CAs plea to revamp exam rejected
Posted Date : 04-May-2012 , 08:28:34 am | Posted By CASANSAAR
A writ plea from V Venkatesa Sivakumar, a chartered accountant (CA) of Rangarajapuram in Kodambakkam, to constitute an independent experts commitee to study the existing examination system for CA and consider the necessity and possibility of revamping the same in the interest of the students, was re...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1280
|
 |
Prosecution filed against Sesa Goa for violation of Cos Act
Posted Date : 04-May-2012 , 07:59:51 am | Posted By CASANSAAR
The government Thursday informed Parliament that it has initiated prosecution proceedings against Vedanta Resources-owned Sesa Goa for violation of certain provisions of the Companies Act."Based on the recommendation made by SFIO in its investigation report, prosecutions under Sections 147 and 395 o...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 689
|
|
SEBI decentralises IPO document filing
Posted Date : 04-May-2012 , 07:57:43 am | Posted By CASANSAAR
Stock market regulator Securities and Exchange Board of India has decentralised the process of filing offer documents with effect from May 14.
For an issue size of up to Rs 500 crore, companies would be required to file offer documents with the respective regional office of SEBI.
That is, compan...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 697
|
|
Core services of APMCs not to attract service tax: CBEC
Posted Date : 04-May-2012 , 07:51:21 am | Posted By CASANSAAR
Agricultural Produce Marketing Committee's services other than its core service will attract tax, the Central Board of Excise and Customs has said
The board has said as statutory bodies APMCs provide basic facilities out of the 'market fee' collected from the licensees mainly to facilit...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 789
|
|
Income Tax department detects over Rs 5,800 crore hidden income in MSME sector
Posted Date : 04-May-2012 , 07:48:06 am | Posted By CASANSAAR
The Income Tax department has detected more than Rs 5,800 crore of concealed income in the low-profile micro, small and medium enterprises (MSME) sector during the fiscal 2010-11.The department, which carries out a number of searches against other high income sectors like real estate, manufactu...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 636
|
|
Govt to infuse Rs 30,000 cr in Air India over 9 years
Posted Date : 04-May-2012 , 07:45:46 am | Posted By CASANSAAR
The government will infuse about Rs 30,000 crore in cash-strapped Air India over the next nine years as part of a turn around plan for the state-run airline, Parliament was informed Thursday.To a question on whether the government has decided to infuse Rs 30,000 crore into Air India till 2020, Civil...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 642
|
|
Govt may clarify stand on Vodafone issue in Parliament: Pranab
Posted Date : 03-May-2012 , 07:39:14 pm | Posted By CASANSAAR
Finance Minister Pranab Mukherjee on Thursday said government may clarify its stand on Vodafone tax controversy in Parliament at the time of discussion on Finance Bill, 2012.
“I cannot respond to any speculative questions. Parliament is in session. If anything is to be clarified, I will (do...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 734
|
|
Advisory Group for International Taxation and Transfer Pricing Constituted
Posted Date : 03-May-2012 , 03:50:16 pm | Posted By CASANSAAR
An Advisory Group for International Taxation and Transfer Pricing has been constituted by Central Board of Direct Taxes , Department of Revenue, Ministry of Finance. The Group would comprise of the following members:-
i. &nb...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 729
|
|
This year will be crucial for global economy: ADB
Posted Date : 03-May-2012 , 01:52:57 pm | Posted By CASANSAAR
Financial crisis in Europe could escalate and along with slow recovery in the US, this year will be crucial for global economy but Asian nations must continue long term structural reforms while insulating the region against the troubles, ADB said today. "While authorities continu...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 645
|
|
Let disabled CA examinee to take kins' help in exam:HC to ICAI
Posted Date : 03-May-2012 , 08:44:46 am | Posted By CASANSAAR
The Delhi High Court today asked the Institute of Charted Accountants in India (ICAI) to allow disabled persons appearing for the CA examination to take the their relatives' help in writing the papers for them. Directing ICAI to relax its norms for the disabled CA examinees, a bench of Acting Chief ...
Continue Reading...
