MCA notifies Insolvency and Bankruptcy Rules, 2019 for non-bank financial services providers
Posted Date : 15-Nov-2019 , 04:53:44 pm | Posted By CASANSAAR
Ministry of Corporate Affairs (MCA) has notified the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 (Rules) today to provide a generic framework for insolvency and liquidation proceedings of syst...
Continue Reading...
Category :
MCA |
Comments :
0 | Hits : 1128
|
 |
Racket of issuance of fake invoices involving GST of Rs 22 Cr busted
Posted Date : 15-Nov-2019 , 04:45:14 pm | Posted By CASANSAAR
Central GST Delhi North Commissionerate has unearthed a racket of issuance of fake invoices without actual supply of goods and services. Shri Naveen Mutreja and Shri Keshav Ram have been arrested in this matter and remanded to judicial custody for 14 days by the Chief Metropolitan Magistrate (CMM), ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 2648
|
|
New Express Entry draw invites 3,600 candidates to apply for Canadian PR
Posted Date : 15-Nov-2019 , 04:03:07 pm | Posted By CASANSAAR
The Government of Canada invited 3,600 Express Entry candidates to apply for permanent residence in a new draw held November 13.
Nov 13’s draw brings the total number of invitations to apply (ITAs) issued so far this year through Canada’s Express Entry system to 75,300.
The minimum...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 1775
|
|
Tax department seeks 18% GST levy on CEO, CXO Salaries
Posted Date : 15-Nov-2019 , 09:20:07 am | Posted By CASANSAAR
The government is working on a proposal to levy an 18 percent Goods and Services Tax (GST) on salaries of CEOs and CXOs of companies, sources told CNBC-TV18.
A report by The Economic Times also said that top companies and banks are already being questioned by the tax department with respect to cr...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 924
|
|
Income Tax department raids BMC Contractors
Posted Date : 15-Nov-2019 , 09:16:45 am | Posted By CASANSAAR
Amid a high-voltage political drama in Maharashtra, the Income Tax department has turned its glare on a clutch of large contractors hired by Brihanmumbai Muncipal Corporation (BMC) - a Shiv Sena stronghold.
In a press release issued on Thursday, IT said they had conducted search action in Mumbai ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 871
|
|
Four-year-old Bandhan Bank makes more profit than 17 PSU banks combined
Posted Date : 15-Nov-2019 , 09:13:35 am | Posted By CASANSAAR
The aggregate profit of 17 public-sector banks was lower than the net profit of private-sector lender Bandhan Bank Ltd alone in the September quarter of the current financial year, data compiled by Capitaline report.
While the combined net profit of these public-sector banks stood at Rs.466.4 cro...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 1258
|
|
Mr. Sudhaker Shukla takes charge as Whole Time Member, IBBI
Posted Date : 15-Nov-2019 , 08:59:34 am | Posted By CASANSAAR
Mr. Sudhaker Shukla took charge as Whole Time Member, Insolvency and Bankruptcy Board of India in New Delhi today.
Mr. Shukla will look after Registration & Monitoring Wing comprising Insolvency Professionals, Information Utilities, Insolvency Professional Agencies, Registered Valuers, Regist...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 813
|
|
GSTR-9 & GSTR -9C more simplified & last dates of submission extended
Posted Date : 14-Nov-2019 , 04:22:37 pm | Posted By CASANSAAR
The Government has decided today to extend the due dates of filing of Form GSTR-9 (Annual Return) and Form GSTR-9C (Reconciliation Statement) for Financial Year 2017-18 to 31 st December 2019 and for Financial Year 2018-19 to 31 st March 2020. The Government has also decided to simplify these forms ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1326
|
|
ICAI announced new dates for Postponed Papers
Posted Date : 14-Nov-2019 , 03:45:59 pm | Posted By CASANSAAR
IMPORTANT ANNOUNCEMENT
In partial modification of the Institute’s Notification No. 13-CA(Exam)/N/2019 dated16th August, 2019,
it is notified that the Foundation, Paper 1, Final Examination{Old as well as New Scheme}, Paper 5,
IRM, Paper 1, INTT – AT, Paper 1,Intermediate / Intermedi...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1156
|
|
ICAI Invites Applications for the Post of Secretary
Posted Date : 14-Nov-2019 , 08:53:59 am | Posted By CASANSAAR
ICAI invites applications from highly competent candidates for the position of SECRETARY (Statutory Position)
The Institute of Chartered Accountants of India (ICAI) is a statutory body established for regulation of the profession of Chartered Accountants in India. ICAI, the s...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1141
|
|
Concurrent Auditor arrested in PMC Bank scam
Posted Date : 14-Nov-2019 , 08:49:00 am | Posted By CASANSAAR
The Economic Offences Wing (EOW) of Mumbai Police has arrested an concurrent auditor in connection with the alleged Rs 4,355 crore scam at the Punjab & Maharashtra Cooperative (PMC) Bank, an official said on Wednesday.
