Articles

RBI mulls new ECB rules for escrow account mechanism

THE banking regulator has questioned deals that foreign investors often strike with Indian companies to protect their money. Foreign strategic investors regularly enter into an arrangement where local firms and promoters keep aside some assets that c...

Read More
Posted Under: Fema / RBI | ,

Chambers pitch for corporates into the banking ring

Industry chambers today strongly pitched for corporates entering the banking space, with all of them stating that a lower capital requirement would be detrimental in the long-run and that deep-pocket industrial houses with good track record be given ...

Read More
Posted Under: Fema / RBI | ,

China – True Friend of United States (US)

Is yen the villain or the China .Don't get surprised with the question. This question is now the most debatable topic on the roads of Wall Street as well as in the Café Coffee Day mid lunch session of brokers. World economist have raised the question and debated over thousands cups of coffee to find the real valuation of the Yen. ...

Read More
Posted Under: Fema / RBI |

Save Tax – Invest in Long Term Infrastructure Bonds (Section 80CCF)

In the Union Budget 2010, Finance Minister, Pranab Mukherjee proposed a new section 80CCF under the Income Tax Act of 1961. From financial year 2010-11, section 80CCF would provide an additional tax deduction, over and above the existing 80C deductio...

Read More
Posted Under: Fema / RBI |

Save tax up to Rs. 6000- Invest in Long Term Infrastructure Bond

Infrastructure Development Finance Company (IDFC), an integrated infrastructure finance company, has launched infrastructure bonds, giving a tax deduction of up to Rs 20,000 under Section 80CCF. The tax deduction will be above Rs 1,00,000 under Secti...

Read More
Posted Under: Fema / RBI |

Dow Jones Climbed 11000 Mark

Congratulations to the speculators of the Wall Street. They made the US stock market to climb 11000 mark, filled the pockets of the Wall Street through the stimulus packages and the CEO of the companies made their bad assets recovered from the tax sa...

Read More
Posted Under: Fema / RBI |

RBI may relax conditions related to grant of Banking License to groups having exposure to Reality sector

The Reserve Bank of India (RBI) may have to go easy on its suggestion of not granting new banking licences to those groups which have exposure to the real estate sector. The central bank had in a discussion paper indicated that the groups with real e...

Read More
Posted Under: Fema / RBI | ,

Summary of Discussion paper on FDI in LLP

(08/10/2010)

This article summarizes the Discussion Paper (DP) released on 28 September 2010 on 'Foreign Direct Investment in Limited Liability Partnerships' issued by the Department of Industrial Policy & Promotion (DIPP) of the Government of India (Gol). Even t...

Read More
Posted Under: Fema / RBI |

RBI forms group to review operation of monetary policy

The Reserve Bank has constituted a working group to review the current operating procedure of monetary policy, as transmission of the policy to the rest of the system remains imperfect. The group, to be headed by RBI executive director Deepak Mohanty...

Read More
Posted Under: Fema / RBI | ,

Do and don’ts in respect of TDS payment, TCS Payment, Advance tax payment and TDS/ TCS return filing

Use challan type 281 for deposit of TDS/TCS. Quote the correct 10-digit Tax Deduction Account Number (TAN), and name & address of the deductor on each challan used for depositing tax. You may verify your TAN details from Income Tax Department web-site (www.incometaxindia.gov.in) prior to depositing TDS/TCS....

Read More
Posted Under: Fema / RBI |

Browse All Categories

CA, CS, CMA (3,480)
Company Law (3,398)
Custom Duty (6,603)
DGFT (3,446)
Excise Duty (4,043)
Fema / RBI (3,249)
Finance (3,453)
Income Tax (25,013)
SEBI (2,733)
Service Tax (3,280)