Education

With rationalisation of Capital Gains taxation, it is widely felt that India has moved into a comfort zone with near-ideal tax rates and hence there is no need to rock the boat too much.

Tamil Nadu’s income from commercial taxes has grown 20 per cent in the first quarter of 2011-12 compared with that of the corresponding quarter last ...

One of the reasons companies could protest against a validation by auditors is additional cost. Companies have to invest on XBRL-compliant software, consulting and training.

The UK Bribery Act applies to both public and private sectors, covers bribery within the UK as well as overseas, and applies equally to listed and unlisted commercial establishments.

Customers are not numbers to small businesses; they are people and that is your innate advantage over the big boys, says Jeffrey W. Hayzlett in The ...

What is wrong in the promoter of a tyre company and the promoter of a car company being directors in both? Prema Vasudevan, Chennai This fosters ...

The Ministry of Corporate Affairs (MCA) decided on June 7, 2011 that all listed companies, including their Indian subsidiaries but excluding the ...

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.