OPINION
EDITORIAL
A taxing strike
TO APPEASE THE striking transporters, there is an ominous proposal from the Finance Ministry to shift their service tax liability on to consignors, thus turning the whole concept of service tax on its head. Generally, service tax is payable by ...
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COURTS/LEGAL ISSUES
Warrant: Be on guard!
WARRANT is top news, not a House in limbo, nor the trucks off the roads. Whether or not politicians are able to come to terms with warrants, we can attempt to. `Warrant' is an official authorisation enabling the police ...
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Ensuring speedy justice Filling up vacancies
Every one of the remedies to reduce pendency in courts is within the purview of the Supreme Court. The consequence of failure to do the best it could by way of enforcing the same criteria of good governance as it rightly prescribes for functionaries in the other branches of government would be a loss of confidence in the one institution which has so far been looked up to as the undefiled fount of the immutable values the founding fathers framing the Constitution enshrined in its Preamble.
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ECONOMY
Capital formation and P&P sector The inconsistencies and adjustments
The share of the government in capital formation has fallen from 41 per cent to 31 per cent, showing that it still appropriates significant portion of household savings to carry on its capital formation activities, which mostly provide negative retur ns. If this continues, it would create an extraordinary situation, wherein the States will become much more predatory and since they have no political will to increase their income by taxes, the Centre steps in, says R. Vaidyanathan.
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ACCOUNTANCY
Don't confuse capabilities with activities, nor intangibles with unmeasurables
ABOUT three months ago, Infosys announced that its human resource value stood at beyond Rs 20,000 crore, growing by almost 100 per cent over a year. The company had deployed the Lev and Schwartz model for the ...
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A slimming exercise or simply weight shifting?
N. R. Moorthy says that the Concept Paper makes a good beginning at reforming company law but has many a glitch in its contents
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There is a trigger behind the mercies
Mohan R. Lavi on the flawed approach in SEBI's amnesty scheme
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The bull in the numbers
Some blame lies on accountants for choosing inappropriate methods of valuation, says
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To write a good opinion, you need the right mental attitude
FINISHED product of an audit is an opinion, clean or qualified, adverse or disclaimer. There is a standard lingo for opinions that is spoon-fed to CAs, and one can churn opinions year after year from a boilerplate file ...
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CARTOON
Cartoon
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LETTERS
Accounting norms
Merging companies
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