SLP Filed before SC against the order of Rajasthan HC
Posted Date : 07-Feb-2020 , 10:24:05 am | Posted By CASANSAAR
SLP has been Filed before Supreme Court of India against the order of Rajasthan HC regarding acceptance of GSTR-9 and GSTR-9C without late fees till February 12, in the matter of Tax Bar Association Vs UOI.
The Jodhpur bench of the Rajasthan High Court has directed the Revenue department to ...
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GST |
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Selection of Auditors - Policy of Empanelment of CA Firms
Posted Date : 07-Feb-2020 , 10:00:01 am | Posted By CASANSAAR
Selection of Auditors - Policy of Empanelment of CA Firms explained by CA. Bhawna Dawar.
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https://youtu.be/bFze1O1CbsQ
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CAG |
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ITR forms may come pre-filled with capital gains, dividend, interest income
Posted Date : 07-Feb-2020 , 09:54:08 am | Posted By CASANSAAR
The government is likely to introduce pre-filled Income-Tax Return (ITR) forms for taxpayers with data on their capital gains from mutual funds, shares, dividend income and interest received from banks. Worth mentioning here is that the government has already introduced amendments to the Income Tax ...
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ITR |
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RBI to implement Pan-India cheque truncation system by Sep
Posted Date : 07-Feb-2020 , 09:48:46 am | Posted By CASANSAAR
In a bid to accelerate clearance of cheques, the Reserve Bank of India (RBI) on Thursday said it has decided to implement a cheque truncation system (CTS) across the country by September this year.
RBI introduced this system in 2010. At present, it is operational in some major cities. "...
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RBI |
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Income tax dept launches e-calculator to compare due tax under new, old regime
Posted Date : 06-Feb-2020 , 08:57:16 pm | Posted By CASANSAAR
The Income-Tax Department has launched an e-calculator for individuals to estimate their tax liability if they opt for the new tax slabs, without claiming deductions and exemptions, for ITR filing as announced in the recent Budget, officials said on Thursday.
The calculator, with a comparative ta...
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Income Tax |
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RBI keeps repo rate, reverse repo rate unchanged
Posted Date : 06-Feb-2020 , 08:54:38 pm | Posted By CASANSAAR
RBI Governor Shaktikanta Das today said that the Monetary Policy Committee’s decision to maintain status quo on policy rates for the second time in a row, must not be viewed as a pointer for future action.
Addressing the post-policy press conference in Mumbai today, Mr. Das said even though...
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RBI |
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ED attaches Rs 184.68-crore worth assets of CA, others in Bank Fraud
Posted Date : 06-Feb-2020 , 12:34:54 pm | Posted By CASANSAAR
(Source - Financial Express)
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CA |
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CBI arrests 3 company directors in Rs 2654 Cr bank fraud case
Posted Date : 06-Feb-2020 , 12:33:35 pm | Posted By CASANSAAR
(Source - IANS,Business Standard)
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Companies Act |
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Syndicate Bank writes off Rs 883 crore against fraud
Posted Date : 06-Feb-2020 , 12:27:46 pm | Posted By CASANSAAR
News Source - LiveMint
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Banking |
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0 | Hits : 2273
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New Express Entry draw produces 3,500 invitations to apply for Canadian PR
Posted Date : 06-Feb-2020 , 10:08:08 am | Posted By CASANSAAR
The Government of Canada issued 3,500 invitations to apply for Canadian permanent residence to Express Entry candidates in a draw held February 5.
The minimum Comprehensive Ranking System (CRS) score in this latest invitation round was 472, an increase of one point over the previous draw held Jan...
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International Business |
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0 | Hits : 818
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Cabinet approves amendment to bring cooperative banks under RBI
Posted Date : 06-Feb-2020 , 10:03:15 am | Posted By CASANSAAR
The Union Cabinet on Wednesday approved amendments to the Banking Regulation Act to bring cooperative banks under the regulatory mechanism of Reserve Bank of India. The government has taken this move in the wake of the Punjab and Maharashtra Co-operative (PMC) Bank crisis.
The move will ensure gr...
