Articles by Guest

Tax Planning On Sale of House Property

Guest 28 September 2011 at 18:11

Penny Saved is the Penny earned. Whenever a person sells any property, he has to pay income tax on the gain he earned. This gain is the difference between the sale price of the property and the purchase price of the proper

Service Tax - Expanded scope under Finance Bill 2011

Guest 15 September 2011 at 18:01

The Service Tax net was expanded to the Legal Consultancy service from 01.09.2009. The Taxable service was defined under Section 65(105)(zzzzm) of the Finance Act, 1994. The Legal services provided to a business entity by any other business entity

MCA Specific FAQ on XBRL

Guest 08 July 2011 at 13:31

I would like to know, whether the XBRL software has to be purchased from separate vendors and then install in our computers or MCA itself will provide us with the software. Which agency should I approach to get the XBRL software? XBRL instance doc

FAQs on Fast Track Exit Mode

Guest 06 July 2011 at 13:18

What is Fast Track Exit (FTE) Mode? Ministry has issued Guidelines for "Fast Track Exit (FTE) Mode" to give opportunity to the defunct companies to get their names struck off from the register under Section 560 of the Companies Act, 19

Before declaring NPAs, Bankers have numerous duties to perform

Guest 05 July 2011 at 13:26

Before declaring NPAs, Bankers have numerous duties to perform including rehabilitation not only once but multiple times Important Information for Borrowers and their advocates Our Associate and Banking Expert has drawn attention to th

Opening of an Escrow Account for FDI Transaction

Guest 30 June 2011 at 17:30

Introduction: Escrow is derived from the old French term escroue, which refers to a roll of parchment paper or a small scrap of paper held by a third party until the transaction of property or arrangement was made complete by full payment of the

Is collateral security necessary for bank loans?

Guest 24 June 2011 at 12:36

The concept of Social control in the field of banking sector was introduced by the Government of India for the first time in 1967 and with that in view, the Banking Regulation Act, 1949 was amended. The steps taken by amending the B

Importance of Bank Documents and Their Verification

Guest 14 June 2011 at 17:44

The Law of evidence plays a pivotal role in the effective functioning of the judicial system. The existence of substantive rights can only be established by relevant and admissible evidence. Relevancy of facts is the key to determine

A Comprehensive Overview of the SEBI

Guest 14 June 2011 at 17:44

A COMPREHENSIVE OVERVIEW OF THE SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992 INTRODUCTION One of the fundamental and most general principles of law is that when any individual acquires any kind of special knowledge or information

Optimal balance of financial instruments

Guest 31 May 2011 at 11:22

An optimal mix of financial instrument can be structured to incentivize the management to focus on the long-term management. However there is not a single unique optimal mix available for all firms. It will vary on firm, industrial characteristics