CAclubindia Articles
Sec-263 a thorough study!!
When cannot section 263 be evoked? Section 263 cannot be evoked in the following cases:- An assessment order can not be re-opened if there is no jurisdictional error in the order. The order of the AO can not also be revised if it has
Tribunal's power to grant stay of demand
Section 254 of the Income-Tax Act, 1961 relates to appeals before the Income Tax Appellate Tribunal (ITAT) by assessees and the tax department. It also deals with the law relating to grant of stay of demand on assessees' petitions. This section was
Indian Chartered Accountants are emerging as a global force now
Technology up gradations opened up a new avenue for chartered accountants in India too. Many companies in USA and UK are looking for hiring professional services from an Indian corporation, as it is proven that Indian can adapt to any system easily a
What's short-selling of shares
What is short-selling? Short-selling, in the context of the stock market, is the practice where an investor sells shares that he does not own at the time of selling them. He sells them in the hope that the price of those shares will decline, and he w
Watching of watch dogs Movements.
POINT ARISES FOR DELIBARATIONS .1.SEBI circulars approved in parliament/by ICAI.2.Similar Treatment Indian Financial Institute Getting in the counterparts country? 3.is this not siply move to dragged hard earned money out of country?SEBI permits acc
Knowledge Process Outsourcing
THIS ARTICLE HAS BEEN PUBLISHED IN THE 'INFORMATION TECHNOLOGY' SPECIAL ISSUE (JUNE 2006) of 'Sanhita' - a monthly magazine for corporate professionals published by the Pune Chapter of WIRC of The Institute of Company Secretaries of India. A CII Repo
Testing Balance Sheet Strength
Testing Balance Sheet Strength For stock investors, the balance sheet is an important consideration for investing in a company's stock because it is a reflection of what the company owns and owes. The strength of a company's balance sheet can be eval
DO NOT RUSH INTO CAPITAL ACCOUNT CONVERTIBILITY: RBI
The deadline for capital account convertibility could be pushed by another 10 years, going by the views of the Reserve Bank of India (RBI). This is way-off the schedule suggested by the Tarapore Committee on fuller capital account convertibility and
'RBI TO LEAVE INTEREST RATES INTACT, MAY HIKE CRR'
Unlike US Federal Reserves which cut interest rates by 50 basis points on Tuesday, the Reserve Bank of India is likely to retain the interest rates intact, global financial service provider Merrill Lynch said on Wednesday. The regulator, however, may
MORE SERVICE TAX SOPS FOR EXPORTERS
There is more relief in store for harried exporters. The list of services on which exporters have been granted exemption from payment of service tax may be expanded. Commission paid to foreign agents - which forms a sizeable chunk of the service tax
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