Articles by CA Nikita

Closed ended fund a better bet!!

CA Nikita 28 September 2007 at 15:05

Better `closed' September, 27th 2007 The market regulator SEBI (Securities and Exchange Board of India) is rightly concerned about the mushrooming New Fund Offers (NFOs) by mutual fund houses in India which have been receiving enthusiastic response f

A woman's place is in the firm!!

CA Nikita 28 September 2007 at 15:05

A Woman's Place Is in the FirmAccountancies Ernst & Young, KPMG, and PwC all place in the top 10 in a best-workplaces survey by Working Mother magazine. Where's Deloitte?Three of the Big Four auditing firms - Ernst & Young, KPMG, and Pricewat

FEMA update and analysis

CA Nikita 26 September 2007 at 22:55

FEMA - Update and Analysis In this update, we have discussed some of the recent important amendments under FEMA:-Overseas Investment by Venture Capital Funds (VCFs) It is clarified that Domestic Venture Capital Funds registered with SEBI, have been p

Cheque dishonoured .. wat to do??

CA Nikita 25 September 2007 at 22:29

DISHONOUR OF CHEQUE- What to Do Q1. What can I do when a cheque is dishonoured for the reason of insufficient funds. What legal action I can take to get the amount cleared?A. On the dishonour of a cheque, one can file a suit for recovery of the chequ

Home Loan the best way to save Tax!!

CA Nikita 25 September 2007 at 15:51

Home loan the best way to save taxTax planning, a legitimate exercise, should not be confused with tax avoidance or tax evasion. Good tax planning comprises tax compliance and availing proper tax benefits, coupled with proper analysis of the financia

Scepticism on ethics all-pervasive

CA Nikita 25 September 2007 at 15:51

Whenever in the classroom I discuss contemporary principles and methods for the preparation and presentation of financial statements, with executive and students, I always see discomfort gripping the participants. They express concerns that current p

Risk & Compliance

CA Nikita 23 September 2007 at 02:18

Risk & ComplianceSushil Kumar Nahar of Wipro Technologies spoke about risk and compliance.Sushil Kumar Nahar Compliance is for a long time a worldwide requirement. There are multiple frameworks, standards, regulations and overlapping compliance r

Dividend Stripping!!

CA Nikita 22 September 2007 at 18:43

What does dividend stripping mean? It refers to a practice of buying shares of a company or units of a mutual fund just before the record date for declaring a dividend, receiving the dividend and then selling the security/unit after the record date.N

Sec-263 a thorough study!!

CA Nikita 22 September 2007 at 17:01

When cannot section 263 be evoked? Section 263 cannot be evoked in the following cases:- An assessment order can not be re-opened if there is no jurisdictional error in the order. The order of the AO can not also be revised if it has

Identifying Risk

CA Nikita 15 September 2007 at 15:07

Identifying RiskBy Kallman, James Creating a risk management program is a critical prerequisite to measuring risk. But once we have a clear understanding of our organization's goals, the risk associates who will help and the standard operating