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RETURNING NRIs - FEMA PROVISIONS

  CMA Gul S    11 September 2007 at 13:51

''Return 2 India'' is much cherished dream but the fears re: ''can or cannot continue'' or say ''to or not to disclose overseas assets'' are most dreaded ones. Fortunately NRIs returning home for settlement can happily "keep the cake and eat it too

Posted in Others |   4558 Views


NRIs CORNER - TAX FREE INCOME

  CMA Gul S    11 September 2007 at 13:49

Income-Tax exemptions are a bonanza offered to NRIs but caution is required while enjoying these tax exemptions and one needs to " read between the lines " as the same are based on the residential status of an NRI under FERA1973 (FEMA1999) and the

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For ages Non-Resident Ordinary accounts were balances in banks to be retained and utilized in India which earned nominal interest which was subject to much forgotten tax deduction at source at flat rate of 30%.Those days are gone and now Reserve Bank

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Against the backdrop of rising property prices & interest rates, borrowers need to be aware of the tax breaks offered by home loans. Tax breaks can be availed on both components of the loan installment - principal and interest. Tax benefits, in r

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India on Monday inked an agreement with Mexico for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income. The accord is to come into force on a date to be notified in due course. The double taxation avoidan

Posted in Others |   1979 Views


Basic Computer Troubleshooting Guide

  Guest    08 September 2007 at 15:57

Basic Computer Troubleshooting Guide1. Don't panic.Relax. Take a breath. Many computer problems appear more serious than they really are.It may look like the computer has crashed and all your data is lost forever. But there are a host of problems tha

Posted in Others |   1967 Views



Bank balance sheets may turn more volatile on account of the new accounting rules that would change the way derivatives are valued. The central bank has set up a sub-group to look at implementation of Accounting Standard 30 (AS 30), which pertains to

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Indian exam Syllabus

  Ritesh    30 August 2007 at 16:10

L.I.C. Officers' ExamA competitive examination for the recruitment of the Assistant Administrative Officers etc, in Life Insurance Corporation (LIC) is held once a year, generally in the month of June. The blank application form and particulars are p

Posted in Others |   3371 Views


Be Alert

  nikunj    26 August 2007 at 15:36

ATTENTION STUDENTS PURSUING C.S. COURSE Applicability of Latest Finance Act and other changes for Company Secretary June 2006 Examination. Direct Taxes All the students may kindly note that for the June 2006 Examination session, in respect of Direct

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Wealth-tax (First Amendment) Rules, 2007

  CA Nikita    22 August 2007 at 18:59

Wealth-tax (First Amendment) Rules, 2007 - Amendments in rule 4A, substitution of rule 4AA and Form DA; insertion of Form DAANotification No. 216/2007 [F. No. 142/11/2007-TPL], dated 7-8-2007In exercise of the powers conferred by section 46 of the We

Posted in Others |   1567 Views





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