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RBI |
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0 | Hits : 863
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Budget 2020 - Individuals can switch tax regime every year
Posted Date : 06-Feb-2020 , 09:56:31 am | Posted By CASANSAAR
Taxpayers can switch back and forth between the existing income tax regime and the new one that offers lower slabs without exemptions, said the Central Board of Direct Taxes (CBDT) chairman PC Mody.
However, business owners won’t have this option. “Let it be very clearly noted that th...
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Budget |
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Rs.30 crore gets credited in flower vendor's wife bank account
Posted Date : 06-Feb-2020 , 09:53:11 am | Posted By CASANSAAR
A flower vendor from Channapatna town in Karnataka got a shock of his life when he found a credit of Rs.30 crore in his wife's bank account. This happened when Syed Malik Burhan was struggling to meet expenses for a medical emergency in the family.
According to reports, bank officials knocked...
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Banking |
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0 | Hits : 1084
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Govt likely to introduce lottery system to boost GST compliance soon
Posted Date : 05-Feb-2020 , 09:43:52 am | Posted By CASANSAAR
In a bid to encourage customers to ask for bills while making a purchase, the government is planning to introduce a lottery system, offering between Rs 10 lakh-one crore under the Goods and Services Tax (GST). Interim chairman of the Central Board of Indirect Taxes (CBIC) John Joseph said the govern...
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GST |
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FM to table Vivad se Vishwas Bill in Lok Sabha today
Posted Date : 05-Feb-2020 , 09:19:27 am | Posted By CASANSAAR
The Direct Tax Vivad Se Vishwas Bill, 2020 is expected to be tabled in Lok Sabha today. The bill aims at reducing litigations in the direct taxes payments.
Under the 'Vivad se Vishwas' scheme announced in the Union Budget, taxpayers whose tax demands are locked in dispute in multipl...
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Category :
Income Tax |
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0 | Hits : 1059
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Number of Indians shifting to Canada has doubled
Posted Date : 04-Feb-2020 , 09:49:11 pm | Posted By CASANSAAR
The number of Indians migrating to Canada has doubled in 2019, according to an American think tank.
The shift is due to increased restrictions on immigration by the United States government, the National Foundation for American Policy (NFAP) said.
Till November 2019, 80,685 Indians had opted f...
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International Business |
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0 | Hits : 1167
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MCA orders inspection of Zee Entertainment's books
Posted Date : 04-Feb-2020 , 09:46:52 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs has ordered an inspection of the financials of Zee Entertainment Enterprises Limited (ZEEL) following allegations of corporate governance lapses and after some of its independent directors quit recently, a source told Moneycontrol.
The inspection has been ordered...
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Category :
Corporate Law |
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0 | Hits : 858
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De-criminalisation of penalties for Companies Law breaches
Posted Date : 04-Feb-2020 , 09:43:51 pm | Posted By CASANSAAR
Through the Companies (Amendment) Act, 2019, changes were made in the Companies Act, 2013, inter alia, to convert 16 criminal offences into civil wrongs. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajy...
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Corporate Law |
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0 | Hits : 844
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CBDT issues clarification on the applicability of TDS provisions on Mutual Fund dividend
Posted Date : 04-Feb-2020 , 09:42:57 pm | Posted By CASANSAAR
The Finance Bill, 2020 proposed to remove Dividend Distribution Tax (DDT) at the level of Company/ Mutual Fund and proposed to tax the same in the hands of share/unit holder. It was also proposed to levy TDS at the rate of 10% on the dividend/ income paid by the Company/Mutual Fund to its ...
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CBDT |
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0 | Hits : 945
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Man held for using fake invoices worth Rs 1,200 Cr - Delhi GST Officers
Posted Date : 04-Feb-2020 , 09:01:49 am | Posted By CASANSAAR
A man has been arrested here for allegedly using fake invoices worth over Rs 1,200 crore to get tax benefits, an official statement said on Monday.
Daya Shankar Kushwaha, who was arrested by tax officers recently, used a network of 49 shell firms for defrauding the government, it said.
"T...
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GST |
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0 | Hits : 1200
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CBIC extends GSTR-9 and GSTR-9C filing dates to February 5 and 7
Posted Date : 04-Feb-2020 , 08:49:44 am | Posted By CASANSAAR
The due dates for GSTR9 and 9C has been extended further in a staggered format. In a tweet CBIC says, the due dates for GSTR-9 and GSTR-9C for FY 2017-18 are being extended in a staggered manner for different groups of States to 5th and 7th February 2020.
