3G fee to get capital assets status, linked tax incentives Oct 29, 2009
A top finmin official who did not want to be named said that his ministry had decided to clear this proposal mooted by the department of telecom (DoT) to allow the amount paid for spectrum to be treated as capital asset, which would be amortisable for tax computation purposes. This means, if a telecom company were to bag pan-India 3G spectrums by paying upwards of Rs 3,500 crore (the minimum bid amount), the operator will be allowed to set off this amount in 20 equal annual installments. (India Times)
Mercer International Inc. Reports Improved Pulp Prices Leading to Stronger 2009 Third Quarter Results Oct 29, 2009
Operating EBITDA is defined as operating income (loss) plus depreciation and amortization and non-recurring capital asset impairment charges ... Management considers it to be a meaningful supplement to operating income as a performance measure primarily because depreciation expense and non-recurring capital asset impairment charges are not an actual cash cost, and depreciation expense varies widely from company to company in a manner that management considers largely independent of the... (Primezone Releases)
Medfield STM OKs proposed budget cuts, rejects meals tax Oct 21, 2009
The Warrant Committee voted to dismiss the article because the initial cleanup plan submitted by the Division of Capital Asset Management (DCAM) was withdrawn and a revised plan is not expected until January 2010. The STM voted down the proposal by a vote of 134 to 104. (Medfield Press, MA)
State Hires new firm to manage State Hospital cleanup Oct 16, 2009
Division of Capital Asset Management (DCAM) Commissioner David Perini introduced the new full service environmental firm of Weston & Sampson at the Overview of Environmental Program presented Wednesday evening at the high school ... us or by mail to John O Donnell, LSP, PE, Division of Capital Asset Management, 1 Ashburton Place, 15th floor, Boston, MA 02108. (Medfield Press, MA)
Case against DiMasi grows Oct 14, 2009
Weinberg has said there was nothing irregular when the state Division of Capital Asset Management awarded Genesis a management contract for the state Transportation Building in 2006. The government is wrong about its factual allegations and its legal theory, and Vitale vigorously asserts the evidence will demonstrate he s innocent, Weinberg said. (Boston Globe)
Salem State sets sights on downtown expansion Oct 4, 2009
The state Division of Capital Asset Management (DCAM) last year asked for any parties to formally submit interest in the properties. Salem State is the only entity to express interest in the buildings so far, said spokesman Kevin Flanigan. (Georgetown Record, MA)
Beverly mayor touts positives at regional meeting Sep 16, 2009
1 million from the state Division of Capital Asset Management. Another $4 million is expected from the sale of the North Shore Technical High School. (Beverly Citizen, MA)
Mo. hammered by auto industry decline Sep 10, 2009
The Ohio model, for example, includes corporate tax credits equal to the value of state income tax withholdings for the employees retained when businesses employ at least 1,000 full-time employees and make a capital asset investment of at least $200 million. Encourage Missourians to buy next-generation-technology vehicles, perhaps through a state version of the federal government s Cash for Clunkers program. (St. Louis Business Journal, MO)
Special Town Meeting set for Oct. 19 Sep 10, 2009
DCAM (Division of Capital Asset Management) representatives will be invited to the meeting, not to present information, but to listen to town officials concerns and comments. Agreed to take all necessary actions to collect late fines for unlicensed dogs for 2009. (Medfield Press, MA)
Surge In FHA Loans May Spur Big Losses For U.S. Taxpayers Sep 3, 2009
eIBD Investor's Business Daily Digital Edition. Access recent eIBD issues easily. (Investors Business Daily)
Overhaul for growth transition Sep 3, 2009
The third issue is paying close attention to the "capital asset price bubble" problem and the stable and healthy development of the real estate market. The current overall price level in China indicates there is no obvious inflationary pressure, nor is risk of deflation imminent. (Xinhuanet, China)
Press Release: Statement by an IMF Mission to Costa Rica Aug 26, 2009
g., the risk-adjusted capital asset ratio) should be removed. The mission expects that the IMF Executive Board will conclude Costa Rica s 2009 Article IV consultation and the first review of the Stand-By Arrangement by end-September. (IMF News)
Business briefs: Merced bank opens Aug 4, 2009
Place an obit: (559) 441-6228. Web Search powered by YAHOO. (Fresno Bee)
Brokers want to claim depreciation on BSE card value Jul 29, 2009
Earlier the broking firms had been given respite by the Income-tax Appellate Tribunal, allowing them depreciation, considering their submission that the membership card was a capital asset through which right to trade on the stock exchange is acquired by the broker. Also, it is an intangible asset within the definition of the Section 32 of the I-T Act. (India Times)
What constitutes as Income on Indian soil Jul 28, 2009
