If you are investing in shares and availing benefit of sec 10 (38) which exempts long term capital gain on shares, there is a bad news for you. CBDT has considered a proposal to limit the scope of exemption only to companies constituting BSE 500 index. This is done to prevent any misuse of section, [...]

After IIM, IIT, AIIMS, now it is turn of ICAI, the Institute of Chartered of Accountants of India. ICAI has joined the list of prestigious institute of India for wrong reasons. For the first time in history of ICAI, the papers of entrance examinations (CPT) were leaked 15 minutes before the examination. The examinations were [...]

When Mr. Rakesh Jhunjhunwala made a prediction in 2005 that Sensex will cross 25000 by 2010 we mocked at him attributing his statement to lack of experience in stock market. As sensex kissed the magical figure and closed yesterday above 15K for the first time, the research analysts are forecasting a safe and steady ride [...]

Telecom Industry is changing at a great pace as technology plays a great role in this industry. In the recent past many initiatives and reforms are undertaken by Telecom Regulatory Authority of India (TRAI) and telecom operators as well. We are far ahead some of the telecom companies spread around the globe in terms of [...]

There had been talks going round since last couple of months to recognize IFRS for all the foreign companies listed in US Stock Exchanges. As speculated the good news is that all foreign companies listed in United States are no more required to follow US GAAP. The companies are now given the option to file [...]

India is the third largest market for telecommunication industry in the world after China and US, adding close to seven million subscribers every month. With a tele density below 20%, telecommunications has huge potential market in India. This makes Vodafone bet heavily on the Indian market. Mr. Sarin, CEO Vodafone who took over Hutch India [...]

As of now, IFRS is the buzz word in International arena and it spreads its wings to Korea, after gaining so much popularity in SEC camp. South Korean finance minister revealed a plan towards adoption of International Financial Reporting Standards. A grace period of two years for switch over is given to organizations that are [...]

Finance Minister is happy that Tax GDP ratio of our country is improving. What makes the Tax – GDP Ratio better? Any guesses! Better tax compliance by the citizens of country is one of the reasons for improvement in Tax – GDP ratio. We can put it the other way round that any form of [...]

The climax scene of much controversial novel by Khuswant Singh, “ Train to Pakistan” came to real picture on Sunday night. Something that is dreadful to read was going on live on Samjhauta Express. I cannot even imagine how painful it must be have been for those who boarded on the train on the terror [...]

The capital of biggest democracy in the world has come out with an admission policy that is a nightmare for all the parents who want to provide best education to their child. If you are a Delhite and had not been to a convent school please give all thoughts of providing the best to your [...]