European Parliament approves Brexit deal with Britain
Posted Date : 30-Jan-2020 , 09:19:45 am | Posted By CASANSAAR
European Parliament has voted overwhelmingly to approve the Brexit deal with London, clearing the final hurdle for Britain's departure from the EU.
The vote was 621 to 49 in favour of the Brexit deal that British Prime Minister Boris Johnson negotiated with the other 27 EU leaders.After Brita...
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International Business |
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RBI imposes Rs 1 Cr penalty on HDFC Bank
Posted Date : 29-Jan-2020 , 10:51:37 pm | Posted By CASANSAAR
The Reserve Bank of India has imposed a penalty of Rs 1 crore on HDFC Bank for non-compliance with Know Your Customer (KYC) norms, the central bank said on Wednesday.
The RBI in a release said that supervisory evaluation of the bank (2016-17) revealed that the HDFC Bank had “failed to exerc...
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RBI |
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0 | Hits : 870
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MCA notifies rules for winding up of Companies under Companies Act
Posted Date : 29-Jan-2020 , 10:49:38 pm | Posted By CASANSAAR
The Ministry of Corporate Affairs (MCA) on Tuesday notified rules for winding up of companies, making it easier for smaller firms to wind up businesses without taking approval.
The rules have provided summary procedures for liquidation of companies with asset size of Rs 1 crore and which ha...
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MCA |
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0 | Hits : 1800
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MCA may soon tighten reporting norms for Auditors
Posted Date : 29-Jan-2020 , 09:41:08 am | Posted By CASANSAAR
The government is planning to tighten reporting norms for auditors to ensure they perform their duties responsibly, BusinessLine reported.
The Ministry of Corporate Affairs (MCA) might tweak the Companies Auditors Report Order (CARO) and the audit reporting standards as mandated under the Compani...
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Auditing |
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0 | Hits : 1859
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Simplification of GSTR 9 & GSTR 9C Discussion on tweets by GST Tech
Posted Date : 28-Jan-2020 , 09:51:42 am | Posted By CASANSAAR
Simplification of GSTR-9 & GSTR-9C Discussion on tweets by GST Tech On 27/01/2020 by CA Mohit Gupta.
Watch this Video.
https://youtu.be/mouFG_04qOE
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GST |
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0 | Hits : 1449
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5000 Companies under scanner over mismatch between Income Tax and GST filings
Posted Date : 28-Jan-2020 , 09:48:13 am | Posted By CASANSAAR
Around 5,000 companies have come under the scanner of tax authorities due to alleged discrepancies between their Goods and Services Tax (GST) filings and Income Tax (I-T) returns, Business Standard reported.
The Central Board of Direct Taxes (CBDT) has ordered search-and-survey operations against...
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Income Tax |
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0 | Hits : 4163
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Shri Sunil Mehta appointed as IBA Chief Executive
Posted Date : 28-Jan-2020 , 09:46:19 am | Posted By CASANSAAR
Shri Sunil Mehta took over as Chief Executive of IBA on January 27, 2020. He retired as Managing Director and CEO of Punjab National Bank.
He Succeds Shri V G Kannana Who demitted Office as Chief Excutive on 31st December 2019 after being at the half for three years.#casansaar (Source - IBA)
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General |
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0 | Hits : 1025
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Analysis of Rule 86A - Blocking of ITC
Posted Date : 28-Jan-2020 , 09:13:11 am | Posted By CASANSAAR
Fraudulent इनपुट पे सरकार का वार!!! Fake Supplier खबरदार .
Analysis of Rule 86A - Blocking of ITC by CA. Bhavesh Mittal.
https://youtu.be/dnoxO7YRRXo
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Category :
GST |
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0 | Hits : 1070
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Govt blocks Rs 40,000 Cr GST claims on returns mismatch
Posted Date : 28-Jan-2020 , 09:11:09 am | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) has frozen tax credits of around Rs 40,000 crore as the returns did not match, exposing alleged fraud by close to 2,000 entities, apart from cases where returns were not filed. Last week, the indirect tax wing of the revenue department blocked t...
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GST |
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0 | Hits : 1199
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Govt invites bids to sell 100 % stake in Air India
Posted Date : 28-Jan-2020 , 09:03:45 am | Posted By CASANSAAR
Government has invited bids to sell its 100 per cent stake in Air India. Issuing the preliminary bid document for the strategic disinvestment yesterday, government set the March 17, as the deadline for submitting expression of interest.
As part of the strategic disinvestment, Air India would also...
