Login  |  Register  |  Forgot Password 
Below Login Ad

News - (Get Professional Updates on Whatsapp, Msg on 8285393786)

Delhi-based businessman arrested for passing on fake input tax credit of Rs.128 Cr
Posted Date : 26-Jul-2021 , 08:45:52 am | Posted By CASANSAAR

GST Intelligence officials have arrested a Delhi-based businessman here for allegedly fraudulently passing on input tax credit (ITC) worth ₹128 crore, a senior official said on Sunday. Investigations conducted by the officials of the Chandigarh zonal unit of the Directorate General of GST (Good...

Continue Reading...

Category : GST | Comments : 0 | Hits : 2028

RBI revises personal loan limit for bank directors to Rs.5 Cr from Rs.25 lakh
Posted Date : 24-Jul-2021 , 09:42:36 am | Posted By CASANSAAR

The Reserve Bank of India (RBI) has raised the limit of personal loan amount that can be granted by lenders to directors of other banks and their families at not more than ₹5 crore from ₹25 lakh. "The proposals for credit facilities of an amount less than ₹25 or ₹5 crore (as the case ma...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 1441

IBBI amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016
Posted Date : 22-Jul-2021 , 09:52:53 am | Posted By CASANSAAR

The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2016 on 14th July, 2021. The amendment regulations enhance the discipline, transparency, and account...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1165

CBDT grants further relaxation in electronic filing of Income Tax Forms 15CA/15CB
Posted Date : 21-Jul-2021 , 09:12:07 am | Posted By CASANSAAR

As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electronically. Presently, taxpayers upload the Form 15CA, along with the Chartered Accountant Certificate in Form 15CB, wherever applicable, on the e-filing portal, before submitting the copy to the authorized dealer ...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 1169

Delhi High Court orders CBI to probe Income Tax department email
Posted Date : 20-Jul-2021 , 08:37:55 am | Posted By CASANSAAR

The Delhi High Court has directed the Central Bureau of Investigation (CBI) to launch an enquiry into an email, sent from the official address of the Income Tax Department to a taxpayer seeking adjournment of the case under e-proceedings. The court order follows the petitioner, Three C Homes, whi...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 2412

Rs 21,231 Cr spent by 21,349 companies on CSR funds in 2019-20
Posted Date : 20-Jul-2021 , 08:33:05 am | Posted By CASANSAAR

Corporate houses spend a huge sum on Corporate Social Responsibility (CSR) for the welfare of workers and local people in the country. This was stated by Minister of State for the Ministry of Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in the Lok Sabha today. Giving...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 1057

New curbs on insolvency resolution professionals
Posted Date : 17-Jul-2021 , 09:06:18 am | Posted By CASANSAAR

Insolvency resolution professionals hired by lenders to rescue bankrupt companies cannot continue in that role if any of their colleagues represent any of the parties in that case, says a new rule brought out by the Insolvency and Bankruptcy Board of India (IBBI). The change seeks to eliminate a ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1246

GST only on monthly maintenance over Rs 7,500 - Madras HC
Posted Date : 15-Jul-2021 , 09:36:14 am | Posted By CASANSAAR

In a relief to resident welfare association (RWA) members across middle and high-end housing societies, the Madras High Court has ruled that the goods and services tax (GST) is applicable to monthly maintenance amount exceeding ₹7,500 only and not on the full amount. The decision overturns a 20...

Continue Reading...

Category : GST | Comments : 0 | Hits : 2243

WhatsApp messages have no evidential value - Supreme Court
Posted Date : 15-Jul-2021 , 09:30:42 am | Posted By CASANSAAR

‘Popularity is not a measure of reliability’ appears to have played on the minds of the Supreme Court, which on Wednesday said messages exchanged on social media platform WhatsApp have no evidential value and that the author of such WhatsApp messages cannot be tied to them, especially in...

Continue Reading...

Category : WhatsApp | Comments : 0 | Hits : 1805

Cabinet approves increase in Dearness Allowance and Dearness Relief
Posted Date : 15-Jul-2021 , 09:21:05 am | Posted By CASANSAAR

The Cabinet Committee chaired by the Hon’ble Prime Minister Shri Narendra Modi today has approved increase the Dearness Allowance to Central Government employees and Dearness Relief to pensioners with effect from 01.07.2021 to 28% representing an increase of 11% over the existing rate of 17% o...

