Community & General Articles

XBRL- Basics

Posted by CA Abhishek 13 March 2013 21383 Views

What is XBRL? XBRL is a language for the electronic communication of business and financial data which is revolutionizing business reporting around the world. It provides major benefits in the preparation, analysis and communication of business in

Five Reasons to invest in Debt Funds

Posted by Ramalingam K 13 March 2013 9592 Views

Though debt funds have got their own advantages, they are mostly ignored by common investors. Debt funds have got a unique place in your portfolio. Here are five simple situations, in which debt funds can be used by prudent investors. 1) To m

Internal Control as Management tool!

Posted by Kannan Iyappan 09 March 2013 16337 Views

Senior management continually seeks ways to improve control over the organizations they lead. Internal controls are implemented to keep public or private enterprises, non-profit and other entities regardless of size on course toward

Union Budget at glance Direct and Indirect

Posted by CA.Hanumantha Reddy 06 March 2013 21834 Views

Budget at glance for financial year 2013-2014 DIRECT TAXES Corporate tax rates remain unchanged Surcharge Domestic companies: Surcharge has been increased to 10% from 5% if the total income exce

Budget- Is there any relief?

Posted by MudraMantri 06 March 2013 7321 Views

Goofy, a 24 year old techie, in Bangalore was worried to the core. He was constantly scrolling the TV channels to find out if there is any relief for a salaried class like him. But alas, there is nothing. The only thing that matters to him and

Budget 2013-14- Nothing to cheer

Posted by Mahesh Kapasi 05 March 2013 8908 Views

There is nothing to cheer in Union Budget 2013-13. A routine affair with elections in mind is the effort by our Honourable Finance Minister Mr. P. Chidambaram, who is tough Finance Minister he has tried to show growth of economy-to win electi

Union Budget 2013 - Changes

Posted by Manoj Pala 02 March 2013 17285 Views

The Honble Finance Minister Mr.P.Chidambaram has presented Union Budget 2013 in both the houses of Parliament on 28th February, 2013 at 11 Hrs sharp. There is no change in the rate of duties and accordingly the rates of Excise T

India's growth story?

Posted by Durga Rao 02 March 2013 8427 Views

In the recent past, there is much talk among the business people, media and also society about Indias growth story, consequences of slow-growth rate, ways to improve the growth and taking the growth rates again to more than 8%. Growth can c

Income Tax Amendment Highlights: Major Amendments

Posted by JITENDRA 01 March 2013 31303 Views

Taxability of immovable property received for inadequate consideration: It is proposed to amend the provisions of clause (vii) of sub-section (2) of section 56 so as to provide that where any immovable property is received for a considerati

Snapshots - Budget 2013

Posted by CA. Bikash Bogi 01 March 2013 7269 Views

HIGHLIGHTS OF BUDGET 2013 This Snapshot is prepared solely on the basis of Budget Speech of Honble Finance Minister. A. DIRECT TAXES INDIVIDUAL / FIRMS a. No change in income tax slabs. b. Tax credit of Rs. 2,000/- for income upt