Login  |  Register  |  Forgot Password 

News - (Get Professional Updates on Whatsapp, Msg on 8285393786)

Supreme Court bench sets time limit for lawyers, says time to change old habits
Posted Date : 30-Jul-2021 , 09:25:09 am | Posted By CASANSAAR

A two-judge bench of the Supreme Court replicated the practice adopted by the Supreme Court of the United States by directing lawyers appearing in a case to confine their oral arguments to 30 minutes and submissions on law to three pages. Wondering which country in the world would allow lawyers t...

Continue Reading...

Category : General | Comments : 0 | Hits : 19

SEBI to ease rules for startups to go public
Posted Date : 30-Jul-2021 , 09:20:35 am | Posted By CASANSAAR

  Sebi, the capital markets regulator, is considering rule changes to hold controlling stakeholders accountable from the current structure that focuses on regulating the so-called promoters or founders, as more companies with diversified shareholdings line up for initial public offerings. ...

Continue Reading...

Category : SEBI | Comments : 0 | Hits : 12

Govt clears amendments to LLP Act; to decriminalise 12 offences
Posted Date : 29-Jul-2021 , 09:14:53 am | Posted By CASANSAAR

Continuing efforts to foster ease of doing business as well as encourage startups ecosystem, the government on Wednesday approved amendments to the Limited Liability Partnership (LLP) Act, including decriminalising 12 offences under the law. Besides, a new definition for small LLPs will be intr...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 481

RBI imposes Rs.5 Cr monetary penalty on Axis Bank
Posted Date : 29-Jul-2021 , 09:05:22 am | Posted By CASANSAAR

The Reserve Bank of India has imposed a monetary penalty of ₹5 crore on private sector lender Axis Bank. The penalty is for contravention of and non-compliance with certain provisions of directions by RBI The penalty is for contravention of and non-compliance with certain provisions of directio...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 163

Lok Sabha passes IBC amendment bill without debate
Posted Date : 29-Jul-2021 , 09:00:13 am | Posted By CASANSAAR

The Lok Sabha on Wednesday passed the IBC amendment bill without debate, which among other things provide for a pre-packaged resolution process for stressed MSMEs. Minister of State for Corporate Affairs Rao Inderjit Singh moved the bill for consideration and passage amid the din. The bill was ap...

Continue Reading...

Category : Insolvent Professional | Comments : 0 | Hits : 123

Insolvency and Bankruptcy Code (Amendment) Bill to be taken up for consideration and passing in Lok Sabha
Posted Date : 28-Jul-2021 , 09:33:16 am | Posted By CASANSAAR

The Insolvency and Bankruptcy Code (Amendment) Bill, 2021 is likely to be taken up for consideration and passing in Lok Sabha today. The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021, was promulgated by President Ram Nath Kovind on 4th of April to offer an alternate bankruptcy resolutio...

Continue Reading...

Category : Insolvent Professional | Comments : 0 | Hits : 157

Govt identified more than 2.38 lakh companies as shell companies - MoS Corporate Affairs
Posted Date : 28-Jul-2021 , 09:32:10 am | Posted By CASANSAAR

Government has identified more than 2.38 lakh companies as shell companies in the last three years.   This information was given by the Minister of State for Corporate Affairs Rao Inderjit Singh in a written reply to a question in the Rajya Sabha today.   He said the Government has und...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 234

Govt makes it mandatory to clear all dues of MSMEs within 45 days - Fin Min
Posted Date : 27-Jul-2021 , 09:35:16 am | Posted By CASANSAAR

Finance Minister said in view of Covid pandemic it has made it mandatory to clear all the dues of MSMEs within a stipulated time of 45 days to provide relief to such entities. In reply  to a question in the Lok Sabha, Finance Minister Nirmala Sitharaman said all the dues of MSMEs pending at ...

Continue Reading...

Category : MSME | Comments : 0 | Hits : 532

CBIC abolishes licence renewal requirement for customs brokers, authorised carriers
Posted Date : 26-Jul-2021 , 08:49:46 am | Posted By CASANSAAR

The Central Board of Indirect Taxes and Customs (CBIC) has done away with the requirement of periodic renewals of licence or registration issued to customs brokers and authorised carriers, a move which would reduce compliance burden for trade. The CBIC has amended the Customs Brokers Licensing Re...