Continue Reading...

Category : General | Comments : 0 | Hits : 1093

GST officers unearth over Rs 35,000 Cr fraud in 2020-21, arrest 426 people
Posted Date : 14-Jul-2021 , 10:10:34 am | Posted By CASANSAAR

In the year-long crackdown on tax evasion, the GST authorities have unearthed over Rs 35,000 crore of tax fraud committed by misuse of input tax credit provision under the Goods and Services Tax (GST) regime. During the 2020-21 financial year, the CGST zones and the Directorate General of GST Intell...

Continue Reading...

Category : GST | Comments : 0 | Hits : 2253

GST officers bust network of 23 firms involved in fake ITC claims of Rs 550 cr
Posted Date : 13-Jul-2021 , 09:32:04 am | Posted By CASANSAAR

GST officers have busted a network of 23 entities involved in creation of fake invoices worth Rs 551 crore and passing inadmissible input tax credit worth Rs 91 crore. Based upon specific intelligence, the officers of the anti-evasion branch of Central Goods and Service Tax (CGST) Commissionerate...

Continue Reading...

Category : GST | Comments : 0 | Hits : 1141

BSE, NSE issue guidelines for companies undergoing insolvency proceedings
Posted Date : 10-Jul-2021 , 09:50:04 am | Posted By CASANSAAR

In a bid to address information asymmetry among investors, stock exchanges, BSE and NSE, on Friday came out with a framework for dealing with companies undergoing corporate insolvency resolution process. In the recent past, the exchanges have come across instances where the approved resolution pl...

Continue Reading...

Category : Insolvent Professional | Comments : 0 | Hits : 1103

CBIC streamlines faceless assessment for faster customs clearance
Posted Date : 10-Jul-2021 , 09:45:53 am | Posted By CASANSAAR

The CBIC has streamlined certain processes in Customs faceless assessment under which a customs officer would have to communicate his 'first decision' on the import document filed by an importer within three working hours. In a circular to all principal chief commissioners of customs, the...

Continue Reading...

Category : Custom | Comments : 0 | Hits : 1402

Sovereign Gold Bond Scheme 2021-22–Series-IV- Issue price
Posted Date : 10-Jul-2021 , 09:40:05 am | Posted By CASANSAAR

In terms of Government of India Notification No.4(5)-B(W&M)/2021 dated May 12, 2021, Sovereign Gold Bonds 2021-22 (Series IV) will be opened for the period July 12-16, 2021 with Settlement date July 20, 2021. The issue price of the Bond during the subscription period shall be Rs 4,807 (Rupees Fo...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 1470

RBI imposes penalty on 14 banks for non-compliance of rules
Posted Date : 08-Jul-2021 , 08:46:48 am | Posted By CASANSAAR

The Reserve Bank of India has imposed monetary penalties on 14 banks including Bank of Baroda and State Bank of India (SBI) for non-compliance of rules. While Bank of Baroda has been fined two crore rupees, Bandhan Bank, Bank of Maharashtra, Central Bank of India, Credit Suisse, Indian Bank, IndusIn...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 3033

GST collection for June falls to Rs 92,849 Cr, lowest in 10 months
Posted Date : 07-Jul-2021 , 10:05:12 am | Posted By CASANSAAR

The economic impact the 'second wave' of Covid-19 showed on Goods and Service Tax (GST) as collections for June 2021 fell to Rs 92,849 crore, the Finance Ministry said on July 6. This is the first time in nine months that monthly GST collections have slipped below the Rs 1 lakh crore mark. ...

Continue Reading...

Category : GST | Comments : 0 | Hits : 1179

Govt creates Ministry of Co-operation for strengthening of cooperatives
Posted Date : 07-Jul-2021 , 09:29:34 am | Posted By CASANSAAR

The Union Government has created a separate Ministry of Co-operation for realizing the vision of 'Sahkar se Samriddhi'. This Ministry will provide a separate administrative, legal and policy framework for strengthening the cooperative movement in the country. It will help deepen co-operative...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 1128

CBDT extends date for manual filing of tax forms for foreign remittance
Posted Date : 06-Jul-2021 , 09:40:28 am | Posted By CASANSAAR

The Central Board of Direct Taxes, CBDT has granted further relaxation in electronic filing of Income Tax Forms 15CA and 15CB and extended the date of filing from 30th June to 15th July, 2021. The taxpayers can now submit these forms in manual format to the authorized dealers till 15th of this month...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1234

SEBI fines IL&FS, AFSPL for fraudulent MF transactions
Posted Date : 05-Jul-2021 , 10:15:13 am | Posted By CASANSAAR

The Securities and Exchange Board of India (SEBI) has fined IL&FS Securities Services Ltd and Allied Financial Services Pvt Ltd (AFSPL) over involvement in fraudulent transfer of mutual fund units from client's accounts. The SEBI has imposed a total penalty of Rs 26 crore on IL&FS Sec...

