Community & General Articles
Letter of Credit
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
Effective dates of various provisions. Of BUDGET -09-10
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.
Safe Harbor powers:A Double Edged Sword in the hands of CBDT
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
Monsoon Budget 2009...Spells of Monsoon
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
Mergers & Acquisitions : A Conceptual Overview
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
MAT Effect
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
The FM Says It Right
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
Budget 2009 belies expectation of taxpayers
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
Budget is not focused on Aam Adami
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
Budget 2009-10: General Comments
In the budget the Hon’ble Finance Minister emphasizes inclusive growth in the challenging global scenario. The budget took into consideration the falling growth rate and its impact on social sectors. The budget provides greater outlay for rura
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