Forum4CA – A unique discussion platform for the Chartered Accountants, Company Secretaries, Cost Accountants and geeks of finance, audit and taxation. Forum4Ca can boast of being Indias first ‘BLOG’ of its kind. A ‘Blog’ where its members can put forwrad thier views and ideas of their interest. Blogging is going to be the next big [...]

I have observed while working that we executives spend 14th of our average working day over the phone either attending or making calls. Tele-talking or telecon is an important part of our working schedule. The importance of the Graham Bell’s invention cannot be ignored in todays business world as it has made the world come [...]

HIGH COURT ORDERS F Amount received after resignation from former employer for not accepting employment in rival concern not assessable as salary : B. K. Kotru v. CIT (Bom) p. 1 F Tax not deductible by assessee on amount paid as hire charges for taking temporary possession of ships : CIT v. Poompuhar Shipping Corporation [...]

Hi everyone, I am interested in knowing about KPO Activities for Chartered Accountants in India. Which countries outsource, what type of work is outsourced and what infrastructure in terms of physical and human resource is required to start this activity… Regards, Darshan Bhutwala

In a major boost to Indo-Gulf trade and economic ties, India and the Gulf Cooperation Council (GCC) countries have decided to finalise the bilateral Free Trade Agreement (FTA) by early 2007. “We have also agreed to expand the scope to include Services and Investment, thus making it a Comprehensive Economic Cooperation Agreement instead of a [...]

[PTI] In a land mark move state Government of Maharashtra is offering a relief to exporters. Maharashtra Finance Minister Jayant Patil has assured that the refunds of the Value-Added Tax (VAT) to exporters in the State would start within four months. Notably, exporters, who have no liability under VAT, are supposed to apply for the [...]

Allaying fears expressed by activists about potential risks to food security from the Indo-US deal on farm sector, Agriculture Minister Sharad Pawar today said the pact will benefit both the economies through collaborations in the emerging field of research and education. “We are happy about the deal,” he said on the sidelines of an ICAR [...]

The last decade has seen a boom in the television news channels. Many news channels have come up, giving news 24*7 hrs. There has been an increase in the level of awareness of the people, more accessibility to the happenings, and more say of the masses in the matters alongwith more transparency, exposure, and involvement [...]

It takes two to tango and the Indian stock market has found a partner in Pakistan. On Tuesday, Karachi Stock Exchange’s KSE-100 ended on 11,130, after touching an intra-day high of 11,223 on a day that saw the index touching a low of 11,008. The BSE Sensex in India, on the other hand, closed at [...]

The Finance Bill 2006 has been passed by the Lok Sabha today. Consequently, certain changes have been made in the direct and indirect tax provisions of the Bill. Details of these changes are as under:/strong> Direct Taxes Clause 16 of the Finance Bill, 2006 proposed that deduction under Section 80C of the Income-Tax Act shall [...]