Recent Posts

Setting up a partnership firm

One of the oldest (and time tested) form of business entity is Partnership firms. If two or more people agree to carry on a business they can look at setting up firm rather than private limited company. The maximum number of partners can’t exceed 20 people. It is easy to …

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Tax Default by Kingfisher Airlines – Case Study Part I

Kingfisher Airlines (KFA) was the dream Airlines, India had seen. It started operations in 2005 and shut down its operations in 2012. During this period, the company suffered a total Net Loss of over Rs.6000 Crores. The company has borrowed over Rs.8000 Crores from various banks, led by State Bank …

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Monday blues

Whatever has to go wrong will go wrong on Monday morning. The first thing you mention “one longer week ahead! Same office, same manager, same kitchen, same urgency and the cribbing goes on…”; thus Monday is a bit depressing day to start. Adding to this feeling, instead of getting up …

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