The month of February is always a speculation filled month in India as at the end of the month India receives a Budget for the coming fiscal year. Bearing in mind the proposed overhaul in the tax arena in India, Budget 2011-12 will surely play a cruc
Consequent upon the introduction of International Financial Reporting Standards (IFRS) from April 1, 2013 for the banking industry as scheduled, the opening balance of reserves of banks will be reduced to the extent of the unamortised carry forward expenditure.