The new due dates for Chandigarh, Delhi, ...
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GST |
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0 | Hits : 2798
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Pass Percentage of CA Foundation & IPC Nov 2019 Exam
Posted Date : 04-Feb-2020 , 08:36:38 am | Posted By CASANSAAR
RESULTS OF CHARTERED ACCOUNTANTS FOUNDATION EXAMINATION HELD IN NOVEMBER – 2019
The details of percentage of candidates passed in the above said examination are given below:
GENDER
No. of
Candidates
appeared
No. of
Candidates
passed
% of ...
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CA Exams |
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0 | Hits : 2731
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Govt to release due GST compensation to states in 2 installments
Posted Date : 03-Feb-2020 , 09:34:24 pm | Posted By CASANSAAR
The Centre will release all due GST compensation to states in two instalments, Union Minister Anurag Thakur said in Lok Sabha on Monday.
The reply came after MPs from Telangana and Odisha complained during Question Hour that their states were not getting the share of the Goods and Services Tax (G...
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Category :
GST |
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0 | Hits : 790
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Analysis of Union Budget 2020 - Direct Tax Proposals
Posted Date : 03-Feb-2020 , 09:29:38 am | Posted By CASANSAAR
Analysis of Union Budget 2020 - Direct Tax Proposals by CA. Kapil Goel with CA. Vivek Khurana.
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https://youtu.be/kRENebrlMkQ
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Category :
Budget |
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Analysis of GST Proposals under Union Budget 2020
Posted Date : 03-Feb-2020 , 09:27:56 am | Posted By CASANSAAR
Analysis of GST Proposals under Union Budget 2020 explained by CA. Gaurav Gupta with CA. Vivek Khurana.
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https://youtu.be/jlrt8n95zps
...
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GST |
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0 | Hits : 1057
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No intention to tax global income of NRIs in India - FM
Posted Date : 03-Feb-2020 , 09:16:06 am | Posted By CASANSAAR
Finance Minister Nirmala Sitharaman on Sunday said that there is no intention to tax global income of NRIs and only income generated in India will be taxed.
Following the Budget announcement on Saturday there was confusion about the tax liability of Non-Resident Indians (NRIs) on their global inc...
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Budget |
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0 | Hits : 826
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CBDT issues clarification on the new provision in Finance Bill 2020
Posted Date : 03-Feb-2020 , 09:13:58 am | Posted By CASANSAAR
Central Board of Direct Taxes has said that The Finance Bill, 2020 has proposed that an Indian citizen shall be deemed to be resident in India if he or she is not liable to be taxed in any country or jurisdiction.
It said that the new provision in Finance Bill, 2020 is not intended to inclu...
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CBDT |
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0 | Hits : 1362
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New Personal Income Tax Regime heralds significant relief, especially for Middle Class Taxpayers
Posted Date : 01-Feb-2020 , 02:54:26 pm | Posted By CASANSAAR
In order to provide significant relief to the individual taxpayers and to simplify the Income-Tax law, the Union Budget proposes to bring a new and simplified personal income tax regime wherein income tax rates will be significantly reduced for the individual taxpayers who forgo certain deductions a...
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Category :
Income Tax |
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0 | Hits : 796
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MSMEs turnover threshold for Audit increased 5 times to Rs 5 Cr
Posted Date : 01-Feb-2020 , 02:54:11 pm | Posted By CASANSAAR
In order to reduce the compliance burden on small retailers, traders, shop keepers who comprise the Medium, Small and Micro Enterprise (MSME) sector, the Union Budget proposed to raise by five times the turnover threshold for audit from the existing Rs. 1 crore to Rs. 5 crore. While presenting ...
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Budget |
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0 | Hits : 1008
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FM proposes wide-ranging facilitation measures in Direct Tax Regime
Posted Date : 01-Feb-2020 , 02:48:04 pm | Posted By CASANSAAR
The Union Budget has proposed ‘Vivad Se Vishwas’ Scheme (No dispute but trust) which aims at reducing litigations in the direct taxes payments. While presenting the Union Budget 2020-21 in Parliament today, the Union Minister for Finance & Corporate Affa...
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Category :
Budget |
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0 | Hits : 773
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