Bombay High Court rejects IT department's appeal against Amitabh Bachchan
Posted Date : 26-Jul-2012 , 06:32:51 am | Posted By CASANSAAR
Bombay High Court recently dismissed an Income Tax department appeal against an order in favour of actor Amitabh Bachchan, holding that the plea did not involve ‘any substantial question of law’.
On October 13, 2002, Bachchan had filed his income tax return, declaring his earnin...
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Income Tax |
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Announcement regarding IAASB’s Invitation to Comment - Improving the Auditor’s Report - ICAI
Posted Date : 26-Jul-2012 , 06:30:56 am | Posted By CASANSAAR
ANNOUNCEMENT FOR THE ATTENTION OF THE MEMBERSInternational Auditing and Assurance Standards Board’sInvitation to Comment, Improving the Auditor’s Report
The International Auditing and Assurance Standards Board (IAASB), has recently published an Invitation to ...
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Income Tax |
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Income Tax Department Starts Two More Taxpayer Friendly Initiatives : ‘Register for Home Visit’ and ‘Online Tax Help’
Posted Date : 25-Jul-2012 , 07:09:49 am | Posted By CASANSAAR
In order to make the Income Tax Return filing experience even more convenient, the Income Tax Department has started two more taxpayer friendly initiatives ‘Register for Home Visit’ and ‘Online Tax Help’. To avail these facilities, a taxpayer must visit th...
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Income Tax |
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Sebi warns investors against dealing with Trading India Portfolios Ltd
Posted Date : 25-Jul-2012 , 07:05:07 am | Posted By CASANSAAR
Sebi has warned investors against dealing with Trading India Portfolios Ltd (TIPL) and its chairman Ankush Srivastava after the regulator observed that the firm has placed false and misleading information related to portfolio management and stock broking services on its webs...
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SEBI |
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Imposing Fees on Certain E-Forms Filed with ROC, RD OR MCA(HQ) under MCA-21 Where at Present No Fee is Prescribed
Posted Date : 24-Jul-2012 , 09:01:07 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs has decided to impose a certain amount of fee on the following forms at the rates indicated in the table below:-
S.
No.
Form No.
Particulars of the Form
Fee Applicable
1
Form 1 of Investor Educati...
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Corporate Law |
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Foreign Investment Promotion Board Approves 14 FDI Proposals Worth Rs.1584.11 Crore
Posted Date : 24-Jul-2012 , 09:00:31 pm | Posted By CASANSAAR
Based on the recommendations of the Foreign Investment Promotion Board (FIPB) in its meeting held on June 29, 2012, the Central Government has approved 14 Proposals of Foreign Direct Investment (FDI) amounting toRs.1584....
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International Business |
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I-T department offers help in filing returns at door steps
Posted Date : 24-Jul-2012 , 08:57:24 pm | Posted By CASANSAAR
In a major drive to help taxpayers file returns, the Income Tax Department on Tuesday offered to provide expert services at door-steps in the four metros and some major cities like Bangalore, Jaipur and Patna.
Also, it has started 'Online Tax Help' to provide professional services to ...
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Income Tax |
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Special IT return receipt counters for Delhi
Posted Date : 24-Jul-2012 , 08:55:56 pm | Posted By CASANSAAR
The income tax department has set up special I-T return receipt counters in Delhi. People having income from salary can file their I-T returns at the counters in Mayur Bhavan, Connaught Place till tomorrow.
According to the department, I-T returns will later on be only accepted at the new I...
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Income Tax |
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Sebi tightens F&O norms to keep out illiquid stocks
Posted Date : 24-Jul-2012 , 07:57:55 am | Posted By CASANSAAR
Market regulator Sebi has tightened the criteria for stocks to be traded in the futures and options segment by raising the minimum requirement of median quarter-sigma order size (MQSOS) - an indicator of market depth - for a stock to Rs 10 lakh from Rs 5 lakh. Sebi has also trebled the min...
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SEBI |
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Income Tax Department adds new column for declaring foreign assets
Posted Date : 24-Jul-2012 , 07:56:19 am | Posted By CASANSAAR
Tightening the norms, Income Tax (I-T) Department has introduced a new column seeking details of foreign assets in the Income Tax Return (ITR) forms for the 2012-13 assessment year.Taxpayers, who hold foreign bank accounts or properties, will now have to furnish details of their foreign as...
