Posted on November 21, 2009Service Tax On Equipment Leasing And Hire-Purchase - Whether Un-Constitutional?
This article makes a comprehensive analysis of the decision of the High Court in Kerala Non-banking Finance Companies Welfare Association v. Union of India [2009] 20 STT 1, wherein a recent issue as to : whether charging of service tax on banking and...
Banking Articles
Posted on November 18, 2009Get Unexpected Loans with Credit Unions
This part of interest is expected to stay flat and unchanged for at least three years. After that particular period the rate of interest offered by Phoenix credit union, Austin credit union and Phoenix banking could in fact change for as much as 2%...
Posted on November 13, 2009Certain Issues on Taxation of Charitable and Religious Institutions
In a vastly populated developing nation, the parallel role of NGOs in public welfare is indispensable. The Income-tax Act, 1961 has recognized the importance of the very concept of ‘charity’ in the Indian society. The income derived by charitable...
Posted on November 13, 2009Direct Taxes Code Is Silent On Tax Treatment of Reverse Mortgages
The 2009 is silent on the tax treatment of reverse mortgage. The author opines that having regard to the nature of the transaction, the position which prevails under the Income-tax Act, 1961 will continue under the Code also. However, it is...
Posted on November 6, 2009Technological Transformation of the Banking and Financial Services Sector
Our life has been transformed by the positive effects of technology. Technological innovations have simplified our life. The changes are visible in every sector. The Banking and Finance sector are among one of those sectors which have completely...
Posted on October 31, 2009You're Not Just A Number At The Credit Union
One of the biggest things you will notice as a member, is that you will be on the receiving end of great customer service. Gone will be the days of being treated like a number at your old bank.
Posted on November 2, 2009Credit Unions Are A Neat Concept
In actual practice, credit unions are an organized group of people that provide cheap financial service to their members. Unlike banks, the stress is on giving financial services to members rather that making a profit.
Posted on October 29, 2009Collateral Management Tips
It isn't very feasible to manage collateral just using spreadsheet any more. Most companies are turning to banking software to meet their growing needs.
Posted on October 28, 2009Internet Security on Mobiles
Online banking is quickly establishing itself as one of the most likeable forms of banking for Australians with every week seeing around 10 million people visiting their online bank account, but now the mobiles industry is quickly adapting to...
Posted on October 28, 2009Alternate Submission Of Proof Of Imports -(For listed companies - Specific facility)
Whenever the foreign exchange is acquired and remitted, the proof of import by way of exchange control copy of bill of entry needs to be submitted to the authorised dealer. Non-submission of the proof of imports would invite action against the...
Posted on October 27, 2009Banks and Loans: The Reality Will Frighten You
Read for yourself the admissions of the Federal Reserve banking system in their own publications. Then call us from the website to find out what to do about your credit card or foreclosure (alleged) debts.
Posted on October 21, 2009Digital Media The Ad Inventory Destinations and Services
(Abhishek Uppal, Piper Jaffray Investment Banking; Reference to The User Revolution) For the purposes of assessing their usefulness for advertising, all online activities can be divided into eight groups. In order to best understand the...
Posted on October 21, 2009Banking and Financial Services – Essential Part of Everyone’s Life
Nowadays, Banking and Financial Services are an essential part of everyone’s life. Every day people use different types of banking and various financial services. Some examples include paying utility bills or insurance premiums, shopping online or...
Posted on October 20, 2009Taxation of Import of services in India and levy of Service Tax
This article deals with the taxation of import of services in India and evaluation of levy of service tax in the light of some relevant circulars and notifications. The author has also referred to a decision of the Bombay High Court in Indian...
Posted on October 10, 2009LLP Conceptually Different - Why Taxed As Partnership?
The Finance (No.2) Act, 2009, amended the definitions of the expressions firm and partner of the Income-tax Act, 1961, to include a Limited Liability Partnership (LLP) and its partners, respectively, as defined in the Limited Liability Partnership...
Posted on October 26, 2009Investment Based Deduction
Budget 2009 has taken a new initiative by introducing the concept of allowing deduction under income-tax for investment made in a new business ‘based on investment’ and ‘not based on profit earned’. It has inserted section 35AD allowing deduction of...
