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Auditors under the Companies Act, 2013
The Companies Act, 2013 (the Act) has changed the role of auditors in companies, seeking greater transparency and corporate responsibility. Past serious financial frauds and scandals especially Satyam Scandal has exposed glaring gaps in
Direct and Indirect Tax Proposals in Budget 2014
DIRECT TAXES PROPOSALS: Personal Income-tax exemption limit raised by ` 50,000/- that is, from 2 lakh to `2.5 lakh in the case of individual taxpayers, below the age of 60 years. Exemption limit raised from ` 2.5 lakh to ` 3 lakh in the case o
What are the key features of Budget 2014-2015?
THE CURRENT ECONOMIC SITUATION AND THE CHALLENGES Decisive vote for change represents the desire of the people to grow, free themselves from the curse of poverty and use the opportunity provided by the society. Country in no mood to suffer une
Directors Special: Section 189 of the Companies Act, 2013
There are around twenty one statutory registers to be kept by companies pursuant to the Companies Act, 2013. All the registers, records, minutes, books and paper, documents etc. (herein after collectively mentioned as the records) to be
Life is a fun Ride, its not a race - its Lifunride
Why this Article?This article is written for simple reason that we have forgotten to learn from simple events in life, though they are simple events but the lessons that may be learnt from them can be so profound that it can prove to be life changing
The Great Expectations
The launching of all programs depends first and foremost on the resources of the treasury. (Arthashastra, Kautilya) Therefore for a robust economy, a progressive budget is an imperative. The count down for the budget has be
Budget 2014: Numbers that will matter the most
10th July, 2014 is the day Finance Minister Arun Jaitley will present maiden budget of Modi government. Emphatic election win on the backdrop of massive campaign which promised moon to the citizens means the hopes from new government is very high. Bu
Budget wows: Why one who pays tax only suffers?
Karniti Part-44: Why one who pays tax only suffers? Arjuna (Fictional Character): Krishna, currently everywhere discussions are going on about the upcoming Budget. But Krishna, most of the taxpayers feel that the tax burden should be minimize
Open letter to Prime Minister
Respected Prime Minister Sri Narendra Modi Ji, Im a mediocre salaried class always dream to own the things which I aspire or looks around.In the new age mass communica
5 advantages of using cloud accounting software
Any business can be managed efficiently by using business automation software. There are 2 types of software which a business owner can utilize namely Desktop software and Online software (Cloud software). Traditionally Indian companies have been use
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