Continue Reading...

Category : Custom | Comments : 0 | Hits : 239

Delhi-based businessman arrested for passing on fake input tax credit of Rs.128 Cr
Posted Date : 26-Jul-2021 , 08:45:52 am | Posted By CASANSAAR

GST Intelligence officials have arrested a Delhi-based businessman here for allegedly fraudulently passing on input tax credit (ITC) worth ₹128 crore, a senior official said on Sunday. Investigations conducted by the officials of the Chandigarh zonal unit of the Directorate General of GST (Good...

Continue Reading...

Category : GST | Comments : 0 | Hits : 1182

RBI revises personal loan limit for bank directors to Rs.5 Cr from Rs.25 lakh
Posted Date : 24-Jul-2021 , 09:42:36 am | Posted By CASANSAAR

The Reserve Bank of India (RBI) has raised the limit of personal loan amount that can be granted by lenders to directors of other banks and their families at not more than ₹5 crore from ₹25 lakh. "The proposals for credit facilities of an amount less than ₹25 or ₹5 crore (as the case ma...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 504

IBBI amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016
Posted Date : 22-Jul-2021 , 09:52:53 am | Posted By CASANSAAR

The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2016 on 14th July, 2021. The amendment regulations enhance the discipline, transparency, and account...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 390

CBDT grants further relaxation in electronic filing of Income Tax Forms 15CA/15CB
Posted Date : 21-Jul-2021 , 09:12:07 am | Posted By CASANSAAR

As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electronically. Presently, taxpayers upload the Form 15CA, along with the Chartered Accountant Certificate in Form 15CB, wherever applicable, on the e-filing portal, before submitting the copy to the authorized dealer ...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 459

Delhi High Court orders CBI to probe Income Tax department email
Posted Date : 20-Jul-2021 , 08:37:55 am | Posted By CASANSAAR

The Delhi High Court has directed the Central Bureau of Investigation (CBI) to launch an enquiry into an email, sent from the official address of the Income Tax Department to a taxpayer seeking adjournment of the case under e-proceedings. The court order follows the petitioner, Three C Homes, whi...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1598

Rs 21,231 Cr spent by 21,349 companies on CSR funds in 2019-20
Posted Date : 20-Jul-2021 , 08:33:05 am | Posted By CASANSAAR

Corporate houses spend a huge sum on Corporate Social Responsibility (CSR) for the welfare of workers and local people in the country. This was stated by Minister of State for the Ministry of Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in the Lok Sabha today. Giving...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 307

New curbs on insolvency resolution professionals
Posted Date : 17-Jul-2021 , 09:06:18 am | Posted By CASANSAAR

Insolvency resolution professionals hired by lenders to rescue bankrupt companies cannot continue in that role if any of their colleagues represent any of the parties in that case, says a new rule brought out by the Insolvency and Bankruptcy Board of India (IBBI). The change seeks to eliminate a ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 516

GST only on monthly maintenance over Rs 7,500 - Madras HC
Posted Date : 15-Jul-2021 , 09:36:14 am | Posted By CASANSAAR

In a relief to resident welfare association (RWA) members across middle and high-end housing societies, the Madras High Court has ruled that the goods and services tax (GST) is applicable to monthly maintenance amount exceeding ₹7,500 only and not on the full amount. The decision overturns a 20...

Continue Reading...

Category : GST | Comments : 0 | Hits : 1439

WhatsApp messages have no evidential value - Supreme Court
Posted Date : 15-Jul-2021 , 09:30:42 am | Posted By CASANSAAR

‘Popularity is not a measure of reliability’ appears to have played on the minds of the Supreme Court, which on Wednesday said messages exchanged on social media platform WhatsApp have no evidential value and that the author of such WhatsApp messages cannot be tied to them, especially in...

Continue Reading...

Category : WhatsApp | Comments : 0 | Hits : 708

Cabinet approves increase in Dearness Allowance and Dearness Relief
Posted Date : 15-Jul-2021 , 09:21:05 am | Posted By CASANSAAR

The Cabinet Committee chaired by the Hon’ble Prime Minister Shri Narendra Modi today has approved increase the Dearness Allowance to Central Government employees and Dearness Relief to pensioners with effect from 01.07.2021 to 28% representing an increase of 11% over the existing rate of 17% o...

Continue Reading...

