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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 | Comments : 0 | Hits : 1073

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 : 1407

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 : 2967

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 : 759

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 : 1938

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 : 807

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 : 712

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 : 823

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 : 1765

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 : 1344

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 : 1011

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 : 1073

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 : 7186

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 : 869

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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Category : Bank Branch Audit | Comments : 0 | Hits : 4452

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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Category : Bank Branch Audit | Comments : 34 | Hits : 62987

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 | Comments : 0 | Hits : 856

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 | Comments : 0 | Hits : 1833

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 | Comments : 0 | Hits : 2314

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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Category : RBI | Comments : 0 | Hits : 977

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* Stay Home, Stay Safe, Stay Updated. (We Care for You)  ...

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Category : Income Tax | Comments : 0 | Hits : 1102

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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Category : SEBI | Comments : 0 | Hits : 1032

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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Category : General | Comments : 0 | Hits : 890

GST on Director Remuneration | AAR's Ruling on Directors Remuneration
Posted Date : 13-Apr-2020 , 09:14:03 am | Posted By CASANSAAR

Remuneration paid to directors to attract GST by Rajasthan bench of the AAR in the case of Clay Craft India Pvt Ltd. discussed by CA.(Dr.) Gaurav Gupta) https://youtu.be/bUtuc4gYgIA  Stay Home, Stay Safe, Stay Updated (We Care for You) ...

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Category : GST | Comments : 0 | Hits : 982

Chinese Central Bank picks up 1.75 Cr Shares in HDFC
Posted Date : 13-Apr-2020 , 09:13:52 am | Posted By CASANSAAR

The People’s Bank of China (PBoC) purchased 1.75 crore shares in one of the largest housing finance lenders, HDFC Ltd, possibly in the March quarter. The Chinese Central Bank has bought 1,74,92,909 crore shares, or 1.01 percent of the shareholding, according to exchange data. The share purc...

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Category : Banking | Comments : 0 | Hits : 1621

GST Registration requirements in case of supply from other States
Posted Date : 13-Apr-2020 , 08:45:38 am | Posted By CASANSAAR

GST Registration requirements in case of supply from other States - Karnataka AAR's Ruling in case of Kardex India Solutions (P) Ltd. discussed by CA.(Dr) Gaurav Gupta) https://youtu.be/cHbKAD68fy4  Stay Home, Stay Safe, Stay Updated (We Care for You) ...

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Category : GST | Comments : 0 | Hits : 904

Bank Audit under CBS | NPA Identification | Bank Branch Audit
Posted Date : 12-Apr-2020 , 09:38:12 am | Posted By CASANSAAR

Bank Audit under CBS Environments - Identification of NPA under CBS and Finacle, BaNCS Commands discussed by CA. Kuntal P Shah. Watch this Video,,,, https://youtu.be/F4TDfQuSSZA ...

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Category : Bank Branch Audit | Comments : 0 | Hits : 1944

Fin Min extends deadline for mandatory minimum deposit in PPF, Sukanya Samriddhi Account till June 30
Posted Date : 12-Apr-2020 , 09:37:56 am | Posted By CASANSAAR

Finance Ministry has extended the deadline for mandatory minimum deposit in Public Provident Fund (PPF) and Sukanya Samriddhi Account (SSA) for 2019-20 by three months up to June 30 in view of the lockdown due to coronavirus outbreak.   The Finance Ministry in a tweet said that relaxation wil...

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Category : Finance | Comments : 0 | Hits : 1903

Donations to CM relief fund cannot be counted as CSR - MCA
Posted Date : 12-Apr-2020 , 09:33:58 am | Posted By CASANSAAR

MCA has clarified that companies cannot make financial contributions to any ‘Chief Minister’s Relief Fund’ or ‘State Relief Fund for COVID-19′ and claim that as ‘corporate social responsibility’ (CSR) spending as per existing law. This clarification comes...

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Category : Corporate Law | Comments : 0 | Hits : 856

Banks ask customers to be cautious against frauds
Posted Date : 11-Apr-2020 , 11:22:32 am | Posted By CASANSAAR

Several banks have cautioned their customers against possible attempts by fraudsters as they became active to exploit the three-month loan repayment moratorium offer in the wake of the coronavirus outbreak, officials said on Friday. The cyber criminals pretending as officials of banks have b...

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Category : Banking | Comments : 0 | Hits : 948

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