Non-Convertible Debt Securities & Non-Convertible Redeemable Preference Shares
Securities and Exchange Board of India (‘SEBI’) in terms of power conferred under SEBI Act, 1992 notified Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)...
View ArticleEligibility of Cenvat credit on Catering services
The definition of “input service” under Cenvat Credit Rules, 2004 has been amended drastically w.e.f. April 2011 and because of such amendments, majority of interpretations and settled positions have...
View ArticleDiscussion on Value Added Tax, Karnataka
Introduction The White Paper is a policy document indicating basic policies of State Sales Tax VAT. Haryana was the only State to introduce VAT w.e.f. 1-4-2003. About 21 States have introduced VAT...
View ArticleThe Fed’s rate hike and Resilient Indian Economy
And the rates are hiked…..as expected and the way most predicted- nominal, indicating further hikes at a gradual pace. The US Federal Reserve for the first time in almost a decade increased the...
View ArticleNotable Changes in Form 15CA and 15CB
The CBDT has amended Rule 37 BB of the Income-tax Rules and made notable changes which are as under: i. No Form 15CA and 15CB will be required to be furnished by an individual for remittance which do...
View ArticleDo you actually need a Financial Planner or do you believe in “doing it...
Understanding the ‘Do It Yourself’ technique No matter whether you are working out, dieting, curing any of your simple health issues, constructing your house, or considering money management – all...
View ArticleGST Payment – Online or Manual?
One more Report of Joint Committee dated April 2015 was issued to give clarity on the issues relating Goods and Service Tax Payment. It is said that more the system and procedures are made electronic...
View ArticleDepreciation allowance under section 32 of the Income Tax Act, 1961
Depreciation is an allowance on capital assets acquired and put to use and not an expenditure unlike repairs to machinery, plant or furniture. It need not be incurred by the assessee during the...
View ArticleTaxes on Petroleum Products: A convenient cash cow
Petroleum under GST regime: The Constitutional Amendment Bill on Goods & Services Tax (GST), recently cleared by the Cabinet provides that petroleum & petroleum products viz. petroleum crude,...
View ArticleSEBI (LODR) Regulations, 2015
SEBI vide its Notification No. SEBI/LAD-NRO/GN/2015-16/013 dated 2nd September, 2015 had notified SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS,...
View ArticleBreaking down S&P BSE Dollex
A few days back while looking at the Index movements on BSE, I came across an index with the name ‘S&P BSE Dollex’, though many of you might be already aware of this index but it was new to me, the...
View ArticleWhat every investor needs to know about Stock Market, Currency market and...
Few best kept secrets, you may not know about Stock Market, Currency market and Commodity Market What is the most profitable place to invest? Stock Market or currency market or commodity market…?...
View ArticleService Tax on Hotel Industry
Charges and taxes levied on the foods served in the Restaurant: Service Charges: This is the charges levied by the restaurant as the payment for the services rendered like serving the foods etc. This...
View ArticleBoard Committees
Committees have an important role to play in company governance. A Board can set up committees with particular terms of reference when it needs assistance or when any issue requires more attention....
View ArticleLearn Section 139(1) with Santa Clause
CA Student: Hi Santa, how are things? Got a minute? I’ve got my list here and I’d like to go over it with you if you don’t mind… Santa Clause: Well, I am busy. And besides, have you been good this...
View ArticleGST- A Revolution in Indirect Tax Law
Good and Services Tax is the most logical steps towards the comprehensive indirect tax reform in India since independence. Goods and Services Tax is to be implemented shortly by the Government of...
View ArticleMethod of Accounting of VAT
Value Added Tax – Method of Accounting ‘Men may come and men may go, but I go on forever’ says this Value added tax system amidst the chaos of Goods and Services Tax. This system of VAT was introduced...
View ArticleHow to choose the right term insurance for you?
Over the last few years, term insurance has been gaining huge amount of popularity. With the insurance companies dropping the premium rates, they have also begun with enormous advertising of these...
View ArticleDividends under Income Tax Act
Dividend in simple words, refers to the amount paid to shareholder in proportion to the shareholding in the company, out of the total sum so distributed. Let’s look at the meaning of dividend as per...
View ArticlePower Dressing for Him: Dos and Dont’s
While it is safe to say that most men are far away from being fashion conscious, much like how far off the Sahara Desert is from the North Pole, it is a sad but true scenario even in today’s much...
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