Antivirus software at discounted price: An arrangement made by the Committee for Capacity Building of CA Firms and Small & Medium Practitioners (CCBCAF&SMP), ICAI
Posted Date : 28-Aug-2012 , 10:00:46 pm | Posted By CASANSAAR
The Committee for Capacity Building of CA Firms and Small & Medium Practitioners (CCBCAF&SMP), ICAI in order to enable members to have access to antivirus software, has tied up with Quick Heal technologies Pvt. Ltd. Pune for providing access to Quick Heal Total Security at a special ...
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General |
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Government approves complete ban on child labour below 14 yrs of age
Posted Date : 28-Aug-2012 , 09:58:51 pm | Posted By CASANSAAR
The Government today cleared a proposal to put a complete ban on employment of children up to the age of 14 both in hazardous and non-hazardous work by amending an anti-child labour Act. The Union Cabinet, which met in New Delhi today, approved bringing amendment to the Child Labour (Prohibition and...
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General |
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Failed IPOs: 'Brokers to get commission
Posted Date : 28-Aug-2012 , 12:50:31 pm | Posted By CASANSAAR
Companies will have to pay commission to brokers for the submission of investors' IPO forms even if the public offer is withdrawn, and listings will not be allowed till the time this payment is made.
In its guidelines for submission of IPO (Initial Public Offer) applications through a natio...
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Corporate Law |
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Most Americans say the rich don't pay enough taxes: Survey
Posted Date : 28-Aug-2012 , 07:54:23 am | Posted By CASANSAAR
As the income gap between rich and poor widens, a majority of Americans say the growing divide is bad for the country and believe that wealthy people are paying too little in taxes, according to a new survey.The poll released Monday by the Pew Research Centerpoints to a particular challenge for...
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Income Tax |
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SEBI launches no-frills demat accounts for investors
Posted Date : 27-Aug-2012 , 10:35:41 pm | Posted By CASANSAAR
The Securities and Exchange Board of India(Sebi), today launched no-frills demat accounts for individual retail investors. There will be no annual maintenance charges of deposits of up to 50,000 rupees, while deposits between 50,001 rupees and 200,000 rupees will be 100 rupees. Sebi said the ‘...
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SEBI |
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Finance Minister to Address Chief Commissioners/DGs of Customs, Excise & Service Tax Tomorrow
Posted Date : 27-Aug-2012 , 10:33:50 pm | Posted By CASANSAAR
The Conference of the Chief Commissioners and Directors General of Customs, Central Excise and Service Tax will be held in New Delhi tomorrow. The Union Finance Minister, Shri P. Chidambaram will inaugurate the Conference and also interact with the tax officials in the open house discussions. T...
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Income Tax |
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Multi-Level Marketing Companies
Posted Date : 27-Aug-2012 , 10:33:02 pm | Posted By CASANSAAR
On the basis of specific complaints received in the Ministry, Regional Directors (RDs) and Registrar of Companies (RoCs) have been directed to Scrutinize the Balance Sheets and Inspect the books of accounts and other records under sections 234 and 209A respectively of the Companies Act, 1956 in resp...
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Corporate Law |
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0 | Hits : 389
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Companies need approval to pay over 10% of net profit to directors
Posted Date : 27-Aug-2012 , 04:07:55 pm | Posted By CASANSAAR
Registered companies in India can't pay more than 10% of net profit as remuneration to board-level directors overall without the government's approval, the Ministry of Corporate Affairs said today.
The total remuneration to be paid to all the board level directors including the CEO of a com...
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Corporate Law |
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0 | Hits : 609
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No takers for CAs
Posted Date : 27-Aug-2012 , 07:40:18 am | Posted By CASANSAAR
Chartered accountant, a designation that once guaranteed a cushy job and a promising career, is now a victim of economic slowdown if the placement scene at Institute of Chartered Accountants of India, Ahmedabad chapter, is any indication. As compared to last year, when eight companies recruited 60 C...
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ICAI |
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1 | Hits : 2606
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DTC likely to miss April 2013 deadline
Posted Date : 27-Aug-2012 , 07:31:36 am | Posted By CASANSAAR
The much talked about Direct Taxes Code (DTC) appears set to miss the April 2013 deadline, too.
Finance Minister P Chidambaram wants a complete reworking of the DTC Bill, which had been substantially changed under former finance minister Pranab Mukherjee from what was initially formulated u...
