Education

In case of a company with multiple STP units (i.e. units located in Software Technology Park) which are eligible for deduction under Section 10A, ...

In keeping with the NLP, the Finance Ministry should consider restructuring the Appeal provisions in the income-tax law, making the monetary limits for filing appeals a part of the statute.

The government is not on solid ground in refusing to share any information on those holding black money stashed abroad.

Arriving at the appropriate arms length price is a complex task and broad guidelines as to the entities the tax officers can choose as comparatives would be of much help.

Perched prominently on the pantheon of American philanthropists, Mr Warren Buffet never ceases to amaze. To be sure, he shot into prominence as a ...

ONGC has dislodged State Bank of India (SBI) to emerge as the largest advance taxpayer for 2010-11 with a payout of Rs 8,492 crore (Rs 6,283 crore).

When customers are not going back to the old ways of banking, the only option you have as a bank is to move forward with them; else they will pass ...

The Government's move for having at least one woman member on the board of a public limited company with not less than 5 directors is more than symbolic.

Lottery operators in Punjab today demanded a rollback of tax hike on lottery draws of other States. They said the hefty increase in taxes on lottery ...

India has signed a tax information exchange agreement (TIEA) with Cayman Islands. This is the fifth TIEA entered into by India in recent times. The ...

To shut out the States and vest the Centre with the sole power to tax inter-State transactions would be dilutive of the whole exercise.

Infrastructure development, bringing down land costs and rationalisation of taxes are essential to ensure housing for the common man, according to Mr ...

The Finance Ministry has decided to take a relook at the recent move to collect service tax on an accrual basis. Indications are that the Finance ...

What is redemption premium in the context of FCCB? Riddhi Bhatt, e-mail It is the extra amount payable by a company issuing foreign currency ...

Collections were a problem. Customers took simply too long to pay. The CFO , “Against a commitment to pay after 30 days, they were taking as long ...

An internal audit group can add significant value to an organisation by reviewing the risk management processes and ensuring that the right controls are put in place.

Within weeks, pre-budget pleas have turned to post-budget protests. The healthcare sector is up in arms with the Government over the levy of service ...

Small service providers must be given the option to pay service tax on receipt basis as in the UK.

Seizure of cash in transit due to the implementation of the election code has become a daily routine. After the election code came into force, so far ...

Tax collections in the country have seen a growth of 26 per cent over 2009-10 and the trend is likely to be maintained during this fiscal, Mr Sunil ...

With the financial year coming to a close, the income-tax department has begun a drive across Andhra Pradesh to clear refunds. “We have cleared about ...

The new Schedule VI appears to apply only to entities that need to follow the Converged Indian Accounting Standards, which means the Companies Act would have two Schedule VIs.

An interesting case study about business ethics in Management for Social Enterprise ( www.sagepublications.com) is that of Divine Chocolate Ltd. Its ...

The Government today said over Rs 1.60 lakh crore has been locked up in disputes between the Income- Tax Department and taxpayers as on January 2011.