Through or from any source based in India and from the sale of a capital asset inside India. Thus what the IT department says is that if they can clearly define that the source of the income is in India then the Income too is accrued in India. (India Times)
Finding the right pension model Jul 25, 2009
Fortress Capital Asset Management (M) Sdn Bhd chief executive officer Thomas Yong said the proposed pension fund should be liberalised similar to models in many developed nations that allowed savers to choose whom they wished to manage their savings nests. If the fund is sufficiently liberalised like that in Australia, savers will have the choice of who manages their investments and what they invest in. (The Star Online, Malaysia -- Business)
DEP to review plan to clean Medfield State Hospital ash dump Jul 24, 2009
About 10 people, mostly town and state officials, visited 45 Hospital Road Monday for a review of the Department of Capital Asset Management s plan to deal with ash and lead dumped in wetlands behind the Medfield State Hospital property. The group also toured the site with Jeffrey J. Park, senior ecologist with O Reilly, Talbot and Okun Associates of Westborough, the firm DCAM has hired for the $225,000 project. (Medfield Press, MA)
Here's How To Deepen the Recession Jul 24, 2009
This is a bad trend toward consumer technology and away from valuable capital asset advancement. by Jake Leone July 23, 2009 3:30 PM EDT. (CBS News)
Selectmen skeptical of DCAM plan to cover State Hospital's ash dump Jul 24, 2009
Members of the Board of Selectmen are concerned that the Division of Capital Asset Management (DCAM) plan for environmental restoration at the former Medfield State Hospital addresses only a small section instead of the whole site and that contaminated materials will be relocated and covered, but not removed from the property. At Tuesday s Selectmen s meeting, Board Chair Ann Thompson read a draft letter from the Board to Ian A. Bowles, Secretary, Massachusetts Environmental Policy Act (MEPA)... (Medfield Press, MA)
State Capitol Briefs, July 9 Jul 13, 2009
Cabinet members include state purchasing agent Ellen Bickelman, Division of Capital Asset Management and Maintenance David Perini, chief human resources officer Paul Dietl, chief information officer Anne Margulies, Group Insurance Commission Executive Director Dolores Mitchell, Civil Service Commission Chairman Christopher Bowman, and Mark Sylvia, director of the state's new Green Communities Division. There's a July 23 meeting in Greenfield. (Belmont Citizen Herald, MA)
Contention created causes collapse Jul 9, 2009
Kneupper's remaining motions throughout the meeting were each met with failure, including posting board meeting agendas, announcements and minutes for the past six meetings on the BCRAGD website; amending the fiscal 2008-09 budget to include 10,000 for capital asset depreciation expense; and using an outside consultant to identify the strategic BCRAGD objectives to be achieved by use of monitoring well data, identify the uses of the data, assess the effectiveness of the current program, and... (Bandera Bulletin, TX)
Cambridge's Middlesex Jail, courts may be shuttered for good Jul 8, 2009
After further study of the building, officials have pulled the plug on planned renovations, said Kevin Flannigan, a deputy director with the state Department of Capital Asset Management. "There are currently no renovations going on at the Sullivan building, nor are there imminent plans to start the renovation work," Flannigan said. (Cambridge Chronicle, MA)
DCAM: Antenna on water tower Win-win Jul 8, 2009
The first year rent for a similar antenna at the soldiers home in Chelsea was $36,000, said Tsaparlis, real estate transactions manager for the Division of Capital Asset Management (DCAM). He said rental rates in Medfield would be higher. (Medfield Press, MA)
Framingham's Civic League rejects sale offer Jun 28, 2009
Specifically, the college had to comply with the state Department of Capital Asset Management's regulations. The delay cost the Civic League money because it had to continue paying mortgage, insurance and maintenance costs. (Framingham TAB, MA)
Ross, Harkins forecast gloomy fiscsal 2010 for Medfield Jun 20, 2009
State Representatives Richard Ross and Lida Harkins attended to discuss the state s FY2010 budget and other local concerns and a team from DCAM (the Division of Capital Asset Management) presented an updated overview of the plan to rezone and redevelop the state hospital site. There was no presentation or discussion about leasing the state hospital water tower to wireless companies for antennas. (Medfield Press, MA)
Former hospital site in Foxborough blooms as new village Jun 18, 2009
We consider this a great success story, said Peter Norstrand, deputy commissioner of the state Division of Capital Asset Management, the agency overseeing state hospital redevelopment. The developers were able to preserve a large part of the buildings on the property. (Boston Globe)
Jerry Rao, Founder, Mphasis Jun 17, 2009
In an exclusive interview to ET, Jerry Rao said, unlike conventional developers, his business model would treat land as an inventory and not a capital asset ... Three, if you are looking at land as a capital asset, you would not do it. (India Times)
