Who can apply for financial sanctions?
Any organization/Association/Society which fulfills the criteria/ guidelines for financial assistance under the IEPF can apply.
How to apply?The organizations are required to submit their applications in Form 3 and Form 4.
What is IEPF?
Investor Education...
Tried and True Money Advice From Warren Buffett
When it comes to financial wisdom, few people merit as
much attention as Warren Buffett. The man renowned as the “Sage of Omaha” built
a billion-dollar empire from scratch, all the while maintaining modest spending
habits that are the envy of every frugal people everywhere. :
1. When you’re...
TP adjustment for controlling premium upheld; transfer of shares as per SEBI Regulation can’t be deemed to be at ALP
TP adjustment for control premium upheld as it is only the seller who can demand control premium in case he is selling the controlling stake. Even price charged for transfer of shares is as per SEBI Regulations, it can't be deemed to be at ALP
In the instant case the assessee belonged to Lanxess...
RISKS AND BENEFITS OF INVSTING IN REAL ESTATE..
If you plan to allocate some of your investment dollars to real estate, you’ll find several options in the marketplace.
Each type of investment has its own benefits and risks, and you should fully educate yourself on those before you write the check.
Below are details on a few of the more common...
Work carried out on lump sum basis as a contractor doesn’t mean rendition of Manpower Supply Services
Work carried out on lump sum basis as a contractor, does not, prima facie, amount to Manpower Supply Services and is not chargeable to service tax under that service
In the instant case the assessee, a sugar co-operative society of farmers, was buying sugarcane grown by farmers. It had...
What is Annual Information Return (AIR)???
What is Annual Information Return (AIR)?
As per Section 285BA of the Income
Tax Act, 1961, specified entities are required to furnish an Annual
Information Return (AIR) in respect of specified financial transactions
registered/recorded by them during the financial year (beginning on or after
April...
ALLOWABILITY OF ESOP EXPENDITURE: BY CA NITIN NANDA
A scheme of Employee Stock Option (‘ESOP’) is one such process where employers reward employees by making them partners/ rightful owners in wealth which they have build together by issuing shares in the entity at a discounted price which otherwise is available at higher price in the market due to...
10 common legal myths busted
Did you check your friend's repayment history when you agreed to be a guarantorfor his home loan? You should have, because according to a Supreme Court ruling, the lender can recover his dues from the guarantor if the borrower is unable to repay the loan. Your friend's liabilities could become...
Income tax department goes slow on refunds over Rs 1 lakh
NEW DELHI: The income tax department is going slow on several refunds of over Rs 1 lakh for 2011-12, amid slowing revenue growth due to the faltering economy. While the government has not issued any directives to the revenue officers to go slow on tax refunds, the indications are strong...
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