Companies would soon be able to file stamp papers electronically with the ministry of corporate affairs, a senior official said today. "Companies are now filing their papers online, with the exception of stamp papers. But we are working on this as we
The Central Board of Direct Taxes (CBDT) has clarified that lending and borrowing of shares for short selling in equities will not attract capital gains tax. With this clarification one of the important hurdles in the way of permitting short selling
The Insurance Regulatory and Development Authority of India (IRDA) has banned unit-linked insurance plans (ULIPs) in which charges are based on a complex structure, making it difficult for policyholders to comprehend. Such products in insurance parla
The Reserve Bank is considering the use of long-lasting and more durable plastics for printing currency notes, to replace paper notes that have a shorter life. "The bank is deliberating upon the option of bringing in plastic currency which can be a m
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Auditors are preparing for particularly careful scrutiny of companies' assumptions about valuation and the risks posed to their businesses in the light of current market volatility.Two of the Big Four UK accountancy groups have issued internal memos
In a significant ruling, the Supreme Court has laid down guidelines for encashment of bank guarantee or letter of credit. A bench comprising justice Tarun Chatterjee and justice PK Balasubramanyan said, "We find that the following principles should b
Another step to curb black money transactions. Inanother step to keep closer tabs on financial transactions and curb black moneytransactions, the government is planning to make quoting the permanent accountnumber (PAN) mandatory for all transaction
A comprehensive Vision Document titled `ICAI Vision for the 21st Century' was released in 2002; comprising detailed vision and restructuring business plan for the Institute and the profession keeping 2010 as target year. Since then, the world economy
Loss of a dear one leaves a void that cannot be filled. The familybesides being emotionally disturbed, is also at loss on financial front,especially if that individual is the sole/main earning member of the family.Often the family receives one or mor
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