UPDATES FROM TAX GURU 19.09.2009

UPDATES FROM TAX GURU



Knowledge Process Outsourcing: An Overview


KPO Potential: A CII Report estimates the potential size of KPO Industry at $17 billion by 2010, creation of 2,50,000 jobs in 5 years. Analysts estimate that about 30,000-50,000 people are currently employed in this industry. Difference between KPO...

Leveraged Buyout (LBO): An overview


Leveraged Buyout (LBO) has been in the news recently which said that,  Corus –    an Anglo-Dutch company would be taken over by TATA – an Indian company. Being a relatively new business concept for us, this Article aims to highlight what 'LBO' is...

Email Etiquettes: Email Rules which we should follow


Here are some Email Rules which we should follow in our day-to-day email communications; office or personal. We call them 'Email Etiquettes'. 1. Indent: Keep your mail in Left Indent format. This is the American style and currently...

Disclaimers and Fine Prints in the Era of CRM


Consumers/Customers/Investors like you and I must have surely come across something called 'Fine Prints and Disclaimers' – which can be found in each and every agreement, contract, sale and purchase transactions, etc. In a...

Understanding 'Dollar – Rupee Relation' amidst current financial crises


About 'Exchange Rate' of a currency: The exchange rate of the currency of a country in relation to the currency of another country depends on the comparative trade advantages and economic strengths of the countries. If one US dollar is equal to 45...

Meaning, reason and legal provisions related to Hostile Takeover


What is meant by Hostile Takeover? Hostile Takeover is a type of acquisition in which, the company being purchased (Target Company) does not want to be purchased at all, or does not want to be purchased by a particular buyer (Acquirer) that is...

Brief Study of The Right To Information Act, 2005


Introduction: This legislation may be termed as one of the rarest legislations in the Indian Legal History which provides for setting out the practical regime of 'Right to Information' for Citizens to secure access to information under the control...

New centrailsed system for processing excise and service tax returns by the end of this year


The new centralised system for processing excise and service tax which would the save tax payer's time and money would be rolled out across the country by the end of this year, CBEC Additional Director General of Systems D P Dash said here.  The new...

CVC disclosed names of 123 corrupt government officials


IN A first, the Central Vigilance Commission has disclosed the names of 123 government officials, which includes three IPS officers, against whom it has suggested sanction for prosecution or imposition of penalty for alleged corruption. Complying...

Stricter Permission process for pursuing a course alongwith articleship


Permission for pursuing a course along articleship [Regulations 65 & 78, Form 112] – (18-09-2009) Attention of the students /articled assistants is drawn to Regulation 65 of the Chartered Accountants Regulations, 1988, reproduced below:...

Share brokers are eligible to claim bad debts as expense


CASE LAW DETAILS Decided by: Delhi High Court, In The case of: Commissioner Of Income Tax Vs. Db (India) Securities Ltd., Appeal No.: ITA No. 415/2007, Order Dated: 02.07.2009. SUMMARY OF CASE LAW The assessee, a broker, purchased shares of the...

Career Opportunities in Mutual Fund Industry


Indian retail investors are considered to be risk averse due to many reasons. Mutual Funds can therefore be regarded as a boon for such investors. Mutual Fund industry is playing an active role in the capital market today and is one of the fastest...

Career & Job–Are these two different?


As the title of this article suggests, are these two – Career & Job – different? This article tries to analyze the concept of and the need to understand 'Career' and 'Job'. I have observed that many people still...

Carbon Credit: A Market Based Instruments (MBI) for Environmental Benefits


Environmental Management – Introduction Environmental Law is perceived as one of the most important tools of environmental management. Protection of environment from degradation has now not just remained a legal issue but a management issue. In...

Basel Norms & Indian Banking System


Amidst globalisation Banking System in India has attained vital importance. Day by day there has been increasing banking complexities in banking transactions, capital requirements, liquidity, credit and risks associated with them.  The World Trade...

With Regards, 
CA Sandeep Kanoi 
Website: http://www.taxguru.in/ 
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