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Budget 2008.. A write up
MAHESH KAPASI & CO. Mail: maheshkapasi49 @ gmail.comChartered Accountants Phone: 2686 8147
Budget 2008 Some welcome proposals under Income Tax
Budget 2008 Somewelcome proposals under Income Tax1. Last date for furnishing returns of income is proponed by onemonth: suitable amendments are made U/s 139(1) and 115WB of the Act for fillingof the Income Tax and fringe Benefit Returns of Inco
A fine balance, Mr Chidambaram
This Budget's emphasis on agriculture, education and health are in line with the objectives of the 11th five-year plan of increasing investments in social infrastructure. The first positive has been favourable macro-economic conditions-an 8.7
Budget 2008-09 in nutshell
1.Income Tax 1.1 Personal Taxes: Increase in exemption limit from Rs.1.10 Lakhs to 1.50 Lakhs for the year 2008-09. Substantial benefit to Individuals. Minimum savings is Rs 4,000 for a year . No Change in the Tax rates. No withdrawal of Cess Cha
GET BACK TO PROFESSIONAL ETHICS
GET BACK TO PROFESSIONAL ETHICSNEED TO THINK OF PROFESSIONAL ETHICSThe Council of the Institute of Chartered Accountants of India Vs. Rishi K. Gupta(Chartered Accountants case No.1 of 1992) decided on 20-07-2000 by high court of Delhi under Sec. 21(6
"The CFO's first hundred days"
A McKinsey Global SurveyChief financial officers around the world describe their first hundred days on the job as a time when most received guidance, but many had difficulty devoting enough time to their top priorities.New chief financial officers ma
Story of riches and revenue sharing
WITH two years to go for the introduction of a common goods and services tax (GST) in the country, the UPA government may not have sweeping changes in the service tax regime in the coming Budget. Ideally, the government ought to bring the tax rate on
How NBFCs make investment in foreign
Is NBFCs (Non Banking Financial Institution) make investment in foreign company....? YES, NBFCs can make investment in foreign company after getting, No objection certificate from RBI (Reserve Bank of India).Directly or through opening of branch/subs
MERGER Vs ACQUISITION
Merger: It is a combination of two or more entities.Types :i) Forward merger: The target company receives the acquirer's stock.ii) Reverse merger: The acquirer company receives the target company's stock.iii) Subsidiary merger: An acquirer incorporat
China & India: The Power of two
China and India ancient allies and modern competitors are rebuilding economic ties after five decades. Consequently the MNCs face the most challenging and rewarding business landscape ever. The friends turned foes in 1962, decided to fight poverty ra
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