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
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
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
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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Excise |
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Sebi allows Qualified Foreign Investors to invest up to $1 bn in MF debt schemes
Posted Date : 18-Jul-2012 , 09:44:50 pm | Posted By CASANSAAR
To increase fund flow in the bond market, market regulator Sebi today issued guidelines allowing overseas individual investors to invest up to $ 1 billion in corporate bonds and debt schemes of mutual funds without any lock-in period."In consultation with the Government of India (GoI) and ...
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SEBI |
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HSBC India staff under scanner for money laundering and terror financing
Posted Date : 18-Jul-2012 , 09:41:35 pm | Posted By CASANSAAR
HSBC's staff in India have come under the scanner for deficiencies in their role as "offshore reviewers" of the global banking giant's compliance to safety mechanism against money laundering and terrorist financing. A probe by the US senate's permanent subcommittee on investigations f...
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International Business |
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Bollywood's first superstar Rajesh Khanna dies at 69
Posted Date : 18-Jul-2012 , 02:30:39 pm | Posted By CASANSAAR
Actor Rajesh Khanna has died at home in Mumbai. He was 69. Mr Khanna was suffering from cancer. Mr Khanna will be cremated tomorrow morning. His bungalow, Aashirwad, on Carter Road in Bandra has been cordoned off by the police.Mr Khanna had been hospitalized on June 23, when he was taken to Lil...
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General |
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Income Tax department rejects tax exemption applications of three institutes
Posted Date : 18-Jul-2012 , 07:33:14 am | Posted By CASANSAAR
The income tax (I-T) department has cancelled the applications of three educational institutions seeking exemptions under the Section 10 (23C) IVa of the Income Tax Act as these educational institutions have a turnover of more than Rs 1 crore and still had not applied for exemptions under the releva...
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Income Tax |
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Registrar of Companies looking into financial irregularities of OnMobile: M V Moily
Posted Date : 18-Jul-2012 , 07:31:35 am | Posted By CASANSAAR
The Corporate Affairs Ministry today said it has asked the Registrar of Companies (RoC) to look into the alleged financial irregularities of the mobile value-added services company OnMobile. "We are making some discreet inquiry. I don't know whether any fraud (financial...
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Corporate Law |
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Sebi seeks changes in Companies Act
Posted Date : 18-Jul-2012 , 07:29:46 am | Posted By CASANSAAR
The government is considering an amendment in the Companies Act to support a recent notification by the Indian capital markets regulator Sebi that proposes to penalise companies saddled with adverse auditor remarks. Sebi has initiated a dialogue with the Ministry of Corporate Aff...
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SEBI |
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CBDT's circular to offer clarity on indirect tax transfers under M&As
Posted Date : 18-Jul-2012 , 07:27:56 am | Posted By CASANSAAR
In a major boost to foreign investors’ sentiment, the Central Board of Direct Taxes (CBDT) is likely to come out with a circular to bring more clarity on indirect tax transfers under a particular merger or acquisition.
The CBDT’s circular will be on Section 9 of the Income Tax Act. Mo...
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Income Tax |
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Supreme Court orders Essar Oil to pay Rs 1000 crore tax dues to Gujarat govt by July 30
Posted Date : 17-Jul-2012 , 10:15:38 pm | Posted By CASANSAAR
The Supreme Court has asked the Ruias owned Essar Oil to pay dues of Rs 1,000 crore as sales tax to the Gujarat government by July 30, following which the coercive action taken by Gujarat government to force immediate payment of the remaining principal amount ...
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Income Tax |
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CA Final Examination held in May, 2012 and CPT held in June, 2012 - Result date revised
Posted Date : 17-Jul-2012 , 05:39:52 pm | Posted By CASANSAAR
IMPORTANT ANNOUNCEMENT
In supersession of our announcement dated 11th July, 2012 on the likely date and timing of the declaration of the results of the Chartered Accountants Final examination held in May 2012 and of the Common Proficiency Test held in June 2012, this is to inform that due to unavoi...
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ICAI |
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ICAI to open 1000 support centres for students
Posted Date : 17-Jul-2012 , 08:49:33 am | Posted By CASANSAAR
The Institute of Cost Accountants of India (ICAI) is planning to set up 1,000 cost management accounting (CMA) support centres across the country in the next 12 months.
“We are planning to open one centre in each district across the country. Around 300 such centres are ready to be lau...
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ICWAI |
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UK's ICAEW announces scholarship for Indian CAs
Posted Date : 17-Jul-2012 , 08:38:55 am | Posted By CASANSAAR
The Institute of Chartered Accountants England and Wales, ICAEW, has announced scholarship scheme for Chartered Accountants in India to learn advanced professional skill development course. There are over 120-fully funded scholarships 40-each for Pune, Mumbai and Delhi based Chartered Acco...
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ICAI |
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Govt may penalise companies saddled with adverse auditor remarks
Posted Date : 17-Jul-2012 , 08:36:20 am | Posted By CASANSAAR
The government is considering an amendment in the Companies Act to support a recent notification by the Indian capital markets regulator Sebi that proposes to penalise companies saddled with adverse auditor remarks. The Securities and Exchange Board of India (Sebi) has initi...
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Auditing |
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MCA moves cabinet note on Cos Bill for making key changes
Posted Date : 17-Jul-2012 , 08:34:53 am | Posted By CASANSAAR
The Ministry of Corporate Affairs (MCA) has moved a Cabinet note on the Companies Bill for making some key changes. According to the sources these changes have been made to take on board the objections raised by the Standing Committee on Finance, reports, Ronojoy Banerjee of CNBC-TV18.
The ...
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Corporate Law |
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