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Bank Guarantee

  Member (Account Deleted)    14 July 2009 at 19:27

IntroductionA bank guarantee is a written contract given by a bank on the behalf of a customer. By issuing this guarantee, a bank takes responsibility for payment of a sum of money in case, if it is not paid by the customer on whose behalf the guaran



Budget at glance on service tax

  CA.Hanumantha Reddy    14 July 2009 at 19:26

Budget 2009 (2) · The rate of service tax remain unchanged · Basic duty of import remain unchanged· CST rate has been remain unchanged· GST comes in 2010 Service Tax Introduction of New Ser



Brief Discussion on Proposed Amendments in IT Act-Business

  Anumanchipalli Sathikonda    14 July 2009 at 19:25

Income-tax Act. 1961. CORPORATE TAX PROPOSALS Rates of Tax for AY 2010-2011 Ø Basic rate of tax for Domestic and Foreign Companies, Firms remain unchanged @ 30%.Dividend Distribution Tax also remains unchanged @15%.Ø Rate



Letter of Credit

  Member (Account Deleted)    14 July 2009 at 12:15

IntroductionLetter of Credit L/c also known as Documentary Credit is a widely used term to make payment secure in domestic and international trade. The document is issued by a financial organization at the buyer request. Buyer also provide the neces



Summary-Master Circular-Investment in JV/WOS

  Rajeev N L    13 July 2009 at 22:20

Summary of Master Circular on Investments by Residents in JV and WOS abroad SECTION A Objective of Circular:Regulate acquisition and transfer of a foreign security by a person resident in India i.e. investment by Indian entities in overseas ‘j



Effective dates of various provisions. Of BUDGET -09-10

  CA. Amit Daga    13 July 2009 at 13:54

Effective dates of various provisions. Of BUDGET -09-10. In the Income Tax side, most of the provisions of the Finance Bill will come into force with effect from 01.04.2010; here is a list of some important provisions and their effective dates.



Safe Harbor powers:A Double Edged Sword in the hands of CBDT

  G Anandhi    12 July 2009 at 14:23

Safe Harbour Provisions in India Transfer Pricing: A Double Edged Sword in the hands of CBDTBy G.Anandhi, Grant Thornton India Transfer Pricing, HyderabadIntroduction: In exactly eight years since the introduction of transfer pricing provisions in



Women's Weekly: Trading places

  Equitymaster    11 July 2009 at 13:20

In a family, a man usually manages the money and savings, but we ask – why not the woman?A cool wind blowing gently through the palm trees, caressing your hair as you lie on a hammock in the summer sunshine, under the azure sky and watch your g



Goods Transport Agency

  Chirayu Kothi    10 July 2009 at 20:41

TRANSPORT OF GOOD BY ROAD(w.e.f 01-01-2005 Nofn. No. 33/2004, 34/2004, 35/2004 dt 03-12-2004) Scope: Goods Transport Agency: Means “any person” who provides services in relation to transport of good by Road and issues note, by whatever n



TAX UPDATES

  CA Lalit Mohan Agarwal    10 July 2009 at 20:40

1 TAX UPDATES 1. Black money hunt begins The government has made the first move to track down individuals and entities that have slashed away black money in offshore banks. Th