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Category :
General |
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0 | Hits : 661
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Govt puts out advertisement for SEBI Chairman post
Posted Date : 27-Jan-2020 , 10:08:04 pm | Posted By CASANSAAR
The Union government released an advertisement inviting applications for the post of the chairman of Securities Exchange Board of India (Sebi). The advertisement, dated 24 January, comes weeks before current chairman's three-year tenure comes to an end in March this year.
Ajay Tyagi had assum...
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SEBI |
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0 | Hits : 742
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Stagger dates for filing GSTR 3B
Posted Date : 25-Jan-2020 , 10:27:07 am | Posted By CASANSAAR
Stagger dates for filing GSTR 3B explained by CA.Bhawna Kindra.
Watch this Video.
https://youtu.be/o73B8OFWegs
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Category :
GST |
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0 | Hits : 1137
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GST authorities to block GST Credit of over 1,000 Taxpayers
Posted Date : 25-Jan-2020 , 10:17:05 am | Posted By CASANSAAR
The government has asked GST authorities to block input tax credit of about 1,000 taxpayers who have allegedly claimed more credit than they were eligible for, according to a senior official.
The Central Board of Indirect Taxes and Customs has asked every commissionerate to identify top 20 taxpay...
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Category :
GST |
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0 | Hits : 1574
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Power Grid moves SC against DoT demand of Rs 22K Cr
Posted Date : 25-Jan-2020 , 10:07:37 am | Posted By CASANSAAR
State-run transmission utility Power Grid Corporation on January 24 said it has filed an application before Supreme Court against Department of Telecom's demand of around Rs 22,000 crore in past dues, saying its revenue from telecom business was only 2 per cent of its turnover.
Followin...
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Category :
Income Tax |
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0 | Hits : 718
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Undisclosed Assets of hotel group worth Rs 1,000 Cr detected - CBDT
Posted Date : 25-Jan-2020 , 10:00:09 am | Posted By CASANSAAR
The Income Tax department's raids on the properties of a prominent chain of luxury hotels have revealed undisclosed foreign assets worth more than Rs 1,000 crore, the Central Board of Direct Taxes (CBDT) said in a statement on Friday. The group- Bharat Hotels- runs The Lalit hotel in central Del...
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Category :
Income Tax |
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0 | Hits : 886
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Tax Invasion is a Social Injustice to fellow citizens - CJI
Posted Date : 25-Jan-2020 , 09:55:36 am | Posted By CASANSAAR
The Chief Justice of India, Mr. Justice S.A. Bobde has said that the Tax Invasion is a Social Injustice to follow citizens and arbitrary or excessive tax is also results in injustice to tax payers. He was addressing the gathering after inaugurating the 79th Foundation Day Celebrations and All India ...
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Income Tax |
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0 | Hits : 1028
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RBI raises short-term investment limit of FPIs to 30% from 20% of portfolio
Posted Date : 24-Jan-2020 , 10:42:39 am | Posted By CASANSAAR
With foreign investors dumping Indian debt but keeping up their investment in equities, the Reserve Bank of India (RBI) on Thursday increased the short-term investment limit of such investors. It doubled the limit in case they voluntarily disclose their investment plan before hand.
In two separat...
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RBI |
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0 | Hits : 874
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Alberta invites Express Entry candidates with CRS scores of 350
Posted Date : 24-Jan-2020 , 10:13:14 am | Posted By CASANSAAR
Express Entry candidates may have received invitations to apply for a provincial nomination from Alberta on January 9.
Alberta issued 150 invitations, or Notifications of Interest (NOIs), to candidates in the federal Express Entry Pool.Candidates with Comprehensive Ranking System (CRS) scores as ...
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Category :
International Business |
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0 | Hits : 5579
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The Fifteenth Finance Commission meets representatives of Urban Local Bodies of Goa
Posted Date : 23-Jan-2020 , 03:58:41 pm | Posted By CASANSAAR
The 15th Finance Commission headed by Chairman, Shri N.K. Singh alongwith its Members and senior officials today met with the representatives of the Urban Local Bodies (ULBs) of Goa today.
The Commission was informed that:
Out of the 18 functions envisaged in Twelfth Schedule of the Co...
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General |
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0 | Hits : 833
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The Fifteenth Finance Commission meets representatives of RLBs of Goa
Posted Date : 23-Jan-2020 , 03:54:16 pm | Posted By CASANSAAR
The 15th Finance Commission headed by Chairman, Shri N.K. Singh alongwith its Members and senior officials met today with the representatives of the Rural Local Bodies of Goa.
The Commission was informed that:
First State Finance Commission was constituted in 1999 an...
