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Articles by Nikhil Kaushik

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Book Review 1 - Not Just An Accountant

  Nikhil Kaushik    26 December 2014 at 10:56

Not Just An Accountant - The Diary of the Nation's Conscience Keeper - Vinod Rai7 January 2009 - A normal day with business as usual turned into one of the darkest day in the Indian corporate history. The company which had as recent as September

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Posted in Audit  14 comments |   22575 Views


ICAI and Bureaucrats to Blame For ?

  Nikhil Kaushik    26 September 2014 at 10:37

So, Indian Bureaucracy Really "The Cause" of "All Our Ills" and is ICAI Responsible for Low Passing PercentageFor past few days, there have been various articles, posts blaming the Bureaucrats for everything that is wrong. Blame

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Posted in Others  41 comments |   29790 Views


Relief for Pvt Co - Advance Ruling Mechanism made available

  Nikhil Kaushik    26 July 2014 at 12:23

Established under Section 245-O of the Income-tax Act, 1961, Authority of Advance Ruling has served as one of the most stable mechanism for tax planning and compliance for Non-re

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Posted in Service Tax  1 comments |   16887 Views


New Development Bank (BRICS Development Bank)

  Nikhil Kaushik    18 July 2014 at 13:01

New Development Bank(erstwhile Brics Development Bank)The term BRICS, coined by economist Jim ONeill today reflects in the newest socio-economic bloc on the ever increasing bi-lateral and multilateral arrangements on the global map. Earlier r

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Posted in Others  8 comments |   15993 Views


Willful - Deliberate Failure to Failure to ITR

  Nikhil Kaushik    13 June 2014 at 16:57

Application of 276CC to Willful and Deliberate Failure to File Income-tax ReturnsIssueIn past one year, many assesses have received notices from Income-tax Department (Department) for non-filing of tax returns for earlier tax years such

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Posted in Income Tax |   10056 Views


PPP - Public Private Partnership /Profit for Private Partner

  Nikhil Kaushik    04 October 2013 at 11:56

PPP Public Private Partnership or Profit for Private Players?? Role of Drafting A few days ago a friend at CaClubIndia asked a query for improving drafting skills. I delved on his query before formulating my response to it. In our profes

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Posted in Corporate Law  6 comments |   10560 Views


House Rent Allowance - Rent Paid to Wife?

  Nikhil Kaushik    30 September 2013 at 12:39

House Rent Allowance - Rent Paid to Wife??(My grandmother says in Hindi, "Salary is tankha - tan means body, kha means eat). Often my clients from industry ask my advice for reducing their tax incidence. Earning a monthly salary they often end up cou

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Posted in Income Tax  10 comments |   43095 Views