Top Accounting Firms,CA COMMUNITY,CA SANSAAR,Chartered Accountant,Ca Networking Firms,ca result,Ca Assignments,CA,Online Communities For Chartered Accountant,Circle For Ca,CS,CMA & ca exam,Articles By CA / CS / CMA,accounting news articles,Ca Firms In Delhi,CA ANNOUNCEMENT,accounting jobs,income tax software,article trainees,best website creator,empanelment,income tax slab,ITR, TDS Chart,icai election,nirc election,gst,accounting software,auditing,Income tax,students zone,cpt,community matrimony for ca,XBRL Software,Classified Ads,Community Matrimony For Ca,Students Zone,roc software,Coaching Classes,Company Secretary,Cost Accountant,e-tds software,Judiciary,ICAI.

The Ministry of Corporate Affairs (MCA) is probing 22 listed companies for suspected misuse of funds raised through initial public offerings. In addition, the MCA is also reviewing its mechanism for monitoring initial public offerings. The firms under the MCA scanner are mainly those which have defa...

Continue Reading...

Category : MCA | Comments : 0 | Hits : 409

The revenue department has decided to keep in abeyance GST provisions relating to reverse charge mechanism, tax deducted at source (TDS) and tax collected at source (TCS) for another three months till September-end.  The GST Council in its meeting on March 10 had suspended the provision for ...

Continue Reading...

Category : GST | Comments : 0 | Hits : 623

The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Monday directed the resolution professional (RP) of Alok Industries to submit an application for the approval of the resolution plan submitted by Reliance Industries (RIL) and JM Financial ARC. Alok Industries’ committee of cre...

Continue Reading...

Category : Insolvent Professional | Comments : 0 | Hits : 266

The National Company Law Appellate Tribunal (NCLAT) on Monday refused to direct the Mumbai bench of the National Company Law Tribunal (NCLT) to defer its pronouncement on State Bank of India’s (SBI’s) appeal seeking initiation of insolvency plea against Uttam Value Steel and Uttam Galva ...

Continue Reading...

Category : Insolvent Professional | Comments : 0 | Hits : 277

Students appearing in the Intermediate and Final Examinations may please note that beginning from May, 2019 attempt, assessment in the following subjects would be partially based on objective type questions: Intermediate Level Final Level Paper Subject Paper ...

Continue Reading...

Category : ICAI | Comments : 0 | Hits : 1505

The indirect tax department has issued notices to companies that added cash balance lying in their personal ledger account (PLA) to the transitional credit when the tax system moved to Goods and Services Tax (GST), triggering panic among such companies.  PLA is a cash ledger account with the...

Continue Reading...

Category : GST | Comments : 0 | Hits : 719

India’s banking regulator initiated a second probe into the affairs of ICICI Bank Ltd for allegedly delaying provisioning for stressed loans and so-called loan evergreening, among other wrongdoings, within days of receiving a whistleblower’s complaints on 20 March and 22 March, a fact th...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 399

Heads of 11 state-run banks will apprise a parliamentary committee about the problems of mounting bad loans and increasing fraud cases on Tuesday, sources said. They will be appearing before the Standing Committee on Finance, headed by veteran Congress leader M Veerappa Moily, which is looking in...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 594

The RBI proposed that all Urban Co-operative Banks (UCBs) having deposits of over Rs 100 crore will have to set up a Board of Management within one year to promote professional management in the banks. BoM will be in addition to the Board of Directors (BoD), said the RBI's draft guidelin...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 425

24th June 2018 Clarification regarding date of declaration of results of CA exams. It has been brought to our notice that a fake announcement regarding the date of declaration of the Common Proficiency Test (CPT) held in June 2018 and CA Final Examination held in May 2018, is doing the round...

Continue Reading...

Category : CA Exams | Comments : 0 | Hits : 750

Prime Minister Narendra Modi today said, Goods and Services Tax, GST is a great example of cooperative federalism, where all the States decided to take a unanimous decision in the interest of the nation.  He informed that it is a matter of pride that all the decisions taken in the 27 meeting...

Continue Reading...

Category : GST | Comments : 0 | Hits : 231

Almost a year into providing platform for tax collection, GST Network is now developing applications and tools for tax officers to help analyse data of their assessees and check possible evasion, a senior official said.  GST Network (GSTN), the company handling the technology backbone for Go...

Continue Reading...

Category : GST | Comments : 0 | Hits : 396

The Government is working to improve the regulations for auditors and corporate professionals as it looks to strengthen the "fabric of corporate governance" in the country, according to Union Minister P P Chaudhary. His comments come against the backdrop of some auditing entities coming...

Continue Reading...

Category : Auditing | Comments : 0 | Hits : 684

The income-tax (I-T) department has proposed clear-cut timelines by which excess amount assessed by transfer pricing officials (TPOs) over what was declared by associated enterprises of multinational corporations (MNCs) has to be brought in India. These timelines relate to advance pricing agreements...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 496

Keeping in view the time bound nature of the processes and the role of IP in these processes, it is proposed to allow an IP to seek discharge from a process only on one ground, that is, he is incapacitated to continue as IRP, RP or Liquidator. He can be incapacitated only in two ways: (a) phy...

