Business

Karnataka Stamp Act extends to the whole of the State of Karnataka. As per this Act, a kind of tax called ‘Stamp Duty’ is levied on the documents executed in Karnataka. There are 55 articles (instruments/documents) described in the Schedule to the said Act for which the stamp duty is …

Companies (Amendment) Bill, 2014    The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for moving of the following Official Amendments in the Companies (Amendment) Bill, 2014 :- i. Doing away with the requirement for filing a declaration by a company before commencement of business …

  Taking Home saver account offered by many bank Viz SBI (SBImaxgain), HSBC (Smart Home), SCB (HomeSaver), IDBI (HomeLoan Interest Saver), Citi Bank (Home Credit) instead of normal housing loan will have many benefits and you can use this as a tool to save income tax.   In our other article ‘Looking …

Good news for property buyers! Ask anyone what is missing in real estate sector now. The immediate answer will be ‘accountability and transparency’, isn’t it? What is promised is not delivered, the promised completion dates are not kept up, the measurement of area is not clear (super built, carpet or …

The issue of net neutrality is raised by Mr. Rahul Gandhi in the Parliament. Maybe, after he spoke, many of us have tried understanding the funda of net neutrality!I am trying to put forth this issue in simple words. In case I have missed any points, please add them in …

Modi, BJP hold out olive branch for budget session -This is what the media wrote when the BJP-led government reached out to the opposition parties on the eve of the budget session with Prime Minister Narendra Modi leading the way in seeking their support and soothing frayed nerves, So, what …

  Here are five smart things to know about Employee Stock Option Plan (ESOP):   ESOP is a programme for employees where they can own equity shares of the company they work for and participate in its growth. Companies use ESOP to attract and retain talent.   ESOP gives the …

In order to bring clarity on taxation issues, the government has notified new tax accounting standards relating to income computation and disclosures by businesses.   The assesses for the purposes of computation of income chargeable to income-tax under the head “Profit and gains of business or profession” or “Income from …

  I have written a couple of articles about Kingfisher defaults to bankers and income tax department. In continuation of Kingfisher saga, here is the update.   The Beginning It was started with Income Tax Department conducting a survey u/s 133A of I T Act, on the premises of Kingfisher …

  We have posted a series of QUIZ for the benefit of accountants. This one is about Taxation. Hope this helps.   [mtouchquiz id=15 startscreen=’off’ showanswers=’end’ multiplechances=’off’]