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Lesson from this financial crisis

Posted by Miss Komal Mantri 11 October 2008 7153 Views

Interesting and valuable reading ------------------------------------------------------------------------------------------------------------------------ LATELY, I have been thinking a lot about the Lehman crisis . Spending money that they didn't ha

Audit Committee

Posted by Ravikumar.G 11 October 2008 10461 Views

The provision of Sec 292A of the Companies Act, 1956 regarding the constitution and functioning of an audit committee:1. Every public co having paid up capital of not less than 5 crores of rupees shall constitute a committee of the Board known as &qu

Environmental Audit

Posted by Ravikumar.G 11 October 2008 16477 Views

Environmental reporting deals with the disclosure by an entity of environmentally related data like environmental risks, impacts, policies, strategies, targets, costs etc to those who have an interest in such information as an aid to enabling / enric

Negotiation Skills

Posted by CMA Jitendra Singh 08 October 2008 6790 Views

1.Don't be afraid to ask. Negotiators often fail to raise an issue because they don't think they have a chance of success. Don't be afraid. Not only do good negotiators ask for everything they want, they also make sure they don't end up with somethin

Deemed Dividend over Closely held private companies

Posted by CMA Jitendra Singh 08 October 2008 19428 Views

DEEMED DIVIDEND body { font-family:Arial; font-size:12px; }p { font-family:Arial; font-size:12px; }div { font-family:Arial; font-size:12px; } The concept of Deemed Dividend under the Income-tax Act, 1961(the Act) i

Sub-contract

Posted by Vasanth Kumar J K 08 October 2008 23028 Views

Back to Back Contract – Case Study Works Contract subject is a maze of complexities. The judgments given by courts contradict in such a manner that the dealer is perplexed. Case: Mr. M is a main contractor. He receives contract from Mr. C (cu

Accounting experts push fair value rules

Posted by CA Himanshu Awasthi 06 October 2008 7902 Views

There will be no let-up in the use of fair market values for banks’ holdings, even in illiquid markets, according to international accounting rulemakers.The stance came in a draft paper published on Tuesday by an expert panel convened by the In

Common Credits- Confusion Galore

Posted by Madhukar N Hiregange 03 October 2008 8954 Views

Cenvat Credit Restriction under Rule 6- Confusion Galore Madhukar N Hiregange, FCA The credits under central excise and service tax have witnessed a number of changes over the years. First in 2002 Service tax credit was allowed within the service,

How to calculate SENSEX

Posted by Ravi Satpal 02 October 2008 25381 Views

The Sensex , an abbreviation of the BSE sensitive index, is a market capitalisation-weighted index of 30 stocks representing a sample of large, well-established and financially sound companies. It is the oldest index in India and has acquired a uniqu

company auditor

Posted by CA Ankur Mittal 02 October 2008 74350 Views

AN OVERVIEW RELATING TO AUDIT UNDER THE COMPANIES ACT, 1956 Audit of Annual Accounts of a company is compulsory and is indispensable part of incorporated business. Those who carry on business with the other people’s money have to be accountabl