Articles by CA Nikita

Do's & don'ts of working with Auditoes

Posted by CA Nikita 15 September 2007 10398 Views

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

Posted by CA Nikita 11 September 2007 6550 Views

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

Posted by CA Nikita 06 September 2007 6245 Views

- 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

Posted by CA Nikita 01 September 2007 4438 Views

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

Real Estate Accounting: Complications & Facts

Posted by CA Nikita 23 August 2007 10036 Views

Explore complications in real estate accounting, revenue recognition methods, and the need for industry-specific guidance in India.

India Tax Filing: New ITR Forms Explained

Posted by CA Nikita 23 August 2007 5123 Views

Navigating India's new tax filing forms for AY 2007-08? Understand the changes, requirements, and how they impact your return. Get clarity now!

Wealth-tax (First Amendment) Rules, 2007 Explained

Posted by CA Nikita 22 August 2007 4950 Views

Understand the Wealth-tax (First Amendment) Rules, 2007. Learn about changes to rules 4A, 4AA, and forms DA & DAA under the Wealth-tax Act, 1957.

Section 54: Investing Capital Gains in One or More Houses

Posted by CA Nikita 21 August 2007 4423 Views

Understand the debate around Section 54 of the Income-Tax Act: can long-term capital gains be reinvested in multiple houses? Explore the singular vs. plural interpretation.