Category: Corporate finance
-
“More Export Will Lead to Low Import Cost”
Tax Planning Tip By CA Manzoorhasan Shaikh for Maeeshat Have you ever thought of tax & finance planning by way of Export?? I am damn sure, your answer will be a big “NO”. You will start thinking how can I reduce my tax cost by exporting more. Yes! You can!!! This has become a reality…
-
Support Business Activity in J&K: RBI Governor Tells Banks
SRINAGAR: Governor, Reserve Bank of India (RBI), Raghuram Rajan Friday asked Banks in J&K to create an environment for stronger business activity especially following devastating floods that damaged the economic pursuit of the people. He said concerted efforts are needed to enhance the Credit Deposit Ratio (CDR) in the State and in this regard asked…
-
Beware from Cash Transaction!!!
Penalty for Property Transaction in Cash from 1st June, 2015 By CA Manzoorhasan Shaikh Akbar (Fictional Character): Birbal, What is Property or Immovable Property? Birbal (Fictional Character): Badshah Salamat, Immovable property is a Plot, House Property, Flat, Bunglow, Shop, any land or building etc. Akbar: Birbal, nowadays everyone talks about “Black Money, Black Money”. What…
-
Insurance Reform – A Game Changer
By K R Sudhaman* Insurance industry in India is a $250 billion industry, equivalent to four-fifth of the country’s foreign exchange reserves. But its growth has been hampered because of the unusual delay in the passage of Insurance amendment bill, which 10 years after it was conceived was passed by Parliament recently. Life insurance has…
-
Janseva Co-operative Credit Society Limited opened its 24th Branch in Gaya
By Tameemuddin Humble for Maeeshat To deepen the financial inclusion of the unbanked population and to provide the Interest-Free financial services to its members in Gaya, “Janseva Co-operative Credit Society limited” opened its 24th Branch on 15th March, 2015, on the very day it was established five years ago, i.e., 15th March, 2010. A seminar…
-
CORPORATE FINANCE IN ISLAMIC PERSPECTIVE
By Dr. Waquar Anwar At the outset it is felt necessary to delineate the topic and its parlance so that its purpose and contour may be appreciated in their proper perspectives. The topic may be translated into other words as the management of finance for corporate bodies. Management of finance encompasses arrangement, maintenance and application…
-
Maharashtra Budget: Enhanced VAT to replace Local Body Tax
Mumbai: Maharashtra on Wednesday announced Local Body Tax (LBT) would be abolished from August 1 and extended tax exemption on essential commodities like rice and wheat in Budget 2015-16. As regards LBT, a compensation of Rs. 6,875 crore will be given to the municipal corporations, excluding Mumbai. This was one of the main electoral promises…
-
No good news for minorities in Jaitely budget
New Delhi: Union Finance Minister Arun Jaitley in his Budget 2015 speech in the Lok Sabha Saturday said that the allocation for the Ministry of Minority Affairs has been “protected,” prompting the community to ask if the allocation of the ministry or ministry itself was facing some threat of abolition. In section 45 of his…
-
Highlights of the budget for 2015-16
New Delhi: Highlights of the budget for 2015-16 presented by Finance Minister Arun Jaitley in the Lok Sabha on Saturday: * Personal income tax rates unchanged * Increase in limit of deduction in health insurance from Rs.15,000 to Rs.25,000 * For senior citizens, this limit to be increased from Rs.30,000 from present Rs.10,000 * Deduction…
-
Budget is Pro-People, Balanced, Growth-Oriented, Inclusive and Progressive: J P Nadda
New Delhi: The Union Minister for health & Family Welfare, J P Nadda has termed the Budget 2015-2016 announced by the Finance Minister today as balanced, progressive, pragmatic and pro-people. He said that the budget will lead to all around social and economic development that is inclusive and outcome oriented. The Health Minister has…