Tag: icai guidance note
ICAI Guidance Note on Applicability of AS 25 and Measurement of Income Tax Expense for Interim Financial Reporting ICAI Guidance Note – Applicability of AS 25 & Measurement of Income Tax Expense for Interim Financial Reporting ICAI has issued a combined Guidance Note revising its previous Guidance notes …
Judicial Pronouncements under IBC 2016 – 3rd Series by ICAI. The latest judgment incorporated in the publication is dated 03.12.2019. ICAI has released its third series of Judicial Pronouncements under IBC 2016. The Series 1 and Series 2 of the publication were earlier published. The latest judgment incorporated …
Multiple Choice Questions on Engagement and Quality Control Standards-Publication by ICAI Engagement and Quality Control Standards are to be followed by Chartered Accountants in auditing, review, assurance and related engagements. The ICAI has released a publication titled as “Multiple Choice Questions (MCQs) on Engagement and Quality Control Standards” …
ICAI Advisory on Accounting and Assurance related issues for FY 2019-20 due to Covid-19 Disruptions ICAI has issued an advisory on impact of corona virus on financial reporting and resultant auditors consideration. The advisory/guide is applicable (a) to entities to whom Ind AS is applicable and (b) the …
Selling cost not part of cost of construction or WIP as per ICAI guidance note on accounting for real estate. ITAT delete addition made to Work in Progress ABCAUS Case Law Citation: ABCAUS 2638 (2018) (11) ITAT The appeal was preferred by the Revenue against the order of …
ICAI Guide on Taxation of Non-Residents updated as per Finance Act, 2018 ICAI has published the third edition (September 2018) of its guide for Taxation of Non-Residents which is revised as per law amended by the Finance Act, 2018. The guide highlights various provisions of the Income tax Act, …
ICAI FAQ on accounting treatment of increase in liability due to enhancement of the gratuity ceiling The Accounting Standards Board (ASB) of the Institute of Chartered Accountants of India (ICAI) has issued the following FAQ on accounting treatment of increase in liability on account of enhancement of the …
ICAI Guidance Note on Audit of Banks-2018 Edition The Auditing and Assurance Standards Board (AASB) of the ICAI has issued the Guidance Note on Audit of Banks 2018 edition. The Guidance Note on Audit of Banks which is issued by the AASB of ICAI every year is an …
ICAI Educational Material on Ind-AS 16 Property, Plant and Equipment and FAQ ICAI Educational Material on Ind-AS 16 Property, Plant and Equipment Ind AS Implementation Committee of the Institute of Chartered Accountants of India (ICAI) has brought out an Educational Material on Indian Accounting Standard (Ind AS) 16, Property, …
ICAI Guidance Note on Division-II Ind-AS Schedule III of the Companies Act 2013 Ministry of Corporate Affairs vide its notification dated 6th April, 2016 notified amendments to Schedule III of the Companies Act, 2013 thereby inserting Division II to Schedule III for preparation of financial statements by those …