Continue Reading...

Category : SEBI | Comments : 0 | Hits : 889

Businesses need not deduct TDS on share/commodity purchases via exchanges - CBDT
Posted Date : 05-Jul-2021 , 10:13:14 am | Posted By CASANSAAR

Businesses buying shares or commodities traded through recognised stock or commodity exchanges for any value even above Rs 50 lakh will not be required to deduct TDS on transaction, the Income-Tax Department has said. The I-T department has introduced a provision relating to Tax Deducted at Sourc...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 1229

Investment advisers cannot manage funds, securities on clients' behalf - SEBI
Posted Date : 04-Jul-2021 , 09:09:26 am | Posted By CASANSAAR

Investment advisers cannot manage funds as well as securities on behalf of their clients and should not contemplate asking power of attorney in this regard, markets regulator Securities and Exchange Board of India (Sebi) has said. Such advisers can only provide investment advise to clients, it ad...

Continue Reading...

Category : SEBI | Comments : 0 | Hits : 1715

SC refuses to stay RBI Notices to Bank under RTI To Disclose Information
Posted Date : 03-Jul-2021 , 11:03:15 am | Posted By CASANSAAR

The Supreme Court on Friday refused the prayers made by Punjab National Bank and Union Bank of India to stay the RTI notices issued to them by the Reserve Bank of India to disclose information related to defaulters list, inspection reports etc. A division bench comprising Justices S Abdul Nazeer ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 1518

RBI imposes monetary penalty on Punjab and Sind Bank
Posted Date : 03-Jul-2021 , 08:14:01 am | Posted By CASANSAAR

The Reserve Bank of India on Friday imposed a penalty of ₹25 lakh on Punjab and Sind Bank for non-compliance with certain provisions of directions on 'Cyber Security Framework in Banks'. The state-owned bank had reported a few cyber incidents to the RBI on May 16 and 20, 2020, the central ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 923

Govt announces inclusion of Retail and Wholesale trades as MSMEs
Posted Date : 02-Jul-2021 , 02:26:16 pm | Posted By CASANSAAR

Minister of MSME and Road Transport and Highways Shri Nitin Gadkari today announced revised guidelines for MSMEs with inclusion of Retail and Wholesale trades as MSMEs. In a Tweet he said under the leadership of PM Shri Narendra Modi Ji, we are committed to strengthening of MSME and make them engine...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1363

SEBI tightens norms on independent Directors
Posted Date : 02-Jul-2021 , 10:28:20 am | Posted By CASANSAAR

In an attempt to give more power to non-promoting shareholders in a company, markets regulator Sebi on Tuesday said that two-thirds of the members of the nomination & remuneration committee (NRC) and the audit committee (AC) of the board of a listed company should be independent directors. Curre...

Continue Reading...

Category : SEBI | Comments : 0 | Hits : 1899

Government to honour tax payers who have been part of GST's success story
Posted Date : 01-Jul-2021 , 09:33:35 am | Posted By CASANSAAR

The Goods and Services Tax (GST) system, country’s biggest tax reform, is going to complete four years today. During these years, several key policy initiatives were taken by the government to make the GST system and compliance mechanism simple, transparent and technology driven. GST is a r...

Continue Reading...

Category : GST | Comments : 0 | Hits : 974

Happy Chartered Accountants Day (01 July 1949 History of the Institute of Chartered Accountants of India)
Posted Date : 01-Jul-2021 , 09:18:39 am | Posted By CASANSAAR

1st JULY 1949 HISTORY OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA   The Companies Act, 1913 passed in pre-independent India prescribed the appointment of a formal Auditor with prescribed qualifications to audit such records. In order to act as an auditor a person had to acquire a r...

