ICAI announced new dates for Postponed Papers
Posted Date : 14-Nov-2019 , 03:45:59 pm | Posted By CASANSAAR
IMPORTANT ANNOUNCEMENT
In partial modification of the Institute’s Notification No. 13-CA(Exam)/N/2019 dated16th August, 2019,
it is notified that the Foundation, Paper 1, Final Examination{Old as well as New Scheme}, Paper 5,
IRM, Paper 1, INTT – AT, Paper 1,Intermediate / Intermedi...
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ICAI |
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ICAI Invites Applications for the Post of Secretary
Posted Date : 14-Nov-2019 , 08:53:59 am | Posted By CASANSAAR
ICAI invites applications from highly competent candidates for the position of SECRETARY (Statutory Position)
The Institute of Chartered Accountants of India (ICAI) is a statutory body established for regulation of the profession of Chartered Accountants in India. ICAI, the s...
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ICAI |
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Concurrent Auditor arrested in PMC Bank scam
Posted Date : 14-Nov-2019 , 08:49:00 am | Posted By CASANSAAR
The Economic Offences Wing (EOW) of Mumbai Police has arrested an concurrent auditor in connection with the alleged Rs 4,355 crore scam at the Punjab & Maharashtra Cooperative (PMC) Bank, an official said on Wednesday.
This is the eighth arrest in the case.
XXXXXXXXX (35), a 'Concorren...
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Auditing |
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Income tax department admits error in charging late ITR filing fee
Posted Date : 14-Nov-2019 , 08:40:05 am | Posted By CASANSAAR
The income tax department has admitted that there has been an inadvertent error while processing income tax returns (ITR) of partners of firms whose accounts are liable to be audited. The taxman has assured that it will rectify the error on its own and remove the late fee charge.
"In a few c...
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Income Tax |
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Facebook removes 5.4 billion fake accounts
Posted Date : 14-Nov-2019 , 08:34:23 am | Posted By CASANSAAR
Facebook says it has stopped 5.4 billion fake accounts so far this year, in a sign of a persistent battle on social media against manipulation and disinformation.
In its latest transparency report, the Internet firm said it has improved its ability to detect and block attempts to create fake and ...
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General |
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Questions and Answers relating to GST Audit / GSTR 9C
Posted Date : 13-Nov-2019 , 09:27:14 am | Posted By CASANSAAR
Questions and Answers relating to GST Audit / GSTR 9C by CA.Rohit Vaswani with CA.Vivek Khurana.
https://youtu.be/fP0fuffxvgA
Don't Forget to SUBSCRIBE CA Sansaar YouTube Channel.
https://www.youtube.com/channel/UC4-Bk3Aw5QKFpn9gw_vFJ...
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GST |
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EOW arrests two Auditors in connection with PMC Bank scam
Posted Date : 13-Nov-2019 , 08:31:18 am | Posted By CASANSAAR
The Economic Offences Wing (EOW) on Monday arrested two auditors in connection with PMC Bank scam and will produce them in Court today seeking their police remand. Earlier five accused have been arrested in the case.
During the course of investigation their association with HDIL came into light a...
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Auditing |
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Over Rs 5,000 Cr dues declared so far in Sabka Vishwas Scheme
Posted Date : 11-Nov-2019 , 10:06:25 pm | Posted By CASANSAAR
More than Rs 5,000 crore worth dues have been declared so far under the government's 'Sabka Vishwas Scheme', which is for settling pending disputes of service tax and central excise.
The Central Board of Indirect Taxes and Customs (CBIC) has asked its principal chief commissioners to ...
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GST |
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Income Tax dept busts Rs 3,300 Cr hawala racket involving infra firms
Posted Date : 11-Nov-2019 , 10:04:22 pm | Posted By CASANSAAR
The CBDT on Monday claimed that the Income Tax Department has busted a hawala racket worth Rs 3,300-crore and spread across multiple cities such as Delhi, Mumbai and Hyderabad with links to "leading corporate houses" in the infrastructure sector.
The raids to unearth the large tax evasi...
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Income Tax |
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Alberta Express Entry issues invitations to candidates with CRS scores as low as 300
Posted Date : 09-Nov-2019 , 02:54:42 pm | Posted By CASANSAAR
Alberta invited 401 Express Entry candidates to apply for a provincial nomination for Canadian permanent residence in its last two draws of October, the province’s immigrant nominee program has revealed.
