Website: 
The wealth-tax is charged for every assessment year commencing on or after 1.4.57 in respect of net- worth (if assets minus liabilities exceed certain limit laid dowan in the Act) on the corresponding valuation date: as per section3(2) of the welth- tax act, 1957 from assessment year 1993-1994 every individual, H.U.F. and comoany is liable [...]
Continue reading → Banking cash transaction tax is a concept introduced by the finance Act, 2005 under chapter Vll . According to section 94(3) of the income tax Act, BCTT, “means the tax leviable on the taxable banking transactions under the provisions of this chapter. According to section 94(8) of the income tax act 1961,” taxable banking transaction” [...]
Continue reading → Debentures can be secured or unsecured. Trustees should be appointed for debentures. Debentures Redemtion Reserve (DRR) and trustees have to be created as per rules. Issuing company has to file particulars of charge . with Registrar of companies as per provisions of companies act. As per section 117 B of companies act, appointment of debenture [...]
Continue reading → Sebi(issue and listing of securities) regularions, 2008 make provisions for public issue and listing of debt securities issued through public issue or on private placement basis of a recognized stoch exchange. These apply to non- convertible debt instruments. In view of these, icdr regulations[earlier sebi(DIP) guidelines] make provisions only in respect of convertible debt instrument. [...]
Continue reading → INNOVATION, EFFICIENCY & SOLUTIONS Our mechanized society cannot function without lubricants. The dilemma is oil is both necessary for our life-style and potentially destructive to nature. Quite simply, we must select innovative, efficient products that will help solve our pollution problems. The introduction of synthetic motor oil in 1972 set all new standards for motor [...]
Continue reading → Wireless Internet is all the rage today, and for good reason. There are many ways for you to take advantage of 4G connections all across the land and all over the world, and you may be surprised at how affordable and simply many of them can be to acquire and utilize. If you have had [...]
Continue reading → 1. Right to equality- aricles 14 to 18 ; 2. Right to freedom- aricles 19 to 22 ; 3. Right against explotation- aricles 23 to 24 ; 4. Right to freedom of religion- aricles 25 to 28 ; 5. cultural and educational Rights- aricles 29 to 30; 6. Right to constitutional Remedies- aricles 32;
Continue reading → The Constitution of India came into force on january 26, 1950. it is a comparehensive document containing 395 Articles (divided into 22 parts) and 12 schedules. Apart from dealing with the structure of government, the constitution makes detailed provisions and for the rights of citizens and other persons in a number of entrenched provisions and [...]
Continue reading → The right to information-act 2005 provides an effective framework for effectuating the right to information recognized under article 19 of the constitution. It may be pointed out the right to information bill was passed by the lok sabha on may 11,2005 and by the rajya sabha on may 12, 2005 and received the assent of [...]
Continue reading → New climate deal looks to be only couple of months away but still there are so many different questions in the air that need to be answered before the final agreement. The most important question of them all is how much should industrialized nations cut their greenhouse gas emissions, most importantly world’s biggest polluters United [...]
Continue reading → THE PRICE OS CER DEMAND AND SUPPLY AND VARIES FROM 10 EUROS TO 15 EUROS PER CER. THE PRICE OF CER IS GENERALLY LOWER THAN THE PRICE AO AAU OR ERU WHICH ARE THE PRODUCTS OF THE DEVELOPED WORLD. THUS IN THE CONTEXT OF TRADING THE EMISSIONS , THE EMISSIONS REDUCED 9OR PRODUCED) BY THE [...]
Continue reading → 1.The subtraction method 2.The addition method 3.Tax credit method The subtraction method:- under the method the tax rate is applied to the difference between the value of output and the cost of input; The addition method :- under this method value addes is computed by adding all the payments that are payable to the factors [...]
Continue reading → The value added tax (vat) is based on the value addition to the goods and the related vat liability of the dealer is calculated by deducting input tax credit from tax cpllected on sales during the payment period(say,a month). The white paper specifies that registration under the vate act is not compulsory for the small [...]
Continue reading → The successor of infamous Kyoto protocol should be only couple of months away but the world still can’t agree on what are required cuts in greenhouse gases to fight against climate change. The more closer we are to this new climate deal the more likely it looks like that we won’t see drastic cuts in [...]
Continue reading → Equity share An equity share is one which is not a preference share . these are normally risk bering share . Equity share holders will get dividend and repayment of capital after meeting the claims of preference share holder. In other word, if the share holder is not entitled to divient at a fixed rate [...]
Continue reading →