Articles by CMA Gul S

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

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

Resume Tips

CMA Gul S 12 September 2007 at 13:59

Resume Tips A Curriculum Vitae (CV) is the mirror which gives a company complete picture of the candidate. CV is a medium to market yourself.Most people underestimate the importance of a CV (resume). M! any of us put off writing our CV until last mom

Golden Rules for Career Success

CMA Gul S 11 September 2007 at 18:24

WORKING as a business consultant allover the world, I have discovered somebasic career-related rules that everyoneshould know-but many don't.Business is made up of ambiguous victories andnebulous defeats. Claim them all as victories.Keep track of wh

The Challenges of Financial Liberalisation for Emerging Market Economies

CMA Gul S 11 September 2007 at 17:45

The BIS recently announced that the RBI Vice-Governor, Mr Rakesh Mohan, will chair a new working group on "Capital flows and emerging economies". I would like to congratulate him for accepting to explore this complex issue. I will offer some views on

GUIDELINES ON LENDING TO PRIORITY SECTOR

CMA Gul S 11 September 2007 at 17:45

GUIDELINES ON LENDING TO PRIORITY SECTOR - Revised As announced in the Reserve Bank's Annual Policy Statement for the year 2005-06, the prescriptions relating to priority sector lending have been modified and several new areas included from time to t

Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) deposits

CMA Gul S 11 September 2007 at 17:45

Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) depositsPlease refer to paragraph 86 of the Third Quarter Review of the Annual Policy Statement for the year 2006-07 enclosed to Governor's letter No.MPD.BC.288/07.01.279/200