GET free of cost 10 unstructured CPE hours on a Self declaration
Posted Date : 19-Jan-2013 , 11:35:41 am | Posted By CASANSAAR
You can get 10 CPE hours after sending a self declaration on prescribed format on the following address:-
To, The Secretary (CPE Committee) The Institute of Chartered Accountants of India, ICAI Bhawan, Indraprastha Marg New Delhi - 110 002
Last date of sending Self Declaration is 31st. Ma...
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ICAI |
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Personal appearance for FEMA related cases optional: RBI
Posted Date : 19-Jan-2013 , 09:01:56 am | Posted By CASANSAAR
The Reserve Bank Friday said personal appearance before the compounding authority in FEMA cases is not mandatory and has no bearing on the penalty imposed.
"... Appearing for a personal hearing before the compounding authority is optional and the applicant can choose not to appear for it," RBI said...
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RBI |
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0 | Hits : 810
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Sebi relaxes margin requirement under OFS
Posted Date : 18-Jan-2013 , 08:04:59 pm | Posted By CASANSAAR
Capital market regulator Securities and Exchange Board of India (Sebi) today made further relaxation to the offer for sale (OFS) route by giving an option to institutional investors to bid without 100 upfront payments.
Along with the complete upfront margin, institutions will now be able to...
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SEBI |
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0 | Hits : 731
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Sensex closes above 20,000, hits fresh 2-year high
Posted Date : 18-Jan-2013 , 04:33:01 pm | Posted By CASANSAAR
Indian shares ended at fresh two-year high with 30-share index, Sensex notching key 20,000 resistance levels on Friday led by overseas inflows into the riskier assets.
Risk appetite surged after government partially deregulated diesel prices yesterday followed by upbeat economic...
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Shares & Stock |
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0 | Hits : 645
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ICAI to start one year ASAP course to prepare trained skilled manpower for tax filings
Posted Date : 18-Jan-2013 , 02:30:50 pm | Posted By CASANSAAR
Institute of Cost Accountants of India(ICAI) will start a short term one year course to prepare trained skilled persons for online tax filings for income tax, service tax and other taxes. It will start offering the course in Kerala next month and eventually inHimachal Pradesh, Uttar P...
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ICWAI |
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0 | Hits : 1578
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Sebi directs cos to comply with ESOP norms by June
Posted Date : 18-Jan-2013 , 08:24:07 am | Posted By CASANSAAR
Sebi on Thursday asked listed companies to comply with new norms that bar employee welfare schemes and trusts from purchasing the shares of their own firms from the secondary market, by June 30.
The move is aimed at preventing possible manipulation in trading of shares by companies. In Augu...
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SEBI |
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0 | Hits : 725
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Tax evasion of over Rs 2,600 crore detected
Posted Date : 18-Jan-2013 , 08:21:53 am | Posted By CASANSAAR
Revenue and excise intelligence officials have detected Rs 2,600-crore tax and duty evasion in the quarter to December. Data released by the Directorate General of Central Excise Intelligence (DGCEI) and the Directorate General of Revenue Intelligence (DRI), agencies under the finance ministry's rev...
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Income Tax |
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0 | Hits : 982
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Diesel price hiked by 45 paise; petrol price cut by 25 paise
Posted Date : 18-Jan-2013 , 08:19:25 am | Posted By CASANSAAR
Barely hours after the government permitted oil marketing companies to set diesel prices, the retailers increased the price of the fuel.
Oil companies hiked the price of diesel by 45 paise excluding taxes effective today, Indian Oil said in an official statement. The good news -- pet...
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General |
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0 | Hits : 717
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Software firms will continue to get benefits under I-T Act, assures tax body
Posted Date : 17-Jan-2013 , 08:16:36 pm | Posted By CASANSAAR
Seeking to remove apprehensions of the software industry, Finance Ministry today clarified that domestic and overseas software developers would continue to get tax benefits under the Income Tax Act.
The clarifications, which come ahead of Finance Minister P Chidambaram's visit to Hong Kon...
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Income Tax |
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0 | Hits : 808
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Clarification Regarding issues Relating to Export of Computer Software- Direct TAX Incentives
Posted Date : 17-Jan-2013 , 08:13:12 pm | Posted By CASANSAAR
ollowing is the text of the Statement made by the Chairperson, CBDT to the media here today: &nbs...