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Income Tax |
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Maharashtra to drop plan to impose 15% interest as penalty for VAT delay
Posted Date : 27-Aug-2012 , 07:29:43 am | Posted By CASANSAAR
Maharashtra finance minister Ajit Pawar has indicated that the state government will provide a waiver on 15% interest as penalty on value-added tax (VAT) levied on property transactions between 2006 and 2010, offering relief to thousands of harried home buyers. The fin...
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VAT |
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PSU banks to disburse Rs 6 lakh cr to agri sector this fiscal
Posted Date : 26-Aug-2012 , 10:27:10 pm | Posted By CASANSAAR
Public sector banks have set a target to disburse Rs 6 lakh crore as agriculture loan during the current fiscal. This is Rs 25,000 crore higher than the target set for them.
After inaugurating a rural training centre at Amaravathipuram, Karaikudi, set up by Indian Bank, Indian Overseas Bank...
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Category :
Banking |
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0 | Hits : 265
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Gold zooms to new record at Rs 31,300 on strong global cues
Posted Date : 26-Aug-2012 , 10:14:32 am | Posted By CASANSAAR
Buoyed by a strong rally overseas, gold rose to touch a new high of Rs 31,300 per 10 grams in the bullion market here on Saturday.Gold added Rs 185, registering gains for the sixth day in a row, while silver added Rs 950 to Rs 57,800 per kg on increased buying.Silver co...
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Shares & Stock |
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0 | Hits : 261
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RBI tells banks to tweak FD norms
Posted Date : 26-Aug-2012 , 10:12:58 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has asked regional rural and co-operative banks to modify Fixed Deposit account opening forms to allow premature withdrawal of FD on death of one of the joint account holders without any penalty.Under the modified norms, it will be easier for the surviving joint accou...
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Banking |
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0 | Hits : 298
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Proposal for Bank branch audit Limit from Rs.6 Cr to 20 Cr from 2012-13
Posted Date : 25-Aug-2012 , 07:34:04 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) will meet Union Finance Minister P Chidambaram on retaining the current advance limit of bank branches for independent audit.
"We will meet the finance minister and make a representation to retain the current Rs 6 crore limit of advance...
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Category :
Banking |
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Sebi bars companies from buying shares through staff trusts
Posted Date : 24-Aug-2012 , 09:39:46 pm | Posted By CASANSAAR
Capital market regulator Sebi has barred employee welfare schemes and trusts of listed entities from purchasing their own shares from the secondary market, fearing stock manipulation.Besides, Sebi will also ask listed companies to disclose all their existing employee benefit schemes involving stock ...
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SEBI |
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GST is More Effective and Efficient Substitute for Plethora of Indirect Taxes: FM
Posted Date : 24-Aug-2012 , 09:35:37 pm | Posted By CASANSAAR
The Union Finance Minister, Shri P. Chidambaram said that the goods and services tax (GST) is a more effective and efficient substitute for plethora of indirect taxes. The Finance Minister said that he is hopeful that the GST Bill would be passed before the end of the current financial year. The Fin...
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GST |
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0 | Hits : 343
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ICSI: Exam result Through E-mail for june 2012 session
Posted Date : 24-Aug-2012 , 09:10:26 am | Posted By CASANSAAR
Now You can get your exam result, which is to be declared on 25th August, 2012 for june 2012 session through e-mail.
Kindly click on the following link to register your e-mail ID. CLICK HERE...
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ICSI |
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0 | Hits : 680
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BCCI owes Rs 201.36 crore income tax: Government
Posted Date : 23-Aug-2012 , 10:43:56 pm | Posted By CASANSAAR
An Income tax amount of Rs 201.36 crore is due from the Board of Control for Cricket in India (BCCI), the government said today. "Appropriate measures have been taken by the Department to recover the demands raised which resulted into collection of an aggregate amount of Rs ...
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Category :
Income Tax |
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Housing finance firms permitted to raise funds through ECBs
Posted Date : 23-Aug-2012 , 10:40:40 pm | Posted By CASANSAAR
The government has allowed housing financing companies to raise funds through external commercial borrowings, ECBs route to finance low-cost housing projects. A Finance Ministry statement said it has been decided that entities like National Housing Bank ,NHB and Housing Finance Companies, HFC will b...
