The deterioration in the overall asset quality of banks — gross non-performing assets (NPAs) are reportedly 27% higher at the end of December 2009 than at the end of December 2008 — is not surprising. Any slowdown in growth is bound to tr ..
In order to make exports of services from India internationally competitive, the Government of India has zero rated such exports. Consequently, the services exporting community is entitled to obtain refunds of input tax credits or utilise such credit ..
The Central Board of Direct Taxes (CBDT) is in a fix over the application of one safe harbour rate to all sectors. A committee, formed last month to frame safe harbour rules as announced in the 2009-10 Budget to minimise transfer pricing disputes, ha ..
To prevent misuse of class action suits, the new Companies Act may specify a minimum number of shareholders or creditors of companies for exercising the right to file such cases, the Corporate Affairs Minister, Mr Salman Khurshid, has said. This is a ..
In our daily routine we blindly follow other people's directions instead of relying on our own intelligence because it is easy to place responsibility on others. Once, a sergeant in his training session asked the recruits why walnut wood was used for ..
[PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART – II, SECTION 3, SUB-SECTION (i)]GOVERNMENT OF INDIA, MINISTRY OF CORPORATE AFFAIRSNotificationNew Delhi, 11th day of January , 2010.G.S.R. 24 (E). – In exercise of the powers conferr ..
China has been the first nation to come out of the dark clouds of recession. In my past articles I have tried to depict a picture of the Chinese economy as well as draw correlation with our Indian economic growth. We have seen Chinese economic growth ..
*-The Controversy of Section 3(D) of The Indian Patent Act-*Under the Indian Patent Law there are certain inventions which are deemed specifically not patentable. These are defined in Section 3 sub section d of the Indian Patent Act. In this article ..
With all the financial woes in the global economy, the worst thing an investor can do is to “freeze up.” With all the ups and downs in the market, it’s all too easy for investors to allow their emotions to take control. That’s ..
IntroductionWriting off the Inputs and Capital Goods for the stock account purpose in the books of accounts and reversal of CENVAT Credit has always been a matter of dispute between the assessees and the departmental authorities. This issue was clari ..
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