S. Pitty & Company

Went to see a Hindi film recently in which a message was flashed on screen ‘few years later’. Of course I and everyone else understood that it was intended to mean ‘some years later’ but I was reminded of our English teacher in school who had explained that ‘few’ used alone means ‘almost none’ and the correct phrase to convey ‘some’ is ‘a few’....

Mind Your Language Went to see a Hindi film recently in which a message was flashed on screen ‘few years later’. Of course I and everyone else understood that it was intended to mean ‘some years later’ but I was remi…

My affair with shares began almost forty years ago when I was a student with very little money to spare. Stock markets in India were still to come of age. Stocks were traded on Calcutta Stock Exchange by outcry system with monthly settlement; trading in futures was unregulated and dependent on word of mouth trades; information was largely hearsay; brokerage charges were more than ten times what they are today and then there was the ‘cane’ which one ended up paying if dealing through an unscrupulous broker....

Stock smart My affair with shares began almost forty years ago when I was a student with very little money to spare. Stock markets in India were still to come of age. Stocks were traded on Calcutta Stock Excha…

This is my twenty second blog post and coincidently the topic of the post is phobia which is defined as an irrational and lasting fear of some thing or some situation, and one of such phobias is vigintidyophobia – the fear of number twenty two. A more common number phobia of a number is triskaidekaphobia, which I first heard of at a GK quiz in school – and learnt that it was phobia, or morbid fear, of the number thirteen....

Phobias and Superstitions This is my twenty second blog post and coincidently the topic of the post is phobia which is defined as an irrational and lasting fear of some thing or some situation, and one of such phobias is vi…

“Jack of all trades, master of none” is a phrase used quite often and in a somewhat derogatory sense. Most of us have come to believe also that dabbling in too many things leaves us lagging behind those who have mastered some specific skill or knowledge, in terms of material success if nothing else. This was particularly true in case of professionals like doctors....

Jack or Master ….take your pick “Jack of all trades, master of none” is a phrase used quite often and in a somewhat derogatory sense. Most of us have come to believe also that dabbling in too many things leaves us lagging behind …

Thanks to the covid induced lockdowns and the consequent work from home of the children, one phrase I often heard them use during their phone calls was ‘stepping back’. A very common phrase used by consultants to suggest that one stops being actively involved in something so as to be able to think with a new perspective. This term however has great use in general life also, especially in times of problems, where we tend to become obsessed with a problem which seems unsurmountable....

Stepping Back Thanks to the covid induced lockdowns and the consequent work from home of the children, one phrase I often heard them use during their phone calls was ‘stepping back’. A very common phrase used by…

Read our views on the Social Stock Exchange and the challenges and opportunities that lie ahead for

Social Stock Exchange: India Perspectives In its report published in June ’20, the SEBI SSE Working Group recommended the setting up of a social stock exchange (SSE) under the aegis of the SEBI, outlin

Updates on the Union Budget 2019:

FINANCE BILL 2019 - Direct Tax Proposals in Brief | S. Pitty & Company Tax Rates No changes have been proposed in personal tax rates or slabs. Surcharge as below: Total Income between Rs 50 Lakhs and 1 crores ……… 1

With increasing compliance aimed at identifying shell companies, dissecting another such measure - the SBO Rules:

Lifting the Corporate Veil - Significant Beneficial Ownership (Amendment) Rules, 2019 | S. Pitty & Company The Companies (Significant Beneficial Owners) Rules, 2018, (SBO Rules) were issued by the Ministry of Corporate Affairs on June 14, 2018 mandating declaration

The first GSTR9 filed for our firm
The form is well designed and user friendly but it would have been good if some help documents were there to clear doubts !

Direct Tax Proposals in the Interim Budget in brief

FINANCE BILL 2019 (Interim Budget) - Direct Tax Proposals in Brief Tax Rates  No changes have been proposed in personal tax rates or slabs. Rebate u/s 87A increased from Rs. 2,500 to Rs. 12,500, applicable for taxable income be...

From 1st January 2019 it is mandatory to generate UDIN before certifying any document. UDIN is the unique code issued, for every document certified by a Chartered Accountant .

For further details visit the following link -

UDIN - Unique Document Identification Number - An initiative of PD Committee, ICAI

CA with 0-2 years of work ex, or Semi-qualified CA with good articleship experience