Category : General | Comments : 0 | Hits : 255

GST officers unearth over Rs 35,000 Cr fraud in 2020-21, arrest 426 people
Posted Date : 14-Jul-2021 , 10:10:34 am | Posted By CASANSAAR

In the year-long crackdown on tax evasion, the GST authorities have unearthed over Rs 35,000 crore of tax fraud committed by misuse of input tax credit provision under the Goods and Services Tax (GST) regime. During the 2020-21 financial year, the CGST zones and the Directorate General of GST Intell...

Continue Reading...

Category : GST | Comments : 0 | Hits : 1453

GST officers bust network of 23 firms involved in fake ITC claims of Rs 550 cr
Posted Date : 13-Jul-2021 , 09:32:04 am | Posted By CASANSAAR

GST officers have busted a network of 23 entities involved in creation of fake invoices worth Rs 551 crore and passing inadmissible input tax credit worth Rs 91 crore. Based upon specific intelligence, the officers of the anti-evasion branch of Central Goods and Service Tax (CGST) Commissionerate...

Continue Reading...

Category : GST | Comments : 0 | Hits : 464

BSE, NSE issue guidelines for companies undergoing insolvency proceedings
Posted Date : 10-Jul-2021 , 09:50:04 am | Posted By CASANSAAR

In a bid to address information asymmetry among investors, stock exchanges, BSE and NSE, on Friday came out with a framework for dealing with companies undergoing corporate insolvency resolution process. In the recent past, the exchanges have come across instances where the approved resolution pl...

Continue Reading...

Category : Insolvent Professional | Comments : 0 | Hits : 385

CBIC streamlines faceless assessment for faster customs clearance
Posted Date : 10-Jul-2021 , 09:45:53 am | Posted By CASANSAAR

The CBIC has streamlined certain processes in Customs faceless assessment under which a customs officer would have to communicate his 'first decision' on the import document filed by an importer within three working hours. In a circular to all principal chief commissioners of customs, the...

Continue Reading...

Category : Custom | Comments : 0 | Hits : 295

Sovereign Gold Bond Scheme 2021-22–Series-IV- Issue price
Posted Date : 10-Jul-2021 , 09:40:05 am | Posted By CASANSAAR

In terms of Government of India Notification No.4(5)-B(W&M)/2021 dated May 12, 2021, Sovereign Gold Bonds 2021-22 (Series IV) will be opened for the period July 12-16, 2021 with Settlement date July 20, 2021. The issue price of the Bond during the subscription period shall be Rs 4,807 (Rupees Fo...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 599

RBI imposes penalty on 14 banks for non-compliance of rules
Posted Date : 08-Jul-2021 , 08:46:48 am | Posted By CASANSAAR

The Reserve Bank of India has imposed monetary penalties on 14 banks including Bank of Baroda and State Bank of India (SBI) for non-compliance of rules. While Bank of Baroda has been fined two crore rupees, Bandhan Bank, Bank of Maharashtra, Central Bank of India, Credit Suisse, Indian Bank, IndusIn...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 2191

GST collection for June falls to Rs 92,849 Cr, lowest in 10 months
Posted Date : 07-Jul-2021 , 10:05:12 am | Posted By CASANSAAR

The economic impact the 'second wave' of Covid-19 showed on Goods and Service Tax (GST) as collections for June 2021 fell to Rs 92,849 crore, the Finance Ministry said on July 6. This is the first time in nine months that monthly GST collections have slipped below the Rs 1 lakh crore mark. ...

Continue Reading...

Category : GST | Comments : 0 | Hits : 484

Govt creates Ministry of Co-operation for strengthening of cooperatives
Posted Date : 07-Jul-2021 , 09:29:34 am | Posted By CASANSAAR

The Union Government has created a separate Ministry of Co-operation for realizing the vision of 'Sahkar se Samriddhi'. This Ministry will provide a separate administrative, legal and policy framework for strengthening the cooperative movement in the country. It will help deepen co-operative...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 306

CBDT extends date for manual filing of tax forms for foreign remittance
Posted Date : 06-Jul-2021 , 09:40:28 am | Posted By CASANSAAR

The Central Board of Direct Taxes, CBDT has granted further relaxation in electronic filing of Income Tax Forms 15CA and 15CB and extended the date of filing from 30th June to 15th July, 2021. The taxpayers can now submit these forms in manual format to the authorized dealers till 15th of this month...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 583

SEBI fines IL&FS, AFSPL for fraudulent MF transactions
Posted Date : 05-Jul-2021 , 10:15:13 am | Posted By CASANSAAR

The Securities and Exchange Board of India (SEBI) has fined IL&FS Securities Services Ltd and Allied Financial Services Pvt Ltd (AFSPL) over involvement in fraudulent transfer of mutual fund units from client's accounts. The SEBI has imposed a total penalty of Rs 26 crore on IL&FS Sec...