This is the eighth arrest in the case.
XXXXXXXXX (35), a 'Concorren...
Continue Reading...
Category :
Auditing |
Comments :
0 | Hits : 2911
|
|
Income tax department admits error in charging late ITR filing fee
Posted Date : 14-Nov-2019 , 08:40:05 am | Posted By CASANSAAR
The income tax department has admitted that there has been an inadvertent error while processing income tax returns (ITR) of partners of firms whose accounts are liable to be audited. The taxman has assured that it will rectify the error on its own and remove the late fee charge.
"In a few c...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1636
|
|
Facebook removes 5.4 billion fake accounts
Posted Date : 14-Nov-2019 , 08:34:23 am | Posted By CASANSAAR
Facebook says it has stopped 5.4 billion fake accounts so far this year, in a sign of a persistent battle on social media against manipulation and disinformation.
In its latest transparency report, the Internet firm said it has improved its ability to detect and block attempts to create fake and ...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 772
|
|
Questions and Answers relating to GST Audit / GSTR 9C
Posted Date : 13-Nov-2019 , 09:27:14 am | Posted By CASANSAAR
...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1742
|
|
EOW arrests two Auditors in connection with PMC Bank scam
Posted Date : 13-Nov-2019 , 08:31:18 am | Posted By CASANSAAR
The Economic Offences Wing (EOW) on Monday arrested two auditors in connection with PMC Bank scam and will produce them in Court today seeking their police remand. Earlier five accused have been arrested in the case.
During the course of investigation their association with HDIL came into light a...
Continue Reading...
Category :
Auditing |
Comments :
0 | Hits : 1297
|
|
Over Rs 5,000 Cr dues declared so far in Sabka Vishwas Scheme
Posted Date : 11-Nov-2019 , 10:06:25 pm | Posted By CASANSAAR
More than Rs 5,000 crore worth dues have been declared so far under the government's 'Sabka Vishwas Scheme', which is for settling pending disputes of service tax and central excise.
The Central Board of Indirect Taxes and Customs (CBIC) has asked its principal chief commissioners to ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1131
|
|
Income Tax dept busts Rs 3,300 Cr hawala racket involving infra firms
Posted Date : 11-Nov-2019 , 10:04:22 pm | Posted By CASANSAAR
The CBDT on Monday claimed that the Income Tax Department has busted a hawala racket worth Rs 3,300-crore and spread across multiple cities such as Delhi, Mumbai and Hyderabad with links to "leading corporate houses" in the infrastructure sector.
The raids to unearth the large tax evasi...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1035
|
|
Alberta Express Entry issues invitations to candidates with CRS scores as low as 300
Posted Date : 09-Nov-2019 , 02:54:42 pm | Posted By CASANSAAR
Alberta invited 401 Express Entry candidates to apply for a provincial nomination for Canadian permanent residence in its last two draws of October, the province’s immigrant nominee program has revealed.
A draw held October 24 selected 372 candidates with a profile in the federal Expr...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 1208
|
|
Finance Minister asks taxmen not to scare taxpayers
Posted Date : 09-Nov-2019 , 07:24:48 am | Posted By CASANSAAR
The taxpayers of country should not be scared of officers collecting revenue for the country, Finance Minister Nirmala Sitharaman said on November 8.
"In today's free India, serving and being served by its own people and for its own people, it is important that the enforcers don't re...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1393
|
|
RBI increases household income limits for borrowers of NBFC-MFIs
Posted Date : 09-Nov-2019 , 07:20:23 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Friday increased the household income limits for borrowers of NBFC-MFIs from 1 lakh to 1.25 lakh rupees for the rural areas with an aim to strengthen credit to those in the bottom of the economic pyramid. Similarly, the limit has been increased from 1.6 lakh for ur...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1077
|
|
CA Exams to be held on 9th Nov has been postponed
Posted Date : 09-Nov-2019 , 07:14:21 am | Posted By CASANSAAR
In view of the reports gathered through electronic media about closure of school and colleges at various part of the country, ALL EXAMINATIONS of the ICAI namely Foundation Paper 1, Final Paper 5, IRM Paper1, INTT AT and DISA ET Paper scheduled for Saturday, November 9th 2019 on all India basis and ...
