Popular Articles

TAX BASE of an ASSET- I GAAP Vs. IFRS

Posted by Raja naga 23 August 2010 27946 Views

TAX BASE of an ASSET- Indian GAAP Vs. IFRS (Assuming the economic benefits that will flow to an entity when it recovers the carrying amount of the asset is taxable) Tax base of an asset as per IAS12 is “The amount that will be deductible

Exposure Draft of New Lease Accounting Standard

Posted by Vinod Kothari 21 August 2010 10796 Views

Exposure draft on Lease Accounting The end of finance-operating lease distinction All leases to come on the balance sheet Vinod Kothari It has been for several years (14 years approx) that the G4 +1 approach to lease accounting, linked to Aust

New Regulatory regime for Core Investment Companies

Posted by Vinod Kothari 21 August 2010 13019 Views

New regulatory framework for Core Investment Companies by Vinod Kothari and Team, Vinod Kothari & Company The issue as to whether non-depository companies, which are merely passive holding companies, meant for maintaining control over grou

Service tax on rentals-government & judiciary define them

Posted by MONISH BHALLA 21 August 2010 6235 Views

Service Tax on renting of immovable properties was introduced from June 01, 2007 by insertion of section 65(105) (zzzz) in the Finance Act, 1994. The scope of this levy was examined by the Delhi high court in its judgment dated 18.04.2009 delivered

Constitutional validity of Service Tax remains questionable

Posted by MONISH BHALLA 21 August 2010 15204 Views

The Constitutional Validity of Service Tax has been challenged time and again. Recently, The Maharashtra Chamber of Housing Industry (MCHI) through their Writ Petition challenged the constitutional validity of the Finance Act 2010 seeking to amend

2.GST UPDATES BY SUDHIR HALAKHANDI

Posted by CA Sudhir Halakhandi 31 July 2010 12016 Views

GST UPDATES BY CA SUDHIR HALAKHANDI-2WHY NOT NATIONAL GST??We are getting so much News about GST these days and they are related to the projections mainly concerned how the GST will change the National Economic scenario positively and further major

Impact of adoption of IFRS on Accounting Practices

Posted by CA Raj Thakkar 19 August 2010 16158 Views

IMPACT OF ADOPTION OF IFRS ON ACCOUNTING PRACTICES Basic Concept Mix of historical cost and fair valuation. True and fair over-ride In extremely rare circumstances when management concludes that compliance with a requirement in an IFRS or an Inter

Something Straight Forward to Handle Exam Stress !!!

Posted by Ankur Garg 25 April 2021 20695 Views

For some students Exam time is the most stressful part of their life. But to be honest this is not a correct thinking or approach.

Why complain about results..!!!

Posted by Nitin Soni 19 August 2010 19117 Views

Ok.. I agree the results were terribly low this time..!! So what!! Why this helluva noise over results!! It had to happen!! We knew about it.. and even if we didn’t know.. why such a panic!! CA has always been a kind of course where the res

Are there ways to gauge promoter intentions?

Posted by Equitymaster 18 August 2010 4868 Views

Are you aware that there are around 5,000 odd listed companies on the BSE? It is one of the highest in the world. And certainly this is not to our surprise (Hence no exclamation). Indians are known for their entrepreneurship. An individual or a conce