Articles by CA Nikita

Seven habits of highly effective equity investors

CA Nikita 13 October 2007 at 21:53

Retail investors must understand that the present frenzy on stock markets is largely confined to big companies, and that the high prices are due to massive FII (foreign institutional investor) buying in large companies, cautions Mr Kanu Doshi, a Mumb

Accounting savvy a ticket to the world

CA Nikita 10 October 2007 at 18:48

Now with Engineers Without Borders, Malcolm McArthurchose a profession that took him from Kabul to the streets of Rio deJaneiroFunny, that a man with a mind for mathematics should end up living his life guided by serendipitous signs.Thefirst sign cam

Stay outside Taxman's radar- avoid cash gifts!

CA Nikita 09 October 2007 at 11:50

A fool judges people by the gifts they give him, says a Chinese proverb. The proverb would not stand its ground in India, thanks to the taxman extending his cold fist towards gratuitous amounts dropped in your pocket. Over the past years, India has w

Tone up the IT Act!!

CA Nikita 07 October 2007 at 21:58

The next Budget is some months away but already the air is rife with expectations, what with the Finance Minister announcing the arrival of a new income-tax code before end-2007. The Companies Bill, 1993 and the Companies Bill, 1997 flattered to dece

FILLING LOWER TDS? GET READY FOR A CALL FROM I-T

CA Nikita 04 October 2007 at 21:03

Individuals trying to evade taxes by getting a lower tax deducted at source may soon get a call from the tax collector. The finance ministry is planning to crack the whip on those trying to conceal their income and evade taxes through the system of t

AS 28 impact on OIL & GAS companies

CA Nikita 04 October 2007 at 01:12

D MuraliEven as the field personnel of oil andgas (O&G) companies continue to battle with many complexities toget us the fuel, their accounting colleagues are toiling with adifferent difficulty: how to apply the Accounting Standard on assetimpair

Public Documents as 3rd party documents under the RTI Act

CA Nikita 02 October 2007 at 22:39

How can Public Documents under the Indian Evidence Act be treated as 3rd party documents under the RTI Act to deny its access-Rajib Gupta I was always under the impression that the laws are made to infuse discipline & serve the ends of justice &a

How Performance Budgeting Can Help

CA Nikita 02 October 2007 at 22:17

21st Century Challenges: How Performance Budgeting CanHelpGAO-07-1194T September 20, 2007 As part of its work to improve the management andperformance of the federal government, GAO monitors\nprogress and continuing challenges in using\u003cbr\>\nper

How stocks market work??

CA Nikita 02 October 2007 at 18:57

It was autumn, and the Red Indians on the remote reservation askedtheir New Chief if the winter was going to be cold or mild. Since hewas a Red Indian chief in a modern society, he couldn't tell what theweather was going to be. Nevertheless, to be on

Sweeping away GAAP

CA Nikita 02 October 2007 at 14:17

Sweeping Away GAAPFASB's Herz calls for a national plan to wean U.S. companies from their current rules-based accounting system.Marie Leone, CFO.comOctober 01, 2007At an industry conference Friday morning, Financial Accounting Standards Board chairma