RBI amends KYC norms, allows banks to use V-CIP
Posted Date : 10-Jan-2020 , 10:21:28 am | Posted By CASANSAAR
The RBI has amended the KYC norms allowing banks and other lending institutions regulated by it to use Video based Customer Identification Process (V-CIP), a move which will help them onboard customers remotely. The V-CIP, which will be consent-based, will make it easier for banks and other regulate...
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RBI |
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CBDT grants relaxation in eligibility conditions for filing of ITR-1 and ITR-4 form
Posted Date : 09-Jan-2020 , 09:25:31 pm | Posted By CASANSAAR
In order to ensure that the e-filing utility for filing of return for assessment year (A.Y) 2020-21 is available as on 1st April, 2020, the Income-tax Return (ITR) Forms ITR-1 (Sahaj) and ITR-4 (Sugam) for the A.Y 2020-21 were notified vide notification dated 3rd January, 2020. In the noti...
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ITR |
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SBI announces 'residential builder finance with buyer guarantee' scheme
Posted Date : 09-Jan-2020 , 10:36:15 am | Posted By CASANSAAR
Country's largest public sector bank, State Bank of India has announced a 'residential builder finance with buyer guarantee' (RBBG) scheme. It aims at giving a push to residential sales and improve homebuyers' confidence.
Under this scheme announced yesterday, the SBI will issue a...
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Banking |
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0 | Hits : 829
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First Express Entry draw of 2020 issues 3,400 invitations to apply for PR
Posted Date : 09-Jan-2020 , 07:49:44 am | Posted By CASANSAAR
Canada’s first Express Entry draw of 2020 has issued 3,400 invitations to apply for Canadian Permanent Residence.
The minimum Comprehensive Ranking System (CRS) score required to receive an invitation in the January 8 draw was 473.
Eligible candidates for each program are issued a score ...
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International Business |
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Tax authorities step up heat on erring businesses with GST Audit
Posted Date : 09-Jan-2020 , 07:13:30 am | Posted By CASANSAAR
Goods and Services Tax (GST) authorities have started audit of businesses for FY18, the year of the indirect tax reform, indicating that erring assessees will now be held accountable for lapses in tax payment and record keeping. GST audits are being initiated as part of the government’s drive ...
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GST |
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CCEA approves strategic disinvestment in MMTC, NMDC
Posted Date : 08-Jan-2020 , 05:58:36 pm | Posted By CASANSAAR
The Cabinet Committee on Economic Affairs (CCEA) has given in-principle approval for strategic disinvestment of 49.78 per cent equity shareholding of Minerals and Metals Trading Corporation Limited and 10.10 per cent of National Mineral Development Corporation.
The CCEA gave approval for strategi...
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General |
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CCI Releases ‘Market Study on E-commerce in India: Key Findings and Observations
Posted Date : 08-Jan-2020 , 05:35:00 pm | Posted By CASANSAAR
The Competition Commission of India (CCI) released a Report titled ‘Market Study on E-commerce in India: Key Findings and Observations’ today, available at:
https://www.cci.gov.in/sites/default/files/whats_newdocument/Market-study-on-e-Commerce-in-India.pdf.
The Market Study on E-com...
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Corporate Law |
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0 | Hits : 729
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SEBI comes out with system audit framework for exchanges, clearing corporations
Posted Date : 08-Jan-2020 , 10:30:37 am | Posted By CASANSAAR
In order to keep pace with the technological advancements in the securities market, Sebi on Tuesday came out with new framework on system audit for market infrastructure institutions (MIIs), stock exchanges, clearing corporations and depositories, wherein they need to inform about major non-complian...
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SEBI |
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0 | Hits : 1001
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RBI allows 24x7 forex market operations via select banks
Posted Date : 08-Jan-2020 , 10:19:21 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Monday said select banks in India can offer forex rates to Indian clients beyond the inter-bank market hours, which now run from 9 am to 5 pm. In effect, this opens up the forex market in India round the clock, allowing Indians to hedge their foreign exchange risks...
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RBI |
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UAE introduces multi-entry tourist visas for five years for all
Posted Date : 08-Jan-2020 , 09:47:34 am | Posted By CASANSAAR
The United Arab Emirates on Monday introduced a multiple-entry visa scheme valid for five years for all nationalities, with the aim of turning the Gulf state into a tourism hub.
"#UAE Cabinet chaired by @HHShkMohd, approves new amendment for tourist visas in #UAE," the government of Dub...
