MENTOR
TAXATION
`LoB'bing tax treaty shopping
In the recent past, tax planning through legitimate international tax treaty shopping has been a subject of intense controversy in the international tax community. `Treaty shopping', as it is often called, has been identified as a highly ...
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Sub-contract is service tax-free
When a contractor of services subcontracts a portion of services, is it necessary for the sub-contractor to add the service tax in his bill raised against the contractor? As the contractor will raise his bill against the client, will it not be ...
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`Tedious' on rent
X company has taken Mr Y's premises on rent and is paying rent after deducting TDS. Mr Z provides training facility, server room facility and hiring of furniture service to Mr Y's premises on behalf of X. In this case, while making payment to ...
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ACCOUNTING STANDARDS
FOREXPERT
Rupee appreciation and AS-11
The rupee has appreciated 10-11 per cent against the dollar in recent times. Accounting Standard (AS-11) of the Institute of Chartered Accountants of India (ICAI) governs accounting of foreign currency transactions and translations. Those who ...
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ACCOUNTANCY
Different forms of secured loans
Funds of an entity could be either own funds or owed funds. Borrowings are categorised as loans. Loan is a one-time receipt from the lender (which may be released in instalments as in the case of factory buildings, civil works, plant and ...
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INFRASTRUCTURE
Many a development trouble spot
Responses to Sticklish Issues dated May 14
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EDUCATION
CAREERCROSSROADS
MBA through distance learning
I have completed a dual-degree offered by BITS-Pilani — an MSc (Hons) in Physics and a BE (Hons) in Mechanical. I have been working as a software engineer since August 2006. I would like to know if doing an Executive MBA is worth it. My ...
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ECONOMICS
Banking on foreign markets
Is it economically sustainable for industries, such as Information Technology, to bank predominantly on overseas markets for revenues? Rajesh Puri It could be economically sustainable for the IT industry to bank on the overseas ...
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M-COMMERCE
Mobiles versus plastic cards
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INTERVIEW
Losses due to cyber crime can be as high as $40 billion
Expert feels that only a tiny proportion of cyber crime incidents are actually reported world over. Individual users are more exposed to computer crime than ever, due to the growth in identity theft.
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EVENTS
Number Crunch
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Just Do IT
Anchanadevi Jaguva - jganchanadevi at rediffmail.com, B. Ramakrishna - Dy.Director General of Foreign Trade (Retd) - Ghaziabad - krishnabr1942 at yahoo.co.in, B.Suresh - Chennai - sapguru2006 at gmail.com, C. Gowthaman - Asst Manager - SBI - ...
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PEOPLE
Always do more than is required of you
Mr Sumeet Sabharwal is Managing Director, Navisite. His responsibilities include all aspects of sales and delivery for NaviSite's custom application services business and the global delivery operations that span various service offerings. Mr ...
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BOOKS
Cluster of competencies
SCRIBE or `socially responsible business excellence' is what our leaders should aim at, says The Indian CEO by Signe M. Spencer et al from Response (www.sagepublications.com). The authors describe SCRIBE as a cluster of three ...
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