CA Institute inks pact with UK accountancy body
Posted Date : 08-Jan-2012 , 08:03:27 am | Posted By CASANSAAR
The CA Institute has signed a memorandum of understanding with the Association of International Accountants (AIA), a UK-based professional accountancy body, for reciprocal membership arrangement.
This MOU was signed by the President, Institute of Chartered Accountants of India, Mr G. Ramasway, an...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1480
|
 |
Delhi Businessman discloses Rs 73 cr black money stashed abroad
Posted Date : 08-Jan-2012 , 07:57:35 am | Posted By CASANSAAR
In the biggest ever disclosure of black money stashed abroad, a Delhi-based businessman has disclosed and surrendered Rs 73 crores to the Income Tax department and also gave holding details of lockers in Swiss banks and the US.
The disclosure by the ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 741
|
|
PwC fined
Posted Date : 08-Jan-2012 , 07:50:01 am | Posted By CASANSAAR
Top auditor PricewaterhouseCoopers has been fined a record 1.4 million pounds ($2.2 million) in Britain for wrongly telling local regulators for seven years that JPMorgan Securities was keeping client money safe.
The case brought by the&nbs...
Continue Reading...
Category :
Auditing |
Comments :
0 | Hits : 1045
|
|
RBI cautions investors against illegal finance companies
Posted Date : 08-Jan-2012 , 07:43:55 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) Saturday asked people not to deposit their hard earned money in unauthorised non-banking financial companies (NBFCs) and institutions in the hope of getting hefty returns. "Please do not fall into the trap of hefty returns in quick succession," said RBI executive d...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 751
|
|
More trouble for Vijay Sai from ICAI?
Posted Date : 07-Jan-2012 , 08:31:36 pm | Posted By CASANSAAR
There's more trouble brewing for V Vijay Sai Reddy, who was recently arrested by the CBI, with the Institute of Chartered Accountants of India (ICAI) preparing ground to initiate proceedings against him.
A chartered accountant and founder of audit firm V S Reddy Associates, Vijay Sai is be...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 999
|
|
Cover all statues of Mayawati, BSP symbol: CEC
Posted Date : 07-Jan-2012 , 07:38:32 pm | Posted By CASANSAAR
The Election Commission today said statues of Chief Minister Mayawati and elephants, BSP's poll symbol, installed at a number of places in Uttar Pradesh would be covered during the state assembly election.
"The Commission has decided that statues of the CM and elephants will be draped," Chief E...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 1037
|
|
Revised draft Bank Branch Auditors
Posted Date : 07-Jan-2012 , 08:15:44 am | Posted By CASANSAAR
Revised draft Bank Branch Auditors’ Panel for the year 2011-12 has been hosted at www.meficai.org and will be available till 10th January, 2012.
MEF00001 to MEF10000
MEF10001 to MEF20000
MEF20001 to MEF30000
MEF30001 to MEF40000
MEF40001 onwards
&nb...
Continue Reading...
Category :
Auditing |
Comments :
0 | Hits : 2188
|
|
Union Finance Minister, Shri Pranab Mukherjee's speech at ICAI International Conference, Chennai
Posted Date : 06-Jan-2012 , 09:58:26 pm | Posted By CASANSAAR
"The global financial crisis and the current international economic environment has brought into focus significant challenges for governments across the world. India has also been impacted and continues to face challenges on several fronts. Yet, I would say that we have done well in maintaining the ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1211
|
|
Govt to notify 100% FDI in single-brand retail soon
Posted Date : 06-Jan-2012 , 09:50:57 pm | Posted By CASANSAAR
The government says it will soon notify 100 per cent foreign direct investment in single-brand retail. Secretary in the Department of Industrial Policy and Promotion (DIPP) P K Chaudhery said this in response of a question about issuance of notification of 100 per cent FDI in single-brand retail.The...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 693
|
|
Fiscal deficit for 2011-12 could be more than projected: Pranab
Posted Date : 06-Jan-2012 , 09:49:25 pm | Posted By CASANSAAR
Finance Minister Pranab Mukherjee today said the fiscal deficit for 2011-12 could be more than the projected figure. He said this while addressing a three-day international conference organised by the Institute of Chartered Accountants of India in Chennai. He added, the euro-zone crisis and slow pro...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 702
|
|
Kingfisher Airlines fails to pay dues by January 6 deadline
Posted Date : 06-Jan-2012 , 09:41:39 pm | Posted By CASANSAAR
Debt-ridden Kingfisher Airlines on Friday failed to pay its service tax dues for December, which could lead to freezing of its bank accounts once again, a senior Finance Ministry official said.
