RBI cautions public on job scam through electronic communication by fake email and false letterheads. Advises to refer only its official website for any Recruitment related information RBI, in its Press Release dated 12th June, 2018 has warned general public about the job scam.  As per the release, …

Depreciation allowed when asset was not used for a single day during the year due to seizure by bank for loan default – ITAT followed law settled by High Courts ABCAUS Case Law Citation ABCAUS 2367 (2018) 06 ITAT The instant appeal was preferred by the Income Tax Department …

ICAI Exposure Draft proposing amendments to eight Ind AS S. No. Exposure Draft 1. Annual Improvements to Ind AS 2018 Corresponding to Annual Improvements to IFRS Standards 2015–2017 Cycle issued by the IASB >> Standards amended are as under: Ind AS 103, Business Combinations Ind AS 111, Joint …

RBI Draft guidelines on Loan System for Delivery of Bank Credit-Minimum level of loan component and Effective date RBI had issued Statement on Developmental and Regulatory Policies issued on 5th April, 2018. The Statement set out various developmental and regulatory policy measures inter alia for strengthening regulation and supervision. …

Blind reliance on 26AS Statement to declare income or claim TDS puts you to the risk of income tax notice for concealment and demand for subsequent mismatch of income/TDS or both. I am sure, many of us would have witnessed persons who consider Government machinery as their accountant. …

DVO valuation of property occupied by tenants with court cases going under Rent Control Act set aside by the ITAT as the objections were dealt with by the DVO ABCAUS Case Law Citation ABCAUS 2366 (2018) 06 ITAT The instant appeal was preferred by the assessee against the …