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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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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International Business |
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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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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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General |
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0 | Hits : 759
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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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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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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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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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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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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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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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Income Tax |
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0 | Hits : 1066
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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 : 1125
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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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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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Income Tax |
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0 | Hits : 1992
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Massive fraud by jewellers during note ban detected by Income Tax dept
Posted Date : 22-Jan-2020 , 09:48:32 am | Posted By CASANSAAR
Several jewellers have been put under scrutiny by the income tax department in cases of alleged large and disproportionate cash deposits during the demonetisation period (November 9-December 30, 2016). In some cases, some of these jewellers have been found to have deposited nearly 1,000 times as muc...
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Category :
Income Tax |
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SC agrees to list next week fresh pleas of telecom firms
Posted Date : 21-Jan-2020 , 01:57:09 pm | Posted By CASANSAAR
The Supreme Court today agreed to list next week the fresh pleas of telecom firms including Bharti Airtel, Vodafone Idea and Tata Teleservices. They are seeking a fresh schedule of payment of statutory dues to the tune of 1.47 lakh crore rupees to the Department of Telecommunication.
A bench head...
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General |
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FM kicks off budgetary exercise with HALWA ceremony
Posted Date : 21-Jan-2020 , 08:12:52 am | Posted By CASANSAAR
It is a tradition to have something sweet before any auspicious event in India. The Union budget is no exception.
Printing of the budget documents started on Monday, with the finance minister Nirmala Sitharaman attending the customary ‘halwa’ ceremony. As part of the over-70-year-old ...
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Budget |
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Bank of Baroda, Bank of India and Canara Bank get new MD & CEOs
Posted Date : 21-Jan-2020 , 08:04:48 am | Posted By CASANSAAR
The government on Monday appointed heads of three large public sector banks - Bank of Baroda, Bank of India and Canara bank for a period of three years.
The Appointments Committee of the Cabinet (ACC) appointed Sanjiv Chadha as the managing director and chief executive of Bank of Baroda, Lingam V...
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Banking |
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Rs 70,000 crore loan amount has been disbursed till Jan 13 under MSMEs scheme: Govt
Posted Date : 20-Jan-2020 , 02:25:48 pm | Posted By CASANSAAR
The Finance Ministry has said that a loan amount of nearly seventy thousand crore rupees has been disbursed till 13th of this month under the scheme of providing loan to Micro Small and Medium Enterprises - MSMEs within 59 minutes.
The Ministry tweeted that out of the 2.73 lakh applications recei...
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Finance |
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Govt will act as facilitator for all stakeholders in achieving target of 5 trillion dollar economy: FM
Posted Date : 20-Jan-2020 , 09:59:15 am | Posted By CASANSAAR
Finance Minister Nirmala Sitharaman has said that the government will act as a facilitator for all stakeholders in achieving the target of five trillion dollar economy. Delivering the Nani Palkhivala Centenary lecture in Chennai, she said the target of India becoming a five trillion-dollar economy i...
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Finance |
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Online payment facility न देने पर Income Tax Dept. लगाएगा भारी जुर्माना!
Posted Date : 18-Jan-2020 , 09:56:57 am | Posted By CASANSAAR
Online payment facility न देने पर Income Tax Dept. लगाएगा भारी जुर्माना!!!
Prescribed Payment mode under Section 269SU of Income Tax Act, 1961 explained by CA.Pooja Goyal.
https://youtu.be/XJjqqUQWcvs
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Category :
Income Tax |
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IBBI amends voluntary liquidation process regulations
Posted Date : 18-Jan-2020 , 09:49:45 am | Posted By CASANSAAR
A liquidator will have to deposit unclaimed dividends and undistributed proceeds in a separate account before seeking dissolution of a corporate debtor under the voluntary liquidation process, according to the IBBI. The Insolvency and Bankruptcy Board of India (IBBI) has notified changes to the volu...
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Insolvent Professional |
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0 | Hits : 898
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SEBI comes out with disclosure format for listed debt securities
Posted Date : 18-Jan-2020 , 09:41:07 am | Posted By CASANSAAR
Markets regulator Sebi on Friday came out with a disclosure format for listed companies which have issued debt securities, under which they need to disclose on half-yearly basis about deviation in the use of proceeds from the objects stated in the offer documents.
The first such submission should...
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SEBI |
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Income Tax notice for Rs 3.5 Cr penalty leaves BPO employee Shocked
Posted Date : 17-Jan-2020 , 09:14:49 am | Posted By CASANSAAR
A man from Bhind district in Madhya Pradesh, who currently works in a BPO firm in Punjab, has said that he got the shock of his life when he received an Income Tax Department notice, asking him to pay Rs 3.49 crore penalty for the alleged transactions of Rs 132 crore done in 2011-12.
Ravi Gupta, ...
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Income Tax |
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0 | Hits : 1526
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Pass percentage and Toppers of CA Final Nov 2019 Exam
Posted Date : 16-Jan-2020 , 05:32:20 pm | Posted By CASANSAAR
CA Final New Course Pass Percentage Nov 2019
Candidates Applied for
Appeared
Passed
Pass %
Group – I only
27861
4830
17.34
Group –II only
26972
7593
28.15
Both Groups
15003
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Category :
CA Results |
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0 | Hits : 2277
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RBI issues new debit and credit card rules to improve convenience and security
Posted Date : 15-Jan-2020 , 10:41:54 pm | Posted By CASANSAAR
As over the years, the volume and value of transactions made through cards have increased manifold, the Reserve Bank of India on Wednesday issued new rules for credit and debit cards to improve user convenience and increase the security of card transactions.
RBI asks banks to allow only domestic ...
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RBI |
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Govt saves Rs 350 Cr fake IGST refund due to untraceable of over 1200 exporters
Posted Date : 15-Jan-2020 , 10:30:02 pm | Posted By CASANSAAR
Revenue Department using its data analytics has discovered a fraud in GST refunds with as many as 1,200 exporters, who have have claimed Rs 350 crore refunds, are now untraceable.
The department has reasons to consider that nefarious elements among the customs broker community may be connected wi...
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GST |
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High Court Decision on Communication or NOC from Previous Auditor
Posted Date : 15-Jan-2020 , 09:12:59 am | Posted By CASANSAAR
Delhi High Court Decision on Communication or NOC from Previous Auditor explained by CA.(Adv) S.S.Sharma. Watch this Video.
https://youtu.be/p5msbZ_RZuI
Dont Forget to Like the video and SUBSCRIBE CA Sansaar YouTube Channel
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Category :
Auditing |
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Budget may make faking input tax non-bailable crime for buyers too
Posted Date : 15-Jan-2020 , 09:04:48 am | Posted By CASANSAAR
The government is likely to make fraudulent claims for input tax credit a non-bailable offence in the hands of recipients of goods and services in the February 1 budget by tightening the GST law, as it seeks to plug leakages.
CXOs, directors or employees directly responsible for making such claim...
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Category :
Budget |
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0 | Hits : 1322
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HC clears confusion over contentious issue of composite supply under GST
Posted Date : 15-Jan-2020 , 09:03:11 am | Posted By CASANSAAR
The Kerala high court has tried to clear the air over the contentious issue of composite supplies under the Goods and Services Tax (GST) which experts say may become guiding principles to decide cases in litigation.
If more than one good or service are supplied by a company, these could be consid...
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GST |
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