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 [...]

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 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 [...]

Dear fellow Chartered Accountants..!! I was wondering what if a client denies you of the Professional fees for the services that you have extended to him..?? What if the cleint does not pay the audit fees in time or uses dilly-dallying tactics in paying the same. This has been often observed that the client does [...]

Finaly there is some good news for the hi-fliers (people who fly often). The cost of flying is likely to get cheaper provided the airlines operator pass the benefit to the consumers. The civil aviation ministry has moved a Cabinet note on civil aviation policy in which it proposed, among other things, shifting aviation turbine [...]

The massive growth in all the sectors of the economy has brought with it lot many job oppurtunities and this has infact let to a considerable amount if labour turnover. As i look around me, i see a lot of people changing jobs, moving around or putting up papers. I see people moving for frivolous [...]

Here’s news for aspiring Chartered Accountants (CAs), not least because salaries being paid to CAs are shooting through the roof. An estimate worked out by the Institute of Chartered Accountants of India (ICAI) has underscored a marked increase over last year on multiple fronts – the overall pass percentage at the final level, the number [...]