Articles by CMA Gul S

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Highlights of quarterly review of Annual statement of Moneta

  CMA Gul S    28 March 2008 at 22:54

Highlights of quarterly review of Annual statement of Monetary Policy 2007-08 RBI Governor presents Third Quarter Review of Annual Statement on Monetary Policy for 2007-08 Dr. Y Venugopal Reddy, Governo



Top 10 Estimation Best Practices

  CMA Gul S    25 January 2008 at 13:43

1. Use more than one person - By engaging the team in the estimation process we gain the benefits of additional insights and consensus building. Additional people bring different perspectives to estimating and spot things individuals may miss. Also,



Profitable Trading In The Forex Markets

  CMA Gul S    01 October 2007 at 14:41

The basis behind using technical analysis is to find trends when looking at the forex charts and be aware of when they first develop so you can ride the trend until it ends. The foreign exchange market is a very strong trending market, lots of ups an



Some issues with Annual Information Return and Income-tax Return

  CMA Gul S    01 October 2007 at 14:41

S.285BA of the Income-tax Act (Act) read with Rule 114E of the Income-tax Rules (Rules) requires certain specified persons to file Annual Information Returns (AIR) every year. Income-tax Return Forms, ITR - 1, 2, 3 and 4, applicable to Individuals/H



Some Facts for Tax Provisions

  CMA Gul S    01 October 2007 at 14:41

1. Before we discuss the interpretation of 'beneficial provisions', it will be interesting to consider some basic rules of interpretation as laid down by the Supreme Court in its pronouncements viz. :(1) Legislative intent should be considered, henc



Careful while investing- Mr. FM

  CMA Gul S    01 October 2007 at 13:00

NEW DELHI: As Sensex continued its upward march on Friday, touching a new high of 17,361.47 points before closing at 17,291.10, finance minister P Chidambaram urged investors to adopt a cautious approach. "My advice to investors is that they should d



F A Q ON ITR FORMS BY INCOME-TAX DEPARTMENT

  CMA Gul S    25 September 2007 at 15:51

1. What are the forms that should be used for e-Filing? Answer: The Forms that are currently available for e-Filing for A.Y. 2007-08 are ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, & ITR-8. For A.Y. 2006-07 For A.Y. 2006-07, the e- return could be



Some more Questions on ITR

  CMA Gul S    25 September 2007 at 15:51

31. The assessee who is under presumptive taxation scheme i.e. "no accounts case", what he should write for sundry debtors, sundry creditors, stock in trade, cash balance, gross profit as he may not have all these details since he is not maintaining



Fringe Benefit Tax(FBT): Employers Get Time

  CMA Gul S    25 September 2007 at 15:51

With rules for payment of fringe benefit tax on employee stock options yet to be finalised, the Central Board of Direct Taxes (CBDT) on Wednesday extended the last date for payment of the first two instalments of advance tax to December 15 this year.



Income Tax Issues And Solution

  CMA Gul S    25 September 2007 at 12:37

WS Bhakti: I am doctor retired from MCGM three years ago. Presently, I am looking after a training program of foreign medical students in Mumbai for which I get professional fees every month from a US-based NGO in the form of dollars. The dollars are