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International Business |
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0 | Hits : 908
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Homebuyers move SC against the IBC amendment introducing minimum threshold
Posted Date : 08-Jan-2020 , 09:41:08 am | Posted By CASANSAAR
Group of homebuyers have filed multiple writ petition with the Supreme Court challenging the recent amendment brought in by the government in the Indian Bankruptcy Code (IBC) which has put a minimum threshold on the number of home buyers that can approach the National Company Law Tribunal (NCLT) in ...
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Corporate Law |
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0 | Hits : 968
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Govt taking steps to simplify taxation; curb harassment of honest taxpayers - FM
Posted Date : 08-Jan-2020 , 09:37:33 am | Posted By CASANSAAR
Finance Minister Nirmala Sitharaman on Tuesday said the government is taking various steps to simplify taxation system and eliminate harassment of honest taxpayers.
Addressing an event organised by Confederation of All India Traders (CAIT), the finance minister said the government is open to sugg...
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Income Tax |
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0 | Hits : 674
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2nd National GST Conference held for streamlining GST system
Posted Date : 08-Jan-2020 , 09:33:36 am | Posted By CASANSAAR
The 2nd National GST Conference of the Commissioners of State Tax and Chief Commissioners of Central Tax was held here today under the chairmanship of Dr Ajay Bhushan Pandey, Revenue Secretary, Ministry of Finance.
The multi-faceted Conference was focused on brainstorming session for strea...
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GST |
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0 | Hits : 1369
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CA Final Nov 19 Exams Result to be declared on 16th Jan 2020
Posted Date : 08-Jan-2020 , 09:28:38 am | Posted By CASANSAAR
The results of the Chartered Accountants Final Examination(Old course & New Course) held in November 2019 are likely to be declared on Thursday, the 16th January, 2020 (evening) / Friday, the 17th January 2020 and the same as well as the All India merit (upto the 50th Rank) can also be accessed ...
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CA Results |
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0 | Hits : 931
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IBBI amends liquidation process norms
Posted Date : 07-Jan-2020 , 03:15:25 pm | Posted By CASANSAAR
The Insolvency and Bankruptcy Board of India (IBBI) has amended the norms for liquidation process wherein a secured creditor is barred from selling assets of a company to any person restricted from submitting insolvency resolution plan.The Insolvency and Bankruptcy Code (IBC) provides for time-bound...
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Insolvent Professional |
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Canada Immigration 2020 - Changes in Proof of Funds
Posted Date : 07-Jan-2020 , 09:25:16 am | Posted By CASANSAAR
Canada Immigration 2020 - Increase the amount of Proof of Funds explained by CA. Vivek Khurana. CLICK ON THE LINK BELOW FOR DETAILS
https://youtu.be/npNjGZ8aIqM
Dont Forget to Like the video and SUBSCRIBE CA Sansaar YouTube Channel...
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International Business |
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0 | Hits : 807
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Private Companies with large borrowings to undergo Secretarial Audit
Posted Date : 07-Jan-2020 , 09:20:05 am | Posted By CASANSAAR
Private companies with total outstanding debt of Rs 100 crore or more to banks and financial institutions will now have to submit a secretarial audit report to the government, according to a rule notified by the corporate affairs ministry on Monday.
Under the previous rules, public companies with...
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ICSI |
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0 | Hits : 1304
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Revenue department unearths IGST refund fraud by top exporters
Posted Date : 07-Jan-2020 , 09:06:20 am | Posted By CASANSAAR
During a crackdown to check the misuse of IGST (Integrated Goods and Service Tax) funds by star exporters, the Central Board of Indirect Taxes (CBIC), through a sample study of 241 cases, has identified at least 9 star export houses that are untraceable and 82 such exporters whose declarations befor...
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Category :
GST |
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0 | Hits : 2039
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New legislation for social impact Companies soon
Posted Date : 06-Jan-2020 , 09:38:07 am | Posted By CASANSAAR
The Government is considering a new law for setting up social impact companies, where profits can be distributed among the shareholders.
An official said having such companies would help in attracting private capital towards developmental activities in the country.
The corporate affairs minist...
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Corporate Law |
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0 | Hits : 749
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CBIC uses data analytics to identify risky exporters
Posted Date : 06-Jan-2020 , 09:36:01 am | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) in its drive to check fraudulent availment of IGST refunds, has extensively used data analytics and matched data with income tax, GST and customs to identify risky exporters. Ongoing investigations have thrown up at least 9-star export houses as...
