Tax Planning may be defined as an arrangement of one's financial affairs in such a way that there is no violation of the legal provisions of the Income Tax Act. Though it is an obligation of every citizen to pay the tax honestly under the law, the taxpayer is legitimately entitled to plan his...

EVA (Economic Value Added) better measures the wealth created by a firm during a period, than does traditional accounting earnings, by explicitly assigning a cost of equity capital and removing the distortions of accounting conventions. The fundamental premise of capitalism is that companies are...

This paper aims to examine the diversity in the treatment of accounting measurement practices and the impact of mandatory accounting standards by quantifying the harmonization level in the selected sample of listed manufacturing companies in India. Nine measurement issues of the actual...

From time to time, various tax-saving schemes are made available for the individual income tax assessees. These schemes have different features such as tax-benefit return, liquidity, safety, risk coverage, old age benefit, etc., which may influence and attract the assessees to invest. Whenever a...

In the era of modern finance, various new financial instruments have assumed significance in Indian economy. Financial derivatives are most important as well as significant among them. After their introduction in India in June 2000, financial derivatives have gained a significant ground in the...

The primary objective of Positive Accounting Theory (PAT) is to explain as well as predict accounting practices in contrast to the Normative Accounting Theories, which are prescriptive in nature and which were a dominant part of accounting research till the two controversial articles were...

The paper emphasizes the growth and development of human and social capital in the regions taken up for this study. The diffusion of human and social capital is the basis of venture capital financing in any part of the world. Firstly, the paper makes an investigation into the growth, development...

Most of the developed countries that reformed their public sector management into a results-based system have had performance budgets in use for a number of years. A few developing countries are currently applying, on experimental basis, or exploring the potential use of Program and Performance...

Web-based corporate reporting has emerged as a fast and effective medium of communicating financial and non-financial information about companies as compared to traditional methods. However, the type of reporting, extent of disclosure, authenticity and standardization of format of disclosure is...

An event study examines the return behavior of a sample of firms experiencing common type of event, for e.g., earning announcement, stock split, issue of new debt or equity, merger and acquisition and so on. The objective is to asses the significance of the economic event on the market value of...