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MCA extends period for filing of names for companies and re-submission of forms
Posted Date : 24-Apr-2020 , 10:55:47 am | Posted By CASANSAAR

MCA extends period for filing of names for companies and re-submission of forms....

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Category : MCA | Comments : 0 | Hits : 187

GST PMT 09 Live on GST Portal | File GST PMT-09
Posted Date : 23-Apr-2020 , 10:27:02 am | Posted By CASANSAAR

GST portal update Form PMT-09 is live on GST Portal. How taxpayer can transfer cash balance under one head to another head explained by CA. Mansi Vohra.. https://youtu.be/5Z-051O07Tw ...

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Category : GST | Comments : 0 | Hits : 1512

MCA allows companies to hold first AGM before September 30
Posted Date : 23-Apr-2020 , 10:15:49 am | Posted By CASANSAAR

The Ministry of Corporate Affairs (MCA) allowed companies whose financial year ended in December, to hold their first Annual General Meeting (AGMs) within the first nine months of their current fiscal or September 30, without it being viewed as a violation under the Companies Act. The relaxation ...

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Category : Corporate Law | Comments : 0 | Hits : 193

Bank Audit using Excel | Excel Tips and Tricks for Bank Audit - Part 2
Posted Date : 22-Apr-2020 , 10:24:07 am | Posted By CASANSAAR

How Excel can help in doing Bank Audits | Excel Tips and Tricks for Bank Audit - Part 2 discussed by CA. Deepak Garg. Watch the Video,,,., https://youtu.be/gHGTRzaEhdM Dont Forget to Subscribe CA Sansaar YouTube Channel. ...

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Category : Bank Branch Audit | Comments : 0 | Hits : 969

RBI asks banks to extend all benefits announced by govt pertaining to short-term crop loans to farmers
Posted Date : 22-Apr-2020 , 10:22:18 am | Posted By CASANSAAR

The Reserve Bank of India has asked banks to extend the benefit of interest subvention (IS) and prompt repayment incentive (PRI) for short-term crop loans to farmers till 31st May, 2020. In a notification, RBI said, it has observed that many farmers are not able to travel to bank branches for paymen...

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Category : RBI | Comments : 0 | Hits : 650

Emails to taxpayers for tax refund should not be misconstrued - CBDT
Posted Date : 22-Apr-2020 , 10:19:28 am | Posted By CASANSAAR

The Central Board of Direct Taxes, CBDT, today refuted rumours circulated on social media alleging that the Income Tax Department is pursuing recovery proceedings and using arm-twisting methods by adjusting outstanding demands of the start-ups. CBDT stated these observations completely unfounded and...

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Category : CBDT | Comments : 0 | Hits : 611

SEBI eases fund raising norms for share sales, rights issues
Posted Date : 22-Apr-2020 , 10:16:27 am | Posted By CASANSAAR

India’s markets regulator on Tuesday said it has granted a one-time relaxation in its primary market fund-raising norms to make it easier for companies to raise capital amid the covid-19 pandemic. The Securities and Exchange Board of India (Sebi) has extended its period of approval for init...

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Category : SEBI | Comments : 0 | Hits : 267

Amendments in TDS Provisions by Finance Act 2020 | Changes in TDS Provisions
Posted Date : 21-Apr-2020 , 11:09:58 am | Posted By CASANSAAR

Amendments in TDS Provisions by Finance Act 2020 discussed by CA.Saloni Varshney. Watch the Video,,,, https://youtu.be/LUcxlQUSc4I ...

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Category : TDS | Comments : 0 | Hits : 523

SEBI extends trading curbs to contain market volatility till May end
Posted Date : 21-Apr-2020 , 11:09:44 am | Posted By CASANSAAR

The Securities and Exchange Board of India (Sebi) on Monday said the measures aimed at containing the wild swings in stock prices would continue till the end of next month. On March 20, the markets regulator had imposed temporary restrictions on short-selling, increased margin requirements, and h...

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Category : SEBI | Comments : 0 | Hits : 312

ED attaches assets worth Rs.175.29 Cr in bank fraud case
Posted Date : 21-Apr-2020 , 11:08:05 am | Posted By CASANSAAR

The Enforcement Directorate (ED) has attached 124 immovable properties worth more than Rs 175 crore of a West Bengal-based company in connection with a money laundering probe linked to an alleged bank fraud case, the agency said on Monday. It said a provisional order for attachment of the assets ...

