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MNCS GET TAX BREATHER ON ASSET SALE

  Ravikumar.G    04 October 2007 at 16:20

Foreign companies selling assets in India could end up enjoying a concessional rate of capital gains tax of 10% even if these companies enjoy the foreign currency fluctuation benefit.This follows the ruling by the Authority for Advance Rulings (AAR)



AS 28 impact on OIL & GAS companies

  CA Nikita    04 October 2007 at 01:12

D MuraliEven as the field personnel of oil andgas (O&G) companies continue to battle with many complexities toget us the fuel, their accounting colleagues are toiling with adifferent difficulty: how to apply the Accounting Standard on assetimpair



service tax refund to exporters

  tarun    03 October 2007 at 16:31

Dear Sir,government of india has just issued a notification regarding service tax refund to exporters..can any one tell me much about this..plz let me also know what are the services on which the exporters can claim service tax refund...can any one t



Public Documents as 3rd party documents under the RTI Act

  CA Nikita    02 October 2007 at 22:39

How can Public Documents under the Indian Evidence Act be treated as 3rd party documents under the RTI Act to deny its access-Rajib Gupta I was always under the impression that the laws are made to infuse discipline & serve the ends of justice &a



How Performance Budgeting Can Help

  CA Nikita    02 October 2007 at 22:17

21st Century Challenges: How Performance Budgeting CanHelpGAO-07-1194T September 20, 2007 As part of its work to improve the management andperformance of the federal government, GAO monitors\nprogress and continuing challenges in using\u003cbr\>\nper



Cyprus: An Alternative Structuring route

  Abhiroop    02 October 2007 at 18:57

Cyprus: An Alternative Structuring route Cyprus is emerging as one of the alternative jurisdictions for structuring of Investments and is fast emerging as one of the most favoured jurisdictions. The advantages that Cyprus offers are many to make



How stocks market work??

  CA Nikita    02 October 2007 at 18:57

It was autumn, and the Red Indians on the remote reservation askedtheir New Chief if the winter was going to be cold or mild. Since hewas a Red Indian chief in a modern society, he couldn't tell what theweather was going to be. Nevertheless, to be on



At Arm's Length - A Perspective of the Transfer Pricing Regulations in India

  Abhiroop    02 October 2007 at 18:39

At Arm's Length - A Perspective of the Transfer Pricing Regulations in India The rapid globalization of the Indian economy has seen the entry of the multinationals into India and with it increasingly complex international transactions being entered



Sweeping away GAAP

  CA Nikita    02 October 2007 at 14:17

Sweeping Away GAAPFASB's Herz calls for a national plan to wean U.S. companies from their current rules-based accounting system.Marie Leone, CFO.comOctober 01, 2007At an industry conference Friday morning, Financial Accounting Standards Board chairma



Depreciation on leasing

  Ankit Dangayach    01 October 2007 at 23:35

Depreciation on leasing? An ageing puzzleUnder the Income Tax law, two most important conditions for tax depreciation claim pertain to ownership and usage of the asset. As is the case on any other contentious matter, history is replete with judicial




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