ICAI Quick Referencer on IndAS. It provides glance on basic aspects of applicable standards
Literature of the Indian Accounting Standards (IndAS) is vast and going through the entire literature when in need of a particular aspect is a practical problem.
Taking cognizance of this practical problem, the ICAI has released a publication named Quick Referencer on Indian Accounting Standards. The said publication has been brought out that provides a glance on the basic aspects of applicable standards in a summarised manner with an objective to provide a basic understanding of IndASs to the Chartered Accountants (CAs).
Apart from the members, the publication will be very useful for the other concerned stakeholders.
This publication however provides only a glance through the applicable Ind ASs and for a better and detailed understanding of Ind ASs, it is advisable go thoroughly through the entire text of the Standards and publications such as Educational Materials and ITFG Clarification Bulletins
ITAT dismisses claim of Leave Encashment exemption u/s 10(10AA)(ii) beyond Rs. 3 lakhs In a recent judgment, ITAT Ahmedabad has…
Assessing Officer had taken a reasonable stand that 25 kg written in WhatsApp chat/text message was 25 lakh - ITAT…
Shareholders are only owners of the shares of the company therefore, income from properties earned by the company cannot be…
When approval for reassessment was granted by unauthorised authority, such jurisdictional error cannot be shielded by the law of limitation…
ITAT on presumption of bogus purchases ought to have remanded case to AO to reconsider the whole matter instead of…
Where proceedings u/s 153C are barred by limitation, AO can not reopen the case invoking section 148 and 148A of…