Tag Archive

US mortgage crisis: A subprimer

This article was published in TOI on 16/09/2008 which is being reproduced because it very nicely explained that I thought it should be published. What is a sub-prime loan?
In the US, borrowers are rated either as ‘prime’ indicating that they have a good credit rating based on their track record or as [...]

INCOME TAX – AN OVERVIEW- I

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Income tax is levied on the ‘total income’ of the assessee.
Income of the ‘previous year’ is taxed in the ‘assessment year.’
Income is classified into and computed under five categories called ‘heads of income.’
The basic scheme of income tax [...]

HALF YEARLY INTERNAL AUDIT MANDATORY

Half yearly internal audit has been made compulsory for stock brokers by SEBI. SEBI a premier body which regulates the securities related issues. The internal audit should be done only by an independent qualified Chartered Accountant, company secretaries, or cost and management accountants who do not have any conflict of intrest. For more log [...]