Popular Articles

Deemed Dividend -Maybe ,Maybe Not!

Posted by Ravikumar.G 24 September 2007 4723 Views

If a pvt. company provides security to a bank, on the basis of which the bank gives loan to a director who is also a majority shareholder, would the loan amount be considered as deemed dividend ? No, the amount of loan shall not be considered as deem

FBT applicability of Trusts

Posted by Ravikumar.G 24 September 2007 4827 Views

Section 115W(a)(iii) of the I T Act specifically exempts funds ,trusts or institution eligible for exemption u/s 10(23C) or registered u/s 12AA of the I T Act . The Board vide circular no 8/ 2005 clarified under question number 4 as follows :Whether

Risk & Compliance

Posted by CA Nikita 23 September 2007 6511 Views

Risk & ComplianceSushil Kumar Nahar of Wipro Technologies spoke about risk and compliance.Sushil Kumar Nahar Compliance is for a long time a worldwide requirement. There are multiple frameworks, standards, regulations and overlapping compliance r

Dividend Stripping!!

Posted by CA Nikita 22 September 2007 9076 Views

What does dividend stripping mean? It refers to a practice of buying shares of a company or units of a mutual fund just before the record date for declaring a dividend, receiving the dividend and then selling the security/unit after the record date.N

Sec-263 a thorough study!!

Posted by CA Nikita 22 September 2007 24091 Views

When cannot section 263 be evoked? Section 263 cannot be evoked in the following cases:- An assessment order can not be re-opened if there is no jurisdictional error in the order. The order of the AO can not also be revised if it has

Tribunal's power to grant stay of demand

Posted by CMA Gul S 23 September 2007 5675 Views

Section 254 of the Income-Tax Act, 1961 relates to appeals before the Income Tax Appellate Tribunal (ITAT) by assessees and the tax department. It also deals with the law relating to grant of stay of demand on assessees' petitions. This section was

Indian Chartered Accountants are emerging as a global force now

Posted by Ravikumar.G 21 September 2007 12383 Views

Technology up gradations opened up a new avenue for chartered accountants in India too. Many companies in USA and UK are looking for hiring professional services from an Indian corporation, as it is proven that Indian can adapt to any system easily a

What's short-selling of shares

Posted by CMA Gul S 21 September 2007 6346 Views

What is short-selling? Short-selling, in the context of the stock market, is the practice where an investor sells shares that he does not own at the time of selling them. He sells them in the hope that the price of those shares will decline, and he w

Watching of watch dogs Movements.

Posted by Prakash Popat 26 April 2021 4709 Views

POINT ARISES FOR DELIBARATIONS .1.SEBI circulars approved in parliament/by ICAI.2.Similar Treatment Indian Financial Institute Getting in the counterparts country? 3.is this not siply move to dragged hard earned money out of country?SEBI permits acc

Knowledge Process Outsourcing

Posted by Ravikumar.G 21 September 2007 7153 Views

THIS ARTICLE HAS BEEN PUBLISHED IN THE 'INFORMATION TECHNOLOGY' SPECIAL ISSUE (JUNE 2006) of 'Sanhita' - a monthly magazine for corporate professionals published by the Pune Chapter of WIRC of The Institute of Company Secretaries of India. A CII Repo