Community & General Articles
Landmark judgement in competition act explained
Introduction In the month of June 2012, competition commission had passed a judgment (Case no 29/2010 Builders Association of Indias case) in a complicated case which involved interpretation of economic variables and substantial que
Stamp duty on transfer of shares
Introduction As per Indian Stamp Act,1899, Stamp duty is payable on instruments and an instrument has been defined as any document
November 12- It is all about earning respect!
It is all about earning respect!! 18th August, 3.50 am 2Silver and 4 Bronze i.e. London Olympics has given us 6 new names to cheer for next 4 years. But what about the other 77 athletes who competed in 13 sports!! You know Olympics are very much
An overview of Life Insurance Contracts
Introduction Insurance is a contract between two parties namely insurer and the insured (policyholder) whereby insurer agrees to indemnify or to pay a certain sum of money to the
Functional Currency under IFRS and its Implementation
This article covers the Functional Currency aspect differentiating with Presentation Currency as laid in Ind AS 21 i.e. IAS 21, which is totally new concept when India converges to IFRS. Introduction India has laid do
The Role of short term sensations in the long term investment
In the digital age, the current affairs reach our living room 24*7. The power of internet and social media makes the news and rumours spread like a wildfire. Because of this information overload we become so focused on details that we begin to ign
The Power of Effective Communication
Speaking what the other wants to hear! A short True Story from our pre-historic times: In between the grand lunch, accompanied by Kings of all neighbouring Kingdoms, where the most exquisite and the tastiest foods
Pure Economics: Re - Presenting Poverty
Few days ago I got stunned when I had a privilege to read a Latest (well it has published one year ago) book commenting on Poverty and the ways to end it. The Book is titled as POOR ECONOMICS: Rethinking Poverty and ways to end it, a
Kindness of a Stranger
It was 2004 and I was barely 18 when I came to India for my studies from Nepal. Having studied Science till 12th, I had planned on going to the United States
Fishing inquiries unconnected with reasons
It is generally seen in the reassessment proceedings u/s 147 of Income Tax Act, 1961, the assessing officers tend to make inquiries and ask ques
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