Community & General Articles
Functional Currency under IFRS and its Implementation
This article covers the Functional Currency aspect differentiating with Presentation Currency as laid in Ind AS 21 i.e. IAS 21, which is totally new concept when India converges to IFRS. Introduction India has laid do
The Role of short term sensations in the long term investment
In the digital age, the current affairs reach our living room 24*7. The power of internet and social media makes the news and rumours spread like a wildfire. Because of this information overload we become so focused on details that we begin to ign
The Power of Effective Communication
Speaking what the other wants to hear! A short True Story from our pre-historic times: In between the grand lunch, accompanied by Kings of all neighbouring Kingdoms, where the most exquisite and the tastiest foods
Pure Economics: Re - Presenting Poverty
Few days ago I got stunned when I had a privilege to read a Latest (well it has published one year ago) book commenting on Poverty and the ways to end it. The Book is titled as POOR ECONOMICS: Rethinking Poverty and ways to end it, a
Kindness of a Stranger
It was 2004 and I was barely 18 when I came to India for my studies from Nepal. Having studied Science till 12th, I had planned on going to the United States
Fishing inquiries unconnected with reasons
It is generally seen in the reassessment proceedings u/s 147 of Income Tax Act, 1961, the assessing officers tend to make inquiries and ask ques
The Champion in Me
I was 2 days old & was surrounded by all kinds of people. Someone was a millionaire, someone was a business tycoon followed by people of all different caste & creed & everyone laughing on me. I looked u
India's Reform Path: 21 Years on
The one word cover story of the Worlds Most Reputed Magazine set a lot of hue and cry a few days ago! It was the biggest humiliation when the real architect of 91 economic reforms was accused of being Underachiever. All said and done!!! Even
First Interview bubbles
First Interview: Your interview has been scheduled after two days on Wednesday 1st March 2012 at 12.30pm IST.Hearing this cold blood runs through your spine. Within hours the entire neighborhood, family, friends, relatives kn
Clause 36(1)(viia)
Many banks are in the state of confusion that they cant take the benefit of both the section 36(1)(vii) and 36(1)(viia) of Income tax Act. In this article I have tried to explain logically by historical approach of these sections. [1] FOR
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