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Category : Banking | Comments : 0 | Hits : 2271

RBI Circular | Assets Classification and Provisioning | NPA Identifications
Posted Date : 20-Apr-2020 , 08:58:49 am | Posted By CASANSAAR

RBI Latest Circular on Assets Classification and Provisioning and Identification of  NPA for Bank Audits discussed by CA. Ashish Gupta. Watch this Video,,, https://youtu.be/bSPo2Z94u88 ...

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Category : RBI | Comments : 0 | Hits : 359

SEBI, MCA seek essential service status for Auditors of listed companies
Posted Date : 20-Apr-2020 , 08:51:15 am | Posted By CASANSAAR

Market regulator Securities and Exchange Board of India (Sebi) has written to the Ministry of Corporate Affairs to take up the matter of permitting auditors of listed companies to operate from April 20, 2020 with the Ministry of Home Affairs. The Home Ministry through a recent notification exempted ...

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Category : SEBI | Comments : 0 | Hits : 2356

CBDT revised return forms for FY 2019-20 to be notified by end of this month
Posted Date : 20-Apr-2020 , 08:46:03 am | Posted By CASANSAAR

Central Board of Direct Taxes is revising the return forms for Financial Year 2019-20 which shall be notified by the end of this month. This is being done in order to enable income tax payers to avail full benefit of various timeline extensions upto 30th of June granted by Centre due to COVID-19 pan...

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Category : CBDT | Comments : 1 | Hits : 525

Series of Webinar for PM Cares Fund - Not on Zoom
Posted Date : 19-Apr-2020 , 12:29:40 pm | Posted By CASANSAAR

On the Request of Members,,,, CA Sansaar is going to organise again Series of Webinar for Members' interest and also for the PM Cares Fund.   Seminar Participation Fees :- Pay Any Amount as per your discretion to PM Cares Fund. (Rs.21/-, Rs.51/- or Rs.101/-) ...

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Category : International Business | Comments : 0 | Hits : 308

LFAR | Long Form Audit Report | Bank Branch Audit | Bank Audit Planning
Posted Date : 19-Apr-2020 , 10:27:45 am | Posted By CASANSAAR

Bank Audit Planning and clause by clause discussion on LFAR (Long Form Audit Report) by CA. Nayan R.Kothari. Watch this Video,,, https://youtu.be/61xzOclEC4k ...

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Category : Bank Branch Audit | Comments : 0 | Hits : 1042

Firm, individual from country sharing border with India can invest only after govt approval - DPIIT
Posted Date : 19-Apr-2020 , 10:21:03 am | Posted By CASANSAAR

A company or an individual from a country that shares land border with India can invest in any sector here only after getting government approval, according to DPIIT. The decision, which is likely to impact foreign investments from countries like China, has been taken to curb "opportunistic ...

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Category : International Business | Comments : 0 | Hits : 222

Procedure for Registration of Charitable and Religious entities
Posted Date : 19-Apr-2020 , 10:08:22 am | Posted By CASANSAAR

Procedure for Registration of Charitable and Religious entities (Trust or Societies) under Income Tax Act, 1961 as per the Finance Act, 2020 discussed by CA. Vidhu Duggal. Watch this Video,,,, https://youtu.be/BQscM2t3g3U ...

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Category : Income Tax | Comments : 0 | Hits : 485

RBI gives NPA classification reprieve to accounts under 3-month moratorium
Posted Date : 18-Apr-2020 , 10:36:37 am | Posted By CASANSAAR

The Reserve Bank of India has decided to provide an asset classification standstill for standard accounts that avail a moratorium between 1 March and 31 May, said governor Shaktikanta Das on Friday. This effectively means that the bad loan classification period changes to 180 days for all such ac...

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Category : RBI | Comments : 0 | Hits : 731

GST Refund worth Rs. 5575 Cr processed in 15 days
Posted Date : 18-Apr-2020 , 10:36:14 am | Posted By CASANSAAR

The Central Board of Excise and Custom (CBIC) on Friday reported settling GST (Goods and Services Tax) refund claims worth ₹5,575 crore. Since March 30, the board processed nearly 13,000 refund applications. “While in the last week itself, CBIC has processed 7,873 claims worth ₹3,854 cr...

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Category : GST | Comments : 0 | Hits : 2354

RBI bans banks, cooperatives from paying dividends
Posted Date : 18-Apr-2020 , 10:35:53 am | Posted By CASANSAAR

The Reserve Bank on Friday debarred all commercial and cooperative banks from paying dividends to shareholders and promoter groups as the regulator fears the Covid-driven economic shocks would continue longer and may put the health of the financial system at risk. The decision will hit the alread...