Continue Reading...
Category :
CA Exams |
Comments :
0 | Hits : 1456
|
|
RBI imposes Rs 5 lakh fine on Oxigen Services
Posted Date : 08-Nov-2019 , 10:39:58 am | Posted By CASANSAAR
The Reserve Bank yesterday said that it has imposed a fine of Rs 5 lakh on prepaid payment instrument Oxigen Services.
The RBI said in a release that the move was taken in exercise of powers vested under Section 30 of the Payment and Settlement Systems Act, 2007, for non-compliance of...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 957
|
|
Govt considers special window for resolution of stressed NBFCs under IBC
Posted Date : 08-Nov-2019 , 09:28:49 am | Posted By CASANSAAR
The government is mulling a special window for resolution of stressed non-banking finance companies under the Insolvency and Bankruptcy Code, a senior government official said.
A special window, is certainly something which is being examined closely, the official said.
The move also comes agai...
Continue Reading...
Category :
Insolvent Professional |
Comments :
0 | Hits : 815
|
|
CBDT notifies PAN-Aadhaar interchangeability
Posted Date : 08-Nov-2019 , 09:26:24 am | Posted By CASANSAAR
The apex body for direct taxes has amended over 100 forms and returns to provide for interchangeability between permanent account number (PAN) and Aadhaar number.
A notification to this effect was issued by the Central Board of Direct Taxes on Thursday.
The Union Budget presented in July had a...
Continue Reading...
Category :
CBDT |
Comments :
0 | Hits : 953
|
|
DIN System of CBIC comes into existence from today
Posted Date : 08-Nov-2019 , 09:19:42 am | Posted By CASANSAAR
The Documentation Identification Number (DIN) system of Central Board of Indirect Taxes (CBIC) will come into existence from today. This path breaking system in indirect tax administration has been created as per the direction of Finance Minister Nirmala Sitharaman. Now, any CBIC communication will ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1294
|
|
Flipkart gets stay on insolvency proceedings initiated against it at NCLT
Posted Date : 07-Nov-2019 , 08:13:58 am | Posted By CASANSAAR
Online sales platform Flipkart has got a stay order on insolvency proceedings initiated against it at the National Company Law Tribunal (NCLT), in a case involving alleged withholding of dues to a seller.
CloudWalker Streaming, a Mumbai-based supplier of LED TVs, alleged Flipkart did not honour a...
Continue Reading...
Category :
Insolvent Professional |
Comments :
0 | Hits : 1150
|
|
RBI panel proposes stricter rules for core investment companies
Posted Date : 07-Nov-2019 , 08:12:26 am | Posted By CASANSAAR
Core investment companies (CICs) will have to form board level committees, appoint independent directors and conduct internal audits, if the Reserve Bank of India (RBI) decides to accept the recommendations of a working group formed to improve their corporate governance standards.
The recommendat...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 792
|
|
Govt to issue new rules to bring NBFCs under IBC
Posted Date : 07-Nov-2019 , 08:01:18 am | Posted By CASANSAAR
The fear that at Dewan Housing Finance Corporation (DHFL) may spill over to other non-banking finance companies (NBFC) has pushed the government to introduce fresh rules and regulations to bring even the financial sector under the purview the Insolvency and Bankruptcy Code (IBC).
A government sou...
Continue Reading...
Category :
Insolvent Professional |
Comments :
0 | Hits : 755
|
|
FM announces special window to complete stalled real estate projects
Posted Date : 07-Nov-2019 , 07:55:06 am | Posted By CASANSAAR
The Cabinet has approved establishment of a 'Special Window' to provide priority debt financing for completion of stalled housing projects in the Affordable and Middle-Income Housing sector.
Briefing media after the Cabinet meeting, Finance Minister Nirmala Sitharaman said a Fund has been...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 713
|
|
Quebec needs 80,000 immigrants per year, not 50,000
Posted Date : 06-Nov-2019 , 04:13:54 pm | Posted By CASANSAAR
To sustain a strong economy, Quebec needs almost twice as many immigrants as it is currently targeting.
In recent years, Canada’s second-largest province has welcomed around 50,000 immigrants annually, ranking second behind Ontario.
On a per capita basis, however, Quebec’s ne...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 918
|
|
|