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Income Tax |
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0 | Hits : 701
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Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified
Posted Date : 17-Jan-2013 , 08:12:27 pm | Posted By CASANSAAR
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.1/2013-CUSTOMS (N.T.), dated the 3rd January, 2013 vide number S.O.37(E), ...
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Custom |
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0 | Hits : 890
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Sebi wants compulsory audit of key overseas subsidiaries of listed companies
Posted Date : 17-Jan-2013 , 09:11:21 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) may ask for a compulsory audit of the accounts of important overseas subsidiaries of Indian companies as fears of inflated profits and unreliable accounts grow in the wake of recent corporate scandals. The capital markets regulator may...
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Auditing |
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0 | Hits : 903
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Budget will outline amendments to Constitution on GST: FM
Posted Date : 16-Jan-2013 , 07:10:43 pm | Posted By CASANSAAR
Finance Minister P Chidambaram today said he would outline amendments to the Constitution on the Goods and Services Tax (GST) in his Budget speech if there is consensus among states on the issue.
At his pre-Budget consultations with Finance Ministers of states , he is understood t...
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Income Tax |
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0 | Hits : 802
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Former Haryana CM Chautala, his son, 53 others convicted in teachers' recruitment scam
Posted Date : 16-Jan-2013 , 02:18:42 pm | Posted By CASANSAAR
Former Haryana chief minister Om Prakash Chautala, his MLA son Ajay and 53 others were convicted on Wednesday by a court in New Delhi for the illegal recruitment of over 3000 junior basic trained (JBT) teachers in the state during his tenure. After the court pronounced its judgement, ...
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General |
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0 | Hits : 919
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FM holding pre-budget consultations with state Fin Mins; GST to figure prominently at meet
Posted Date : 16-Jan-2013 , 02:07:47 pm | Posted By CASANSAAR
Finance Minister P Chidambaram is holding pre-Budget consultations with State Finance Ministers today.The issue of proposed Goods and Services Tax is likely to figure prominently in the meeting as the Centre is keen on early implementation of the tax regime.
He will also meet representative...
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Income Tax |
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0 | Hits : 682
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Petrol price hiked by 35 paise
Posted Date : 16-Jan-2013 , 10:26:37 am | Posted By CASANSAAR
Petrol price was hiked Tuesday night by about 35 paise per litre in line with firming raw material cost. Petrol will cost Rs 67.56 per litre in Delhi with effect from midnight, industry sources said.
Prices vary from city to city due to differential local sales tax or VAT rates.
This is ...
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General |
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Tax evasion case: I-T dept summons Nokia auditors PWC
Posted Date : 16-Jan-2013 , 09:51:39 am | Posted By CASANSAAR
The income tax department has summoned senior officials of Nokia India Limitedand auditors from the multinational audit firmPrice Waterhouse and Company (PW&Co) to the Chennai I-T office later this week for clarifications in the aftermath of financial records seized in a raid...
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Income Tax |
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0 | Hits : 1463
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FinMin finalises norms for new bank licenses, sends to RBI
Posted Date : 16-Jan-2013 , 09:42:12 am | Posted By CASANSAAR
The finance ministry has finalised norms for new bank licenses and has sent its comments to the Reserve Bank of India (RBI). Sources say the finance ministry has asked the RBI to delete the clause prohibiting realty and stock broking firm promoters from applying for bank licence. The ministry s...
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Banking |
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0 | Hits : 866
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Tax-free bonds from Indian Railway Finance Corporation Ltd (IRFC)
Posted Date : 16-Jan-2013 , 09:36:25 am | Posted By CASANSAAR
Indian Railway Finance Corporation Ltd (IRFC) is launching a tax-free bond issue to raise Rs.8,886 crore to augment resources for buying rolling stock for the Indian railways.
As per Central Board of Direct Taxes (CBDT) notification, IRFC has been authorised to issue bonds up to Rs.10,000 c...
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Income Tax |
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0 | Hits : 1430
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Tax interest on club membership fee: SC
Posted Date : 16-Jan-2013 , 09:34:13 am | Posted By CASANSAAR
Socialising clubs serving memberships to organisations including banks on a fee kept as fixed deposit by the new entrants are liable to pay tax on the interest accrued on the deposits.
A Supreme Court ruling says tax is not exempted in case the arrangement between a club and member- banks l...
