Articles by Mr. PURNA P

5 tips for surviving an audit

Posted by Mr. PURNA P 03 November 2007 16181 Views

5 tips for surviving an audit If you are being audited, don't panic. Be prepared and know your legal rights.1. Do your homework. Before you go into the auditor's office, get organized. Get all your papers together. Go over your return carefully. Beco

Five key issues in FBT guidelines on ESOPs

Posted by Mr. PURNA P 26 October 2007 5566 Views

Five key issues in FBT guidelines on ESOPsThere are at least five niggling problems with the new norms issued for ESOP (employee stock option) valuation, says Mr Vikas Vasal, Executive Director, KPMG. "First, in the case of unlisted companies, no par

Tax implications of offshore derivative instruments

Posted by Mr. PURNA P 26 October 2007 6034 Views

Will the proposed review of foreign institutional investor (FII) regulations about issuance of ODIs (offshore derivative instruments) have any income-tax implications in India for the foreign investors? The answer appears to be in the affirmative."Th

Seven axioms for investors

Posted by Mr. PURNA P 16 October 2007 6327 Views

For starters, it is a good policy to diversify investments across a few industry sectors to insulate against vagaries of business cycles.Retail investors must understand that the present frenzy on stock markets is largely confined to big companies, a

Sarbanes- Oxley Act of 2002

Posted by Mr. PURNA P 12 September 2007 7354 Views

Summary of SOXThe Act has 11 Titles.SECTION 1. SHORT TITLE; TABLE OF CONTENTS.(a) SHORT TITLE.-This Act may be cited as the ''Sarbanes-Oxley Act of 2002''. (b) TABLE OF CONTENTS.-The table of contents for this Act is as follows: Sec. 1. Short title;

Self-Employed Tax Planning: Tips to Save Money

Posted by Mr. PURNA P 17 August 2007 19243 Views

Navigate self-employment taxes with ease. Discover tips on estimated payments, family employment, retirement plans, and deductions to lower your tax bill.

Income Tax Planning: Strategies to Minimize Your Tax Burden

Posted by Mr. PURNA P 14 August 2007 10699 Views

Discover effective income tax planning strategies to reduce your federal tax liability. Learn about deferring income, shifting income, deductions, and investments.