Finance : The article explains the most frequent errors in project reports, including unrealistic projections and incorrect financial calcul...
Finance : Learn how EMI calculators help businesses estimate repayments accurately and avoid financial strain. The key takeaway is improved ...
Finance : Use a Gold Loan Calculator to estimate your maximum loan amount based on gold purity, weight, and RBI's LTV ratio. Check eligibili...
Finance : #AD Whether you need funds for a wedding, home renovation, vacation, or education, get it easily through the Hero FinCorp website ...
Finance : Explore the significance of an intercompany loan agreement between a holding company and its subsidiary in India. Learn how it fos...
Finance : A detailed personal loan agreement between a lender and borrowers, outlining disbursement, repayment terms, joint liability, defau...
CA, CS, CMA : To, Address City, Maharashtra, 422001. Subject : First Reminder for Late Payment Dear Sir/Maam, It has come to our attention that ...
Finance : To be printed in stamp paper of Rs.______________ (based on the respective Stamp Act applicable) LOAN AGREEMENT LOAN AGREEMENT B...
Finance : Interest on Education Loans All Scheduled Commercial Banks provide Education Loan to students. IBA has formulated and circulated t...
Finance : Students whose parental income is less than Rs. 4.5 lakhs per annum and are enrolled in recognized technical & professional course...
Corporate Law : In present facts of the case, the Revision Petition (RP) has been filed by the Petitioner against Respondents under section 21 (b)...
Corporate Law : Kiran David Vs Assistant General Manager State Bank of India (Kerala High Court) The petitioners are aggrieved by the denial of ed...
Fema / RBI : The contentions of the RBI that the dispute is between the Petitioner and Respondents is not acceptable since the dispute arises o...
Finance : In the present case, the education loan application had been declined on the ground that the CIBIL report of the petitioner's fath...
Income Tax : The provisions of Explanation to section 73 do not distinguish between the transaction of trading in shares on actual delivery or ...
Fema / RBI : In terms of paragraphs 2.1.1 and 2.1.2 of Section I of the guidelines on lending to priority sector enclosed to circular RPCD.No.R...
In view of large increase in credit to the Commercial Real Estate (CRE) sector over the last one year and the extent of restructured advances in this sector, it would be prudent to build cushion against likely non-performing assets (NPAs). Accordingly, it has now been decided to increase the provisioning requirement for advances to the CRE sector classified as ‘standard assets’ from the present level of 0.40 per cent to 1.00 per cent.
In terms of paragraphs 2.1.1 and 2.1.2 of Section I of the guidelines on lending to priority sector enclosed to circular RPCD.No.RRB. BC.20/ 03.05.33/2007- 08 dated August 22, 2007, credit to small enterprises includes loans granted to micro and small (manufacturing and service) enterprises, provided investment in plant and machinery [original cost excluding land and building and the items specified by the Ministry of Small Scale Industries vide its notification no. S.O. 1722 (E) dated October 5, 2006] does not exceed Rs. 5 crore in respect of manufacturing enterprises and investment in equipment
Closely-held group companies that frequently borrow money from each other should make a mental note of a recent ruling by the income tax appellate tribunal (ITAT), a quasi-judicial tax authority. The tribunal has said that “deemed dividend cannot be taxed in the hands of non-shareholders. ” In order to avoid paying dividend distribution tax (DDT) of 17.5%, profit-making, closely-held (unlisted) companies
Frequently Asked Questions on AS 11 notification – Companies (Accounting Standards) Amendment Rules, 2009 (G.S.R. 225 (E) dt. 31.3.09) issued by Ministry of Corporate Affairs. ASB Guidance in the form of FAQs on AS 11 notification – Companies (Accounting Standards) Amendment Rules, 2009 (G.S.R. 225 (E) dt. 31.3.09) issued by Ministry of Corporate Affairs does […]
8.3 It cannot be disputed and it is not the case of either side that the reasons extracted hereinabove did not precede the issuance of notice under Section 148(1) of the Act. The requirement for recordal of reasons by the Assessing Officer before issuing a notice is provided for under sub-section (2) of Section 148 of the Act. 8.4 A perusal of the reasons would thus show that the Assessing Officer was
We have considered the, rival submissions, perused the material on record. In the instant case, rehabilitation scheme was sanctioned by the BIFR on 05.07.2001, A copy of the summary record of the proceedings of the hearing held on 5.7.2001 before BIFR- have been placed in the Paper Book. It has been held in the aforesaid proceedings para 22 as under:
