When Arun mentioned the term blogging to me, little could i make out of what it is. But later on as he introduced me to this whole new way of expressing your thoughts and ideas, the more exciting and interested it seemed to me. I always wanted to say a thing or two bout whats [...]

Doctors, Medicos, Lawyers have instantly adopted blogs and now its the turn of us accountants. But if one may ask what does a blog have to offer to the accountants the prompt answer which comes to my mind is discussion of ideas, participation, expression of views and thoughts.
But thats not the end of the road. [...]

SOMETHING ABOUT FORENSIC ACCOUNTING-
1. During the General course of the Audit of any client, whether belonging to any Class or Level, there exists some common accounting auditing situations. Some of them are:
i. Payroll Accounting.
ii. Expenditure Audit.
iii. Vendor Payroll.
iv. Receivables.
2. It’s been seen during the past years that the Frauds relating to these areas are of a routine nature as well as [...]

The Ministry of Finance is working to phasing out the direct tax exemptions like housing loans, tax concession on PPF and LIC and scholarships for education, backward area concessions for industry, long term capital gains and concessions for agricultural income.
These exemptions have been put on notice by the government, for eventual phase out. Further, the [...]

Industry body Assocham has sought a review of MRTPC directive to Mahyco-Monsanto for revising royalty charges of its genetically modified Bt cotton seeds, saying this would affect farm and biotech industry.
“The order of MRTPC in this case is inappropriate and will be a setback to both the agricultural and bio-technology industry in India,” it [...]

Good morning.
Dear friends,
Volatility will reign…
…supreme
It is for the third time that markets have seen deeper corrections and bounced from pits in past 30 trading sessions. Is it the intrinsic strength?? Or should sebi take a look into this staged drama???
We believe regulatory authority is hand in glove with the manipulators and so do not expect [...]

The way the indian economy is progressing, there is a large scale liberalisation going on. And simultaneously, it is getting integrated with the global economy. Today, the scenario is such that that the business has taken over the politics. A lot of Multinational Companies (MNCs) are looking forward to invest in India or are wanting [...]

Gallons of water was rained on the budding future of our country yesterday. The ‘Future of this nation’ (students) were angry over a stupid politicians action. The Politician who..?? MR Arjun Singh who brought back the memories of a decade old Mandal Commission. The action…Reservations and Quotas for the OBCs in colleges, universities, private firms, [...]

India Inc has witnessed a number of IPOs (Initial Public Offering) in the last one year. Every one and anyone seems to be comming up with an IPO in a bid to encash the buoyancy of the market conditions. Experts say that it is a good move on the part of the promoters of the [...]

Now, here is the news for someone who thinks that India has a very high tax structure. The German cabinet passed a proposal that will increase the income tax rates to 45 % and also drawback the tax benefits.
According to the Government, the plan is part of the effort by Chancellor Angela Merkel”s left-right [...]