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Category :
General |
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0 | Hits : 711
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Canada invites 3,400 Express Entry candidates to apply for PR
Posted Date : 23-Jan-2020 , 10:24:03 am | Posted By CASANSAAR
The Government of Canada issued 3,400 invitations to apply for Canadian Permanent Residence to Express Entry candidates in a draw held January 22.
The cut-off Comprehensive Ranking System (CRS) score in today’s draw was 471, a reduction of 2 points over the minimum score in the previous Exp...
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International Business |
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0 | Hits : 1642
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Govt can’t invalidate PAN for lack of Aadhaar linkage - HC
Posted Date : 23-Jan-2020 , 10:13:59 am | Posted By CASANSAAR
The Gujarat high court said that a person’s Income Tax (I-T) permanent account number (PAN) does not become invalid for filing income tax returns and making transactions just because it is not linked to their Aadhaar card.
The HC said the government cannot make a PAN inoperative or hold the...
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PAN |
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0 | Hits : 1039
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Govt mulls mediation to solve tax issues with companies
Posted Date : 23-Jan-2020 , 10:10:53 am | Posted By CASANSAAR
The government may adopt a mediation mechanism that will help companies determine their future tax liabilities and even settle disputes, said a person familiar with the development. The concept, which is widely prevalent overseas, is being discussed amid preparations for the February 1 budget, the p...
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Income Tax |
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0 | Hits : 756
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Nation pays homage to Subhas Chandra Bose on his 123rd birth anniversary
Posted Date : 23-Jan-2020 , 10:02:23 am | Posted By CASANSAAR
Nation pays homage to Netaji Subhas Chandra Bose on his 123rd birth anniversary today. A number of functions have been organised across the country to mark the occasion. In West Bengal, Governor Jaghdeep Dhankhar will pay floral tribute at the statue of Netaji in Kolkata.
Chief Minister Mamata Ba...
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General |
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0 | Hits : 775
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Now the GST Taxpayers can file their GSTR-3B Returns in a Staggered Manner
Posted Date : 22-Jan-2020 , 07:22:16 pm | Posted By CASANSAAR
Considering the difficulties faced by trade and industry in filing of returns, the government has decided to introduce several measures to ease the process. The Finance Ministry today said that now GST taxpayers can file their GSTR-3B returns in a staggered manner.
Presently the last date of fili...
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GST |
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0 | Hits : 1129
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SEBI to hire independent agencies to dispose of attached assets
Posted Date : 22-Jan-2020 , 06:41:34 pm | Posted By CASANSAAR
To help it recover pending dues from defaulters, Sebi has decided to rope in independent agencies for conducting valuation and sale of assets attached by the capital markets watchdog. Inviting bids from the interested parties, Sebi said it has been initiating proceedings against various defaulters f...
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SEBI |
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0 | Hits : 1023
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Capital Gain on sales of Immovable Property and Judicial Pronouncements
Posted Date : 22-Jan-2020 , 10:39:10 am | Posted By CASANSAAR
Capital Gain on sales of Immovable Property and Judicial Pronouncements explained by CA.Rajat Bajoria.
https://youtu.be/vgW3X9eK1_U
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Category :
Income Tax |
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0 | Hits : 1041
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NCLT ban on ex-bankers appointment as Resolution Professionals - NCLAT
Posted Date : 22-Jan-2020 , 10:06:39 am | Posted By CASANSAAR
The National Company Law Appellate Tribunal (NCLAT) last week stayed a recent order by the National Company Law Tribunal’s New Delhi Bench, which prohibited appointing a former bank official as independent resolution professional (IRP) of a bankrupt company because of the possibility of &ldquo...
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Insolvent Professional |
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0 | Hits : 1107
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SEBI notifies norms, scraps upfront fees for portfolio management services
Posted Date : 22-Jan-2020 , 10:00:23 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) notified its norms for portfolio managers on Tuesday, doubling the minimum investment amount to be taken from clients to Rs 50 lakh and asking such managers to raise their net worth to Rs 5 crore within three years of notification.
Under portfolio...
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SEBI |
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0 | Hits : 1074
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Income tax dept serves notices to over 44,000 cases under e-assessment scheme
Posted Date : 22-Jan-2020 , 09:53:51 am | Posted By CASANSAAR
After the launch of e-assessment facility in October last year, out of 58,322 cases selected for faceless assessment, digitally signed notices were served in 44,285 cases (as on date), as announced by ministry of finance.
The e-assessment scheme will usher a paradigm shift in a way tax proc...
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Category :
Income Tax |
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0 | Hits : 1955
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