CAclubindia Articles

Budget 2008.. A write up

Admin 04 March 2008 at 09:56

MAHESH KAPASI & CO. Mail: maheshkapasi49 @ gmail.comChartered Accountants Phone: 2686 8147

1.Income Tax 1.1 Personal Taxes: Increase in exemption limit from Rs.1.10 Lakhs to 1.50 Lakhs for the year 2008-09. Substantial benefit to Individuals. Minimum savings is Rs 4,000 for a year . No Change in the Tax rates. No withdrawal of Cess Cha

A fine balance, Mr Chidambaram

Darshu 01 March 2008 at 17:01

This Budget's emphasis on agriculture, education and health are in line with the objectives of the 11th five-year plan of increasing investments in social infrastructure. The first positive has been favourable macro-economic conditions-an 8.7

Budget 2008 Some welcome proposals under Income Tax

Admin 01 March 2008 at 16:43

Budget 2008 Somewelcome proposals under Income Tax1. Last date for furnishing returns of income is proponed by onemonth: suitable amendments are made U/s 139(1) and 115WB of the Act for fillingof the Income Tax and fringe Benefit Returns of Inco

"The CFO's first hundred days"

sai are 29 February 2008 at 09:38

A McKinsey Global SurveyChief financial officers around the world describe their first hundred days on the job as a time when most received guidance, but many had difficulty devoting enough time to their top priorities.New chief financial officers ma

GET BACK TO PROFESSIONAL ETHICS

sai are 29 February 2008 at 09:38

GET BACK TO PROFESSIONAL ETHICSNEED TO THINK OF PROFESSIONAL ETHICSThe Council of the Institute of Chartered Accountants of India Vs. Rishi K. Gupta(Chartered Accountants case No.1 of 1992) decided on 20-07-2000 by high court of Delhi under Sec. 21(6

Story of riches and revenue sharing

Ritesh.D.jain 28 February 2008 at 16:48

WITH two years to go for the introduction of a common goods and services tax (GST) in the country, the UPA government may not have sweeping changes in the service tax regime in the coming Budget. Ideally, the government ought to bring the tax rate on

How NBFCs make investment in foreign

saurabh 27 February 2008 at 10:43

Is NBFCs (Non Banking Financial Institution) make investment in foreign company....? YES, NBFCs can make investment in foreign company after getting, No objection certificate from RBI (Reserve Bank of India).Directly or through opening of branch/subs

MERGER Vs ACQUISITION

sai are 25 February 2008 at 12:40

Merger: It is a combination of two or more entities.Types :i) Forward merger: The target company receives the acquirer's stock.ii) Reverse merger: The acquirer company receives the target company's stock.iii) Subsidiary merger: An acquirer incorporat

Age not that Matters !.... But Stuff Matters !....

sai are 25 February 2008 at 09:28

The path he chose was not the beaten one. But the one less travelled.His tryst with the Internet changed his life forever. He setup Globals Inc., an IT services company at the age of 14 in San Jose, California, with the help of a friend. Now at 21, h