Popular Articles

How Performance Budgeting Can Help

Posted by CA Nikita 02 October 2007 4822 Views

21st Century Challenges: How Performance Budgeting CanHelpGAO-07-1194T September 20, 2007 As part of its work to improve the management andperformance of the federal government, GAO monitors\nprogress and continuing challenges in using\u003cbr\>\nper

How stocks market work??

Posted by CA Nikita 02 October 2007 7766 Views

It was autumn, and the Red Indians on the remote reservation askedtheir New Chief if the winter was going to be cold or mild. Since hewas a Red Indian chief in a modern society, he couldn't tell what theweather was going to be. Nevertheless, to be on

Cyprus: An Alternative Structuring route

Posted by Abhiroop 02 October 2007 5216 Views

Cyprus: An Alternative Structuring route Cyprus is emerging as one of the alternative jurisdictions for structuring of Investments and is fast emerging as one of the most favoured jurisdictions. The advantages that Cyprus offers are many to make

At Arm's Length - A Perspective of the Transfer Pricing Regulations in India

Posted by Abhiroop 02 October 2007 6278 Views

At Arm's Length - A Perspective of the Transfer Pricing Regulations in India The rapid globalization of the Indian economy has seen the entry of the multinationals into India and with it increasingly complex international transactions being entered

Sweeping away GAAP

Posted by CA Nikita 02 October 2007 4989 Views

Sweeping Away GAAPFASB's Herz calls for a national plan to wean U.S. companies from their current rules-based accounting system.Marie Leone, CFO.comOctober 01, 2007At an industry conference Friday morning, Financial Accounting Standards Board chairma

Depreciation on leasing

Posted by Ankit Dangayach 01 October 2007 7741 Views

Depreciation on leasing? An ageing puzzleUnder the Income Tax law, two most important conditions for tax depreciation claim pertain to ownership and usage of the asset. As is the case on any other contentious matter, history is replete with judicial

Revenue tries to pierce the corporate veil

Posted by Ankit Dangayach 01 October 2007 6547 Views

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

Income Tax - Modern History of Income Tax

Posted by Ravikumar.G 01 October 2007 21140 Views

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

Seven Meeting Etiquette Rules Not To Forget

Posted by Ravikumar.G 01 October 2007 16229 Views

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

Some Facts for Tax Provisions

Posted by CMA Gul S 01 October 2007 7021 Views

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