Articles by PS Prabhakar

IFRS - Euphoria over certain doom

Posted by PS Prabhakar 10 February 2011 11216 Views

Oh Lord! Forgive them! They do not know what they do can be the prayers of well meaning people over the inexplicable euphoria

The advent of APA in TP regime

Posted by PS Prabhakar 08 November 2010 7788 Views

ADVENT OF APA IN TRANSFER PRICING TAXATIONp.s.prabhakarThe arena of International taxation has always been quite complex as much as it has been exciting (for tax practitioners in particular). What with residency rules, PE provisions, TP regimes, 195

IFRS in Insurance Industry

Posted by PS Prabhakar 30 August 2010 10262 Views

ICAI routinely releases Exposure Drafts on the proposed Accounting standards and of late have begun to release IFRS compliant ASs. Recently, the Exp Draft of AS 39 was released for comments. I wrote the following letter to ASB, which I thought I sho

ICAI Elections

Posted by PS Prabhakar 09 October 2009 15916 Views

ELECTIONS AT ICAIThis is elections time at ICAI, an institution that prides on the democracy practiced in getting members to the councils, at Central as well as Regional levels. I thought I should share some of the experiences (I was present during

TRYST WITH THE DEPARTMENT - BLOOD (PRESSURE) RAISING ROUTINE

Posted by PS Prabhakar 07 October 2009 8758 Views

TRYST WITH THE DEPARTMENT – BLOOD (PRESSURE) RAISING ROUTINE It is not very rarely that we see our brothers and sisters in legal or medical professions go on some kind of an agitational mode to express their displeasure against certain polic

WHY IFRS?

Posted by PS Prabhakar 04 October 2009 20411 Views

Why IFRS?It is the bane of our nation that for very many important issues, there is hardly any debate. For example, year after year, budgets are passed with no meaningful discussions in the Parliament. The writ of the interested few runs riot, main

The bottleneck is at the top of the bottle

Posted by PS Prabhakar 04 October 2009 11378 Views

The bottleneck is at the top of the bottle The satirical yet succinct quote which forms the caption of this article is that of the celebrated management guru of all times, Peter Drucker, when he was driving home the point that the source of all ills