Articles by CA S.SAIRAM

MTM Loss Disallowance - Another opportunity to revisit

Posted by CA S.SAIRAM 26 August 2013 17208 Views

Derivative losses or Mark to Market losses are known to be unreal or notional and hence the taxman hates giving deduction for them. The focus seems to be on distinguishing oneself from the acco

Net Working Capital - Networking of Capital

Posted by CA S.SAIRAM 19 March 2013 35893 Views

NET WORKING CAPITAL Networking of Capital: Reduction of Net working Capital requires understanding the networking of Capital. At the threshold we all are aware that Net working capital is the difference between Current asset and Current lia

Business Loss set off under Sec.72: Widened scope

Posted by CA S.SAIRAM 12 November 2012 56188 Views

Business Loss set off under Sec.72: widened scope The judiciary does play a vital role in the economy by discerning the real intentions of the law. In this regard, the recent rulings with respect to carry forward and set off of losses in the tax law

Revised Schedule VI - Paradigm shift and Impact

Posted by CA S.SAIRAM 03 April 2012 70860 Views

The Revised Schedule VI which is to come with effect from 1.4.2011 is intended to mandate a presentation format which will facilitate showing what would have been accounted under the upcoming I

IFRS- Impact on Country's GDP

Posted by CA S.SAIRAM 02 April 2012 18141 Views

IFRS: Impact on the Countrys GDP IFRS (International Financial Reporting Standards) is not just a corporate subject but something which is of national interest. As the world turns into a Global village it is difficult for a co

Taxation Issues Coupling with IND AS

Posted by CA S.SAIRAM 08 October 2011 9233 Views

The CBDT is mounted with a herculean task of resolving the conflicts in tax law vis--vis the new born Ind AS which is set to hit the Indian economy with a flurry of technical standards. Challenges inh

OTC Forwards and Options - In Practice

Posted by CA S.SAIRAM 20 June 2011 14836 Views

OTC Forwards and Options In Practice Foreign Exchange Management involves a combination of hedging as well as profit making at the opportune time (subject to permission by regulator). Unless a country has pegged the domestic currency in te

Getting Started With Ind-AS

Posted by CA S.SAIRAM 11 April 2011 19538 Views

GETTING STARTED WITH IND-AS Most of us are now aware that the Ministry of Corporate Affairs has kick started the process of Globalization in accounting by notifying 35 new Accounting standards (titled Ind-AS) which are the current desi version of t

Relevances in Decision Making - Relevant Costing

Posted by CA S.SAIRAM 24 March 2011 16998 Views

RELEVANCES IN DECISION MAKING - RELEVANT COSTING Relevant costing is neither a cost flow assumption nor a method of costing a product. Better call it a method of costing various decisions or alternatives to compare and select the bes

Managing People - Truly a Metaphysics

Posted by CA S.SAIRAM 25 January 2011 9090 Views

Managing People - Truly a Metaphysics Uncertainty is inevitable throughout our life and managing it is the biggest challenge that we will get to encounter. One does not need a designation to boast of managing them. It is right there as an in