Continue Reading...

Category : SEBI | Comments : 0 | Hits : 264

Businesses need not deduct TDS on share/commodity purchases via exchanges - CBDT
Posted Date : 05-Jul-2021 , 10:13:14 am | Posted By CASANSAAR

Businesses buying shares or commodities traded through recognised stock or commodity exchanges for any value even above Rs 50 lakh will not be required to deduct TDS on transaction, the Income-Tax Department has said. The I-T department has introduced a provision relating to Tax Deducted at Sourc...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 508

News By Categories

More Categories

Search News

 
 
 

Professional News For CA,CS,CMA.Fresh Accounting News Articles On Income Tax,Service Tax,Sales Tax, Vat,Company Law,RBI,CAG,Custom,Excise On CASANSAAR

www.casansaar.com
...keeps you updated

Home

  |  News

  |  Articles

  |  Discussion

  |  CA Firms

 |  Members

 |  CA Community

 |  Jobs

 |  Empanelment

 |  Files

 |  Matrimonial

 |  Students zone

 |  Queries

 |  Classified Ads

 |  Events

 |  About us

 |   Top Members

 |  Coaching Centres

  | Testimonials

 | Judiciary

 | Videos

 | Notifications/Circulars

 | Book

 | eDirectory

 | Interview

 | Website

 | Emails

 | Software

 |  Score Board

 |   Press Release  

 |   Blood Bank  

  |   Opinion Poll  

  |   Feedback
 |   Advertise us

 |   Terms & Conditions

 |   Contact us
 |   Blog

  |   Sitemap

  |   Income Tax

  |   Auditing

  |   Bank

  |   Bank branch audit

  |   Banking

  |   Black Money

  |   CA

  |   CA Announcement

  |   TDS

  |   Students Zone

  |   Custom

  |   VAT

  |   Service Tax

  |   Corporate Law

  |   General

  |   Excise

  |   SEBI

  |   Finance

  |   GST

  |   ICAI

  |   FEMA

  |   ICWAI

  |   ICSI

  |   DGFT

  |   RBI

  |   IFRS

  |   CAG

  |   Budget

  |   Merger & Acquisitions

  |   International Business

  |   Shares & Stock

  |   Excel Tips

  |   International Taxation

  |   ITR

  |   Chartered Accountant

  |   Tax Audit

  |   Companies Act

  |   Money Laundering

  |   MCA

  |   Income Tax Refund

  |   NPA

  |   Income tax software

  |   CST

  |   CA Exams

  |   CA Results

  |   CBDT

  |   Accounting Standards

  |   DIN

  |   Judical Announcement

  |   MDP

  |   PAN

  |   Whats App

  |   Secretarial Standards

  |   NGO

  |   CA Convocation

  |   Finance Bill

  |   ICAI Notification

  |   CARO

  |   COMPANIES SECRETARY

  |   Accounts

Follow Us : Twitter Icon Facebook Icon Orkut Icon Linkedin Icon Linkedin Icon

CASANSAAR Updates

Developed By: CASANSAAR Copyright © casansaar

Top Accounting Firms,CA COMMUNITY,CA SANSAAR,Chartered Accountant,Ca Networking Firms,Partner Portal,Ca Assignments,CA,Online Communities For Chartered Accountant,Circle For Ca,CS,CMA and FINANCE,Articles By CA / CS / CMA,accounting news articles,Ca Firms In Delhi,CA ANNOUNCEMENT

accounting jobs,article trainees,best website creator,empanelment,income tax slab, ITR, TDS Chart,budget of india 2014-15,gst,auditing,Income tax,students zone,cpt,community matrimony for ca,Classified Ads,Community Matrimony For Ca,Students Zone,Coaching Classes,Company Secretary,Cost Accountant,Judiciary.