Posted on October 24, 2009Corporate banking — a new phenomenon of new socio economic global order
Corporate banking is a generic term given to different banking services that large companies, governments, or other big institutions need in order to carry out daily functions. Corporate banking consists of simple business of issuing loans to more...
Posted on October 20, 2009Offshore Companies: An Alternative Arrangement for Business Operations
Most companies are now trying offshore work arrangements. An offshore company is an extension of a main business to a work force in a different country. The prevalence of offshore companies is indeed noticeable today.
Posted on September 24, 2009Goods And Service Tax - A Consumption Based Destination Tax
The Goods and Service Tax (GST), a landmark in the history of tax reforms, after the implementation of VAT, has started its journey by the Finance Minister’s public endorsement of the dual GST model.The dual GST model will comprise of a Central GST...
Posted on September 5, 2009Non-Indication Of Service Tax In Bill - An Analysis
Whenever a service is brought into the service tax net, the service provider is liable to levy service tax on the service provided by him and to pay the service tax so collected from the service receivers. The Service Tax Rules make it mandatory to...
Posted on October 19, 2009Make Your Business Run at Smooth Pace through Business Banking Services
Business banking is the first and foremost need of every modern businessperson. With this service of any bank, you can avail a business bank account, a debit card, financial advice on specific business issues and solutions to financial problems. It...
Posted on September 1, 2009Get set and go for debt consolidation loan
This article is totally based on debt consolidation benefits and wonderful way of handling your debt. It’s sounds good, but how is it possible. How can high interest loans repaid at low interest. You could minimize your multiple debts into a single...
Posted on August 27, 2009Remanding Of Service Tax Matters
Service tax issue is the emerging one in the indirect tax matters. It opens the field to the professionals more to practice. In the proceedings before any quasi-judicial system, the principles of Natural Justice are to be complied with. Otherwise,...
Posted on August 16, 2009Pointers for Opening UK Bank Account
Foreign nationals trying to open up a UK bank account often face a raft of rules and regulations in front of them before they can safely open the account. From producing proof of identification to proving where you work or study, the rules are quite...
Posted on August 9, 2009Service Tax – Budget Highlights 2009
The Economy may be good or bad, there may be any progress or not, there may be development or not, but imposition and leviability of taxes is certain for the growth of the country. Shri Pranab Mukherjee has also in his Budget done it for the benefit...
Posted on August 2, 2009Consumers Lose In New Financial Regulations
The same institutions and people who were tasked with preventing abuse or fraud from running rampant in the economy too often fail in their jobs. But the only reaction to these failures is to give the exact same regulatory agencies more power and...
Posted on August 6, 2009Major Changes In Indirect Taxes
This article presents a summary of some of the Indirect Tax proposals. While commitment of the Government to GST is welcome, there is no assurance that GST will be introduced with effect from April 1, 2010 and the expectation that there will be...
Posted on October 17, 2009Business banking; Important Advice to Owners and Directors
A look at the essential considerations for those choosing business banking services. A particular focus is taken on the importance of detailed and logical research when choosing between banks and account packages.
Posted on October 15, 2009Loan Modification, Bankruptcy and Avoid Foreclosures & Save your Home
You are into a mess with the untimely recession and struggling to pay mortgage bills and fearing a possible foreclosure. Get solutions to avoid it and know more about the loan modification, bankruptcy, Immigration and foreclosure time line.
Posted on July 5, 2009Renting Of Immovable Property Is Service
The Delhi High Court’s decision in Home Solution Retail India Ltd. v. Union of India [2009] 20 STT 129 that renting of immovable property is not a service has created excitement among taxpayers, analysts and economists. According to the author, both...
Posted on June 29, 2009Accounts & Deposits
Accounts and Deposits are two most important entities that are associated with every transaction that you make in a financial institute. Your money, investments, savings and all financial regulations are defined by these entities. When you open an...
Posted on June 27, 2009Importance Of Notes On Accounts In The Context Of Computation Of Income For Mat
The author in this article has given an in-depth analysis regarding the provisions concerning Minimum Alternate Tax (MAT) (presently covered by section 115JB of the Income-tax Act, 1961) and the relevance of ‘notes’ on accounts given by the companies...
Posted on June 27, 2009The Indian LLP Law : Some Concerns For Lawyers And Chartered Accountants
A limited liability partnership—which is a form of business organisation in which the liability of the ‘partners’ is limited to the extent of their interest in the partnership, owing to its company-type separate legal personality and yet having the...
