CAclubindia Articles
VAT and Sales Tax System - A Comparative Analysis
Value Added Tax and Sales Tax: A Comparative Analysis Preamble Value Added Tax (VAT) is a system of indirect taxation which is currently employed by nearly 136 countries across the world. In India, VAT, being a current tax reform, captu
Life as an Articled Assistant
I am addressing to all the students who are or are going to become Articled Assistant. Remember, your life will start at office and this is the time to grab the opportunity to learn. There is a popular adage, "I wanted to learn but nobody taught me"
Auditing needs to become global
European investors today regularly invest across national borders. In order to safeguard their interests, the European Commission (EC) is concerned about the regulation of non European Union (EU) audit firms and has proposed principles for such regul
Women directors can bring great value to corporate India's boardrooms
D Murali "It is not enough for best-employersand HR (human resource) leaders to simply focus on increasing the'number' of women in the workforce - either at the entry-level or atthe mid-executive level. The priority should also be on including women
Balance Sheet of Life.. an accountants perspective
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
Tax implications of offshore derivative instruments
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
Five key issues in FBT guidelines on ESOPs
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
Note on Retainership of Consultant
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
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
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
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