Articles by Guest

Tax Planning On Sale of House Property

Posted by Guest 28 September 2011 36063 Views

Penny Saved is the Penny earned. Whenever a person sells any property, he has to pay income tax on the gain he earned. This gain is the difference between the sale price of the property and the purchase price of the proper

Service Tax - Expanded scope under Finance Bill 2011

Posted by Guest 15 September 2011 18959 Views

The Service Tax net was expanded to the Legal Consultancy service from 01.09.2009. The Taxable service was defined under Section 65(105)(zzzzm) of the Finance Act, 1994. The Legal services provided to a business entity by any other business entity

MCA Specific FAQ on XBRL

Posted by Guest 08 July 2011 13246 Views

I would like to know, whether the XBRL software has to be purchased from separate vendors and then install in our computers or MCA itself will provide us with the software. Which agency should I approach to get the XBRL software? XBRL instance doc

FAQs on Fast Track Exit Mode

Posted by Guest 06 July 2011 7626 Views

What is Fast Track Exit (FTE) Mode? Ministry has issued Guidelines for "Fast Track Exit (FTE) Mode" to give opportunity to the defunct companies to get their names struck off from the register under Section 560 of the Companies Act, 19

Before declaring NPAs, Bankers have numerous duties to perform

Posted by Guest 05 July 2011 14671 Views

Before declaring NPAs, Bankers have numerous duties to perform including rehabilitation not only once but multiple times Important Information for Borrowers and their advocates Our Associate and Banking Expert has drawn attention to th

Opening of an Escrow Account for FDI Transaction

Posted by Guest 30 June 2011 20392 Views

Introduction: Escrow is derived from the old French term escroue, which refers to a roll of parchment paper or a small scrap of paper held by a third party until the transaction of property or arrangement was made complete by full payment of the

Is collateral security necessary for bank loans?

Posted by Guest 24 June 2011 37951 Views

The concept of Social control in the field of banking sector was introduced by the Government of India for the first time in 1967 and with that in view, the Banking Regulation Act, 1949 was amended. The steps taken by amending the B

Importance of Bank Documents and Their Verification

Posted by Guest 14 June 2011 97265 Views

The Law of evidence plays a pivotal role in the effective functioning of the judicial system. The existence of substantive rights can only be established by relevant and admissible evidence. Relevancy of facts is the key to determine

A Comprehensive Overview of the SEBI

Posted by Guest 14 June 2011 18629 Views

A COMPREHENSIVE OVERVIEW OF THE SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992 INTRODUCTION One of the fundamental and most general principles of law is that when any individual acquires any kind of special knowledge or information

Optimal balance of financial instruments

Posted by Guest 31 May 2011 11819 Views

An optimal mix of financial instrument can be structured to incentivize the management to focus on the long-term management. However there is not a single unique optimal mix available for all firms. It will vary on firm, industrial characteristics