Posted on June 27, 2009Extra-Territorial Reach Of The Income-Tax Act, 1961
Recent judgments of the Mumbai High Court in the case of Vodafone International Holdings B.V. v. Union of India [2008] 175 Taxman 399 and of the Supreme Court in CIT v. Eli Lilly & Co (India) (P.) Ltd. [2009] 178 Taxman 505 (SC), have created a...
Posted on June 27, 2009Judicial Propriety In Income-Tax
Judicial discipline demands that a Bench of the High Court must follow the decision of an earlier Bench of equal jurisdiction of the same High Court. However, there are some cases where decisions in higher authority have been overruled by the lower...
Posted on September 20, 2009Advice to Bankers: How to Avoid the Bad Rap
How Involving Your Community Bank in the Community Is Easier Than You Think According to Robert Sumner, CEO of First National Bank of Pasco (FNB Pasco) near Tampa, Florida, “If you’re a community bank looking to save face in the community, go where...
Posted on June 13, 2009Accounting Finance Jobs | Audit Jobs Tag44
Nothing in life comes the easy way. You cannot enjoy the delicious meal decorated on a platter unless you have earned it. Same is in the accounting case where you have to now go in for a drift in profile.
Posted on June 8, 2009Swiss Retaliate Against the USA Over UBS
The USA continually pressures many countries in the world to release private information, in particular, banking information. However, Switzerland realizes the harm this causes their own institutions and citizens. Luckily, they have the leverage to...
Posted on June 22, 2009Where are States' Rights Going?
The United States Constitution grants many rights to the state government and limits the rights of the federal government. Of course, this is often ignored because it's "old-fashioned", and this is the New Deal 2.0 after all, right? However, not...
Posted on June 22, 2009USA Debt Now at $546,688 per Household
As the national debt mounts, despite President Obama's calming words, each individual citizen and resident has a 6-figure sum looming over his or her head. Worrying? I think so. Meanwhile, the dollar will weaken, as this is entirely unsustainable,...
Posted on June 9, 2009Why the Bank Doesn’t Want Your House
An Insider’s View of Why It’s Best to Work With Your Lender – For You AND the Bank – When You’re in Danger of Losing Your House Banks don’t want your home for two basic reasons. First, the bank is not in the real estate business. Secondly, when...
Posted on June 8, 2009Community Banks – Are They the New Come Back?
In the wake of the financial debacle on Wall Street, many Americans want to know where the safest place to deposit their money is. (FNBPasco, First National Bank of Pasco, online banking, Pasco bank).
Posted on June 7, 2009How to Choose the Best Options Broker
The money market and banking system have suffered considerably over the past few years. Many investors have lost big sums from the stock and money market while some big banks are still in precarious financial situations. So you may be wondering if...
Posted on June 3, 2009Safety Tips for Online Banking
This article speaks on safety tips for online banking. It discusses various tactics of safe and secure banking process/transaction on internet covering, but not limited to: Privacy Protection, Anti-Virus and Firewall Protection, Phishing, FDIC...
Posted on December 31, 2008Financial Crisis - Smart Money Guide
A smart guide on what to do with your money in these troubling financial times. The credit crunch is on everyone's lips, and for many families and businesses, times are getting hard.
Posted on December 31, 2008A Summary of the Icelandic Banking Debacle
Many were seduced by the high interest savings accounts based in Iceland. Since the credit crunch has taken hold they have fell one by one.
Posted on December 29, 2008Financial Regulation in Argentina
At the end of 1980's, the banking system in Argentina was regulated by the 1977' Banking Law. Argentina confronted with the highest levels of devaluation of currency (~60000%) and inflation (~50000%) in history. The financial system was virtually...
Posted on December 28, 2008How to pay bills on time
There are a variety of ways to pay bills, from the traditional method of sending out your payment by cheque or money order through the mail
Posted on November 30, 2008How to get Banking Jobs
There is a lot of scope for banking jobs in India. Working at a job in banking can be an exciting one, but also highly stressful if you're not careful.
Posted on November 29, 2008Recession Proof Business-How To Build A Recession Proof Business
With the economy tanking, many are looking for personal solutions. While owning a successful business sounds nice, can that really be done in a recession? If you learn how to start and build a recession proof business, you can thrive even with the...
