CAclubindia Articles

Special Economic Zone

Posted by CA. Rayan Sequeira 10 October 2007 5054 Views

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.

Posted by CA. Rayan Sequeira 10 October 2007 6982 Views

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

Posted by CA. Rayan Sequeira 10 October 2007 27389 Views

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"

Posted by CA. Rayan Sequeira 10 October 2007 6103 Views

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

Posted by Ankit Dangayach 10 October 2007 5482 Views

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

Posted by Kamaraj Mani. N 09 October 2007 12085 Views

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!

Posted by CA Nikita 09 October 2007 7045 Views

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

Posted by CA. Rayan Sequeira 08 October 2007 3899 Views

"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?

Posted by CA. Rayan Sequeira 08 October 2007 8311 Views

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....

Posted by CA. Rayan Sequeira 08 October 2007 5186 Views

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