Articles by Nikhil Kaushik

Book Review 1 - Not Just An Accountant

Posted by Nikhil Kaushik 26 December 2014 23823 Views

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

ICAI and Bureaucrats to Blame For ?

Posted by Nikhil Kaushik 26 September 2014 30022 Views

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

Relief for Pvt Co - Advance Ruling Mechanism made available

Posted by Nikhil Kaushik 26 July 2014 17126 Views

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

New Development Bank (BRICS Development Bank)

Posted by Nikhil Kaushik 18 July 2014 16258 Views

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

Willful - Deliberate Failure to Failure to ITR

Posted by Nikhil Kaushik 13 June 2014 10395 Views

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

PPP - Public Private Partnership /Profit for Private Partner

Posted by Nikhil Kaushik 04 October 2013 10802 Views

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

House Rent Allowance - Rent Paid to Wife?

Posted by Nikhil Kaushik 30 September 2013 45232 Views

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