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Category : RBI | Comments : 0 | Hits : 150

Committed to help GST taxpayers in COVID-19 situations - CBIC
Posted Date : 18-Apr-2020 , 10:05:13 am | Posted By CASANSAAR

  The Central Board of Indirect Taxes and Customs (CBIC) said that it is fully committed to help the GST taxpayers in the present COVID-19 situation. Since 30th March 2020, CBIC has processed 12,923 refund applications involving claims worth Rs 5,575 Crore, while in the last week its...

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Category : GST | Comments : 0 | Hits : 1327

RBI slashes reverse repo rate by 25 bps, no change in repo rate
Posted Date : 17-Apr-2020 , 12:00:48 pm | Posted By CASANSAAR

Addressing the media for the second time since the Narendra Modi government imposed a national lockdown on March 25, RBI Governor Shaktikanta Das announced a reduction in reverse repo rate by 25 basis points from 4 per cent earlier to 3.75 per cent now. The reduction in reverse repo rate is one of a...

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Category : RBI | Comments : 0 | Hits : 138

SEBI relaxed Compliance requirements for brokers
Posted Date : 17-Apr-2020 , 09:50:37 am | Posted By CASANSAAR

Markets regulator Sebi on Thursday relaxed compliance requirements for brokers with regards to submission of reports pertaining to client funding and system audit in the wake of the coronavirus pandemic. The decision comes after receiving a representation from stock exchanges, the Securities and ...

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Category : SEBI | Comments : 0 | Hits : 100

Govt of India issues advisory, says Zoom not secure video conferencing platform
Posted Date : 17-Apr-2020 , 09:45:05 am | Posted By CASANSAAR

Controversy-ridden video conferencing platform Zoom has ‘eventually’ come under the radar of the Government of India. The Ministry of Home Affairs on Thursday put out a detailed two-page long advisory for Zoom users in India, to safeguard their ‘virtual’ meetings from prying ...

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Category : General | Comments : 0 | Hits : 220

Wish List of Relaxations under GST to the Assesses during COVID-19
Posted Date : 17-Apr-2020 , 09:39:15 am | Posted By CASANSAAR

  Wish List of Relaxations under GST to the Assesses during COVID-19, Suggestion to the GST Council, Central Govt to provide such relaxations under GST. Watch this Video,,,   https://youtu.be/rPun-6f8FOg ...

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Category : GST | Comments : 0 | Hits : 1161

Changes under GST due to COVID-19
Posted Date : 17-Apr-2020 , 09:38:23 am | Posted By CASANSAAR

  Changes under GST due to COVID-19 discussed by CA.(Dr) Gaurag Gupta. Watch this Video,,, https://youtu.be/Zm4nHYMioYA ...

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Category : GST | Comments : 0 | Hits : 783

FAQs on GST Composition Levy | Extension of due date for opting of Composition Scheme
Posted Date : 17-Apr-2020 , 09:37:10 am | Posted By CASANSAAR

FAQs on GST Composition Levy - Extension of due date for opting of composition scheme discussed by CA.Mansi Vohra. Watch this Video,,,,, https://youtu.be/RWfz46FCQis   ...

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Category : GST | Comments : 0 | Hits : 494

TDS Circular on Employee's Salary | Old or New Tax Regime under Income Tax Act
Posted Date : 17-Apr-2020 , 09:20:28 am | Posted By CASANSAAR

TDS Circular on Employee's Salary | Old or New Tax Regime under Income Tax Act, 1961 Declaration to be taken from employees by employer  discussed by CA.Shivangi Mittal. https://youtu.be/hCKd-GNSaXo ...

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Category : TDS | Comments : 0 | Hits : 288

IBA written to RBI for Audit of Selected Branches for Bank Audit
Posted Date : 16-Apr-2020 , 09:54:16 am | Posted By CASANSAAR

Indian Banks’ Association (IBA) has written to the Reserve Bank of India that it would be a challenge for the branch statutory auditors to physically cover all the required number of branches for statutory audit within the stipulated timeframe. “We, therefore, suggest that banks be gi...

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Category : Bank Branch Audit | Comments : 1 | Hits : 6240

CBDT issues over 10 lakh refunds worth Rs 4,250 Cr in a week
Posted Date : 16-Apr-2020 , 09:04:23 am | Posted By CASANSAAR

Central Board of Direct taxes, CBDT, has processed over 10 lakh refunds worth four thousand 250 crore rupees in a week. These refunds are over and above the two crore 50 lakh refunds already issued in 2019 -20 till 31st of March totaling to one lakh 84 thousand crore rupees. Last week, CBDT had said...

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Category : CBDT | Comments : 0 | Hits : 226

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