Category :
Students Zone |
Comments :
0 | Hits : 1025
|
|
Inaccurate / False TDS returns may attract penalty from July 1
Posted Date : 03-May-2012 , 08:07:39 am | Posted By CASANSAAR
Attempting to raise revenue, the government has targeted Tax Deducted at Source (TDS) and proposed penal provisions for inaccurate details and ensuring filing of corrective returns from July 1. "From July 1, government may impose penalty of Rs 10,000 and Rs 1,00,000 for inaccurate TDS returns and...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1431
|
|
IT-enabled services a thrust area: ICAI
Posted Date : 03-May-2012 , 08:00:08 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has identified IT-enabled services, particularly enterprise resource planning (ERP), as a thrust area.
Mr Jaydeep Narendra Shah, president, ICAI, announced this here on the occasion of the 40th anniversary of the Thiruvananthapuram bran...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 811
|
|
RBI issues Basel III norms
Posted Date : 03-May-2012 , 07:57:47 am | Posted By CASANSAAR
The Reserve Bank of India has laid out a six-year road map to make Indian banks safer and avoid recurrence of the 2008 crisis, but it will need an estimated Rs 1.5 lakh crore in capital at a time it is scarce. The central bank has raised the equity component in overall capital and restricted div...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1026
|
|
Clarification on Vodafone Tax Issue - CBDT
Posted Date : 02-May-2012 , 08:46:09 pm | Posted By CASANSAAR
A news report has appeared in the Financial Express, Delhi edition, 27th April, 2012 captioned “I-T didn’t warn Vodafone of tax burden or dispute deal format”. In this regard, the Central Board of Direct Taxes (CBDT) has issued the following clarification:- In this connection,...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 991
|
|
Feedback of Candidates on Question Paper-Chartered Accountants Examinations, May 2012
Posted Date : 02-May-2012 , 08:40:06 am | Posted By CASANSAAR
Examination DepartmentFeedback of Candidates on Question Paper-Chartered Accountants Examinations, May 2012.
The Institute has developed an online Feedback form on the Question Papers of Chartered Accountants Examinations to be held from 2nd May 2012 to 17th May 2012 at the link http://www.ica...
Continue Reading...
Category :
Students Zone |
Comments :
0 | Hits : 1268
|
|
Waiver of Transaction Charges for Online Payments to the Institute - ICSI
Posted Date : 02-May-2012 , 08:37:08 am | Posted By CASANSAAR
Dear Member,
As you are aware, the institute in its endeavour to provide instant services to the members, has already introduced various online services through the Institute’s websites www.icsi.edu / www.icsi.in
The Institute is continuously striving to in...
Continue Reading...
Category :
ICSI |
Comments :
0 | Hits : 997
|
|
ICAI group on black money to submit report soon
Posted Date : 02-May-2012 , 08:35:04 am | Posted By CASANSAAR
An Institute of Chartered Accountants of India (ICAI) core group mining data on black money and benami transactions will submit its report to government soon.
Mr Jaydeep Narendra Shah, President, ICAI, announced this here on the occasion of the 40{+t}{+h} anniversary of the Thiruvananthapuram bra...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 719
|
|
Employers can now submit EPF subscription on line
Posted Date : 01-May-2012 , 07:58:28 pm | Posted By CASANSAAR
Ending hassles of employers in payment of EPF subscription of employees, the government today started an electronic mechanism that promises to bring transparency and accessibility.
The initiative, launched by Labour and Employment Minister Mallikarjun Kharge, offers an opportunity to emplo...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 910
|
|
India's exports cross target
Posted Date : 01-May-2012 , 06:09:33 pm | Posted By CASANSAAR
India's exports grew 21 per cent and marginally crossed the exports target at 303.7 billion US Dollars in 2011-12 over the previous fiscal. According to the Commerce Ministry data released today, imports shot up by 32.1 per cent to 488.6 billion dollars, leaving highest-ever trade deficit of 184.9 b...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 778
|
|
Implementation of New GMCS Programme - ICAI
Posted Date : 01-May-2012 , 07:08:29 am | Posted By CASANSAAR
The Council has decided that the General Management and Communication Skills (GMCS) Programme, presently being organized for 15 days for the CA students should be organized twice during the period of articled training as under:(i) GMCS-I (15 days) - during...
