Education

The new US law provides for 30 per cent withholding tax on payments made to foreign entities. It provides for information reporting of US accounts held in foreign institutions by all FFIs.

A matter of great anxiety in the on-going discussion concerning black money in India is the Indo-Mauritius tax treaty. The Finance Secretary, Mr ...

The human heart should figure as an asset in the balance-sheet with a cost of acquisition, for expenses on it to be eligible for deduction.

This ruling is not in line with the decisions pronounced in the cases of HCL Infosystems, IDS Software and Cholamandalam MS General Insurance.

An income-tax acknowledged return is one of the basic documents needed for a loan of any sort.

Scarce resources of the urban local bodies (ULBs) are, to an unfortunately large extent, frittered away by corruption, rues Paromita Shastri in ‘ How ...

In the scenario where Companies Bill 2009 is waiting to become an Act and IND AS are in the queue to be approved, coming out with revised Schedule VI has little or no relevance.

IFRS 10 does not change consolidation procedures. Rather, it decides whether an entity is consolidated by revising the definition of control.

The SBI saga shows that the RBI would certainly announce standards where alternative treatments from Ind-AS/IFRS would be permitted.

The futures market increases the efficiency of price discovery in the spot market. If options are also introduced, this will provide another market where prices are related to spot and futures prices and hence manipulation becomes even more difficult.S. JANAKIRAMANAN SIM UNIVERSITY, SINGAPORE

An Open Innovation Strategy will make existing R&D budgets work smarter by bringing together multiple institutions, people and resources.

What are the advantages of investing in a bond vis-à-vis placing a deposit? Mehak Chadha, Ludhiana Bonds are generally tradable and provide a ...

The Indus Entrepreneurs (TiE) Hubli chapter will hold talk by Mr B. L. Meena, Commissioner of Income Tax on ‘The New Direct Tax code' at 6 p.m. on ...

Indian chartered accountants should set up offices abroad and compete in the global markets, according to Mr G. Ramaswamy, President of the Institute ...

If the DTAA is amended on the lines of the treaties with other jurisdictions, Mauritius-based FIIs would have to start planning for taxes on capital gains.

The common view is that gifts received in individual capacities – not as trustees of public trusts – should be liable to tax.

The compartmentalisation of fiscal laws into direct and indirect taxes suffers from the ills of a fragmented approach to policy-making.

Daniel Bladh opens his essay titled ‘Global solidarity for climate change mitigation: Role of the European Union' with ‘a tragic irony' that the ones ...

Mr Ramdas S. and Mr Santhosh Kumar V. have been elected as Chairman and Secretary, respectively, of the ICWAI Kochi Chapter. The other-officer bearers ...

Tamil Nadu's commercial tax revenue has jumped nearly 20 per cent in the first two months of the current financial year. According to an official ...

Chapter 13 in ‘ The Corner Office: How top CEOs made it and how you can too' by Adam Bryant ( www.harpercollins.co.in) begins by asking what the ...

The premier body of cost and management accounting in India has issued two guidelines for managing corporate environment strategies and on tools and techniques for environment accounting.

The PCAOB has made available glimpses of inspection reports on four Indian audit firms.

Taking a step forward against black money, the Finance Ministry has asked the Income Tax Department to launch immediate prosecution action in tax ...