"Kingfisher Airlines paid Rs 10 crore (April-November) arrears. We are still awaiting payment of the De...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 989
|
|
Pre-paid mobile users can get bill by paying Rs 50: Trai
Posted Date : 06-Jan-2012 , 07:30:11 pm | Posted By CASANSAAR
In an effort to protect the interests of pre-paid mobile services users, telecom regulator Trai today said they can now get an itemised bill from service providers on request and at a price not exceeding Rs 50. "To ensure that pre-paid consumers get their itemised usage of their account, the ser...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 1490
|
|
Allahabad HC imposes fine of Rs 27.22 lakh on Shanti Bhushan
Posted Date : 06-Jan-2012 , 04:41:39 pm | Posted By CASANSAAR
In a major setback to former union minister Shanti Bhushan, a revenue court on Friday directed him to pay Rs 1.33 crore stamp duty on purchase of property in the prime Civil Lines locality here.
Shanti Bhushan along with his three children were issued a notice earlier this year by the offic...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 884
|
|
RBI cancels licence of Veershaiva Co-operative Bank
Posted Date : 06-Jan-2012 , 04:35:11 pm | Posted By CASANSAAR
The Reserve Bank has cancelled the licence of city-based Veershaiva Co-operative Bank, as the lender has become insolvent. "In view of the fact that Veershaiva Co-operative Bank Ltd, Mumbai (Maharashtra), had ceased to be solvent... the Reserve Bank of India delivered the order cancelling it...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 857
|
|
Satyam's ex-CFO guilty of professional misconduct: ICAI
Posted Date : 06-Jan-2012 , 08:31:24 am | Posted By CASANSAAR
After two years of investigation, the verdict is in. The Institute of Chartered Accounts of India (ICAI) has found Satyam’s former chief financial officer Srinivas Vadlamani and PWC auditor Srinivas Talluri, who signed the comp...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1004
|
|
RBI raises Foreign Currency Convertible Bonds limit to $750 mn
Posted Date : 06-Jan-2012 , 08:29:51 am | Posted By CASANSAAR
RBI raised the annual limit of Foreign Currency Convertible Bonds (FCCBs) for companies to USD 750 million under the automatic route, which does not require prior permission from it. The limit, up from USD 500 million in a fiscal year, will not only help Indian corporate across all segments...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 737
|
|
ED approaches IT dept over secret LGT bank accounts
Posted Date : 06-Jan-2012 , 08:25:18 am | Posted By CASANSAAR
Stepping up its offensive against Indians whose names figured in secret LGT Bank accounts abroad, the Enforcement Directorate (ED) has approached the Income Tax department to provide it with I-T returns and other financial statements of these entities.
Th...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 714
|
|
Meeting cos
Posted Date : 06-Jan-2012 , 08:18:42 am | Posted By CASANSAAR
Reserve Bank of India (RBI) deputy governor Subir Gokarn on Thursday said it was important to ensure that companies could meet their forex obligations. From a policy perspective, he stressed that liquidity rather than cost was the issue.
“We are looking at ways to make sure the flow...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 750
|
|
Income Tax Arrear Letter from CPC Bangalore just a communication of demand not a demand notice
Posted Date : 05-Jan-2012 , 09:46:51 pm | Posted By CASANSAAR
It has been reported in some sections of the press that the Central Processing Centre , Bangalore is sending notices for payment of taxes which are as small as Rs. 1/- , 4/- , 6/-, causing unnecessary hardship to as...
Continue Reading...
Category :
Income Tax |
Comments :
1 | Hits : 2669
|
|
Kingfisher is an NPA: SBI chief Pratip Chaudhuri
Posted Date : 05-Jan-2012 , 09:12:21 pm | Posted By CASANSAAR
Country's largest lender State bank of India has said that its exposure to the ailing airline Kingfisher has become a bad loan, or in banking parlance a non performing asset. "Kingfisher has been unable to pay their dues. And since December 31 it has become a NPA," said SBI's chairman Pratip Chau...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 1028
|
|
General Amnesty Scheme for Retrospective Restoration of Membership - ICAI
Posted Date : 05-Jan-2012 , 06:27:07 pm | Posted By CASANSAAR
GENERAL AMNESTY FOR RETROSPECTIVE RESTORATION OF NAMES FROM REGISTER OF MEMBERS AND CERTIFICATE OF PRACTICE - ICAI.
