Still hazy countdown for IFRS

After a false start in 2011, corporate India, the ministry of corporate affairs & ICAI would have to iron out contentious issues for converging Indian financial reporting to global standards Read more »

‘Need a tangible definition of controlling interest’

Budget 2014-15 emphasised the need to propel growth in India's real estate, infrastructure and construction sectors Read more »

‘States must mitigate the impact of stamp duties’

The tax impact of Reit investment is lower if the asset is owned by the Reit directly, not by the SPV. In terms of providing returns to investors, owning the asset directly... Read more »

Advance ruling powers diluted by clarification

CBEC instruction says any issue decided by the Appelate Tribunal or courts will be outside the purview of AAR Read more »

Demolition of building does not end tenancy

One leading judgement stated that the tenancy ended with the destruction of the building Read more »