Company under corporate insolvency resolution process given relied under MAT – Total loss brought forward shall be allowed to be reduced from book profit Government has granted relaxation in the provisions relating to levy of Minimum Alternate Tax (MAT) in case of companies against whom an application for …
Amid the criticism of the Electoral Bonds on the transparency front, the Finance Minister, Arun Jaitely has defended the decision to bring the electoral bonds for funding of the political parties. In his following article titled as “Why Electoral Bonds are Necessary?” the Finance Minister has took a …
EPF Contribution above statutory maximum wage ceiling limits. Employers not to be forced to contribute over and above statutory wage ceiling. EPF contributions are payable on prescribed maximum wage ceiling of Rs 6500/- by employee and employer. The employee can pay at a higher rate and in such …
ICAI Exposure Draft of Amendments to Ind AS 20-Accounting for Government Grants and Disclosure of Government Assistance. Last date for Comments is January 24, 2018. Amendments have been proposed in Ind AS 20 to allow the options to present non-monetary government grants at nominal value and government grants related to …
Incentives on digital purchase of Railway tickets through IRCTC website, on counters by credit/debit cards, through mobile phones etc. Discounts and waiver of service charge Train tickets can be booked at the ticket counters through cash or through credit/debit cards, Unified Payments Interface (UPI)/ Bharat Interface for Money …
ROCs has removed/struck off names of 226166 companies which were not filing returns for a continuous period of two or more financial years and prima facie were not conducting any business or in operation The Government has initiated campaign against black money, wilful defaulters and erring directors. There …
