Posted Date : 15-Feb-2012 , 08:30:20 am | Posted By CASANSAAR
The Central Direct Tax Advisory Committee has suggested that the Finance Minister re-introduce the standard deduction for a sum of Rs 50,000. It also called for extension of investment for tax benefit in infrastructure bonds.
The committee meeting, held on Tuesday, was chaired by the Finance Mini...
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Budget |
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Govenrment to Provide Citizen-Centric Governance in Order to Improve Taxpayer Services and Redressal of Public Grievances : FM
Posted Date : 15-Feb-2012 , 08:23:24 am | Posted By CASANSAAR
The Union Finance Minister Shri Pranab Mukherjee has said that initiative of the Government is to provide citizen-centric governance in order to improve taxpayer services and redressal of public grievances. The Finance Minister Shri Mukherjee said that to unearth the black money, the Government has ...
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Income Tax |
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0 | Hits : 608
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Employment of youth high priority for Government, says PM
Posted Date : 15-Feb-2012 , 08:22:01 am | Posted By CASANSAAR
The Prime Minister has emphasised the need to provide gainful opportunities to a large number of young people who join the work force every year by equipping them with demand driven marketable skills.Inaugurating the 44th Indian Labour Conference in New Delhi today, Dr. Manmohan Singh said skill dev...
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General |
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0 | Hits : 666
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Higher tax on properties near Metro lines suggested
Posted Date : 14-Feb-2012 , 04:36:34 pm | Posted By CASANSAAR
The people residing in close proximity to Metro lines may have to shell out more by way of property tax if the urban development ministry suggestion to state governments is implemented. The ministry has sought the state governments' opinion on levying additional taxes on land transactions near t...
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General |
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RBI hikes bank rate after nine years to 9.5%
Posted Date : 14-Feb-2012 , 04:18:43 pm | Posted By CASANSAAR
After a gap of nearly nine years, the Reserve Bank has increased the bank rate by 3.50 percentage points to 9.5 per cent with immediate effect. "This (the increase) should be viewed and understood as one-time technical adjustment to align the Bank Rate with the marginal standing facility (MSF)...
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RBI |
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ICAI bans PW India's top auditor for life in Satyam case
Posted Date : 14-Feb-2012 , 08:15:41 am | Posted By CASANSAAR
Trouble continues for the PricewaterhouseCoopers India network over the Satyam scandal. A little over two months after banning two audit managers from its India network, the Institute of Chartered Accountants of India (ICAI) has banned one of the firm's top audit partner Srinivas Talluri f...
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ICAI |
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0 | Hits : 1410
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Petrol prices may rise by Rs 3 soon after UP polls
Posted Date : 14-Feb-2012 , 08:13:11 am | Posted By CASANSAAR
Petrol prices are expected to rise by about Rs 3 per litre early next month after the crucial assembly election in Uttar Pradesh, industry executives said on Monday. Executives in Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum said petrol rates had not been revised for two mon...
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General |
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Budget 2012: Govt mulls hiking excise duty to 12%
Posted Date : 14-Feb-2012 , 08:06:41 am | Posted By CASANSAAR
The finance ministry is considering a proposal to increase excise duty from 10% to 12%, although still lower than the level before the 2008 financial crisis. The move, officials argue, is aimed at helping the government improve its fiscal situation but it is expected to push up the cost of almost al...
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Budget |
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Empanelment Form for Observers for the CA Exam to be held in May-2012 and the Common Proficiency Test to be held in June-2012
Posted Date : 13-Feb-2012 , 06:14:38 pm | Posted By CASANSAAR
ANNOUNCEMENT FOR EMPANELMENT OF MEMBERS OF THE INSTITUTE TO ACT AS OBSERVERS IN THE CENTRES WHEREIN CHARTERED ACCOUNTANTS EXAMINATIONS ARE CONDUCTED.
The Institute intends to draw a Panel from amongst its Members for acting as Observer at the examination centres in variou...
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Income Tax |
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Black money: Indians have stashed over $500bn in banks abroad, says CBI
Posted Date : 13-Feb-2012 , 04:33:55 pm | Posted By CASANSAAR
Indians are the largest depositors in banks abroad with an estimated 500 billion US dollars (nearly Rs 24.5 lakh crore) of illegal money stashed by them in tax havens, the CBI director said on Monday. India, in particular, has suffered from the flow of illegal funds to tax h...