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Finance |
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Increase in fee for Duplicate Certificate of Membership and Certificate of Practice as an Associate or Fellow
Posted Date : 23-Aug-2012 , 10:39:40 pm | Posted By CASANSAAR
ANNOUNCEMENT
Increase in fee for Duplicate Certificate of Membership and Certificate of Practice as an Associate or Fellow - Amendment to the Regulation 184 of the Chartered Accountants Regulations, 1988
This is to inform all concerned that with the issuance of the Notification...
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Category :
ICAI |
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0 | Hits : 576
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Vacancies in Nationalized Banks
Posted Date : 23-Aug-2012 , 10:34:59 pm | Posted By CASANSAAR
There is no proposal to revive Banking Service Recruitments Board as recruitment is done by individual Banks on an ongoing basis, which takes into account the results in common examination conducted by the Institute of Banking Personnel Selection (IBPS).
The requirement of manpower in Natio...
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Category :
Banking |
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10 FDI Proposals Amounting to Rs. 1259.92 Crore Approved
Posted Date : 23-Aug-2012 , 10:33:36 pm | Posted By CASANSAAR
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on July 27, 2012, the Government of India has approved ten (10) Proposals of Foreign Direct Investment (FDI) amounting t...
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Category :
International Business |
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Steps to Recover NPAs
Posted Date : 23-Aug-2012 , 10:32:56 pm | Posted By CASANSAAR
Although the Gross non-Performing Assets of the Public Sector Banks (PSBs) as on March 2012 amounts to Rs. 112489 crore, all PSBs have reported profits for the financial year 2011-12. Banks are required to monitor NPAs and take steps to bring them down through recovery/other channels. RBI also ...
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Category :
Banking |
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0 | Hits : 289
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Tax on Film Artists Services
Posted Date : 23-Aug-2012 , 10:32:12 pm | Posted By CASANSAAR
Service tax of 12.36 per cent has been imposed on the taxable services provided by the Film Artists. As a preparation for the introduction of a nationwide comprehensive Goods and Service Tax (GST), comprehensive approach to taxation of services has been brought into effect from the 1st day of J...
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Income Tax |
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0 | Hits : 348
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ICSI: Annual Membership fees for the year 2012-2013
Posted Date : 23-Aug-2012 , 09:09:07 am | Posted By CASANSAAR
The last extended date for payment for Annual Membership Fee for the year 2012-13 is 31st August, 2012. The members who are yet to pay the fee are requested to pay the fee on or before 31st August, 2012.
Please note that the names of the members whose annual membership fee...
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ICSI |
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0 | Hits : 519
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RBI notifies decision allowing FDI from Pakistan
Posted Date : 23-Aug-2012 , 08:44:03 am | Posted By CASANSAAR
The Reserve Bank today notified the decision to allow foreign direct investment from Pakistan. "It has now been decided that...a person who is a citizen of Pakistan or an entity incorporated in Pakistan may, with the prior approval of the Foreign Investment Promotion Board, purchase s...
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Category :
International Business |
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0 | Hits : 328
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Taxes worth Rs 58,636 cr locked up in litigation in SC, HCs
Posted Date : 23-Aug-2012 , 08:39:46 am | Posted By CASANSAAR
Taxes worth Rs 58,636 crore are locked up in litigations in the Supreme Court and different High Courts, the government said today.
On the Direct Taxes sides, 5,860 cases involved tax demand worth Rs 2,707 crore were locked up in Supreme Court. Another 29,650 cases with tax demand of Rs 36,...
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Category :
Income Tax |
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0 | Hits : 280
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FM P Chidambaram approves proposal for 49% FDI in Insurance and pension sector
Posted Date : 23-Aug-2012 , 08:36:44 am | Posted By CASANSAAR
Finance minister P Chidambaram has cleared a proposal to raise foreign direct investmentlimit in insurance and pension sectors to 49%, making it clear that he intends to push sentiment changing reforms even though politically things look difficult for the Unit...
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Finance |
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0 | Hits : 321
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Govt liberalises ECB norms
Posted Date : 23-Aug-2012 , 08:35:49 am | Posted By CASANSAAR
India has eased overseas borrowing rules to allow easier access to cheap dollar funds to housing financecompanies such as HDFC, small industry financier SIDBI and permitted non-resident entities to provide rating enhancement facility to Indian borrower. The move will also help boost c...
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Finance |
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0 | Hits : 288
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