Popular Articles

DERIVATIVES -BASICS TYPES AND USES

Posted by jatin 27 September 2007 239910 Views

Roughly about seven years ago NSE , one of the leading stock exchanges in India(other includes BSE) inaugurated the trading in Derivatives .Though there were initial hesitation amongst Indian investors with respect to these supposedly new financial

BIG GAINS FROM SMALL TOWNS

Posted by Ravikumar.G 27 September 2007 5228 Views

Few days ago when an income-tax raid in Chirkunda, city with a population of little over 39,000 (according to 2001 Census) in Dhanbad district of Jharkhand, yielded a disclosure of over Rs 70 crore of concealed income, it made news only in local dail

DOING BUSINESS IN INDIA STILL TOUGH

Posted by Ravikumar.G 27 September 2007 4628 Views

First the good news. In the Doing Business report 2008, which is brought out annually by the World Bank and International Finance Corporation (IFC), India has climbed 12 ranks, which makes it the fastest-reforming economy in south Asia. Its speed of

GOT A GIFT FROM A RELATIVE ? NO TAX ON IT

Posted by Ravikumar.G 27 September 2007 5132 Views

It is widely known that gifts from relatives are tax-exempt. But what is not widely known at all is that gifts received even from non-relatives can also be completely exempt from income tax. Here is the complete run-down from a renowned tax expert. I

Treasury Management

Posted by Ravikumar.G 27 September 2007 10499 Views

TREASURY MANAGEMENT :Treasury Management refers to efficient management of liquidity and financial fisk in business.The responsibilities of Treasury Management include :a) Management of cash, while obtaining the optimum return from surplus funds.b) M

FEMA update and analysis

Posted by CA Nikita 26 September 2007 11005 Views

FEMA - Update and Analysis In this update, we have discussed some of the recent important amendments under FEMA:-Overseas Investment by Venture Capital Funds (VCFs) It is clarified that Domestic Venture Capital Funds registered with SEBI, have been p

MERITS OF ADOPTING GLOBAL ACCOUNTING SYSTEM IN CORE SECTOR

Posted by Ravikumar.G 26 September 2007 6618 Views

Earlier, in most countries, while public sector operators were responsible for construction, operation and maintenance of infrastructure, including toll highways, toll bridges, power plants, water supply plants, airports, sea ports, etc, such infrast

Cheque dishonoured .. wat to do??

Posted by CA Nikita 25 September 2007 6840 Views

DISHONOUR OF CHEQUE- What to Do Q1. What can I do when a cheque is dishonoured for the reason of insufficient funds. What legal action I can take to get the amount cleared?A. On the dishonour of a cheque, one can file a suit for recovery of the chequ

Scepticism on ethics all-pervasive

Posted by CA Nikita 25 September 2007 4841 Views

Whenever in the classroom I discuss contemporary principles and methods for the preparation and presentation of financial statements, with executive and students, I always see discomfort gripping the participants. They express concerns that current p

Home Loan the best way to save Tax!!

Posted by CA Nikita 25 September 2007 7075 Views

Home loan the best way to save taxTax planning, a legitimate exercise, should not be confused with tax avoidance or tax evasion. Good tax planning comprises tax compliance and availing proper tax benefits, coupled with proper analysis of the financia