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Income Tax |
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Petrol price to be hiked by 70 paisa per litre from tonight
Posted Date : 23-Jul-2012 , 08:36:36 pm | Posted By CASANSAAR
After two rounds of rate cuts last month, petrol price was on Monday hiked by 70 paise per litre on firming international oil rates.
Petrol in Delhi will cost Rs68.48 per litre with effect from Monday midnight as compared to Rs67.78 a litre now, state-owned oil companies announced on Monday...
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General |
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FII inflow into India crosses $10-bn mark
Posted Date : 23-Jul-2012 , 08:29:18 pm | Posted By CASANSAAR
Foreign Institutional Investors (FIIs) have poured in over $1.67 billion this month in the Indian stock market, taking their total investments so far this year to more than $10 billion.According to data available with the Securities and Exchange Board of India (SEBI), foreign investors, who had pull...
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International Business |
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Finance ministry starts probe into HSBC’s India operations
Posted Date : 23-Jul-2012 , 08:09:02 am | Posted By CASANSAAR
The Financial Intelligence Unit (FIU) of the finance ministry has begun a probeinto the HSBC's India operations after it was alleged that the country was exposed to terror funding and money laundering due to the banking giant's weak safety mechanisms. The FIU,...
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General |
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Newly Elected President & Vice President of Institute of Cost Accountants of India
Posted Date : 22-Jul-2012 , 09:30:14 pm | Posted By CASANSAAR
CMA Rakesh Singh has been elected as President of the Institute of Cost Accountants of India for the year 2012-13.
CMA S.C. Mohanty has been elected as Vice President of the Institute of Cost Accountants of India for the year 2012-13.
...
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ICWAI |
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Pranab Mukherjee will be 13th President of India
Posted Date : 22-Jul-2012 , 07:44:37 pm | Posted By CASANSAAR
Pranab Mukherjee is President-elect and will take oath as the 13th President of India at 11.30 am on Wednesday, July 25.
The returning officer for the presidential elections, VK Agnihotri, announced a little after 6.30 pm on Sunday, "Pranab Mukherjee has been duly elected to the office o...
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General |
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IRCTC deactivates 44,000 multiple user IDs of agents
Posted Date : 22-Jul-2012 , 12:16:11 pm | Posted By CASANSAAR
Cracking down on misuse of user IDs by agents to corner general and tatkal tickets, the Indian Railway Catering and Tourism Corporation Limited (IRCTC) has deactivated as many as 44,000 multiple user IDs created by agents in the past 10 days.
In addition, the vigilance teams of IRCTC have a...
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General |
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Last date for filing Form 23B without fees has been extended
Posted Date : 21-Jul-2012 , 05:38:08 pm | Posted By CASANSAAR
Ministry vide circular number 14/2012 dated 21.06.2012 had imposed fees on Form 23B (Information by auditor to Registrar) w.e.f. 22/07/2012.
Kindly note that the last date for filing the Form 23B without fee has been extended for two weeks. Fee shall be charged on a...
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Corporate Law |
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ICSI: Annual Membership fees for the year 2012-2013 to be paid by 30.08.2012
Posted Date : 21-Jul-2012 , 08:59:09 am | Posted By CASANSAAR
PAYMENT OF ANNUAL MEMBERSHIP AND CERTIFICATE OF PRACTICE FEE:
The Annual Membership fee and Certificate of Practice fee for the year 2012-13 became due for payment w.e.f. 1st April, 2012. The last date for payment of annual membership fee was 30th June, 2012 which has now been...
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ICSI |
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CA Final /CPT Topper List & Pass percentage for Exam Held in May/June 2012
Posted Date : 21-Jul-2012 , 08:34:37 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) announced the following results on 19th July 2012.
Chartered Accountants Final Examination held in May, 2012.
Common Proficiency Test (Paper Pencil Mode) held on June 17, 2012.
Since December1949, the Chartered Ac...
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Students Zone |
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ICAI Members to pay Annual Membership & COP Fees by 30.09.2012
Posted Date : 21-Jul-2012 , 08:31:08 am | Posted By CASANSAAR
Members are requested to remit the current year’s fee for continuance of membership – Associate/Fellow/Certificate of Practice as the case may be by 30th September 2012 as per following applicable schedule of fees.
Particulars of Fees
Annual &nb...
