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Target Plus Scheme - Broad Nexus

  MONISH BHALLA    27 August 2010 at 12:42

The Target Plus Scheme (TPS) was introduced in the Foreign Trade Policy 2004-2009. The details of the scheme are enumerated under Para 3.7 of the Foreign Trade Policy and Para 3.2 of the Hand Book of Procedure and also in theNotification No. 32/20



Govt defines service tax on donation or aid

  MONISH BHALLA    26 August 2010 at 16:19

Education, coaching and training have become an expensive affair and many children from the poor families can't afford it. The lack of education and training leads to unemployment and if any organisation is imparting coaching and training to e



Development of IT infrastructure must before GST

  Amit Bajaj    25 August 2010 at 11:50

Goods and Service tax (GST) is the most talked about topic in the field of indirect taxation today in India. Everybody is keenly waiting for the proposed GST draft which will replace the existing system of VAT in India. The central government wants t



Understanding the provisions relating to Transfer Pricing

  Amit Bajaj    25 August 2010 at 11:47

With the advent of MNCs(Multi National Concerns) a trend has also been adopted by the MNCs to structure their investments and business strategy in such a way that profits are maximized in such jurisdictions where tax rates are low, which give rise to



Role of CAs in eradicating Corruption

  PRATEEK PATEL    23 August 2010 at 11:57

The role of Chartered Accountants (CAs) in eradicating Corruption If the accounting profession is committed to



Now we may get a new deadline for GST-1st April 2012

  CA Sudhir Halakhandi    23 August 2010 at 11:54

NOW WE MAY GET A NEW DEADLINE FOR GST- 1ST APRIL 2012CA SUDHIR HALAKHADIThe extended deadline of GST i.e. 1st. April 2011 is now coming very near and the fact is that still the centre and the states are not agree on even the draft of the Constitutio



Why complain about results..!!! - Reply..

  Nitin Soni    23 August 2010 at 11:54

All right!! Before I say what I have to.. let me first thank you all for commenting on my article... Why complain about results..!! Taking a stand is very important and almost all of you have taken a stand. Everyones opinion is worthy of attention



Administration in GST-Moving Upstairs or Downstairs

  Pradeep Jain    23 August 2010 at 11:54

ADMINISTRATION IN GST – MOVING UPSTAIRS OR DOWNSTAIRS Prepared By: CA Pradeep Jain, CA Preeti Parihar and Sukhvinder Kaur, LLB [FYIC] Introduction: “Too many cooks spoil the broth” perhaps this would have been in the thoughts



Knowhow write-off: Comparing Sec. 32 and Sec.35AB

  CA S.SAIRAM    23 August 2010 at 11:53

Knowhow write-off: Comparing Sec. 32 and Sec.35AB of IT ACT 1961The definition for Knowhow in the IT Act 1961 is “any industrial information or technique likely to assist in the manufacture or processing of goods or in the working of a mine, oi



Impact of IFRS on Different accounting aspects

  CA Raj Thakkar    23 August 2010 at 11:53

In Previous article I have disussed Impact of IFRS on Accounting Practise now I would like to go ahead with Impact of IFRS on Different Accounting Aspects. Here some important Items has been taken. Inventory Measurement At cost or net realizable