CAclubindia Articles

Special Economic Zone

CA. Rayan Sequeira 10 October 2007 at 01:51

First Singur and then the Nandigram violence have hit the headlines of every national daily. Dailies reported that West Bengal police have shot dead farmers in Nandigram - the issue underlying the killings is the agitation by the farmers to stop the

PRIVATE EQUITY FUNDS-AN ALTERNATIVE FUND TO FUND BUSINESS.

CA. Rayan Sequeira 10 October 2007 at 01:51

The concept of "business finance" has been refined to the form it stands today from the bygone "Baniyas' System", where investment needs of business were funded through pledge of personal properties. With the increase in the enterprising attitude of

COMPROMISE UNDER VAT LAW

CA. Rayan Sequeira 10 October 2007 at 01:51

The word "composition" denotes mixture of more than one character. In general sense "composition" is an agreement between the parties where one party agrees to pay less than what has agreed in full satisfaction of the whole of the claim. Therefore

Power of "Will Power"

CA. Rayan Sequeira 10 October 2007 at 01:51

The degree of success varies from person to person in battle of life. A person's success or failures is directly proportional to the degree of efforts he puts in. The efforts are only because of the strong desire and will-power of a person. Now what

No consistency in PE income attribution

Ankit Dangayach 10 October 2007 at 01:51

No consistency in PE income attribution There has been a debate on the taxability of turnkey contracts where portion of a contract is executed outside India. In Ishikawajma-Harima Heavy Industries Ltd case, the Supreme Court, in 2006, ruled that mere

Financial Instruments

Kamaraj Mani. N 09 October 2007 at 17:21

Company faces many kinds of risks like unanticipated changes in demand, selling price, costs, taxes, interest rates, technology, exchange risk, etc. As a result of this, profitability of the company is going against the nature. Risk management is no

Stay outside Taxman's radar- avoid cash gifts!

CA Nikita 09 October 2007 at 11:50

A fool judges people by the gifts they give him, says a Chinese proverb. The proverb would not stand its ground in India, thanks to the taxman extending his cold fist towards gratuitous amounts dropped in your pocket. Over the past years, India has w

Unlocking the Budget Code

CA. Rayan Sequeira 08 October 2007 at 21:33

"It is my privilege to present the Budget for 2007-08" were the words of our honourable finance minister Shri P.Chidambaram as he set the ball rolling & opened the yearly mystery package, generating a wave of curiosity across the nation as to wha

Eliminating The Audit Expectations Gap: Reality or Myth?

CA. Rayan Sequeira 08 October 2007 at 21:33

A gap between the auditor's actual standard of performance and the public expectations of auditor's performance."Blessed is the man who expects nothing, for he shall never be disappointed" is one of the famous quotes by Alexander Pope what we had bee

Enrooting to Alternatives....

CA. Rayan Sequeira 08 October 2007 at 21:33

What happens if you are in need of money but bounded by laws & restrictions??? What would you do, if someone appreciates your work & is ready to avail funds for you to improvise & innovate your ideas.... & you cannot take it due to res