A draw held October 24 selected 372 candidates with a profile in the federal Expr...
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General |
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Finance Minister asks taxmen not to scare taxpayers
Posted Date : 09-Nov-2019 , 07:24:48 am | Posted By CASANSAAR
The taxpayers of country should not be scared of officers collecting revenue for the country, Finance Minister Nirmala Sitharaman said on November 8.
"In today's free India, serving and being served by its own people and for its own people, it is important that the enforcers don't re...
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Income Tax |
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RBI increases household income limits for borrowers of NBFC-MFIs
Posted Date : 09-Nov-2019 , 07:20:23 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Friday increased the household income limits for borrowers of NBFC-MFIs from 1 lakh to 1.25 lakh rupees for the rural areas with an aim to strengthen credit to those in the bottom of the economic pyramid. Similarly, the limit has been increased from 1.6 lakh for ur...
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RBI |
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CA Exams to be held on 9th Nov has been postponed
Posted Date : 09-Nov-2019 , 07:14:21 am | Posted By CASANSAAR
In view of the reports gathered through electronic media about closure of school and colleges at various part of the country, ALL EXAMINATIONS of the ICAI namely Foundation Paper 1, Final Paper 5, IRM Paper1, INTT AT and DISA ET Paper scheduled for Saturday, November 9th 2019 on all India basis and ...
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CA Exams |
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RBI imposes Rs 5 lakh fine on Oxigen Services
Posted Date : 08-Nov-2019 , 10:39:58 am | Posted By CASANSAAR
The Reserve Bank yesterday said that it has imposed a fine of Rs 5 lakh on prepaid payment instrument Oxigen Services.
The RBI said in a release that the move was taken in exercise of powers vested under Section 30 of the Payment and Settlement Systems Act, 2007, for non-compliance of...
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RBI |
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Govt considers special window for resolution of stressed NBFCs under IBC
Posted Date : 08-Nov-2019 , 09:28:49 am | Posted By CASANSAAR
The government is mulling a special window for resolution of stressed non-banking finance companies under the Insolvency and Bankruptcy Code, a senior government official said.
A special window, is certainly something which is being examined closely, the official said.
The move also comes agai...
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Insolvent Professional |
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CBDT notifies PAN-Aadhaar interchangeability
Posted Date : 08-Nov-2019 , 09:26:24 am | Posted By CASANSAAR
The apex body for direct taxes has amended over 100 forms and returns to provide for interchangeability between permanent account number (PAN) and Aadhaar number.
A notification to this effect was issued by the Central Board of Direct Taxes on Thursday.
The Union Budget presented in July had a...
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CBDT |
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DIN System of CBIC comes into existence from today
Posted Date : 08-Nov-2019 , 09:19:42 am | Posted By CASANSAAR
The Documentation Identification Number (DIN) system of Central Board of Indirect Taxes (CBIC) will come into existence from today. This path breaking system in indirect tax administration has been created as per the direction of Finance Minister Nirmala Sitharaman. Now, any CBIC communication will ...
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GST |
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Flipkart gets stay on insolvency proceedings initiated against it at NCLT
Posted Date : 07-Nov-2019 , 08:13:58 am | Posted By CASANSAAR
Online sales platform Flipkart has got a stay order on insolvency proceedings initiated against it at the National Company Law Tribunal (NCLT), in a case involving alleged withholding of dues to a seller.
CloudWalker Streaming, a Mumbai-based supplier of LED TVs, alleged Flipkart did not honour a...
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Insolvent Professional |
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RBI panel proposes stricter rules for core investment companies
Posted Date : 07-Nov-2019 , 08:12:26 am | Posted By CASANSAAR
Core investment companies (CICs) will have to form board level committees, appoint independent directors and conduct internal audits, if the Reserve Bank of India (RBI) decides to accept the recommendations of a working group formed to improve their corporate governance standards.
The recommendat...
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RBI |
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Govt to issue new rules to bring NBFCs under IBC
Posted Date : 07-Nov-2019 , 08:01:18 am | Posted By CASANSAAR
The fear that at Dewan Housing Finance Corporation (DHFL) may spill over to other non-banking finance companies (NBFC) has pushed the government to introduce fresh rules and regulations to bring even the financial sector under the purview the Insolvency and Bankruptcy Code (IBC).