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ICAI |
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Exemption of Salaried Employees from Requirement of Filing of Returns for Assessment Year 2012-13
Posted Date : 20-Jul-2012 , 06:06:37 pm | Posted By CASANSAAR
Central Board of Direct Taxes (CBDT) vide its Notification No. 9/2012 dated 17th February, 2012 has exempted salaried employees from the requirement of filing the returns for assessment year 2012-13. The exemption is applicable only if all the following conditions are fulfilled:- • Employe...
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Income Tax |
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CBI arrests Baba Ramdev's aide Balkrishna
Posted Date : 20-Jul-2012 , 06:02:17 pm | Posted By CASANSAAR
Yoga guru Ramdev's aide Balkrishna was on Thursday arrested by the CBI after a non-bailable warrant was issued against him by a special court here in an alleged fake documents case. Ramdev is scheduled to start an agitation against corruption and blackmoney issue from August 9 at Ram Lila groun...
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General |
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New Feature of www.casansaar.com i.e CA Firms for the Practicing Chartered Accountants
Posted Date : 20-Jul-2012 , 08:29:49 am | Posted By CASANSAAR
It is Our great pleasure to announce that, CAsansaar has come up with an another exclusive feature “CA FIRMS” for the Practicing Chartered Accountants.
We have design this page specially for Practicing Chartered AccountantS, who can Submit the details of their firms through this...
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ICAI |
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MCA Invites Views/Suggestions on the Proposed ‘Multistate Societies Registration Bill, 2012’.
Posted Date : 19-Jul-2012 , 08:44:36 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs has decided to invite views/suggestions from various Individuals/Experts/Institutions/Organizations interested in the subject matter of the proposed ‘Multistate Societies Registration Bill, 2012’. All those desirous of submitting views/suggestions m...
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Corporate Law |
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Insurers accused of Rs 300 cr tax fraud
Posted Date : 19-Jul-2012 , 07:58:21 pm | Posted By CASANSAAR
Insurance companies have come under the scanner of a government intelligence agency for allegedly evading service tax of over Rs 300 crore.
The Directorate General of Central Excise Intelligence (DGCEI) has initiated a probe following complaints of the service tax evasion by various insurance provi...
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Income Tax |
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Women better tax planners than men, reveals study
Posted Date : 19-Jul-2012 , 07:46:40 am | Posted By CASANSAAR
The study was conducted across 500 corporates and banks in Delhi NCR, Mumbai, Chennai, Bangalore and Hyderabad.
Women tax payees are better "tax planners" than men across the country, a study conducted by online-income tax filing-portal TaxSpanner has said.
The study, conduct...
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General |
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CA.T.N.Manoharan, Kulkarni additional directors at Mahindra Satyam
Posted Date : 19-Jul-2012 , 07:45:12 am | Posted By CASANSAAR
IT major Mahindra Satyam today said it has appointed T N Manoharan and Ravindra Kulkarni as additional directors on its Board.
"TN Manoharan and Ravindra Kulkarni are co-opted as additional directors on the Board of the Company, wef July 18, 2012," Satyam Computer Services said in a filing ...
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Income Tax |
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No power with ITAT to stay tax demands beyond 365 days: High Court
Posted Date : 19-Jul-2012 , 07:41:32 am | Posted By CASANSAAR
The Karnataka High Court has said that theIncome-tax Appellate Tribunal or ITAT does not have powers to stay the tax demands beyond 365 days, an order which is expected to have a wide bearing. The ruling of the High Court on July 5 in the case of Ecom Gill Cof...
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Income Tax |
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MCA’s Fresh Mandate on Filing of Balance Sheet and Profit and Loss Account in Extensible Businessreporting Language (XBRL) Mode
Posted Date : 19-Jul-2012 , 07:36:13 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has decided to further mandate the following select class of companies to file their Balance Sheet and Profit & Loss Account in XBRL mode for the financial year commencing on or after 1.4.2011 : (i) all companies listed with any Stock Exchange(s) in India a...
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Corporate Law |
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CBEC’s authorised economic operator programme takes wings
Posted Date : 18-Jul-2012 , 11:42:24 pm | Posted By CASANSAAR
The Central Board of Excise and Customs (CBEC) has awarded the first set of authorised economic operator (AEO) certificates to three different entities.
The AEO certificates were handed out to LG Electronics, Ennore Container Terminal and IBM by the CBEC Chairman, Mr S.K. Goel, at a function held a...
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Category :
Excise |
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0 | Hits : 302
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