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Monday, June 08, 2009
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ACCOUNTING STANDARDS: Challenges in lease accounting
Accounting for leases has always been a matter of great debate nationally and internationally. The latest attempt to settle this debate is the issuance of a Discussion Paper by the International Accounting Standards Board ...

TAXATION: Tax deduction on fully exempt gratuity
I opted for voluntary retirement after serving 20 years in a leading company. I am eligible for gratuity of Rs 2,50,000 in addition to other retirement benefits. The company says that the tax would be deducted at source on gratuity at 30 ...

ACCOUNTANCY: Mere book keepers?
Could you please comment on the following statement: "Over the centuries accounting has remained confined to the financial record-keeping functions of ...

PEOPLE: 60 Seconds Chief
...

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