Integration of LLP System into MCA-21
Posted Date : 15-May-2012 , 08:47:12 am | Posted By CASANSAAR
Draft of notice to be displayed on LLP website
Ministry of Corporate Affairs
NOTICE
1. The Ministry is in process of integration of LLP system into MCA-21 in the month of june 2012 by allowing filing & approval of LLP forms at MCA-21 website (www.mca.gov.in) for be...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 949
|
 |
23 tax tribunal members under CBI scanner for
Posted Date : 15-May-2012 , 08:44:16 am | Posted By CASANSAAR
An estimated 69 orders passed by as many as 23 members of various benches of the Income Tax Appellate Tribunal (ITAT) are now the subject matter of an unprecedented nationwide inquiry for alleged corruption by the Central Bureau of Investigation (CBI).
The ITAT, a quasi-judicial body, is the high...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 850
|
|
Download ITR-1, ITR-2, ITR-3 & ITR-4 Return Preparation Software
Posted Date : 14-May-2012 , 09:51:08 pm | Posted By CASANSAAR
The online submission of ITR-1 (SAHAJ) & ITR-4S (SUGAM) for AY 2012-13 has been enabled.
Download Return Preparation Software
Sl. No.
Form Name
Return Preparation Software
Remarks
System Requirements
1
ITR-1(SAHAJ)
Excel Utility(Version 1.0)
New Releas...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 2251
|
|
Khullar appointed new Trai chairman
Posted Date : 14-May-2012 , 04:05:13 pm | Posted By CASANSAAR
Commerce Secretary Rahul Khullar has been appointed as the new chairman of the Telecom Regulatory Authority of India (Trai) for a three-year term. Khullar, a 1975 batch IAS officer of Delhi cadre, will succeed J S Sarma, whose tenure ended today. The tenure of Khullar, who w...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 805
|
|
ISA AT - June, 2012 Application Form
Posted Date : 14-May-2012 , 02:19:11 pm | Posted By CASANSAAR
ISA AT - June, 2012 Application Form
Last Date : 1st June 2012.
Cost of Application form : Rs. 100.
Click here to Download the AT Form
...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1047
|
|
Money-laundering law: Rigorous jail, hefty fines await tax offenders
Posted Date : 14-May-2012 , 07:38:23 am | Posted By CASANSAAR
Tax evaders could be in for trouble as the government is mulling placing tax crimes on a par with money laundering offences that have severe criminal and financial implications.India could bring income-tax offences under its anti-money laundering law, making way for easier prosecution, rigorous ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 884
|
|
Over 15,000 trained company secretaries will be needed in future: ICSI
Posted Date : 14-May-2012 , 07:34:52 am | Posted By CASANSAAR
Institute of Company Secretaries of India (ICSI) believes that in the next five years, more than 15,000 trained CS will be required in the country.
"The Parliamentary Standing Committee on Finance is likely to table its report on the proposed amendments to the Companies Bill sometime n...
Continue Reading...
Category :
ICSI |
Comments :
0 | Hits : 1350
|
|
FinMin examining CBDT committee report on Black Money
Posted Date : 13-May-2012 , 01:04:07 pm | Posted By CASANSAAR
Nearly ten months after it was formed to examine ways to check the menace of black money, a committee under the chairmanship of Central Board of Direct Taxes (CBDT) chief has submitted its report to the Finance Ministry.The Ministry, however, declined to share its details saying "action taken"...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 756
|
|
ICSI seeks early passage of Companies Bill
Posted Date : 12-May-2012 , 08:07:44 pm | Posted By CASANSAAR
The Institute of Company Secretaries of India (ICSI) has sought early passage of the new Companies Bill.
ICSI President Nesar Ahmad has said he has requested Yashwant Sinha, Chairman of Parliamentary Standing Committee on Finance, to work towards approval of the Bill in the ongoing Budget...
Continue Reading...
Category :
ICSI |
Comments :
0 | Hits : 977
|
|
China moves to local control of foreign auditors
Posted Date : 12-May-2012 , 08:20:55 am | Posted By CASANSAAR
Foreign auditing firms will have to appoint a Chinese national as their chief partner in China as part of a sweeping overhaul of the country's accounting industry.
The regulations, unveiled on Thursday, are aimed at localising the mainland operations of foreign auditing firms, but they also...
