| Double Tax Avoidance Agreements & Taxation Posted: 29 Oct 2009 08:05 PM PDT In layman's language, a treaty is a formally concluded agreement between two or more independent nations. The Oxford Companion to Law defines a treaty as "an international agreement, normally in written form, passing under various titles (treaty,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
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| Understanding the Budget process Posted: 29 Oct 2009 07:55 PM PDT References to budget can be found in Kautilya's Arthashastra. It states that the Chancellor should first estimate revenue from each place and sphere of activity under different heads of accounts and then arrive at a grand total. The actual revenue... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
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| Valuation of Business Posted: 29 Oct 2009 07:48 PM PDT The etymology of "business" refers to the state of being busy, in the context of the individual as well as the community or society. In other words, to be busy is to be doing commercially viable and profitable work.In economics, business is the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
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| World's biggest accounting scandals (Other then Satyam) Posted: 29 Oct 2009 07:40 PM PDT WorldCom was one of the big success stories of the 1990s. It was a symbol aggressive capitalism. Founded by Bernie Ebbers, one of the most aggressive acquirer during the US mergers and acquisitions boom of the 1990s. WorldCom's asset value had... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
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| ICAI President's message to CA community Posted: 29 Oct 2009 07:29 PM PDT I am sure most of us are still sharing the Diwali happiness and good wishes with friends and family. The New Year Vikram Samvat 2066 has dawned and has already ushered in a positive atmosphere. The markets are doing well; the economy is making... [[ This is a content summary only.. Visit my website for full links, other content, and more! ]] 
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| Center will re-look notification restricting excise duty exemption of industrial units in North-East region Posted: 29 Oct 2009 07:04 PM PDT There's some good news for the industry of North-East as the union commerce ministry has agreed to have a relook into its March 2008 notification which had considerably restricted excise duty exemption of industrial units in the region. It is learnt... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
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| Companies Bill, 2009 will have provisions for Class Action suits which will allow investors to seek compensations from companies Posted: 29 Oct 2009 06:55 PM PDT The Corporate Affairs Minister, Mr Salman Khurshid, on Wednesday said that the Companies Bill, 2009 will also have provisions for Class Action suits that will allow investors to seek compensations from companies. At a workshop to discuss the Bill,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
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| Court granted bail to arrested income tax commissioner from Nagpur, Posted: 29 Oct 2009 06:52 PM PDT A special court on Wednesday granted bail to arrested income tax c o m m i s - sioner from N a g p u r, Ajoy Singh, his wife, Mrinalika and two other relatives arrested in Hyderabad. While Singh was released on a bail amount of Rs 5 lakh, the others... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
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| Johnny and Service Tax Refund Part – II Posted: 29 Oct 2009 05:54 PM PDT In continuation of previous article, elaborating the difficulties in getting the refund claim under GTA service, we in this article are unveiling the problems existing in the Service tax refund mechanism under Port Services (Section 65[105][zn]).... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
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| Johnny and Service Tax Refund Part – I Posted: 29 Oct 2009 05:43 PM PDT With the help of this article an effort has been made to picturise the present situation existing in the refund structure mechanism under Service tax. This state of affair is elaborated with the means of poems and conversation between Johnny (an... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 
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