
The CBI on Friday seized 11 cars belonging to BCCI chief and India Cements promoter N Srinivasan as part of its ongoing raids in Chennai, sources said. The sources added that Srinivasan had evaded paying tax on the imported cars.
Apart from Srinivasan, the CBI also raided the residences of ...
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Custom |
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Diesel price hiked again by 45 paisa with effect from midnight tonight
Posted Date : 22-Mar-2013 , 08:44:35 pm | Posted By CASANSAAR
Diesel price was on Friday hiked by 45 paisa per litre, the third increase in the rate of nation's most consumed fuel since January.
Diesel price will be hiked by 45 paisa, excluding VAT, from midnight tonight, Indian Oil Corp (IOC), the nation's largest oil firm, announced.
In D...
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General |
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Tax authorities going slow in releasing refund and Cenvat credit
Posted Date : 22-Mar-2013 , 06:36:51 pm | Posted By CASANSAAR
In a major revenue drive, the tax authorities across the board are going slow on releasing tax refund and in granting utilisation of Cenvat credit.
According to official sources, tax revenue boards - Central Board off Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC) have directed ...
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Excise |
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Govt approves 12 FDI proposals worth over Rs 2,609 crore
Posted Date : 22-Mar-2013 , 05:31:45 pm | Posted By CASANSAAR
The government on Friday said it has approved 12 FDI proposals, including that of pharma firm Claris Otsuka, totalling over Rs 2,609 crore.
The foreign investment promotion board (FIPB) headed by economic affairs secretary Arvind Mayaram, also cleared the proposal of Decat...
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Finance |
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Government to regulate foreign companies having online operations in India
Posted Date : 22-Mar-2013 , 08:31:36 am | Posted By CASANSAAR
The government has brought under theCompanies Act foreign companies that operate in the electronic mode but are not registered in India so as to safeguard consumer interest. The move comes against the backdrop of certain foreign entities conducting online activities in India without gettin...
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Corporate Law |
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0 | Hits : 821
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Income Tax e-Filing Call Center will function 24/7 on all days during March 2013
Posted Date : 22-Mar-2013 , 08:30:43 am | Posted By CASANSAAR
The e-Filing Call Center (Toll Free – 1800 4250 0025) will be functioning 24/7(Including Saturday and Sunday), during the month of March 2013....
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Income Tax |
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0 | Hits : 842
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Sebi asks companies to use electronic mode for making cash payments
Posted Date : 22-Mar-2013 , 08:25:21 am | Posted By CASANSAAR
Market regulator Securities and Exchange Board of India (Sebi) has asked all listed companies to use electronic mode for making cash payments to investors, a move that would help check misuse of funds.
The Sebi in a circular said that listed companies can utilise electronic payment modes approved b...
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SEBI |
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