Continue Reading...
Category :
Auditing |
Comments :
0 | Hits : 927
|
|
Service tax on rly freight from July 1
Posted Date : 12-May-2012 , 08:17:04 am | Posted By CASANSAAR
Using the Railways to transport goods would become more expensive from July 1, with the government bringing the sector under the service tax net. The move, while being inflationary, would further reduce competitive edge of the national transporter against the road sector.
Accordi...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 925
|
|
Facebook: 10 little-known facts
Posted Date : 11-May-2012 , 04:37:23 pm | Posted By CASANSAAR
Facebook: 10 little-known facts
Facebook Inc is all set to hit US stock markets. The world's largest social networking website is seeking as much as $96 billion in its initial public offering.
According to data compiled by Bloomberg, Facebook, co-founded by Mark Zuckerberg in 2004 in a Harv...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 1143
|
|
Import of patented goods without IPR authorisation allowed
Posted Date : 11-May-2012 , 07:34:52 am | Posted By CASANSAAR
Imports of goods protected by patent or trademarks are permitted even without authorisation of the Intellectual Property Rights (IPR) holder, according to the Finance Ministry.The clarification was given in the backdrop the dispute between global personal computer maker Dell and traders who were sou...
Continue Reading...
Category :
Custom |
Comments :
0 | Hits : 1014
|
|
Educational institutions set to follow ICAI norms
Posted Date : 11-May-2012 , 07:30:48 am | Posted By CASANSAAR
Higher education institutes in the country will soon have to report their financial information in a standard and uniform format set by the Institute of Chartered Accountants of India.
As per the format, the institutes will now have to disclose their balance sheet and the income an...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1190
|
|
18 bluechip PSUs lacks required number of independent directors: CAG
Posted Date : 11-May-2012 , 07:26:18 am | Posted By CASANSAAR
Eighteen state-run firms, including bluechips like ONGC, IOC, OIL and GAIL, did not have the required number of independent directors on their board in 2010-11 fiscal, a CAG report said. Of the 466 Central Public Sector Enterprises (CPSEs) audited by the CAG during 2010-11, 18 companies did not...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 887
|
|
RBI asks exporters to sell 50 pc of forex earnings
Posted Date : 10-May-2012 , 10:21:09 pm | Posted By CASANSAAR
In order to arrest the declining value of the rupee, the Reserve Bank today asked exporters to sell 50 per cent of their retained foreign exchange earning.
The central bank has also fixed limit for intra-day trading of foreign currency by banks.
"On a review of the scheme, it has...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 829
|
|
Cabinet clears Micro Finance Bill; RBI to regulate MFIs
Posted Date : 10-May-2012 , 10:18:00 pm | Posted By CASANSAAR
The Union Cabinet today approved a bill to regulate the micro finance industry and bring the micro lenders under the purview of the Reserve Bank. "It (Micro Financial Sector Development and Regulation Bill, 2011,) has also been cleared," Finance minister Pranab Mukherjee tol...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 817
|
|
Facebook launches its own app store
Posted Date : 10-May-2012 , 02:45:23 pm | Posted By CASANSAAR
Facebook has created its own ‘App Centre’, in which it will showcase the best apps across the web, all mobile platforms and on the social network.
The App Centre will be rolled out over the coming weeks and aims to display the finest Ios, Android, mobile and web apps.
F...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 967
|
|
FinMin to recover Rs 20,300 crore tax from Vodafone
Posted Date : 09-May-2012 , 10:42:23 pm | Posted By CASANSAAR
A day after the approval of the Finance Bill by the Lok Sabha, the government on Wednesday said that it will move ahead to recover the tax and penalty from the British telecom major Vodafone which is currently estimated at Rs 20,300 crore.Finance Secretary R S Gurjal said that no new notice would be...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 897
|
|
RBI further eases norms on FX deposits
Posted Date : 09-May-2012 , 10:40:51 pm | Posted By CASANSAAR
The RBI has allowed banks to use funds from foreign currency non-resident deposits as collateral against lending to related local residents.
