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Infrastructure MFs are flavour of the year

  CMA Gul S    13 September 2007 at 14:38

It's not just the infrastructure sector that is witnessing fund inflows from a cross section of investors, including private equity players, for the past year. Schemes floated by mutual funds (MFs) have also piqued investor interest, as a result of w



Report on Indo-EFTA trade pact by year-end

  CMA Gul S    13 September 2007 at 14:38

A Joint Study Group (JSG) of India and the European Free Trade Association (EFTA), comprising Switzerland, Norway, Liechtenstein and Iceland, set up last December to explore the possibility of entering into a broad-based trade and investment agreemen



Re-hit exporters may get extra sops as govt worries on missing target

  CMA Gul S    13 September 2007 at 14:38

The government is likely to dole out an additional relief package for exporters hit by an appreciating rupee by the month-end with fears that the country may not achieve the $160-billion export target. The move comes at a time when the exporters have



Tax Benefits for Senior Citizens

  CMA Gul S    12 September 2007 at 18:06

What are the deductions admissible to a Senior Citizen? K G menonThere are not many . A person becomes senior citizen under Income Tax Act in any year after attaining the age of 65 even for one day. Once he attains 65 years, his status as senior citi



Powers Of A.O u/s 142(1) & 143(2)

  CMA Gul S    12 September 2007 at 18:06

I have the following queries?1. Is there a time limit for issuing notice u/s 142 (1) ?2. Can a notice u/s 142(1) be issued after a notice under 143(2) has been issued? If, yes what is the rational behind issuing such notice as powers under 143(2) are



Reassessment Notice

  CMA Gul S    12 September 2007 at 18:06

Can assessing officer issue notice u/s 148 on the basis of report of investigation wing. Is reassessment u/s 147 valid despite the fact he has given the reasons of opening case that investigation department has carried out investigation and found tha



Sarbanes- Oxley Act of 2002

  Mr. PURNA P    12 September 2007 at 13:59

Summary of SOXThe Act has 11 Titles.SECTION 1. SHORT TITLE; TABLE OF CONTENTS.(a) SHORT TITLE.-This Act may be cited as the ''Sarbanes-Oxley Act of 2002''. (b) TABLE OF CONTENTS.-The table of contents for this Act is as follows: Sec. 1. Short title;



Exit interviews: Gone with the wind

  CMA Gul S    12 September 2007 at 13:59

"So, why do you want to quit?" "The kind of work I'm doing here is least satisf......" "Is xyz offering you a better profile? Yeah...The kind of..." "Don't you think it's a foolish decision?" The confab went on for about three and a half hours with t



Importance of Clause 49

  CMA Gul S    12 September 2007 at 13:59

Action against 20 firms for violating Clause 49 For the first time after the deadline for implementing Clause 49 ended in December 2005, stock market regulator, Securities and Exchange Board of India (SEBI) has initiated action against 20 listed comp



Dual tax rate under scanner

  CMA Gul S    12 September 2007 at 13:59

Amid the hype about India and the rush of foreign investors, the government is dealing with a simple question: Why are tax rates lower for Indian companies, while foreign companies are subjected to a higher burden? The question, said officials, is ge