Daily Archive: Wednesday, March 30, 2016

Companies (Accounting Standards) Amendment Rules, 2016 Notification

Author: | Categories: Companies Act No comments
Ministry of Corporate Affairs (MCA) has made amendments to  Companies (Accounting Standards) Rules, 2006 by the Companies (Accounting Standards) Amendment Rules, 2016 by notification dated 30/03/2016. In the amended rules: Reference to Companies Act 2013 has been incorporated; For financial statements reference to section 2(40) of the Companies Act 2013 has

MCA Notified Indian Accounting Standards Ind AS 11 Construction Contracts and Ind AS 18 Revenue. Download Full Notification

Author: | Categories: Companies Act No comments
On 16-02-2015, MCA had notified Companies (Indian Accounting Standards) Rules, 2015. Today, (30/03/2016) Ministry of Corporate Affairs (MCA) has notified Companies (Indian Accounting Standards) (Amendment) Rule, 2016. The amendment has made the following changes: Indian Accounting Standard (Ind AS) 11 – Construction Contracts notified. The  standard shall be applied in accounting for construction

Companies (Auditor’s Report) Order CARO 2016 notified by MCA for the financial years commencing on or after 1st April 2015

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MINISTRY OF CORPORATE AFFAIRS ORDER New Delhi, the 29/03/20l6 S.O……………(E).-In exercise of the powers conferred by sub_section (ll) of section 143 of the Companies Act, 2013 (18 of 2013 ) and in supersession of the Companies (Auditor’s Report) Order, 2015 published in the Gazette of India, Extraordinary, Part II,

Stock Exchange transaction charges payment by members not for technical services requiring TDS u/s 194J -SC

In its latest judgment, the Supreme Court has held that the transaction charges paid to the Bombay Stock Exchange by its members are not for ‘technical services’ and hence no TDS on such payments is deductible under Section 194J of the Income Tax Act 1961. Case Details: Civil Appeal No. 3141 of

Extension of service tax e-payment deadline to midnight 31-03-2016. Service tax Circular 191/01/2016

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Circular No 191/01/2016 -Service Tax F.No. 137/ 155/2012-Service Tax  (Pt -II) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Service Tax Wing *** New Delhi, the 29th March 2016 To The Principal Chief Commissioners/Chief Commissioners of Central Excise and Service Tax (All), The

Inoperative EPF Accounts that Stopped Earning Interest in 2011, Now to Earn Interest W.E.F. 01.04.2016

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Organizational Restructuring of EPFO Approved to Address Career Progression of Over 20000 Officials Inoperative EPF Accounts that Stopped Earning Interest in 2011, Now to Earn Interest W.E.F. 01.04.2016 Software Module for Disbursal of Salaries to EPFO Launched EPFO’s highest decision making body, the Central Board of Trustees met here

EPFO employees Universal Account Number UAN allotment incentive scheme for employers

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Employee Provident Fund Organization, India PRESS RELEASE 11.03.2016 EPFO launches an Incentive Scheme for employers to encourage partnership in allotment of Universal Account Number (UAN) to their employees. Employers can get refund upto 10% of administrative charges payable to EPFO under a new incentive scheme. EPFO, Head Office, New
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