Fair Value Stumps Auditors, PCAOB ToldAuditors won't feel at ease about dealing with fair value foranother 20 to 30 years, the PCAOB's advisory group predicts.Sarah Johnson, CFO.comJune 22, 2007The Public Company Accounting Oversight Board's advisory
CHENNAI, JUNE 25, 2007 : VEAI NNIRADNirmala was a heartthrob ofTamil cinema and a favourite of MGR. She took a loan of Rs. 4,65,000from the AIDMK in cash and was awarded a sentence of two yearsRigorous Imprisonment in addition to a fine of Rs.4,65,00
On the face of it, the information and broadcasting ministry's proposal to ask television channels to appoint auditors is a good one. It keeps the government off the channels' backs, and there will not be incidents of the type where the I&B minis
Restricted service fields can gain the most through freer rules for competition The institutional structures of a modern economy owe much to the learned professions-such as the accountants, lawyers, engineers and architects. Upon these professions re
Paying taxes has never been simpler with the authorities introducing the mechanism of online payment. The use of electronic means to deliver services is not only an efficient and speedy process, but it also facilitates a transparent process for disse
The increase in the dividend distribution tax (DDT) rate in the Finance Act 2007 was viewed sceptically by the industry. The levy of minimum alternate tax (MAT) on the IT sector, which is enjoying tax deduction under section 10A/10B of the Income Tax
The Global warming - How bad it is for India The fact that it is the first time that I am using the channel to write about some thing which has nothing to do with taxation , itself implies the seriousness of the issue and how it concerns us all . It
Pricing of cross border supplies of goods and services assumes significance for the purpose of determining customs duties thereon and also for ascertaining the income tax liability of the person undertaking or receiving cross border supplies. It ther
Distinction between shares held as stock-in-trade and shares held as investment - tests for such a distinctionCIRCULAR NO. 4/2007, DATED 15-6-2007 The Income Tax Act, 1961 makes a distinction between a "capital asset" and a "trading asset".2. Capital
June, 14th 2007Charitable and religious entities -Amendments to rules providing tax exemption The Ministry of Finance explained the relevant changes made to the Income Tax Rules 1962 that provided tax exemption to charitable and religious entities. T
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