CAclubindia Articles

Tax implications of offshore derivative instruments

Mr. PURNA P 26 October 2007 at 11:09

Will the proposed review of foreign institutional investor (FII) regulations about issuance of ODIs (offshore derivative instruments) have any income-tax implications in India for the foreign investors? The answer appears to be in the affirmative."Th

Note on Retainership of Consultant

Dayal 19 October 2007 at 13:05

Note on Service Tax - Retainership of Consultant The retainership is covered by the ambit of service tax and would be covered under the definition of Management consultant. Management consultant as defined under the statute Date of Introduction: 16.1

Seven axioms for investors

Mr. PURNA P 16 October 2007 at 13:22

For starters, it is a good policy to diversify investments across a few industry sectors to insulate against vagaries of business cycles.Retail investors must understand that the present frenzy on stock markets is largely confined to big companies, a

Sensex from 1k to 19k : History

Aisha 16 October 2007 at 11:12

1000, July 25, 1990 On July 25, 1990, the Sensex touched the magical four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon and excellent corporate results. 2000, January 15, 1992 On January 15, 1992, the Sensex crosse

Rising rupee :Two sides of the coin

Aisha 15 October 2007 at 15:23

--------------------------------------------------------------------------------If we look at the rising rupee as an export burden, itis a problem. If we look at it as a source of cheapimports, it is an opportunity, says P. V. INDIRESAN.-------------

ICAI decides to introduce new AS

CA Nikita 15 October 2007 at 12:03

Corporates houses, banks and financial institutions have got just 18 months to begin the changeover to a new set of transparency, inducing accounting standards that will have a major impact on their financial statements. The new norms to classify, va

Cross border tax issues- a discussion

CA Nikita 15 October 2007 at 12:03

Last fortnight, the 61st International Fiscal Association (IFA) Annual Congress was hosted by the IFA's Japan Branch in Kyoto. Attended by over 1,200 tax and fiscal experts, comprising academicians and revenue officers from across 50 countries, IFA C

Applying VAT on international trade

CA Nikita 15 October 2007 at 00:32

International trade in services has expanded rapidly as a result of globalisation, aided significantly by the revolution in communication technology. This expansion has coincided with the global spread of Value Added Tax (VAT), with some 140 countrie

CA certification vs AO authorisation

CA Nikita 14 October 2007 at 18:50

India is now an important player in global trade. But the big increases in international transactions also throw up problems on the taxation front. This article looks at the withholding tax implications of cross-border payment for services. In the co

Managing divorce: Its all about alimony honey

CA Nikita 14 October 2007 at 15:10

Divorce is probably not an easy subject to confront in regular conversations. Writing about it is all the more difficult. But increasingly, many couples are parting ways. While some couples are financially well-off to take care of themselves, others