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Revenue tries to pierce the corporate veil

  Ankit Dangayach    01 October 2007 at 22:56

Revenue tries to pierce the corporate veil In the recent past, controversy in relation to taxability of offshore sale or transfer of security in a foreigncompany (offshore special purpose vehicle (SPV)) has been consuming the energy of taxpayers and



Seven Meeting Etiquette Rules Not To Forget

  Ravikumar.G    01 October 2007 at 16:36

Business meetings are held for a variety of reasons, but one common characteristic is the sharing of information with others. As in dining, there are rules of etiquette that go along with meetings. I cannot believe the number of times I have been to



Income Tax - Modern History of Income Tax

  Ravikumar.G    01 October 2007 at 16:36

The Income Tax history in modern India dates back to 1860. In this year first Income Tax Act was introduced and which remained in force for a period of 5 years. This Act lapsed in 1865. Thereafter Act-II of 1886 was in force. This Act of 1886 was the



Profitable Trading In The Forex Markets

  CMA Gul S    01 October 2007 at 14:41

The basis behind using technical analysis is to find trends when looking at the forex charts and be aware of when they first develop so you can ride the trend until it ends. The foreign exchange market is a very strong trending market, lots of ups an



Some issues with Annual Information Return and Income-tax Return

  CMA Gul S    01 October 2007 at 14:41

S.285BA of the Income-tax Act (Act) read with Rule 114E of the Income-tax Rules (Rules) requires certain specified persons to file Annual Information Returns (AIR) every year. Income-tax Return Forms, ITR - 1, 2, 3 and 4, applicable to Individuals/H



Some Facts for Tax Provisions

  CMA Gul S    01 October 2007 at 14:41

1. Before we discuss the interpretation of 'beneficial provisions', it will be interesting to consider some basic rules of interpretation as laid down by the Supreme Court in its pronouncements viz. :(1) Legislative intent should be considered, henc



Careful while investing- Mr. FM

  CMA Gul S    01 October 2007 at 13:00

NEW DELHI: As Sensex continued its upward march on Friday, touching a new high of 17,361.47 points before closing at 17,291.10, finance minister P Chidambaram urged investors to adopt a cautious approach. "My advice to investors is that they should d



AS 17 likely to change with convergence

  riya    01 October 2007 at 03:59

Dolphy D'Souza The Institute of Chartered Accountants of India (ICAI) recently decidedthat Indian Accounting Standards will be fully in line with the IFRS(International Financial Reporting Standards) from April 1, 2011. Thechange from Indian GAAP (Ge



Gifts - Taxable or Non Taxable

  Ravikumar.G    30 September 2007 at 22:20

Applicability :Individual and HUFTaxability:Any sum of money,aggregate value of which exceeds Rs.50,000 /- is received during the previous year without consideration,by an Individual or a HUF from any persons on or after 01.04.06 then the whole of th



Accountant Malpractice Lawsuits - Collection Tool for Lenders?

  riya    30 September 2007 at 22:20

Accountant Malpractice Lawsuits - Collection Tool forLenders?By Grusd, Neville Lenders occasionally sue accountants for malpractice.This generally occurs when the lender suffers a lossand claims that the advances were made in reliance onincorre




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