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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Banking |
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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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RBI |
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0 | Hits : 896
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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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SEBI |
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0 | Hits : 3027
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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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CBDT |
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1 | Hits : 1163
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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 |
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0 | Hits : 965
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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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Bank Branch Audit |
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0 | Hits : 1921
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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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International Business |
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0 | Hits : 829
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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 |
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0 | Hits : 1063
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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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RBI |
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0 | Hits : 1371
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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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GST |
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0 | Hits : 2963
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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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RBI |
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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 |
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0 | Hits : 1926
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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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RBI |
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0 | Hits : 789
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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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SEBI |
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0 | Hits : 711
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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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General |
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0 | Hits : 815
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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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GST |
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0 | Hits : 1764
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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 |
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0 | Hits : 1340
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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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GST |
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0 | Hits : 1010
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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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TDS |
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0 | Hits : 1068
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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 |
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1 | Hits : 7170
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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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CBDT |
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Advisory for Bank Branch Auditors- 2019-20 - ICAI
Posted Date : 16-Apr-2020 , 08:59:24 am | Posted By CASANSAAR
Advisory for Bank Branch Auditors- 2019-20
It is to inform that Professional Development Committee,ICAI has issued an advisory for the Bank Branch Auditors for initiating the process of Statutory bank branch audit remotely to ensure timely and effective Bank Audit.
The said advisory has been...
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Bank Branch Audit |
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0 | Hits : 4448
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Bank Branch Audit 2020 - Update on Allotment of Branches
Posted Date : 15-Apr-2020 , 01:08:22 pm | Posted By CASANSAAR
Bank Branch Audit 2020 - Update on Allotment of Branches
As per information received, RBI has approved the Bank Branch Audit Panel. Banks have started sending mails for allotment of Branches.
Following Banks has started sending emails for allotment of branches as informed by Members on o...
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Bank Branch Audit |
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34 | Hits : 62983
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Recent Judicial Pronouncements from Business Head | Income Tax Act
Posted Date : 15-Apr-2020 , 10:48:40 am | Posted By CASANSAAR
Separate Recent Judicial Pronouncements from Business Head of Income Tax Act 1961 discussed by CA.(Adv) Kapil Goel.
https://youtu.be/m2JFa1Jzdz4
Dont forget to like the video and Subscribe CA Sansaar YouTube Channel.
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Category :
Income Tax |
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0 | Hits : 855
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Electronic documents for clearing imports allowed - CBIC
Posted Date : 15-Apr-2020 , 10:48:15 am | Posted By CASANSAAR
In a move that will help movement of essential goods and commodities through customs, the government has allowed importers and customs brokers to give electronic out of charge copies of bill of entry and eGatepass from April 15.
The latest reform towards paperless customs will help tide over diff...
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Category :
GST |
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0 | Hits : 1825
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More than 5 lakh hacked Zoom accounts up for sale on Dark Web
Posted Date : 15-Apr-2020 , 10:43:29 am | Posted By CASANSAAR
Experts at US cyber security firm Cyble have detected over 5 lakh Zoom account credentials available for sale online on the Dark Web. Hackers were selling usernames and passwords linked to more than 500,000 Zoom accounts on the Dark Web and other hacker forums for less than a penny each and, i...
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Category :
General |
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0 | Hits : 2310
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RBI announces dates for issuance of sovereign Gold bonds
Posted Date : 15-Apr-2020 , 10:20:58 am | Posted By CASANSAAR
The Reserve Bank of India (RBI), after consultation with the Centre, has announced the issue dates of the sovereign gold bond scheme 2020-21.
There bonds will be issued in six tranches, beginning 28 April and ending 08 September 2020. The RBI will come out with an issue every month. Please see th...
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RBI |
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0 | Hits : 958
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Revolutionary Section for CA Practitioners | Section 80JJAA | Income Tax Act
Posted Date : 14-Apr-2020 , 09:04:41 am | Posted By CASANSAAR
Revolutionary Section for CA Practitioners - Section 80JJAA of the Income Tax Act, 1961 discussed by CA. Vipin Garg.
https://youtu.be/K-1_xFg8m80
*Dont forget to Like the Video and Subscribe CA Sansaar YouTube Channel*
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Category :
Income Tax |
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0 | Hits : 1099
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NCDEX gets SEBI go-ahead for Rs 500 crore IPO
Posted Date : 14-Apr-2020 , 09:04:31 am | Posted By CASANSAAR
Agricultural commodity bourse, National Commodity and Derivatives Exchange Ltd (NCDEX), has received capital market regulator Sebi's approval to launch the Rs 500-crore initial public offer (IPO).
The offering comprises a fresh issue aggregating up to Rs 100 crore and an offer for sale of up ...
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SEBI |
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0 | Hits : 1013
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Supreme Court rejects plea against PM CARES Fund
Posted Date : 14-Apr-2020 , 09:02:12 am | Posted By CASANSAAR
The Supreme Court on Monday refused to entertain a plea seeking quashing of the decision to set up the PM CARES Fund, where people can donate money, to deal with the situation arising out of the COVID-19 pandemic.
A bench headed by Chief Justice S A Bobde described the PIL filed by lawyer M L Sha...
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General |
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0 | Hits : 889
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