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Bank Guarantee

  Member (Account Deleted)    14 July 2009 at 19:27

IntroductionA bank guarantee is a written contract given by a bank on the behalf of a customer. By issuing this guarantee, a bank takes responsibility for payment of a sum of money in case, if it is not paid by the customer on whose behalf the guaran

Posted in Others  7 comments |   55067 Views


Letter of Credit

  Member (Account Deleted)    14 July 2009 at 12:15

IntroductionLetter of Credit L/c also known as Documentary Credit is a widely used term to make payment secure in domestic and international trade. The document is issued by a financial organization at the buyer request. Buyer also provide the neces

Posted in Others  11 comments |   18756 Views


Effective dates of various provisions. Of BUDGET -09-10

  CA. Amit Daga    13 July 2009 at 13:54

Effective dates of various provisions. Of BUDGET -09-10. In the Income Tax side, most of the provisions of the Finance Bill will come into force with effect from 01.04.2010; here is a list of some important provisions and their effective dates.

Posted in Others  15 comments |   11924 Views


Safe Harbor powers:A Double Edged Sword in the hands of CBDT

  G Anandhi    12 July 2009 at 14:23

Safe Harbour Provisions in India Transfer Pricing: A Double Edged Sword in the hands of CBDTBy G.Anandhi, Grant Thornton India Transfer Pricing, HyderabadIntroduction: In exactly eight years since the introduction of transfer pricing provisions in

Posted in Others  2 comments |   9070 Views


Monsoon Budget 2009...Spells of Monsoon

  baba kishore mutta    09 July 2009 at 15:49

MONSOON BUDGET 2009.....Spells of MonsoonConcept Conceived & Written ByBaba Kishore Mutta mail your feedback at babakishore@gmail.comNote: The discussion in the ensuing paper is an effort to simplif

Posted in Others  2 comments |   5694 Views


Mergers & Acquisitions : A Conceptual Overview

  CA. Harsh Thaker    08 July 2009 at 18:46

In today’s dynamic Business world Mergers & Acquisitions (M&As) are becoming a common and regular feature for majority of corporate houses. This article throws light on various implications and aspects connected with a Merger & Acqu

Posted in Others  2 comments |   17113 Views


MAT Effect

  CA Nilamani Mohanty    08 July 2009 at 15:58

MAT rate from 10% to 15% will result in higher cash outflow for zero-tax companies. At a time, when most industries are facing credit crunch, imposing higher tax, for which credit may be available in future, seems to be out of sync with the finance m

Posted in Others  3 comments |   7731 Views


The FM Says It Right

  Equitymaster    07 July 2009 at 15:20

A single Budget speech cannot solve all our problems, said the Finance Minister Mr. Pranab Mukherjee as he began his speech today. And what he delivered (or didnt) was exactly what he said at the start. His budget for 2009-10 is now being seen as a n

Posted in Others |   4169 Views


Budget 2009 belies expectation of taxpayers

  Guest    07 July 2009 at 11:46

The Union Budget 2009 has belied the expectations of all tax payers especially income tax payers! There is noting to cheer by aam aadmi as perhaps aam aadmi means a person who is not earning an income liable for Income Tax-that is what the UPA govern

Posted in Others |   4260 Views


Budget is not focused on Aam Adami

  CA Nikita    07 July 2009 at 11:12

Budget is not focused on Aam Adami- CA Sudhir HalakhandiCA Nikita Jain - Now the Budget for the year 2009 has been presented and we have with us the Tax expert and eminent tax columnist and writer CA Sudhir Halakhandi Once again to give his reactions

Posted in Others |   4529 Views