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Nov 28, 2009

UPDATES FROM TAX GURU 29.11.2009

UPDATES FROM TAX GURU (in this message: 13 new items)

Link to LEGAL & FINANCIAL  UPDATES FROM TAX GURU

Inspection and Investigation

Posted: 28 Nov 2009 07:23 PM PST

Investigation under Section 235:-Investigation is the act of determining whether criminal matters such as employee theft, securities fraud (including falsification of financial statements), identity theft, and insurance fraud have...

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Highlights of the Sarbanes- Oxley Act of 2002

Posted: 28 Nov 2009 06:58 PM PST

Senator Paul Spyros Sarbanes in his capacity as Chairman of the Senate Banking, Housing, and Urban Affairs Committee, held a series of comprehensive hearings resulting in the passage of a bi-partisan bill designed to reform the accounting industry...

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SEBI circular on simplified Debt Listing Agreement for Debt Securities – Amendments

Posted: 28 Nov 2009 08:36 AM PST

100% Asset Cover: To align the Listing Agreement with the provisions of the Companies Act, 1956, the amended Listing Agreement requires issuers to maintain 100% asset cover sufficient to discharge the principal amount at all times for the debt...

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Deloitte will treble its India headcount

Posted: 28 Nov 2009 08:30 AM PST

International accounting and consulting firm Deloitte will treble its India headcount from the current 11,000 and shift more of its top talent to the country over the next four years, a company official said. James Brady, CEO of Deloitte's assurance...

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Justice Dilip Raosaheb Deshmukh took charge as new Chairman of CLB

Posted: 28 Nov 2009 08:23 AM PST

Former Chhattisgarh High Court Judge Mr Justice Dilip Raosaheb Deshmukh took charge as the new Chairman of the Company Law Board (CLB) on Friday, four days ahead of the originally scheduled joining date. This follows a request by the Government as...

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Before you choose avenues for tax saving -series II

Posted: 28 Nov 2009 07:38 AM PST

It's true that an equity investment fetches much higher returns as compared to other investment avenues. But just remember what happened to your tax saving funds when the Indian equity markets went for a rock bottom decline. We find that all the NAV...

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Tax saving habit–a change is required series-1

Posted: 28 Nov 2009 07:26 AM PST

All we need to do is to bring some changes in our habits and do the tax planning for the financial year 2009-10 in advance. Moreover before one decides for tax saving one should look into the all the list of probable deductions under which one gets...

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Indian banking makes us jealous

Posted: 28 Nov 2009 07:08 AM PST

After 31st March 2010 Indian banks will have to adhere to the Basel II norms. India had adopted Basel I guidelines in 1999. Later on in February 2005 the RBI had issued draft guidelines for implementing a New Capital Adequacy Framework, in line with...

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Where us economy is heading?

Posted: 28 Nov 2009 06:49 AM PST

In this article we will try to figure out the true picture of US economy through some prime indicators and the probable ways by which US economy can try to come out of the dark woods. We will try to find the trend, analyse and foresight the future...

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Cheap Money Debt

Posted: 28 Nov 2009 06:33 AM PST

Cheap money supply will remain for some more time giving more opportunity to invest in emerging market and increase the assets prices. But among all these we forgot to accentuate that US fiscal deficit is rising which is not a burden for US economy...

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Convoluted Turbulenlence of Japan

Posted: 28 Nov 2009 06:18 AM PST

Japan's second quarter GDP increased by 4.8% in 2009 from a year ago. This was surprising for most economists as the predicated a 2.7% growth. The figure is very much reliable as the GDP number came riding not only at the cost of export buts also...

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U.S. foreclosure threatens-world market

Posted: 28 Nov 2009 05:50 AM PST

Before we get into the critical invisible analysis of foreclosure we need to understand clearly what it means by Foreclosure.This articles brings out the trend and analysis of the climbing high Foreclosure rates andits effect on the US economy as...

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India in Gulf's ladder of investments

Posted: 28 Nov 2009 05:42 AM PST

BRIC countries have always remained a favored destination for doing investments and getting good returns other that any other investments. Each day we hear a word called FII's. They are the ones who make the stock market climb new heights. In this...

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