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Category :
GST |
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0 | Hits : 847
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Co-op banks asked to alert RBI about loans over Rs 5 Cr
Posted Date : 05-Jan-2020 , 09:35:16 am | Posted By CASANSAAR
Urban co-operative banks (UCB) will have to send an instant alert to the Reserve Bank of India (RBI) about any loan of more than Rs 5 crore sanctioned, according to a new set of guidelines issued by the central bank last week.
The banks have also been asked restrict half of their loans to amounts...
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Banking |
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0 | Hits : 737
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Best Judgement Assessment under GST
Posted Date : 04-Jan-2020 , 08:45:26 am | Posted By CASANSAAR
Best Judgement Assessment under GST
Best Judgement Assessment by Proper Officer for Defaulters of GST Returns explained by CA. Shilpa Sardana.
https://youtu.be/P963koeRsW4
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...
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Category :
GST |
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0 | Hits : 1558
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Bank employees to go on nationwide strike on Jan 8
Posted Date : 04-Jan-2020 , 08:39:10 am | Posted By CASANSAAR
Normal banking services at bank branches and ATMs are likely to be impacted as major bank unions have decided to resort to an all-India general strike on January 8 to protest against the anti-labour policies of the government.
However, net banking services and related transfers will not be affect...
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Banking |
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0 | Hits : 1092
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E-commerce cos may get to upload GST e-invoice for vendors
Posted Date : 04-Jan-2020 , 08:35:47 am | Posted By CASANSAAR
In a significant relaxation for the ecommerce sector, the government could allow online platforms such as Amazon and Flipkart to upload e-invoice for vendors under the goods and services tax (GST) framework.
As part of ongoing trials of e-invoicing, a detailed set of clarifications in the f...
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Category :
GST |
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0 | Hits : 811
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CBDT extends deadline for compounding of income tax offences till Jan 31
Posted Date : 04-Jan-2020 , 08:28:07 am | Posted By CASANSAAR
The CBDT has extended till January 31 the last date for taxpayers to avail a "one-time" facility to apply for compounding of income tax offences, an order issued on Friday said.
The earlier deadline was December 31, 2019.
In I-T parlance, compounding means that the taxman does not fi...
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Category :
Income Tax |
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0 | Hits : 2739
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SEBI issues new framework for core settlement guarantee fund, non-defaulting members
Posted Date : 04-Jan-2020 , 08:23:29 am | Posted By CASANSAAR
Markets regulator Sebi on Friday came out with a new framework for core settlement guarantee fund and liability of non-defaulting members of clearing corporations.
The move has been taken following deliberations made by Sebi's risk management review committee and various stakeholders.
A co...
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SEBI |
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0 | Hits : 743
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AI, data analytics to track GST evaders, boost compliance
Posted Date : 03-Jan-2020 , 08:59:13 am | Posted By CASANSAAR
The government plans to increase the use of artificial intelligence and data analytics to track down tax evaders, and improve compliance with the Goods and Service Tax in order to augment revenue.
Top tax officials are scheduled to participate in a brainstorming session to be chaired by revenue s...
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Category :
GST |
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0 | Hits : 774
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RBI announces special OMO of Rs 10,000 Cr on Jan 6
Posted Date : 03-Jan-2020 , 08:55:33 am | Posted By CASANSAAR
The Reserve Bank on Monday will carry a special simultaneous open market operation to buy and sell government bonds of Rs 10,000 crore each.
"On a review of the current liquidity and market situation and an assessment of the evolving financial conditions, the Reserve Bank has decided to cond...
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RBI |
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0 | Hits : 772
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Procedure to revise TDS Return
Posted Date : 03-Jan-2020 , 08:44:22 am | Posted By CASANSAAR
Procedure to revise TDS Return
Step by Step Procedure to revise TDS Return explained by CA. Shivangi Mittal.
Watch this video to know more
https://youtu.be/91UI5hWiFKg
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Category :
TDS |
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0 | Hits : 2286
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नए साल से GSTR 1 में ना करें ये भूल
Posted Date : 02-Jan-2020 , 09:49:55 am | Posted By CASANSAAR
नए साल से GSTR 1 में ना करें ये भूल.
Issues in GSTR-1 explained by CA.Rahul Jain.
https://youtu.be/I2APflqs7yk
*Don't forget to Subscribe CA Sansaar YouTube Channel*
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Category :
GST |
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0 | Hits : 1209
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