Articles by PS Prabhakar

avatarView Full Profile

IFRS - Euphoria over certain doom

  PS Prabhakar    10 February 2011 at 11:41

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

Posted in Accounts  9 comments |   11172 Views


The advent of APA in TP regime

  PS Prabhakar    08 November 2010 at 12:17

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

Posted in Income Tax |   7728 Views


IFRS in Insurance Industry

  PS Prabhakar    30 August 2010 at 11:56

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

Posted in Accounts  2 comments |   10176 Views


ICAI Elections

  PS Prabhakar    09 October 2009 at 11:35

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

Posted in Others  6 comments |   15826 Views


TRYST WITH THE DEPARTMENT - BLOOD (PRESSURE) RAISING ROUTINE

  PS Prabhakar    07 October 2009 at 18:36

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

Posted in Income Tax  10 comments |   8694 Views


WHY IFRS?

  PS Prabhakar    04 October 2009 at 18:32

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

Posted in Accounts  20 comments |   20319 Views


The bottleneck is at the top of the bottle

  PS Prabhakar    04 October 2009 at 18:32

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

Posted in Accounts  6 comments |   11280 Views