Monthly Archives: April 2016

Analysis of draft rules for grant of Foreign Tax Credit

Analysis of draft rules for grant of Foreign Tax Credit
Computation of Foreign Tax Credit (‘FTC’) in case of assessee’s with cross border tax payments has been a major hassle for tax professionals. Absence of well-defined set of rules, coupled with few judicial precedents had resulted in diversified practices. The proposed draft rules regarding grant

Bonds, how to choose in falling interest rate regimes?

Bonds, how to choose in falling interest rate regimes?
Bonds and debentures are terms used interchangeably; both represent long term fixed income securities. The cash flow stream (in form of interest and principal) as well as the time horizon (i.e. the date of maturity) are well specified and fixed. Bond returns can be calculated in

Cloud Computing: Meaning and characteristics

Cloud Computing: Meaning and characteristics
A report by Gartner Inc reflected that cloud computing will constitute the bulk of IT spending by 2016. In India alone, it is predicted that the cloud market will reach over $3 billion by next year—an almost five- fold increase from 2012.
Cloud Computing: Meaning and characteristics