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ICAI Implementation Guide on Reporting Standards-Revised SA 700, Revised SA 705 and Revised SA 706 In the year 2016, the Institute of Chartered Accountants of India (ICAI) had issued the revised auditor’s reporting standards i.e. (a) Revised SA 700 – Forming an Opinion and Reporting on Financial Statements It represents the overarching …
Taxability of tenancy rights premium under pagadi system under GST-Clarification Circular No.44/18/2018-CGST F. No. 341/28/2017-TRU Government of India Ministry of Finance Department of Revenue Tax Research Unit New Delhi, the 2nd May, 2018 To, The Principal Chief Commissioner/Chief Commissioners/ Principal Commissioner/ Commissioner of Central Tax (All) / The …
Cabinet approves Mutual Recognition Agreement between the Institute of Chartered Accountants of India and the South African Institute of Chartered Accountants Mutual Recognition Agreement between the ICAI and SAICA The Union Cabinet chaired by Prime Minister Shri Narendra Modi has has approved the Mutual Recognition Agreement between the Institute …
Cabinet approves Doubling of Investment Limit for Senior Citizens from Rs. 7.5 lakh to Rs.15 lakh under Pradhan Mantri Vaya Vandan Yojana (PMVVY) Enables upto Rs. 10000 Pension per month for Senior Citizens Time limit for subscription under PMVVY extended from 4th May, 2018 to 31st March, 2020 …
Competition Commission of India has passed imposing penalty on six firms for bid rigging in five tenders floated by Pune Municipal Corporation Lesser Penalty Provisions aid CCI to bust cartel in tenders of Pune Municipal Corporation As per Press Release of MCA, the Competition Commission of India (CCI) …
Cash surrendered during survey and added to WIP can not be disallowed u/s 68 as income was already declared in Trading account and it was a balancing entry-ITAT The appellant assessee had filed the instant appeal against the order of the CIT(A) contending that the Authorities below erred …
CBI arrests four deputy commissioners & one superintendent, all of customs departments and a private person in an alleged bribery case Press Release New Delhi, 01.05.2018 The Central Bureau of Investigation has arrested four Deputy Commissioners and one Superintendent, all from Customs Department, Mumbai and a private person …
Unrealised Interest on NPA Accounts not taxable notionally on accrual basis. AO has to follow the RBI Directions under section 45Q of RBI Act as held by Supreme Court The appellant Revenue had filed the instant appeal against the order of the Income Tax Appellate Tribunal (ITAT) in holding …
Draft Central Labour Laws (Amendment) Rules 2018 are published for the information of general public inviting objections or suggestions Ministry of Labour and Employment has published the following the the Draft Central Labour Laws (Amendment) Rules, 2018 which the Central Government proposes to make to further amend : …
IBBI invites comments from public on the Regulations notified under the Insolvency and Bankruptcy Code 2016 for bringing modifying regulations by March 2019 Insolvency and Bankruptcy Board of India PRESS RELEASE No. IBBI/PR/2018/… 30th April, 2018 Insolvency and Bankruptcy Board of India invites comments from public on the Regulations …
