Others Articles

How can good record keeping systems help in productivity gains?

Tulasi S Sastri 09 December 2014 at 11:17

After completing one of our recent Internal Audit assignments, when we analyzed the time taken, Waiting for Documents topped the list! Clients Record Keeping System was such that no payable voucher could be readily picked up. One

Profit on sale of carbon credit is not taxable receipt

Deepak Bansal 02 December 2014 at 10:59

Reliance in this regard can be placed on the decision of Hon’ble ITAT Bangalore in case of M/s SubhashKabini Power Corporation Limited vs. CIT (ITA No 258/Bang/2014) pronounced on 28th November 2014 wherein the Commissioner taking cognizance of

How do we help managers develop decisional thinking?

Tulasi S Sastri 02 December 2014 at 10:58

We recognize that decision making is an important requirement for a Manager. A document on Delegation of Authority developed by me in an organization I worked for as the head of Finance function, can give some ideas, on how we could help in promoting

The difficulty slope - is time the only factor for achievement

Vignesh Iyer 01 December 2014 at 11:12

Almost all of us face difficulties while pursuing our career or interests or ambition and after sometime we assume that these difficulties are part of the process to reach the destination or goal. Some tell us they faced the same, others tell us even

Cenvat Credit on Inward transportation

Deepak Bansal 01 December 2014 at 11:11

Can CENVAT Credit on Inward transportation be denied when there is no dispute regarding receipt of material? Reliance in this connection can be placed on the decision of Hon’ble Mumbai CESTAT in case of M/s Mahanagar Gas Limited vs. CCEx [2014-

Dealing negative cash situation in your Financial Model in the simplest way !

Ashutosh 29 November 2014 at 10:44

NEGATIVE CASH SITUTATION IN YOUR FINANCIAL MODEL?? DEAL WITH IT IN THESIMPLEST WAY! When preparing Financial Projections, one of the most important things is projecting the Cash Flow statement. At the end of Cash Flow projections, you may have a posi

Smart ways to manage your business

CA PANKAJ 29 November 2014 at 10:43

Delight one small word that can do wonders with your business and its growth. One of the most important that your customer wants is the delight-ment. Giving importance to your customer, surprising him with your products and the services in su

Take calculated risks & grow

CA PANKAJ 27 November 2014 at 13:36

Calculated risk- the word is enough to identify who are Entrepreneurs. Entrepreneurs are not risk takers, rather they are Calculated Risk takers. That differentiates them from the rest of crowd. One of the great professors Mr. Green from Babson Colle

Transfer Pricing - Flexing Muscles!

Shri Shri 27 November 2014 at 13:35

Recently the high court has ruled in favour of the Indian arm of Shell Plc in a tax case that made waves internationally in a transfer pricing case thereby affirming that it is not difficult to do business in India. The highlight is that the revenue

How do we assess the quality of Fixed Asset Record and related Controls?

Tulasi S Sastri 26 November 2014 at 10:53

Internal Financial Controls, under the Companies Act 2013, are Policies and Procedures, adopted by the company for ensuring orderly and efficient conduct of business, and among others, include, Safeguarding of its Assets. Let us see the