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Do's & don'ts of working with Auditoes

  CA Nikita    15 September 2007 at 15:05

The Do's and Don'ts of Working with Auditors by Carol WoodburySOX, PCI, ISO.. You're going to have to work with auditors eventually. Whether you're working with an auditor who's performing an internal \nor external Sarbanes-Oxley (SOX) audit, a Paymen



Doing Business in India: Budget 2007-2008

  CA Nikita    11 September 2007 at 22:53

Archana Rajaram and Daksha BaxiNishith Desai Associates, Mumbai ________________________________________The Budget presentation by the Indian Finance Minister ('FM') is an important annual fiscal event for the nation. It not only narrates the fiscal



Take Care and make ur life easier-CA's

  CA Nikita    06 September 2007 at 14:12

- At early age if the person manage to have his own residence house. He would prefer to go for that first. It will not only give the benefit of tax, but vis-à-vis offers security in life. He would also think of the following option availabl



New derivatives valuation norms to sway banks' bottomlines

  CA Nikita    01 September 2007 at 20:04

Bank balance sheets may turn more volatile on account of the new accounting rules that would change the way derivatives are valued. The central bank has set up a sub-group to look at implementation of Accounting Standard 30 (AS 30), which pertains to



Complications and Facts of Accountancy

  CA Nikita    23 August 2007 at 18:09

With the opening up of the real-estate industry, there has been an increase in Foreign Direct Investment (FDI) in the sector. According to a report by property consultants Jones Lang LaSalle, an estimated $10 billion foreign investment is expected to



Tax filing isn't easy in India!!

  CA Nikita    23 August 2007 at 17:05

The month of July is associated with the time for filing returns of income by individual taxpayers. The government has recently notified new forms for filing income tax returns. These forms replace the old ones. Any person planning to file her return



Wealth-tax (First Amendment) Rules, 2007

  CA Nikita    22 August 2007 at 18:59

Wealth-tax (First Amendment) Rules, 2007 - Amendments in rule 4A, substitution of rule 4AA and Form DA; insertion of Form DAANotification No. 216/2007 [F. No. 142/11/2007-TPL], dated 7-8-2007In exercise of the powers conferred by section 46 of the We



Draftsman dividing a house

  CA Nikita    21 August 2007 at 17:07

Two issues come up routinely for debate in the context of housing-related tax benefits. Section 54 of the Income-Tax Act, 1961 spareslong-term capital gains from transfer of a residential house fromtax if at least such gains are ploughed back or roll



CONSOLIDATED COMMERCIAL DIGEST (CCD) HIGHLIGHTS

  CA Nikita    13 August 2007 at 03:25

CCD CHAMBERSFind out answers to your queries on the following subjects:Income-taxConversion of partnership into joint stock company under Part IX ofthe Companies Act - Whether liable to capital gains tax? P. 574Liability to deduct tax at source on pa



Process for conducting Internal Audit!!

  CA Nikita    08 August 2007 at 06:45

Although every audit project is unique, the audit process is similar for most engagements and normally consists of four stages: Planning (sometimes called Survey or Preliminary Review), Fieldwork, Audit Report, and Follow-up Review. Client involvemen