Nilesh Shah Writes:Cell: 92246-59941E mail: nilesh63@vsnl.comAccrual of interest before the accrual of principal amount.Interest income on compensation for compulsory acquisition is assessable on year to year basis as was decided by the Supreme Court
EASY LIFE WITH WILL T he importance of will power cannot be exaggerated. The will is the power house of the human machine. Will power is the greater motive force that lies behind every activity of the human body or the m
WHO IS TO TAKE THE HOT SEAT? The war to rule over the corporate corridors has cropped up in the recent days with CHARTERED ACCOUNTANTS on one side and MBA's on the other. Till before such a time the general perception was that CA's were entir
THE TRUTH AND MYTH ABOUT SUB PRIME MARKET IN THE US AND it’s IMPACT IN INDIAWe have already felt the heat of woes of sub prime market in the US, if the indirect impact could create such a dent on Indian market just think if this calamity was t
Have you noticed how incredibly busy everyone is these days? Customers, colleagues, competitors – life is crammed full of activity. The things we want to do today, get postponed until tomorrow and we wonder at the end of each day, just what exa
Nilesh Shah writes:Cell 92246-59941E Mail: nilesh63@vsnl.comThe provisions of section 56(1)(v) were introduced for the first time by the Finance No 2 Act,2004 with effect from 1-4-2005.What has the Finance Bill No 2, 2004 has to say when the provisio
Nilesh Shah Writes:Cell: 92246-59941E Mail: nilesh63@vsnl.comGarnishee proceedings on the Unit Trust of India (UTI)or on any other mutual fund or on banks is essentially one of attachment. Where the Income tax authorities ask for pre mature redeempti
ERP solutions for SMBs : Opportunity or Confusion ? Its action time in the SMB space. Suddenly, the space neglected for so long seems to generate a lot of interest for behemoths of the Information Technology Industry. The turf once ruled by the multi
Nilesh Shah Writes:Cell: 92246-59941E mail: nilesh63@vsnl.comEssential ingredients of a gift.Chapter VII of the Transfer of Property Act,1882 deals with Gifts of movable & immovable properties. Section 122 defines 'gift' as under:"Gift is a
Nilesh Shah Writes:Cell: 92246-59941E Mail: nilesh63@vsnl.comDebts recovery tribunal do not have jurisdiction to try cases relating to recovery of dues due to a co-operative bank.The dues of co-operatives and recovery proceedings in connection there
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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