Business

Is this the brain child of Modi government? The answer is NO. Benami Transactions (Prohibition) Act was enacted in 1988. Actually, it was in 1973 that the Law Commission of India recommended to formulate an Act to curb Benami Transactions! So, it took 15 years for the government to make …

MUDRA Bank stands for Micro Units Development Refinance Agency (MUDRA). When so many banks are around, where is the need to set up one more bank? I think the problem is not about the banks, the problem is about the lengthy and cumbersome procedure of lending by the banks. Agree? …

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 …