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Income Tax |
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0 | Hits : 784
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Four FDI Proposals Amounting to Rs. 1286.75 Crore Approved by FIPB
Posted Date : 15-Jan-2013 , 09:34:59 pm | Posted By CASANSAAR
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on December 31, 2012, the Central Government has approved four (04) proposals of Foreign Direct Investment (FD...
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Finance |
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0 | Hits : 781
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Now, 'Associated Persons' require certifications: Sebi
Posted Date : 15-Jan-2013 , 05:26:41 pm | Posted By CASANSAAR
Market regulator Sebi has notified new norms for 'associated persons' working as terminal users and sales personnel of brokers and other traders, making it mandatory for them to get necessary certifications to operate in the equity derivatives market. The term "associated p...
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SEBI |
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0 | Hits : 796
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Friction in ICAI top body over Nagpur land deal, Satyam issue
Posted Date : 15-Jan-2013 , 09:35:48 am | Posted By CASANSAAR
More skeletons tumbled out at the central council meeting of Institute of Chartered Accountants of India (ICAI) on January 11. The members at the helm of the governing body for the profession, which calls itself the 'financial watchdog', hurled charges at each other, alleging vested intere...
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ICAI |
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0 | Hits : 1554
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Mobile phone companies to seek written consent before activating value-added services
Posted Date : 15-Jan-2013 , 09:31:57 am | Posted By CASANSAAR
Mobile phone companies will have to seek written consent from consumers before activating value-added services such as caller tunes, cricket updates etc. All telcos would have to seek mandatory consent of a customer - through email, SMS, fax or in writing - before activating any VAS t...
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Finance |
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1 | Hits : 1144
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Bankers want RBI to allow interest on current accounts
Posted Date : 15-Jan-2013 , 09:25:23 am | Posted By CASANSAAR
Banks will ask the Reserve Bank of India to allow them to pay interest on current account deposits at tomorrow’s meeting, in the run up to the central bank’s monetary policy review.
Currently, banks don’t give interest on current accounts. Doing so, bankers believe, w...
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Banking |
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0 | Hits : 990
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Stock guru scam: CBI searches premises of I-T official
Posted Date : 14-Jan-2013 , 09:33:38 pm | Posted By CASANSAAR
The CBI today carried out searches at the office and residence of a deputy director at Income Tax in connection with allegations that search operations conducted by him in the probe of the Rs 500-crore Stock Guru scam were not genuine. A team of CBI officials searched the re...
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Income Tax |
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0 | Hits : 973
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Discontinuation of Professional Competence Examination (PCE) Reg.
Posted Date : 14-Jan-2013 , 02:39:11 pm | Posted By CASANSAAR
Important Announcement BoS/Announcement/227/13 January 7, 2013
Sub: Discontinuation of Professional Competence Examination (PCE) reg.
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As notified in the ‘Implementation Schedule’ on the Institute website, studentswho are pursuing Professional Competence ...
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Category :
Students Zone |
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0 | Hits : 1352
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Govt defers controversial GAAR norms to April 2016
Posted Date : 14-Jan-2013 , 02:32:11 pm | Posted By CASANSAAR
The General Anti-Avoidance Rules (GAAR), which will target companies and investors routing money through tax havens, had been scheduled to be implemented from April 2014. They will now come into effect from April 1, 2016.
Chidambaram said GAAR will not apply to foreign funds that are not ta...
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Category :
Income Tax |
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0 | Hits : 711
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ICAI tense over move to set up new watchdog
Posted Date : 14-Jan-2013 , 09:28:36 am | Posted By CASANSAAR
Aturf war is brewing in the accounting regulation space, currently governed by the Institute ofChartered Accountants of India (ICAI). A government plan to usurp the two big powers of ICAI — to set accounting standards and take disciplinary action against its 200,000 members...
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ICAI |
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0 | Hits : 2538
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PriceWaterhouseCoopers faces Income-Tax heat for role in Nokia tax issue
Posted Date : 14-Jan-2013 , 09:20:57 am | Posted By CASANSAAR
The role of the Indian arm of audit firmPricewaterhouseCoopers in relation to the alleged tax defaults by handset maker Nokia India is being probed by the taxman.
A senior income-tax official, who wished anonymity, told ET that PwC would be called for questioning soon. ...
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Income Tax |
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0 | Hits : 1133
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