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Finance |
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National Competition Policy to be launched on March 31: Moily
Posted Date : 13-Feb-2012 , 09:01:15 am | Posted By CASANSAAR
Speaking at a conference on investor awareness and corporate governance organised by the Udupi unit of Chartered Accountants of India at MGM College on Sunday, he said the policy would provide a conducive atmosphere for the investors and would generate employment. He said India would emerge as ...
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Corporate Law |
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0 | Hits : 664
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Rs 2,000 crore transactions under I-T scanner
Posted Date : 13-Feb-2012 , 08:59:01 am | Posted By CASANSAAR
In a major crackdown, the Income Tax department has under its scanner more than 22 crore instances of High Value transactions in the country and abroad which include unreported credit card operations and deals in real estate. The department has obtained, through its data mining and intelligence t...
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Income Tax |
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0 | Hits : 812
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Budget 2012: Tax deduction on home loans may be raised to Rs 3 lakh
Posted Date : 13-Feb-2012 , 08:56:22 am | Posted By CASANSAAR
In a bid to boost housing sector credit, the government is contemplating to enhance income tax exemption for up to Rs 3 lakh paid as interest on housing loans in a year, from the existing limit of Rs 1.5 lakh.
The government is considering to raise the tax deduction limit for housing loan in the ...
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Category :
Income Tax |
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0 | Hits : 1080
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New President & Vice-President of ICAI
Posted Date : 12-Feb-2012 , 03:10:59 pm | Posted By CASANSAAR
CASANSAAR Team Congrats New President & Vice-President of ICAI
CA. Jaydeep Narendra ShahPresident, ICAI
CA. Subodh Kumar AgrawalVice-President, ICAI
...
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ICAI |
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0 | Hits : 2386
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SC pulls up SEBI for leaking Sahara Group's proposal to media
Posted Date : 12-Feb-2012 , 12:16:48 pm | Posted By CASANSAAR
The Supreme Court has pulled up market regulator SEBI for leaking to media details of the proposal of Sahara Group's list of property sent to it as a guarantee to ensure that interest of investors are protected.
The apex court said it was 'distressed' that the proposal sent by Sahara's counsel to...
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SEBI |
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Google, Yahoo! under fire; Enforcement Directorate to probe forex law violation
Posted Date : 12-Feb-2012 , 12:15:53 pm | Posted By CASANSAAR
Internet search giants Google and Yahoo! are being investigated for possible violations of the country's foreign exchange law, a government official said, intensifying pressure on them as they wage a legal battle over screening of 'objectionable' content on their websites.
The Enforcement Dire...
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General |
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0 | Hits : 666
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November 2011 Examination CA PCC, IPCC Pass Percentage
Posted Date : 11-Feb-2012 , 09:56:07 pm | Posted By CASANSAAR
The results of the Chartered Accountants IPCCExamination held in November 2011 was declared recently. The details of percentage of candidates passed in the above said examinations are given below; &nb...
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Students Zone |
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0 | Hits : 3670
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Govt approved 20 foreign direct investment of Rs 1,034 crore
Posted Date : 11-Feb-2012 , 09:25:24 pm | Posted By CASANSAAR
The Government today approved 20 foreign direct investment proposals amounting to around Rs 1,034 crore. The proposals were cleared following recommendations of the Foreign Investment Promotion Board.According to the Ministry of Finance release, the Government cleared Singapore-based Fluke South Eas...
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Finance |
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0 | Hits : 664
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Discontinuation of Despatch of Admit Cards in physical form - ICAI
Posted Date : 10-Feb-2012 , 10:51:49 am | Posted By CASANSAAR
Candidates may please note that dispatch of Physical Admit Cards is being discontinued with effect from MAY 2012 exam onwards.
Admit Cards will be hosted on the website www.icai.nic. in normally 21 days prior to the commencement of the examination.
...
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Students Zone |
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1 | Hits : 1832
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2G case: Chartered Accountant resiling from statement to save RADAG officials, says CBI
Posted Date : 10-Feb-2012 , 07:48:50 am | Posted By CASANSAAR
A prosecution witness in 2G spectrum case was today accused by CBI in a Delhi court of resiling from his statement to save the three Reliance ADA Group officials who are facing trial in the case. Nilesh Doshi, a chartered accountant, was accused by CBI of making a "false statement" as a witness ...
