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India Downgraded - Needs Policies

Posted by Indraneel Sen Gupta 26 April 2012 9142 Views

WRITING ON THE WALL.NOW BEING HEARD. The writing was on the wall and now its being heard. The country's weakening debt profile and sluggish investment climate has blown the trumpet of Indian economic prospects. Well the downgrading



Taxability of Gifts

Posted by CA AJIT YADKIKAR 25 April 2012 111991 Views

Taxability of gifts received by an individual or Hindu Undivided Family Gifts received by an individual or Hindu Undivided Family (HUF) are taxable in certain situations as prescribed by Income tax Act. The gift may be in the form of money or p



Sick companies - The Companies Bill 2011

Posted by Victor J uruvath 25 April 2012 63303 Views

Our existing companies act 1956 was enacted based upon the recommendations of the Bhabha committee with an object to amend and consolidate the law relating to companies and certain other associations. The Com



Foreign Exchange Management Act, 1999 (FEMA): Basic Understanding

Posted by Ajay Mishra 25 April 2012 392002 Views

INTRODUCTION A system of exchange control was first time introduced through a series of rules under the Defense of India Act, 1939 on temporary basis. The foreign crises persist



Want to Avail Portfolio Management Services?- Invest More

Posted by Sikha Bansal 23 April 2012 17724 Views

A portfolio manager is a body corporate who, pursuant to a contract or arrangement with a client, advises or directs or undertakes on behalf of the client, the management or administration of a portfolio of securities or the funds of the client. T



Critical issues under SARFAESI Act, 2002?

Posted by Durga Rao 23 April 2012 42578 Views

It is always welcome to enable the Banks to recover their dues using the provisions of SARFAESI Act, 2002. It is known that it is very difficult for the Banks to approach Civil Court asking for a decree and getting that decree executed. With the i



AMT v/s. SEZ units

Posted by Madhuri Jain 23 April 2012 32459 Views

Has the Finance Act, 2012 tried to make illusionary the exemption benefits available to SEZ units u/s. 10AA of the Income Tax Act ? First of all, let us briefly go through the provisions of exemption u/s. 10AA of the Income Tax Act and the Alt



The Companies Bill, 2011 - Welcome Reforms for Independent Directors

Posted by Victor J uruvath 23 April 2012 17867 Views

Introduction When we hear that an individual is appointed as an Executive Director of a company, we know that his duties include fiduciary duties, statutory duties and duty



Steps for E-Filing of Service Tax Return

Posted by Naveen Chand Khulve 23 April 2012 318867 Views

W.e.f. 01.10.2011 vide Notification No. 43/2011 Service Tax, dated 25.08.2011 E-filing of Service Tax Returns (ST-3) made mandatory for all Assessees . Here is the steps for e-filing of service tax return Steps for E-Filing of Service Tax Re



ABC of Foreign Exchange

Posted by Rishabh Ahuja 20 April 2012 28537 Views

With the most busy month of March finally getting over, its time to relax and spend time with your family and go out on a vacation. And if




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