Medfield State Hospital neighbors oppose antennas on water tower Jun 16, 2009
Early this week, John Harney of Maplewood Road, former selectman and an opponent of the plan to redevelop the hospital site into a 440-unit housing development, and William Massaro of Evergreen Way each sent letters to the Mary E. Gardill, project manager at the state Division of Capital Asset Management (DCAM) outlining their objections. Massaro s letter states the tower is old and leaking, and may not be structurally sound enough to have cell antennas mounted on it. (Medfield Press, MA)
State to begin cleanup of State Hospital this summer Jun 5, 2009
Officials from the state Division of Capital Asset Management, which is tasked with preparing the site for a planned 440-unit housing development, are scheduled to walk the site this week to help plan the cleanup ... Instead, said John O Donnel, deputy director of the Division of Capital Asset Management, his department would first clean up the property. (Medfield Press, MA)
Massport chief criticizedover dinner with contractors May 16, 2009
Former honorees include David Perini, executive director of the state's Division of Capital Asset Management; former Turnpike Authority executive director Matthew Amorello; and former Massachusetts Water Resources Authority executive director Douglas MacDonald. Doug Rubin, Governor Deval Patrick's chief of staff, said that when an organization wishes to honor the governor or a member of his staff, the governor's lawyers look for "any potential conflict of interest."In a case like this, we... (Boston Globe)
Fernald's future in the balance May 10, 2009
The state agencies involved in the disposition are "committed to working with the local legislative delegation and the community on the reuse of the Fernald property," said Kevin Flanigan, spokesman for the Division of Capital Asset Management, which oversees such transactions, in an e-mailed response to Stanley's comment. Even as the property's redevelopment is debated, guardians of the remaining residents say they're undeterred by the Supreme Court's refusal to hear their appeal, and are... (Boston Globe)
Pareto announces first quarter financial results May 8, 2009
------------------------------------------------------------------------- Pareto Corporation Consolidated Balance Sheets ------------------------------------------------------------------------- March 31 December 31 As at 2009 2008 ------------------------------------------------------------------------- Assets Current assets Accounts receivable $ 13,607,256 $ 16,460,617 Inventories 2,209,544 1,746,355 Prepaid expenses 707,957 466,040 Current future income tax assets 44,604 38,167... (Canada Newswire)
Plain equity funds being brought back to woo investors May 6, 2009
The expert panel comprised industry barons like Abhay Aima of HDFC Bank, Ashu Suyash of Fidelity International, Rajiv Deep Bajaj of Bajaj Capital, Sandesh Kirkire of Kotak Mahindra Asset Management, Sundeep Sikka of Reliance Capital Asset Management and Vijay Venkatram of Wealth Forum. Till about a year ago, the reason for buying a particular product was its new feature. (India Times)
THE PRESIDENT'S INTERVIEW Apr 30, 2009
Land administration because, I always said that one of the things that we failed to do in this country is to bring land to play its part in the development of the national economy as a capital asset. And this is why land reform and modernisation of the land administration form part of the 7- Point Agenda because it will have a great impact on the modernisation of the national economy. (Guardian News, Nigeria)
Board Approves Fraud Detection Plan Apr 29, 2009
Department heads will follow the capital asset policy concerning the inventory of capital assets and they must monitor the use of smaller items in their departments. The measure was approved unanimously. (Missourian Publishing, MO)
Investors need to understand AS11 implications on companies' financial nos Apr 13, 2009
This Rs 1,500 crore would be distributed within the balance sheet in two ways capitalisation through fixed asset and creating a special account on liability side depending on how much of foreign currency loan has been spent for capital assets. Further, assume that the company has around $1,500 million of total loan, out of which $1,000 million has been spent for acquiring capital asset. (India Times)
Despite dwindling revenue, auditors bring county good news (3) Apr 12, 2009
9 billion in capital assets ... 9 billion of capital assets, an $81 million increase from the previous fiscal year ... "The capital asset is a major asset," Carter said. (Lake Wales News, FL)
Firm moves to keep state agencies in S. Station Apr 11, 2009
The Division of Capital Asset Management, which managed the search for the agencies' office space, has said the building in the South End, at 1000 Washington St., offered a lower rent that would save the agencies $9. 5 million over the next 10 years. (Boston Globe)
Newsweek: 6 most unusual tax deductions Apr 9, 2009