The funds in the foreign currency non-resident (FCNR) can be used for foreign exchange needs or for working capital needs in rupees for exporters and corpor...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 738
|
|
ICICI Bank raises foreign currency deposit rates
Posted Date : 09-May-2012 , 05:45:09 pm | Posted By CASANSAAR
ICICI Bank , India’s No. 2 lender, raises foreign currency deposit rates by up to 175 basis points, effective May 8. It raised rates for 1 to 2 year tenure by 75 basis points and for 3 to 5 year tenure by 175 basis points.
The move comes within a week of Reserve Bank hiking intere...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 811
|
|
Visa fee hike: India plans to take US to WTO
Posted Date : 09-May-2012 , 05:10:40 pm | Posted By CASANSAAR
India proposes to take the US to WTO against the latter's visa fee hike, which discriminates Indian software companies from American firms.
"Department of Commerce proposes to seek consultations with the USA under the Dispute Settlement Understanding of WTO," Minister of State for Commerce and ...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 712
|
|
Pranab's Vodafone message to MNCs: India no tax haven
Posted Date : 09-May-2012 , 08:54:24 am | Posted By CASANSAAR
Finance minister Pranab Mukherjee on Tuesday offered no relief to British telecom major Vodafone on its five-year-old tax dispute with the Indian government, making it clear there was no rethink on the proposal to allow authorities to tax older corporate deals. The remarks are seen as a ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 812
|
|
Outstanding Credit of Scheduled Commercial Banks
Posted Date : 09-May-2012 , 08:40:48 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) maintains data on Outstanding credit of Scheduled Commercial Banks (SCBs), not on loans disbursed. Outstanding credit of SCBs is given below:
(Rs. Crore)
As on 31 March 2008
As on 31 March 2009...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 774
|
|
Competition Commission of India (CCI) constitutes an Eminent Persons Advisory Group (EPAG)
Posted Date : 09-May-2012 , 08:39:21 am | Posted By CASANSAAR
The Competition Commission of India (CCI) has constituted an Eminent Persons Advisory Group (EPAG). This will serve as a group of ‘wise persons’ to give broad inputs and advice on larger issues impacting markets and competition, good international practices, improved advocacy etc. to t...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 772
|
|
RBI allows transfer of funds within NRI accounts
Posted Date : 09-May-2012 , 08:35:24 am | Posted By CASANSAAR
The Reserve Bank on Monday allowed non-resident Indians (NRIs) to transfer funds from non-resident ordinary (NRO) account to Non-Resident External (NRE) account subject to a ceiling of $1 million in a financial year.
"On a review, it has been decided that henceforth NRI... shall be eligible...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 837
|
|
Direct Tax collection at Rs 4.93 lakh cr in 2011-12
Posted Date : 08-May-2012 , 10:29:21 pm | Posted By CASANSAAR
The government today said it has collected over Rs 4.93 lakh crore as per provisional estimates from direct taxes during the 2011-12 fiscal, as against a revised estimate of Rs 5 lakh crore.
The net direct tax collection (provisionally) stood at Rs 4,93,912 crore, Minister of State for Fi...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 643
|
|
LS passes Finance Bill 2012, Govt to bring white paper on black money in current Parl session
Posted Date : 08-May-2012 , 10:26:37 pm | Posted By CASANSAAR
The Lok Sabha today passed the Finance Bill, giving effect to the financial proposals of the Central government for the fiscal 2012-13. The government will bring a white paper on black money in the current session of Parliament. Mr. Pranab Mukherjee disclosed this while replying to a debate on the F...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 991
|
|
Subsidiarisation of foreign banks would be tax neutral: Finance Minister Pranab Mukherjee
Posted Date : 07-May-2012 , 10:35:04 pm | Posted By CASANSAAR
In order to encourage foreign banks to operate in India as subsidiaries, Finance Minister Pranab Mukherjee today said such move be tax neutral. "The Reserve Bank of India is formulating a scheme for subsidiarisation of Indian branches of foreign banks to ring fence Indian capital and I...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 807
|
|
Furnishing of Misleading Information by Multinational Network Accounting Firms (MNAFs)
Posted Date : 07-May-2012 , 10:30:10 pm | Posted By CASANSAAR
According to the information furnished by the Institute of Chartered Accountants of India (ICAI) a High Power Committee (HPC) appointed by them for examining the operation of Multinational Network Accounting Firms (MNAFs) in India, has observed, that certain Indian CA firms and private limited compa...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 855
|
|
|
