People, in common parlance, may perceive the word Investment differently. To some it may mean having Insurance policies, to some it may mean investing in Equity and Mutual Funds, to some it may mean having fixed income instruments etc. in their portfolio. However, the word Investment is very broad in its meaning and implication. Taking […]
Three days ago, the big giants like Flipkart, Amazon received a serious threat from the Maharashtra Government itself. Some leaders of Swadeshi Jagran Manch (SJM) which is an economic policy front of RSS had met the Finance minister Arun Jaitley and sought a ban on ecommerce portals as they are killing the domestic business.
CA Parth B. Talsania What is the best investment choice for the ordinary investor? There is palpable disappointment when the answer is: there is no such choice. Everything is risky from taking the road to choosing a partner. Risk, return and diversification are fundamental ideas that each investor has to learn, without protesting about entitlements. […]
The present scheme governing the issue of Depository Receipts (DRs) was designed in 1993 through RBI’s Foreign Currency Convertible Bonds and Ordinary Shares (Through Depositary Receipt Mechanism) Scheme, 1993. This was a time when India’s capital market was substantially closed to foreign market. In addition, the domestic financial system was fairly weak at the time. […]
To harmonize the accounting norms with global Standards, the Finance Minister, Mr. Arun Jaitley, had announced in the Last Budget session for the implementation of Indian Accounting Standards (Ind AS) which are converged with the International Financial Reporting Standards (IFRS). On Jan 2, 2015 MCA came up with a Road Map for the implementation of […]
Step by Step procedure to Formation / Registration / Incorporation of Private and Public Company in India.Incorporation / Formation of company involve a number of steps. We have tried to simplify the procedure to the maximum extent possible.
This paper is designed for the age group of 25-30 (Men) as this is the most exposed age group to accumulate one’s finance or totally wipe out even inherited wealth. Before going further we shall take a little break here and shall understand; what is Finance, financial management and personal finance?
CA Kunal Singhal Introduction Although a very familiar term in everyday life, fixed deposits or “FD” as we call it, is one of the very crucial investments which almost every individual happen to make or open with their bankers. Definition Fixed deposits are high interest yielding term deposits offered by bank in India. It is […]
On the issue whether the respondent-assessee could have earned dividend income and even if no dividend income was earned, yet Section 14A can be invoked and disallowance of expenditure can be made, there are three decisions of the different High Courts directly on the issue and against the appellant-Revenue.
Learned counsel for the assessee has invited our attention to Hon’ble Delhi High Court’s decision in the case of CIT Vs Holcim India Pvt Ltd [ 2014 TIOL 1586 HC DEL IT] wherein it is held that unless there is an exempt income, disallowance under section 14A cannot be invoked.
