- Saturday, December 19, 2009, 4:16
- Income Tax
- 73 views
It's not often that the taxman comes to sting you five-and-a-half months after the budget speech. But finance minister Pranab Mukherjee's decision to abolish the fringe benefits tax (FBT) last July is only now being clarified by the taxman, and the net result is that you will pay more tax.Not everybody, though. The abolition of FBT affects those taxpayers whose salaries have a heavier weighting of perquisites like official accommodation, servants, car allowance, company ..
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- Friday, October 30, 2009, 2:40
- Finance
- 43 views
WorldCom was one of the big success stories of the 1990s. It was a symbol aggressive capitalism. Founded by Bernie Ebbers, one of the most aggressive acquirer during the US mergers and acquisitions boom of the 1990s. WorldCom's asset value had soared to $180bn before the US capital market started witnessing a downtrend.
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- Tuesday, September 29, 2009, 13:37
- CA CS ICWA
- 9 views
A HIGH-POWERED panel of the Institute of Chartered Accountants of India (ICAI) — the nodal body in India for auditors — has prima facie found two former auditors of Satyam Computer and members of the software company’s internal audit cell guilty of professional misconduct and failure in carrying out their duties.
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- Monday, September 21, 2009, 1:39
- CA CS ICWA, Company Law
- 227 views
1. Key Managerial Personnel (Clause 178) (a) Definition As per clause 178, every company belonging to such class or description of companies as may be prescribed shall have Whole-Time Key Managerial Personnel (KMP).
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- Tuesday, September 8, 2009, 2:38
- CA CS ICWA, Company Law
- 32 views
1. Key Managerial Personnel (Clause 178) (a) Definition As per clause 178, every company belonging to such class or description of companies as may be prescribed shall have Whole-Time Key Managerial Personnel (KMP).
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- Thursday, February 19, 2009, 10:48
- CA CS ICWA
- 0 views
Reports have come in that Raju had 20 idlis for breakfast, five plates of rice and a bucket of rasam for lunch and 25 chapatis with two chickens for dinner. But the jail superintendent says these numbers are inflated. “You see, the habit is so deeply ingrained in Raju that he automatically inflates all figures,” he added. Incidentally, his cellmate [...]
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- Sunday, January 25, 2009, 4:29
- Service Tax
- 3 views
“We have issued showcause notice as the company has not paid service tax on the underwriting commission paid by Infosys towards American Depository Receipt (ADR) for the years 2003, 2005 and 2006,” said a senior tax official from service tax department. The service tax commissionerate in Bangalore issued showcause notice to the company on October [...]
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