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Financial WMDs or safety airbags?

With the right tools and risk management, derivatives can well be the airbag that absorbs the impact of a crash, rather than weapons of mass destruction that devastate.

The way to rein in inflation

If certain policy measures are initiated from a long-term perspective, inflation can be tamed to more manageable levels.

Ease system of tax payments: Barnala

The Income-Tax Department needs to ensure that it collects taxes in time and does not leave arrears at the end of the year, urged Mr Surjit Singh ...

Observations that put govt on the mat

Since quite some time, arguments between the government of India and the Supreme Court (SC) regarding the disclosure of documents and names of ...

Renewed GST concerns

Before penning the Goods and Services Tax Rules, the Empowered Committee would do well to take a hard look at all the present laws that GST subsumes and their complexities.

Primacy of constitutional rights vs judicial overreach

No government or treaty can bind India in a manner that derogates from Constitutional provisions, values and imperatives.

I-T raids on Malayalam superstars

Income Tax officials today carried out simultaneous raids on the residences and offices of Malayalam superstars Mammootty and Mohanlal in Kerala, ...

Fair value hierarchy, with inputs prioritised

The management must use valuation techniques that are appropriate to the circumstances and for which sufficient data are available.

When crumbled governance made news

Each industry is exposed to specific business instances when corporate governance norms could be given the go-by.

Adopt a flexible approach, new GST panel chief tells Centre

Flags six major concerns of States

60 Seconds Chief

>Click here to download Sixty Seconds Chief (PDF)

Sushil Kumar Modi elected GST panel head

The Bihar Deputy Chief Minister and Finance Minister Mr Sushil Kumar Modi was today elected the new chairman of the Empowered Committee of State ...

Income-tax liability

I am a senior citizen. My sources of income are my annual pension of Rs 2,70,730 ( tax deducted at source amounts to Rs 3,170), agriculture income ...

For inclusive banking

The goal of financial inclusion through new entrants would be better served if the RBI were to facilitate the entry of ‘brownfield' NBFCs into banking.

Arresting insurance frauds

A zero tolerance to fraud coupled with a robust database, effective procedures and processes and a disciplinary action framework may reduce fraud risk.

Non-filers and e-filers

Filing I-T returns is worth the effort as it records compliance with the tax laws.

‘Anti-avoidance rules too harsh'

We have to do some thinking whereby the international community does not shy away from investing here.

Centre's indirect tax kitty swells 30% in Q1

Overall target for the fiscal will be met: CBEC Chairman

Sugam and its pinpricks

A carrot and stick approach is needed to enlarge the taxpayer base.

For cost efficiency in telcos

Telecom companies must have a growth strategy that is a judicious mix of new product development and cost reduction. JAYESH EASWARAMONY, VICE-PRESIDENT, FROST & SULLIVAN

Pricing myths

In a chapter on how you can create a culture of profit, Rafi Mohammed lists the many myths that come in the way. Such as, that setting prices ...

VAT seen have boosted indirect tax revenue

The State Minister for Excise and Ports, Mr K. Babu, has said the indirect tax revenue has increased substantially after the introduction of VAT and ...

Thin edge of the wedge

I fail to understand why National Stock Exchange has been punished so severely by waiving off charges for currency futures trading. Dharam Pal ...

Redesigning audit reports

There is no oversight body or effective regulation in India to inspect the public accounting firm's audits of brokers and dealers to provide investor protection.

Tips for family business

Family business owners must understand that a tight ‘control and command' model must give way to an empowered, result-based leadership model.

A panel constituted by the CBDT has recommended setting up a dedicated cell to monitor those earning over Rs 1 crore/annum or spending more than Rs 10 crore a year, or having assets in excess of Rs 100 crore.

Interest-free deposit in lieu of rent

The huge amount received as security deposit by the landlord from the tenant gives the impression that actual rent received is suppressed.

‘Body shopping' notices flawed

The legislative intent on tax benefits in regard to onshore development work had always been to treat the receipts as part of export turnover.

Capital gains taxation will be near ideal under DTC

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.

TN commercial tax collection up 20% in Q1

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 ...

Coping with a new language

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.

UK Bribery Act: Threat or Opportunity?

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.

Add value, get value

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 ...

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