Fuelled by the Reserve Bank of India keeping interest rates stable, the benchmark sensex zoomed for the second day in a row to close at a new high of 11,821.57 points on fund-based buying. Reserve Bank today kept the interest rates unchanged to sustain the investment boom, as it forecast a 7.5-8 per cent growth [...]

[Tips by By Ray Prince who is a UK based Financial Planner] Well, here we are again. The start of a new tax year is upon us, bringing with it many opportunities to save tax (legally) and keep as much of your money in your hands, and away from Gordon Brown’s. The budget was a [...]

[An informative article on Sales Audit by by Paul Lemberg specially for forum4ca. Business Coach and Strategist, Paul Lemberg is the President of Quantum Growth Coaching, the world's only fully systemized business coaching program designed to create More Profits and More Lifeâ„¢ for entrepreneurs.] Last week, one of my clients–we’ll call him Rick–had a demo [...]

The count down begins ! Government to announce the new Foreign Trade Policy on 7th April 2006 , As per Union Minister for Commerce and Industry Kamal Nath would focus mainly on attracting Foreign Direct Investments (FDIs) and generating employment for the youth. The Minister said he was optimistic of a 75 per cent growth [...]

INDIAN ACCOUNTING STANDARDS COMPLIANCE CHECKLIST Objective of the checklist The checklist is designed to verify compliance with Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI) and can be used by accountants, auditors, audit committee members, etc. When a more thorough understanding of a Standard is needed, reference should be made to [...]

You will be surprised to know that 8th wonder is hidden in our text books. YES ,same supposed to be boring text books. Go to your study table and search for your financial mangement book which you might have dumped long ago in case you passed the exam. Search for it ASAP , as it contain 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 [...]

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 [...]

HIGHLIGHTS OF THE BUDGET SPEECH OF SHRI JAYANT PATIL, FINANCE MINISTER OF MAHARASHTRA PRESENTED TO THE LEGISLATURE ON TUESDAY, THE 21ST MARCH 2006 PART I Economic Review of Maharashtra * Decrease in annual rate of inflation compared to last year. * Gross State Domestic Product is estimated to rise by 8.6 percent during the year [...]