Continue Reading...
Category :
Students Zone |
Comments :
0 | Hits : 1386
|
|
Download ITR-1 (SAHAJ) Return Preparation Software
Posted Date : 01-May-2012 , 07:03:24 am | Posted By CASANSAAR
Income Tax Department has finally released Return Preparation Software for ITR-1 (SAHAJ) which is applicable for A.Y. 2012-13 or financial year 2011-12. The same can be used to file your return online.
Form Name
Return Preparation Software
...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 2327
|
|
Global employment situation alarming: ILO
Posted Date : 30-Apr-2012 , 01:42:42 pm | Posted By CASANSAAR
The International Labour Organisation (ILO) today warned that the global employment situation is alarming and unlikely to improve soon. The agency said that austerity measures, especially in advanced economies, were hurting job creation.In a report, the ILO said the situation was likely to get worse...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 836
|
|
Chartered Accountant Shot at in Noida, Critical
Posted Date : 30-Apr-2012 , 07:35:41 am | Posted By CASANSAAR
A Kalkaji-based chartered accountant, who is also a builder, was shot at by assailants in Sector 63 in Noida on Sunday afternoon. Police said it seems to be a case of personal rivalry. The victim was shot in the chest and has been admitted in a city hospital. His condition is critical...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1598
|
|
Toal Amount & No. of IT Cases Pending before CIT(A) to SC
Posted Date : 30-Apr-2012 , 07:24:40 am | Posted By CASANSAAR
The quantity of money locked in income tax disputes has seen a sharp rise in 2011, with more aggression by the tax department. The disputed amount jumped from Rs 2,43,603 crore to Rs 4,36,741 crore between January and December 2011.
The disclosure was made by the finance ministry...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 877
|
|
Sebi to announce new consent settlement norms soon
Posted Date : 30-Apr-2012 , 07:12:28 am | Posted By CASANSAAR
Market regulator Sebi is set to put in place a new and detailed mechanism for its 'consent' procedure -- an out-of-court-like settlement through which it settles cases of suspected irregularities by listed companies and various market entities.
The Securities and Exchange Board o...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 662
|
|
FII earnings won
Posted Date : 30-Apr-2012 , 07:09:06 am | Posted By CASANSAAR
The primary concern of foreign institutional investors that they might be taxed for business income in India under the proposed GAAR regime will be addressed as the finance ministry finalises the rules.
Government sources said there was no reason for FIIs to worry about their earnings fr...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 836
|
|
IRCTC plans to start air ticket booking
Posted Date : 28-Apr-2012 , 10:16:13 pm | Posted By CASANSAAR
Divested of catering services, the Indian Railway Catering and Tourism Corporation (IRCTC) is now focusing more on online ticket booking system across the country.
Encouraged by sudden increase in the online ticket booking, the IRCTC has chalked out various steps to provide better servic...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 1066
|
|
Rural banks told to double home loan limit for priority sector
Posted Date : 28-Apr-2012 , 08:22:57 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) has asked all regional rural banks to double the limit for home loans to Rs 10 lakh from Rs 5 lakh for lending for priority sector. An RBI notification issued in Mumbai said that increase in the limit will be applicable for the bank loans extended to non-governme...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 891
|
|
SEBI to auction FII debt limits on 20th of every month
Posted Date : 28-Apr-2012 , 06:04:23 am | Posted By CASANSAAR
The stock market regulator SEBI has decided to auction debt limits for FIIs on the 20th of every month.
It would be held on the next working day in case 20th happens to be a holiday.
Auctions would be held if free limits greater than Rs1000 crore are available for any of the three categories &md...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 852
|
|
Governance concerns weakened business sentiment in India: IMF
Posted Date : 28-Apr-2012 , 06:01:55 am | Posted By CASANSAAR
The International Monetary Fund (IMF) has said governance concerns have weakened business sentiment in India, calling for a revival in the reform process in its regional outlook released on Friday.Asia-Pacific Regional Economic Outlook said domestic factors have also played a role in India's gro...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 697
|
|
|
