Foreign shareholders own almost a third of corporate India. The collective foreign holding through foreign promoters, foreign institutional investors (FIIs), overseas corporate bodies, non-resident Indians and holders of global depository receipts and American depository shares in Indian companies was 29.70 per cent on September 30.If the focus is only on the private sector, foreign stakes [...]

India Inc has devised a plan to deal with the contentious Fringe Benefit Tax. Industry players are going to tell Finance Minister P Chidambaram to make this tax voluntary – as opposed to compulsory – for tax-paying companies.Instead of the FBT, the tax-paying companies were ready to pay 1 per cent more than their total [...]

Over the past few days, MCD has suddenly awaken out of its long sleep. Alas! after the hig court order, they have opened their eyes to the illegal and unauthorised construction all over Delhi. This illegal construction both commercial and residential had become a nuisance for the Delhihites. This had led to people making shops [...]

Liquidity in India’s stock markets has increased rapidly. One such indicator is the turnover ratio at the stock markets. The turnover ratio has gone up from 39.7% in 1995-96 to 98.1% in ‘04-05, according to an RBI analysis. This ratio indicates how often the investor churns his portfolio of stocks. A 100% turnover means [...]

In a swift action, capital markets regulator Securities and Exchange Board of India (Sebi) has eliminated Roopal Panchal, Sugandh Estates and 11 other entities from the allotment process of ICICI Bank’s recent follow-on public offering (FPO). These entities were found to be involved in alleged abuse of the allotment process in Yes Bank’s initial public [...]

Here is some food for thought for people who are opposing the VAT regime. People might be amazed to know that India has the highest indirect tax rate as found in a recent survey by Ernst & Young.
The cummulative effect of VAT (12.5 %) and Excise duty (16.32 % ) comes out to more [...]

Hi Freinds
WELCOME TO FORUM4CA. As you can see, the website is already up the net. You all can have a look on it and give me your feedback. Meanwhile, the content and the useful links will be added soon.
I request your whole hearted participation and make this website a sucess story. This website though my [...]

Hi all,
First of all I thanks all who are registered to this forum. We have 20 registered users now. All of you have taken your first step towards your contribution to healthy internet community. Remember there are lot of things money cant do
There are many junk materials are roaming around the internet. I [...]

The Central Council of ICAI is planning to grant regulatory relief on compliance with certain ICAI Accounting Standards to Small & medium Enterprises (SMEs).
This is a much awaited and welcome step from the institute as certain Accounting Standards should be applicable to organisations only where there is separation of mamangement from ownership.
rahul

In a bid to improve margins and operate profitably in a segment that is seasonal in nature, the soft drinks industry has asked for abolition of the Special Excise Duty (SED) of 8 per cent on aerated soft drinks in the forthcoming budget. Though the industry sources say that the argument is fairly simple but [...]