Continue Reading...

Category : Insolvent Professional | Comments : 0 | Hits : 548

A tax benefit claimed by a taxpayer in his revised income-tax return cannot be denied outright by an income-tax (I-T) officer merely because the revised return has been filed after issue of notice, income-tax appellate tribunal (ITAT) has said. However, the revised return needs to be filed within...

Continue Reading...

Category : ITR | Comments : 0 | Hits : 1212

Central Board of Direct Taxes(CBDT) today said, prompt investigation is being taken in fresh series of cases pertaining to Panama Papers.  In a release, the Board said, the fresh Panama Papers reveal made in the media is being promptly looked into by the law enforcement agencies under the ae...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 443

Stressed assets’ resolution under the Insolvency and Bankruptcy Code (IBC) is expected to result in moderation of non-performing assets of banks as they can recover more than 50 per cent of their dues from the first 12 large cases, Credit Suisse said in a report on Wednesday. With a total of 7...

Continue Reading...

Category : Insolvent Professional | Comments : 0 | Hits : 424

The Department of Income Tax (IT) through the Central Board of Direct Taxes (CBDT) has prposed to amend Rule 10CB of IT Rules, 1962 in respect of computation of interest income pursuant to secondary adjustment u/s 92CE of IT Act, 1961. In this regard, a CBDT spokesperson said that a draft notific...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 834

The goods and services tax (GST) introduced to track the trail of transaction has in fact increased illegal activities in terms of billing by multiple times. ‘Bill selling’, a practice common in the construction sector among those who inflate cost of projects, has gone up four-five times...

Continue Reading...

Category : GST | Comments : 0 | Hits : 2191

The government has cleared pending GST refunds to the tune of Rs.38,062 crore to exporters so far, the Central Board of Indirect Taxes and Customs said on Wednesday. “In all, Rs.21,142 crore (IGST refunds), Rs.9,923 crore (RFD-01A refund by CBIC) and Rs.6,997 crore (RFD-01A refund by states...

Continue Reading...

Category : GST | Comments : 0 | Hits : 394

The 4th International Yoga Day is being celebrated across the globe today. In India Prime Minister Narendra Modi led thousands of people in performing yoga asanas, in the main event organised at Forest Research Institute in Dehradun, Uttarakhand. He called upon people to make Yoga a movement and a p...

Continue Reading...

Category : General | Comments : 0 | Hits : 464

The Ministry of Corporate Affairs (MCA), Government of India, invites comments and views from stakeholders on introductory note and draft on ‘Cross-Border Insolvency. The MCA is keen to introduce a globally accepted and well-recognised cross-border insolvency framework, fine-tuned to suit the needs...

Continue Reading...

Category : MCA | Comments : 0 | Hits : 293

The Economic offences wing of the Pune police has arrested the MD & CEO of Bank of Maharashtra Ravindra Marathe along with executive director RK Gupta in the Rs 3,000 crore DSK Group loan default case. Sushil Muhnot, the former CMD of the bank, was also nabbed from Jaipur in connection with the ...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 744

India’s quest for providing best quality begins with identifying standards, stated Suresh Prabhu, Minister of Commerce and Industry. He was speaking at the 5th National Standards Conclave - Implementing the Indian National Strategy for Standardization, being held in New Delhi on 19-20 June 201...

Continue Reading...

Category : Finance | Comments : 0 | Hits : 383

The Reserve Bank of India (RBI) is expected to raise interest rates again in the final three months of this year, according to a Reuters poll of economists, but over one-third of them predicted a hike as early as at the next meeting in August. Accelerating inflation and India retaining top spot a...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 403

Housing loans of up to Rs 35 lakh, for dwellings costing less than Rs 45 lakh, will be treated as priority sector lending (PSL) to give a fillip to the low-cost segment, the Reserve Bank said on Tuesday. PSL loans are relatively cheaper than market interest rate. "With a view to bringing ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 489

The Securities and Exchange Board of India (Sebi) is set to revamp initial public offering (IPO) norms to make them less onerous for legitimate sellers while clamping down on possible misuse.  These include recognising a wider set of institutional investors such as alternative investment fun...

Continue Reading...

Category : SEBI | Comments : 0 | Hits : 343

Housing loans of up to Rs. 35 lakh, for dwellings costing less than Rs. 45 lakh, will be treated as priority sector lending (PSL) to give a fillip to the low-cost segment, the Reserve Bank said today. PSL loans are relatively cheaper than market interest rate. "With a view to bringing conver...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 266

Historic tax reform, the Goods and Service Tax (GST), has resulted in formalization of economy and consequently information flow would eventually augment not only the Indirect Tax collections but also Direct Tax collections. In the past, the Centre had little data on small manufacturers and consumpt...

Continue Reading...

Category : GST | Comments : 0 | Hits : 377