The concept of deemed dividend postulates two factors, whether thepayment is a loan and whether on the date of payment there isaccumulated profit.Closely-held companies having accumulated profits in whichsubstantial voting power lies in the hands of
The MIT Sloan Management Review brings out every quarter acompendium of ideas, opinions and research on the precepts andpractices of management and their application to real lifesituations. Whoever closely follows the contents over a period isbound t
Overview The role of Chartered Accountants has been undergoing a sea change. What was once a regulatory function has now evolved to a compendium of roles dealing with finance. Chartered Accountants (CAs) occupy key posts
What happens within boardrooms of companies has a direct bearing oncorporate governance, and the character and value systems of thedirectors and the time and inclination they have to exercise closeand constant supervision influence the happenings wit
FREQUENTLY ASKED QUESTION ON e-TDS1. What is annual e-TDS/TCS Return?Ans. Annual e-TDS/TCS return is the TDS return under section 206 of the Income Tax Act (prepared in Form Nos. 24, 26 or 27) or TCS return under section 206C of the Income Tax Act (p
India - Perspective for Growth with Stability(Addressby Dr. Y.V. Reddy, Governor, Reserve Bank of India at the Symposium onCurrent India at the Institute for Indian Economic Studies, WasedaUniversity, Nikkei, Shinbun on May 28, 2007.) Professor
The question whether plants and machinery assembled at site amounted to manufacture and therefore attracted excise duty arose in three appeals before the Supreme Court in the case, Commissioner of Central Excise vs Cethar Vessels Ltd. In one case, th
The Supreme Court has tightened the rule against the drawers of cheques, which are dishonoured for want of sufficient balance in the bank account. They cannot avoid service of notice by the payee by making themselves scarce, according to the judgment
The training for CAs is a highly elaborate procedure. Aspiring chartered accountants should pass the intermediate exam within ten years of the commencement of their practical training. During the training period candidates would be required to work i
Beforestating anything I have two words to explain aspects and procedures. Now if wewant to do any work perfectly than we should know the aspects and proceduresrelated to that particular work. To be professional in our work we shouldanalyze first wha
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
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