You will be surprised to know that 8th wonder is hidden in our text books. YES ,same supposed to be boring text books.
Go to your study table and search for your financial mangement book which you might have dumped long ago in case you passed the exam.
Search for it ASAP , as it contain a [...]

India witnessed its first ever conviction for the foetal sex determination that took place in the state of Haryana. This was the first ever conviction after the Act was passed in the year 1994; after a period of 12 years even though there have been innumerable such cases in the country- ironical isn’t it? But, [...]

The Hindu Marriage Act (HMA), 1955 grants divorce on the grounds of cruelty, adultery, desertion continuously for more than two years, conversion to another religion, mental disorder, affliction with a deadly disease and renunciation. The Supreme Court has recommended ‘Irretrievable Breakdown’ to be made a ground for divorce as well.
This last amendment in [...]

You will be surprised to know that 8th wonder is hidden in our text books. YES ,same supposed to be boring text books.
Go to your study table and search for your financial mangement book which you might have dumped long ago in case you passed the exam.
Search for it ASAP , as it contain a superpower tool [...]

Prior to budget, it pained to see that the credit of MAT (Minimum Alternate Tax) could not be taken. But the situation has imporved post budget as our FM Mr P. Chidambaram has been little kind to the corporates in this regard.
The MAT credit shall be available in respect of MAT paid under Section [...]

In one of the moves in the budget, the notification no. 59/98 dated 16th October 1998 was withdrawn by notification no. 2/2006 with effect from 1st March 2006. The development has astonished the entire community of Chartered Accountants, Costs and Works Accountants and Company Secretaries. As a result of the withdrawal of the notification, all [...]

Applicability of Service Tax on Builders
In budget 2005, Finance Minister P. Chidabaram bought the Construction Services under ambit of service tax.
This meant that builder taking the services from contractors for construction or other allied services will have to pay Service Tax to such contractors. However, what will be the treatment for Service Tax in [...]

In Finance Bill 2006, Mr. Chidambaram has withdrawn the tax deduction available to Co-operative banks under Section 80P on the footing that such banks are functioning at same level with other commercial banks, which do not enjoy such tax exemptions. Thus, co-operative banks should also pay tax on same levels as charged to commercial banks. [...]

With changing times, internet has come accross as a amazing channel for communication to reach people at large for providing information as well as interaction with them. Nowadays lot many information are published by the departments so that public has an easy access to it.
Recently making a similar move, the Income tax department has [...]

I came accross a unique judgement given by the Income Tax Appelate Tribunal which drew my attention. I am sure it would interest you too.
A company in India (Indian Hotels Company, the owners of Taj group of hotels) hired a Architectural and Project Management company (Hirsh Bender Associates)based in Singapore to redesign its hotels [...]