Then they can say they are selling a capital asset (like a piece of equipment or a share of stock) and pay taxes on it at the capital-gains rate (which maxes out at 15 percent) instead of the much higher income-tax rate, which tops out at 35 percent. The provision was tucked into 2006 legislation after five hard years of lobbying by the Nashville Songwriters Association International, which argued that it was only leveling the playing field. (MSNBC -- Business)
State agencies leaving lease with MBTA at South Station Apr 7, 2009
"At this time, more than any other, it's important to be competitive and to have the lowest lease cost in our space. That's our driver," said David Perini, commissioner of the Division of Capital Asset Management, which is in charge of negotiating the move. Patrick's transportation aide, after declining several interview requests last week, issued a statement after the close of business Friday expressing "concerns" with Equity Office's high bid. (Boston Globe)
Vista Gold Corp. Announces Sale of Its Allied Nevada Gold Corp. Shares Apr 4, 2009
Fred Earnest, President and COO of Vista, commented, "Since the formation of Allied Nevada Gold Corp. we have watched the progress of Allied's exploration and development programs. Allied's success in expanding and identifying new mineral resources at the Hycroft mine is very encouraging to Vista, as we are starting to enjoy similar successes at our Mt. Todd gold project in Northern Territory, Australia. Allied's recent success in reaching commercial gold production at the Hycroft mine and the... (PR Newswire)
Board of Aldermen Meets on Monday Apr 4, 2009
Resolution 2009-09 - A resolution establishing a capital assets policy for the city of St. Clair. This policy establishes any asset purchased at a cost of $5,000 or more as a capital asset and provides requirements for the management of said capital assets. (Missourian Publishing, MO)
US expands inquiry into DiMasi friends Mar 27, 2009
Vitale's lawyer, Martin Weinberg, said there was nothing irregular in the Transportation Building contract, which was granted by the state Division of Capital Asset Management. "There was absolutely no legal or ethical wrongdoing in the selection of Genesis to manage the Transportation Building," said Weinberg. (Boston Globe)
Flat rate scheme warning VAT on the sale of assets by Neil Warren Mar 23, 2009
The key issue is that when the FRS legislation was drafted, the regulations excluded the sale of capital assets where input tax had been claimed (input tax can be claimed by scheme users on a capital asset if it costs more than 2,000 including VAT) ... But the legislation is silent on excluding any sales of exempt capital assets from FRS calculations. (Accounting Web, UK)
Housing gains through tax incentives Mar 20, 2009
Holding a property for three years and more makes it a long-term capital asset and eligible for various tax incentives under the Income Tax Act. Continued. (India Times)
Pure Energy Services Ltd. Announces Results for the Year Ended December 31, 2008 Mar 19, 2009
8 million in capital asset additions from 2007 combined with the $27. 4 million in capital assets added throughout 2008. (CCNMatthews Press Releases)
Cash in on love of the road Mar 18, 2009
America's failure to build and repair the roads and rails it needs, says Robert D. Atkinson, is "emblematic" of the mess we're in: "We're a generation that has been irresponsible, and we're passing on a degraded capital asset to our children.". But after spending the past 24 months leading a congressionally mandated task force on transportation, Atkinson also has some good news: It's possible for Republicans and Democrats, through a process of respectful conversation and investigation, to form a... (Albany Times Union)
Shelby: CITI is problem child... Mar 9, 2009
"I think a plan has been laid out," she said, "What they're doing is they're doing this evaluation to look at the strength and the weaknesses of each of these banks so we know what's there, and then they're going to have those capital asset funds available to help them stay liquid, the big banks. But I think this is a matter of continuing to look aggressively at how we can help without wasting taxpayer money.". Sen. (The Drudge Report)
DOLLARS AND SENSE: Cutting losses to lower taxes Mar 6, 2009
Every time you sell a capital asset including: stocks, bonds, mutual funds, investment real estate, even collectibles, there is likely a tax impact ... One key factor in determining just what tax rate applies to your sale of a capital asset is the length of time you have held it. (Bolton Common, MA)
Zedi Inc. Announces 2008 Financial Results Feb 18, 2009
Zedi as well reports on recurring revenue as a percentage of the Company's total cash expenditures, which in addition to operating expenses includes deferred development and capital asset purchases, and reports 101% for 2008 up from 72% in 2007. The Company believes that these two measures are significant indicators of performance and sustainability. (CCNMatthews Press Releases)
Column: Cutting losses to lower taxes Feb 8, 2009
Every time you sell a capital asset including: stocks, bonds, mutual funds, investment real estate, even collectibles, there is likely a tax impact ... Know when to hold One key factor in determining just what tax rate applies to your sale of a capital asset is the length of time you have held it. (Hopkinton Town Crier, MA)