With a view to mitigating the hardships being faced by such members whose names stand removed as on date due to non-payment of membership fee, the Council ha...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1071
|
|
SEBI launches India
Posted Date : 05-Jan-2012 , 03:18:40 pm | Posted By CASANSAAR
Capital markets regulator Securities and Exchange Board of India, SEBI, has launched India’s first Know Your Customer Registration Agency - KRA.SEBI’s Chairman, Mr. U.K. Sinha launched the service at Bombay Stock Exchange on Wednesday.Talking about the KRA service, Mr. Sinha said that he...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 1021
|
|
Budget after March 9, dates not finalised: Pranab Mukherjee
Posted Date : 05-Jan-2012 , 08:28:55 am | Posted By CASANSAAR
The union budget for 2012-13 would be presented after March 9 following the state assembly elections but no dates have been finalised, Finance Minister Pranab Mukherjee said Wednesday. "We are working out the dates. We will present the budget after assembly election is over. (The model) c...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 915
|
|
Kingfisher Airlines mulls 2,000 job cuts, longer work-hours
Posted Date : 05-Jan-2012 , 08:22:28 am | Posted By CASANSAAR
In a major cost-cutting exercise, private sector air-carrier Kingfisher Airlines is believed to be considering about 2,000 job cuts and longer working hours for its staff, among various options. While e-mailed queries sent to Kingfisher Airlines in this regard remained unanswered, industry ...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 741
|
|
Growth in direct tax collections drops to 8.3 per cent
Posted Date : 05-Jan-2012 , 08:15:12 am | Posted By CASANSAAR
India's annual growth in net direct tax collections slowed to 8.3% in the first nine months of the fiscal, deepening concerns that the government will miss its revenue targets. Net direct tax collections had grown at 9% between April and November. Data released by the Central Board of Direct Taxe...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 694
|
|
SEBI's new move will help the government, promoters and investors
Posted Date : 05-Jan-2012 , 08:13:34 am | Posted By CASANSAAR
The Securities and Exchange Board of India's (Sebi) announcement of an institutional placement programme (IPP) and offer of sale of shares through the stock exchange kills two birds with one stone. The announcement makes it easier for government to sell up to 10% of its stake in listed public sec...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 770
|
|
Govt approves filling up of backlog vacancies in SC/ST categories
Posted Date : 05-Jan-2012 , 08:10:10 am | Posted By CASANSAAR
The Union Cabinet on Wednesday cleared a proposal to fill pending vacancies under the Scheduled Caste and Scheduled Tribes in the Central government. This move will benefit around 50,000 people. The proposal comes soon after the government decision to allow 4.5 percent reservation to the minorities ...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 1058
|
|
CBI arrests Vijay Sai Reddy, Auditor of Y S jagan in the amassing wealth case
Posted Date : 04-Jan-2012 , 06:38:28 pm | Posted By CASANSAAR
The CBI investigating into the illegal amassing of wealth by Y S R Congress president Y S Jaganmohan Reddy today arrested the Vijay Sai Reddy, auditor of Jagati Publication the flagship of Sakshi newspaper and TV channel.
The arrest in the sensational CBI probe against the Kadapa MP and s...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1432
|
|
Extension of Common Proficiency Course (CPC) registration date upto 5th April, 2012
Posted Date : 04-Jan-2012 , 06:27:01 pm | Posted By CASANSAAR
Important Announcement
BoS/Announcement/227/12 ...
Continue Reading...
Category :
Students Zone |
Comments :
0 | Hits : 1193
|
|
Post office savings scheme interest rates not floating: FinMin
Posted Date : 04-Jan-2012 , 04:33:03 pm | Posted By CASANSAAR
The government today said interest rates on post office savings schemes, except the PPF, will remain fixed throughout the term of the scheme. It clarified that interest rate for such small savings will be declared on April 1 every year and will remain valid till the maturity of the scheme.
...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 866
|
|
|
