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Is BASEL III boon for Indian economy or a curse

  Indraneel Sen Gupta    05 May 2012 at 11:54

I have tried my level best to make my readers understand that RBI is not going to play the old tunes of boosting the stock market. Whenever there has been a rate cut we have hoped that RBI is doing the action to boost the market and Indian industr



Cost Compliance Report and Applicability On New Industries

  CMA Navneet Kr Jain    03 May 2012 at 12:45

Cost Compliance Report and Applicability On New Industries for the year 2011-12: From the year 2011-12 onwards many companies have come under the purview of Section 209(1)(d) of the companies Act



Right To Inspect Members Register, Annual Returns Etc

  G S Rao    02 May 2012 at 11:29

Introduction There are several sections in the Companies Act, 1956 which give rights to members, debenture holders, creditors and directors. Many are ignorant of these rights as they are not appearing at one place but are appearing in different S



Beware Dealers Claiming Input Tax Credit

  CA Saiyum khan    02 May 2012 at 11:22

One of my clients has received the demand notice from the Commercial Tax Department of Gujarat for payment of VAT against wrong claim of Input Tax Credit. On scrutinizing the relevant documents of input tax credit it was found that Tax Invoice was i



'Tenancy Rights' and action under SARFAESI Act, 2002?

  Durga Rao    02 May 2012 at 11:22

Banks used to take advantage of the provisions of SARFAESI Act, 2002 earlier in taking possession of the secured asset even when the tenant was in possession of the property. Absolutely, there is no difficulty in taking the possessio



Deferred Tax in Simple Words - PART II

  Vignesh Killur    02 May 2012 at 11:22

The Day is 1st of April 2001; the Indian Accounting Fraternity is introduced to the concept of Deferred Tax. Accounting for Taxes on Income (AS 22) is applicable to different categories of enterprises from different dates. TABLE 1.



Institutional Placement Programme (IPP)

  Victor J uruvath    02 May 2012 at 11:21

Foreword The article intends to study the provisions of Institutional Placement Programme (IPP) - a recently introduced mode of raising additional capital, in order to comply with minimum public shareholding



The Indians' Craze For Gold

  Tony John    30 April 2012 at 11:47

Gold is a precious metal which is well-known for its shiny, yellow colour. It got its name 'gold' from an Anglo-Saxon world 'gelo', which means yellow. On the other hand, in Chemistry, it has been



Capital Gain - Part 1

  Manish Kumar Agarwal    28 April 2012 at 11:20

UNDERSTANDING TAX ON CAPITAL GAINS WITH LATEST CASE LAWS: PART - I Taxation of Capital Gain is the most disputed subject amongst all major tax disputed subjects. Generally, the capital gain tax not comes to every assessee and it may come in hi



How to face Inspection u/s 209-A of the Companies Act,1956?

  G S Rao    28 April 2012 at 11:20

Introduction I am overwhelmed by the response of the readers to my previous articles on Inspection and Investigation. It motivated me to continue the series. I felt that it would be more appropriate, if I cover the preparatory steps to face inspec