A government sou...
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Insolvent Professional |
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FM announces special window to complete stalled real estate projects
Posted Date : 07-Nov-2019 , 07:55:06 am | Posted By CASANSAAR
The Cabinet has approved establishment of a 'Special Window' to provide priority debt financing for completion of stalled housing projects in the Affordable and Middle-Income Housing sector.
Briefing media after the Cabinet meeting, Finance Minister Nirmala Sitharaman said a Fund has been...
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Finance |
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Quebec needs 80,000 immigrants per year, not 50,000
Posted Date : 06-Nov-2019 , 04:13:54 pm | Posted By CASANSAAR
To sustain a strong economy, Quebec needs almost twice as many immigrants as it is currently targeting.
In recent years, Canada’s second-largest province has welcomed around 50,000 immigrants annually, ranking second behind Ontario.
On a per capita basis, however, Quebec’s ne...
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International Business |
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HC allows taxpayers to avail disputed pre-GST tax credits
Posted Date : 06-Nov-2019 , 11:07:53 am | Posted By CASANSAAR
An order from the Punjab and Haryana High Court has paved the way for carry forward of CENVAT credit and VAT input credits to the Goods and Services Tax (GST) regime for taxpayers who could not do so due to non-filing or incorrect filing of claims. While this order may be good news for thousands of ...
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GST |
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SEBI issues circular on Aadhaar e-KYC for investors
Posted Date : 06-Nov-2019 , 11:01:48 am | Posted By CASANSAAR
Sebi on Tuesday issued a detailed circular regarding the process to be followed for Aadhaar-based electronic KYC exercise for domestic investors.
The circular mentions about the requirements to be fulfilled by entities registered with the UIDAI as KYC User Agency (KUA) as well as for sub-KUA.
...
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SEBI |
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RBI issues compensation norms for foreign, private banks
Posted Date : 05-Nov-2019 , 10:25:50 am | Posted By CASANSAAR
The Reserve Bank of India has issued compensation guidelines for whole-time directors and chief executives of foreign, private, small finance, payments banks and local area banks, mandating the cash component of variable pay at 67 per cent.
The RBI said if the variable pay is up to 200 per cent o...
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RBI |
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Over 3,400 branches of 26 public sector banks closed or merged in last 5 years
Posted Date : 05-Nov-2019 , 09:01:06 am | Posted By CASANSAAR
Over 3,400 branches of 26 public sector banks (PSBs) have been either closed or merged during the last five financial years due to merger under the consolidation exercise in the banking space, revealed an RTI query.
Of this, 75 per cent of the affected branches belong to the country's biggest...
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Banking |
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SEBI issues clarifications on prohibition of insider trade regulations
Posted Date : 05-Nov-2019 , 08:55:54 am | Posted By CASANSAAR
Listed Indian firms' employees, including foreign nationals, are required to follow the code of conduct while trading in American Depositories Receipts and Global Depositories Receipts, capital market regulator Sebi said on Monday.
Trading in such depository receipts is covered under the Proh...
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Income Tax |
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Income Tax department to issue PAN instantly online
Posted Date : 05-Nov-2019 , 08:50:09 am | Posted By CASANSAAR
The income tax department is set to launch a facility to instantly issue permanent account number (PAN) online, using details available in the Aadhaar database, helping end the wait time for applicants. Sources told TOI the service would be launched over the next few weeks and would also help those ...
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Income Tax |
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MCA recommends fraud probe against DHFL
Posted Date : 04-Nov-2019 , 10:07:02 am | Posted By CASANSAAR
In mounting trouble for the debt ridden Dewan Housing Finance Ltd (DHFL) the Ministry of Corporate Affairs (MCA) has recommended fraud probe against the Non Banking Finance Company (NBFC), said a government official.
This comes after a report by Registrar of Companies (ROC), Mumbai's initial ...
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MCA |
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Three banks report NPA divergence a day after SEBI directive
Posted Date : 03-Nov-2019 , 08:38:17 am | Posted By CASANSAAR
A day after market regulator Sebi put in place tighter disclosure norms, Lakshmi Vilas Bank and two other lenders on Friday reported divergence in their bad loans for the last fiscal ended March 2019.
Sebi on Thursday had directed all listed banks to disclose any divergence in bad loan provisioni...
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SEBI |
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