The Securities and Exchange Board of India (Sebi) is likely to lower the cap on mutual fund expenses. At present, fund houses can charge up to 2.5% of average assets for equity schemes and 2.25% for debt schemes as annual expenses.It is likely that t
Plan your Home Loan Payment Schedule to take maximum tax benefit. Partial or full prepayment makes sense, but only in some cases. When Jabalpur resident Mahavir Ojha received Rs 80 lakhs from selling an ancestral property, he decided to part-pay his
Company argued it was following globally accepted norms. The Supreme Court on Friday quashed the prosecution of soft drink giant PepsiCo by the Kerala government over the pesticide content found in its bottles picked at random from the market. A thre
Amends notification no. 81/2005 Cus dated 8-9-2005 – Exempts goods in relation to generation of power using non-conventional materials – relaxation to projects promoted by states. Notification No. 118/2010-Cus dated -18-11-2010 G.S.R. 917(E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central […]
IASB Exposure Draft on Severe Hyperinflation (proposed amendment to IFRS 1) (Comments to be received by November 26, 2010) – (19-11-2010) The International Accounting Standards Board has issued this Exposure Draft on Severe Hyperinflation a proposed amendment to IFRS 1 First-time Adoption of International Financial Reporting Standards. The amendment proposes guidance on how an entity […]
The International Accounting Standards Board’s IFRS Interpretations Committee has issued this Exposure Draft on IFRIC interpretation Stripping Costs in the production phase of a Surface Mine containing proposed guidance on the accounting for stripping costs in the production phase of a surface mine.
The International Accounting Standards Board’s IFRS Interpretations Committee has issued this Exposure Draft on IFRIC interpretation The annual improvements process: Proposals to amend the Due Process Handbook for the IASB with the objective of whether the proposed criteria provide a sufficient and appropriate basis for assessing whether matters relating to the clarification or correction of IFRSs should be addressed using the annual improvements process.
The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) has issued this Request with the objective of seeking views on when new financial reporting standards resulting primarily from their work to improve and achieve convergence of International Financial Reporting Standards (IFRSs) and US generally accepted accounting principles (GAAP) should become effective.
The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board (IASB), has issued this first-stage consultation document designed to solicit input on the strategy of the IFRS Foundation as it enters its second decade. The Trustees are seeking views of stakeholders on four strategic fronts—the IFRS Foundation’s mission, governance, the standard-setting process, and financing of the IFRS Foundation.
G.S.R. 918(E).- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following amendment
