CAclubindia Articles

Balance Sheet of Life.. an accountants perspective

Aisha 28 October 2007 at 18:22

Balance Sheet of Life Our Birth is our Opening Balance ! Our Death is our Closing Balance! Our Prejudiced Views are our Liabilities Our Creative Ideas are our Assets Heart is our Current Asset Soul is our Fixed Asset Brain is our Fixed Deposit Thi

Five key issues in FBT guidelines on ESOPs

Mr. PURNA P 26 October 2007 at 11:09

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

Mr. PURNA P 26 October 2007 at 11:09

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

Note on Retainership of Consultant

Dayal 19 October 2007 at 13:05

Note on Service Tax - Retainership of Consultant The retainership is covered by the ambit of service tax and would be covered under the definition of Management consultant. Management consultant as defined under the statute Date of Introduction: 16.1

Seven axioms for investors

Mr. PURNA P 16 October 2007 at 13:22

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

Sensex from 1k to 19k : History

Aisha 16 October 2007 at 11:12

1000, July 25, 1990 On July 25, 1990, the Sensex touched the magical four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon and excellent corporate results. 2000, January 15, 1992 On January 15, 1992, the Sensex crosse

Rising rupee :Two sides of the coin

Aisha 15 October 2007 at 15:23

--------------------------------------------------------------------------------If we look at the rising rupee as an export burden, itis a problem. If we look at it as a source of cheapimports, it is an opportunity, says P. V. INDIRESAN.-------------

ICAI decides to introduce new AS

CA Nikita 15 October 2007 at 12:03

Corporates houses, banks and financial institutions have got just 18 months to begin the changeover to a new set of transparency, inducing accounting standards that will have a major impact on their financial statements. The new norms to classify, va

Cross border tax issues- a discussion

CA Nikita 15 October 2007 at 12:03

Last fortnight, the 61st International Fiscal Association (IFA) Annual Congress was hosted by the IFA's Japan Branch in Kyoto. Attended by over 1,200 tax and fiscal experts, comprising academicians and revenue officers from across 50 countries, IFA C

Applying VAT on international trade

CA Nikita 15 October 2007 at 00:32

International trade in services has expanded rapidly as a result of globalisation, aided significantly by the revolution in communication technology. This expansion has coincided with the global spread of Value Added Tax (VAT), with some 140 countrie