Popular Articles

Panic due to PAN! If used as an identity proof

CA Umesh Sharma 13 April 2015 at 11:03

Karneeti Part 84PANIC due to PAN! If used as an Identity ProofArjuna (Fictional Character): Krishna, Nowadays PAN card is generally used for many things. Finance Minister Mr. Arun Jaitly is insisting the usage of PAN in many financial transactions,

An introduction to FEMA 1999

CS Usha 11 October 2011 at 11:08

The Foreign Exchange Management Act 1999(FEMA) was an act passed in the winter session of Parliament in 1999

Tax Benefit on Housing Loan

C.S.SAVEESH.K.V. 05 March 2014 at 13:21

(Sec. 24, 80C and 80 EE of Income Tax Act) Repayment of Housing are divided into 2 components1. Repayment of the Principal portion2. Repayment of the InterestSection 80C: Tax benefit on Housing Loan (Principal Amount) The amount paid as Repayment of

Independent Directors Provisions under Companies Act 2013

Rahul Chilal 11 April 2014 at 11:16

Companies Act 2013 has made new provisions regarding Independent Directors. There was No specific mention of Independent Directors in Companies Act 1956. Their role & responsibility was not very clear defined. The Mention of Independent Directors

Companies to have uniform Financial Year under Co Act

Ankur Garg 15 January 2014 at 10:59

Dear professional Colleagues, The Companies Act 2013, which has partially replaced Companies Act, 1956, by introducing certain new provisions related to corporate law. The Companies Act 2013 partially made effective w.e.f. September 12, 2013, and int

Key Features of Budget 2014-2015

Guest 17 February 2014 at 16:36

THE CURRENT ECONOMIC SITUATION AND THE CHALLENGES The state of world economy has been the most decisive factor affecting the fortunes of every developing country. The world economy has been witnessing a sliding trend in growth, from 3.9

Solution to restricted use of email ID for 4 times only on IT E-filing Website

CA Tejas Andharia 27 June 2014 at 13:06

Recently, on www.incometaxindiaefiling.gov.in , assessee is compulsorily required to get its email ID and password registered. Further, maximum permissible usage of each of them is 4 times only. We know that most of the assessees in India do not ha

Job work in GST

CA Pradeep Sharma 14 July 2017 at 11:18

All about Job work

Is collateral security necessary for bank loans?

Guest 24 June 2011 at 12:36

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

Banking Regulation Act,1949 - a quick summary

CA Chiranjiv Kumar 04 November 2013 at 11:41

I want to know about collateral held by the banks. What if a borrower fails to repay loan and his collateral seized? Disposal of asset within 7 years or (12 years if extended by RBI) by the bank. What if banking company want to use that asset for bu