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GST |
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Budget 2012: House panel for raising income tax exemption limit to Rs 3 lakh
Posted Date : 10-Feb-2012 , 07:44:36 am | Posted By CASANSAAR
A key Parliamentary Committee will adopt tomorrow the crucial report on Direct Taxes Code (DTC) Bill and recommend raising the income tax exemption limit to Rs 3 lakh from Rs 1.8 lakh at present. The Standing Committee on Finance, headed by former Finance Minister and senior BJP leader Yashw...
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Income Tax |
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0 | Hits : 940
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US watchdog fines Ernst & Young $2 mln over audits
Posted Date : 09-Feb-2012 , 09:39:05 am | Posted By CASANSAAR
The Public Company Accounting Oversight Board said it also sanctioned four current and former Ernst & Young partners for violating PCAOB rules in the audits of Medicis, which sells prescription drugs for asthma and skin conditions.
Ernst & Young settled without admitting or denying the PC...
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Category :
Auditing |
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0 | Hits : 1075
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IT dept gets over 3000 complaints on e-refund, e-filing
Posted Date : 09-Feb-2012 , 09:35:49 am | Posted By CASANSAAR
The Income Tax (I-T) department has received a large number of complaints from the assesses in relation to e-refund and e-filing of income tax returns, which were launched in 2006. So far, the department received as many as 3,009 complaints through citizen's charter and 111 grievances were re...
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Category :
Income Tax |
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0 | Hits : 902
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Sebi to give MCA names of over 500 cos who violated CIS rules
Posted Date : 08-Feb-2012 , 06:37:00 pm | Posted By CASANSAAR
Market regulator Sebi has decided to share with the Ministry of Corporate Affairs the names of over 500 companies, which have garnered money from investors in violation of its Collective Investment Scheme (CIS) rules.Sebi would also give the names of the directors of such entities to the M...
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SEBI |
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Genpact beats expectations with 27% growth in sales to $1.6 billion
Posted Date : 08-Feb-2012 , 08:40:06 am | Posted By CASANSAAR
India's largest BPO firm Genpact on Tuesday beat market expectations to report a 27% rise in its annual revenues to $1.6 billion, on account of cash flows from Headstrong clients and growth in its non-GE business, but guided a lower growth for 2012. The Gurgaon-based BPO firm expects 2012 revenue...
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International Business |
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0 | Hits : 797
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UIDAI launches online verification of Aadhaar numbers
Posted Date : 08-Feb-2012 , 08:38:40 am | Posted By CASANSAAR
The Unique Identification Authority of India (UIDAI) on Tuesday launched its online authentication of Aadhaar numbers facility, which is proposed to help banks, telecom companies and government departments authenticate an Indian resident, via mobile phones, computers, tablets or other devices, ...
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General |
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0 | Hits : 920
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Now, book railway tickets 4 months in advance
Posted Date : 08-Feb-2012 , 08:37:13 am | Posted By CASANSAAR
The railways has decided to increase the advance reservation period from the current 90 days to 120 days from March 10. "It has been decided to increase the advance reservat-ion period from 90 days to 120 days on experimental basis," the commercial department's circular said. The railways claim...
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General |
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0 | Hits : 847
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Collection of direct taxes grew 16%, slower than the required 35%
Posted Date : 08-Feb-2012 , 08:33:13 am | Posted By CASANSAAR
India's direct tax collection grew 16% in 10 months this fiscal, sharply lower than the 35% pace needed to meet the government's full-year projection. According to figures available with the income-tax department, direct tax receipts in the current fiscal to February 5 grew to 3.6 lakh crore, ag...
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Category :
Income Tax |
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0 | Hits : 633
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Sebi directs two to pay Rs 2.72 cr for unlawful gains
Posted Date : 08-Feb-2012 , 08:26:34 am | Posted By CASANSAAR
Market regulator the Securities and Exchange Board of India (Sebi) has directed two individuals -- Shailesh S Jhaveri and Harsha M Shah -- to collectively pay Rs 2.72 crore for their involvement in fraudulent and unfair trade practices during preferential allotment of shares of Ojas Technochem Pro...
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SEBI |
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0 | Hits : 647
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RBI asks banks to refund unclaimed deposits estimated over 1700 crore rupees
Posted Date : 08-Feb-2012 , 08:22:55 am | Posted By CASANSAAR
The Reserve Bank of India, RBI on Tuesday asked banks to locate and refund unclaimed deposits estimated at over 1700 crore rupees. In an instruction to banks, the RBI said that banks in public interest must play a more pro-active role by finding the whereabouts of the account holders of unclaimed de...
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RBI |
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