Continue Reading...

Category : ICAI | Comments : 0 | Hits : 2774

RBI imposes monetary penalty on 4 co-operative banks
Posted Date : 30-Jun-2021 , 09:00:06 am | Posted By CASANSAAR

The Reserve Bank of India (RBI) has imposed monetary penalty on Andhra Pradesh Mahesh Co-operative Urban Bank, (₹112.50 lakh); Ahmedabad Mercantile Co-operative Bank (₹62.50 lakh), SVC Co-operative Bank (₹37.50 lakh) and Saraswat Co-operative Bank (₹25 lakh). RBI, in a statement, said it ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 1058

SEBI approves proposal to introduce framework for Accredited Investors
Posted Date : 30-Jun-2021 , 08:54:40 am | Posted By CASANSAAR

Securities and exchange board of India (SEBI) has approved a proposal to introduce a framework for ‘Accredited Investors’ in the Indian securities market. It will be a class of investors who may be considered to be well informed or well advised about investment products.   Accredi...

Continue Reading...

Category : SEBI | Comments : 0 | Hits : 796

News By Categories

More Categories

Search News

 
 
 

Professional News For CA,CS,CMA.Fresh Accounting News Articles On Income Tax,Service Tax,Sales Tax, Vat,Company Law,RBI,CAG,Custom,Excise On CASANSAAR

www.casansaar.com
...keeps you updated

Home

  |  News

  |  Articles

  |  Discussion

  |  CA Firms

 |  Members

 |  CA Community

 |  Jobs

 |  Empanelment

 |  Files

 |  Matrimonial

 |  Students zone

 |  Queries

 |  Classified Ads

 |  Events

 |  About us

 |   Top Members

 |  Coaching Centres

  | Testimonials

 | Judiciary

 | Videos

 | Notifications/Circulars

 | Book

 | eDirectory

 | Interview

 | Website

 | Emails

 | Software

 |  Score Board

 |   Press Release  

 |   Blood Bank  

  |   Opinion Poll  

  |   Feedback
 |   Advertise us

 |   Terms & Conditions

 |   Privacy Policy

 |   Refund Policy

 |   Contact us
 |   Blog

  |   Sitemap

  |   Auditing

  |   Bank

  |   Bank branch audit

  |   Banking

  |   Black Money

  |   CA

  |   CA Announcement

  |   TDS

  |   Students Zone

  |   Custom

  |   VAT

  |   Service Tax

  |   Corporate Law

  |   General

  |   Excise

  |   SEBI

  |   Finance

  |   GST

  |   ICAI

  |   FEMA

  |   ICWAI

  |   ICSI

  |   DGFT

  |   RBI

  |   IFRS

  |   CAG

  |   Budget

  |   Merger & Acquisitions

  |   International Business

  |   Shares & Stock

  |   Excel Tips

  |   International Taxation

  |   ITR

  |   Chartered Accountant

  |   Tax Audit

  |   Companies Act

  |   Money Laundering

  |   MCA

  |   Income Tax Refund

  |   NPA

  |   Income tax software

  |   CST

  |   CA Exams

  |   CA Results

  |   CBDT

  |   Accounting Standards

  |   DIN

  |   Judical Announcement

  |   MDP

  |   PAN

  |   Whats App

  |   Secretarial Standards

  |   NGO

  |   CA Convocation

  |   Finance Bill

  |   ICAI Notification

  |   CARO

  |   COMPANIES SECRETARY

  |   Accounts

Follow Us : Twitter Icon Facebook Icon Orkut Icon Linkedin Icon Linkedin Icon
Developed By: CASANSAAR Copyright © casansaar

Top Accounting Firms,CA COMMUNITY,CA SANSAAR,Chartered Accountant,Ca Networking Firms,Partner Portal,Ca Assignments,CA,Online Communities For Chartered Accountant,Circle For Ca,CS,CMA and FINANCE,Articles By CA / CS / CMA,accounting news articles,Ca Firms In Delhi,CA ANNOUNCEMENT

accounting jobs,article trainees,best website creator,empanelment,income tax slab, ITR, TDS Chart,budget of india 2014-15,gst,auditing,Income tax,students zone,cpt,community matrimony for ca,Classified Ads,Community Matrimony For Ca,Students Zone,Coaching Classes,Company Secretary,Cost Accountant,Judiciary.