Figuring out the "GAAP"

Several Companies that seem to be healthy profit making enterprises as per the governing accounting standards are seen as loss making when reviewed under US GAAP.
This has lead to several doubts in the minds of investors. In order to understand these radical changes it is essential to examine the differences in Indian and US Accounting practices.
The issue also raises a significant question- if profits are lower under US GAAP, why are Indian companies making a beeline to publish accounts under US GAAP? more

New scheme BOT invites Bids for Highway upgradation

As many as 16 overseas builders and 13 domestic players are vying for the Rs. 120 billion projects commissioned by the MORT&H under the Build-Operate-Transfer (BOT) scheme. This spate in infrastructure activity comes alongside a Delhi-based Institutes study that links better infrastructure with improvement in rural socio-economic lifestyles... more

Regulations on service tax - A clarification on "Business Auxiliary Services"

As per the new service tax regulations introduced by the Government of India in the Finance Act 2003, "Business Auxiliary Services" were brought within the purview of taxable services.
Certain issues were raised regarding the scope of the definition of Business Auxiliary Services. These have been clarified through subsequent service tax notifications, which are of special interest to call center and medical transcription centers who have been exempted from service tax... more

Special Economic Zones V/s Export Oriented Units-
A comparison of schemes for setting up a manufacturing-export base in India

A foreign investor, intending to set up a manufacturing-export base in India, may set up its unit under a Special Economic Zones (SEZ) Scheme or under an Export Oriented Unit (EOU) Scheme. Both SEZ and EOU Units are entitled to certain tax and non-tax benefits in India... more