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Money Management

  Deepak kumar sharma    08 June 2012 at 11:38

The world moves around the money. Everybody wants economic freedom and security. India comes at top position when we talk about savings, but we are not as good investers as we save. One can use or waste money easily. Arrangement and management of mo



Excise Duty & Customs Duty Exemptions for Supplies

  Manoj Pala    07 June 2012 at 17:16

Excise Duty & Customs Duty Exemptions for Supplies made to Mega Power Project. That all the equipment supplied for the setting up the mega power projects enjoys both customs and excise duty exemptions.



The Fiscal Deficit - Is it really that bad

  BP Inani    07 June 2012 at 17:02

We are hearing a lot about this term Fiscal Deficit and more likely it has been depicted as the Devil behind all this recent economic mayhem experienced in India.You talk to any International Investment banker / Analyst / Economist and



Savings Rate - An illusion

  BP Inani    06 June 2012 at 14:03

Economic Crisis in the west is getting murkier by the passing day. Europe is struggling with Euro. Greece seems to be the first in a series of bail-outs which might give some momentary relief but to my mind it is not the solution to the prob



Booking Losses at the Right Time

  Ramalingam K    06 June 2012 at 11:41

Do you book profit or book loss? You have bought the shares of ABC Ltd at a rate of Rs.100 per share. The current market price is Rs.150 per share. Also you have bought the shares of XYZ Ltd at a rate of Rs.200 and the current market price is Rs



Accounting Deep Discount Bonds - I GAAP & IFRS

  Sanjay Chauhan (IFRS)    05 June 2012 at 12:21

A. Zero Coupon Bond (Deep Discount Bond) Zero-coupon bond (also called a discount bond or deep discount bond) is a bond issued at a price lower than its face value, with the face value repaid at the time of maturity. It does not make periodic inte



Investor Education and Protection Fund

  G S Rao    01 June 2012 at 10:58

Investor Education and Protection Fund (Uploading of information regarding unpaid and unclaimed amounts lying with companies) Rules, 2012 Introduction: Vide notification no.G.S.R. 352(E) Central Government published the Investor Education and Pr



Indian Economic Turbulence - A Comparative View

  Sanjay Chauhan (IFRS)    29 May 2012 at 14:09

Finance Minister Pranab Mukherjee on Wednesday, 23rd May 2012, assured Parliament that India's growth story remained intact despite Euro zone crisis and Greece turmoil. Mr. Mukherjee attributed the downward trend in the share markets to the glob



Persons carrying on agency business or earning commission

  Amit Bajaj    24 May 2012 at 11:45

Persons carrying on agency business or earning commission income should revise their return for A.Y 2011-12, if original return filed u/s 44AD In the Finance Bill 2012 section 44AD has been amended retrospectively w.e.f A.Y. 2011-12 to the effec



Analysis of Amendment in Cenvat Credit Rules, 2004

  PUNEET GOYAL    21 May 2012 at 15:51

(Before proceeding further please read the disclaimer at the bottom of this write up) Notification Number 18 CE (NT) dated 17.03.2012 issued along with Budget 2012 has amended CENVAT Credit R




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