"17 October 2016" Archive

Guidance note on Audit of Consolidated Financial Statements

17.10.2016 Guidance Note on Audit of Consolidated Financial Statements (Revised 2016) issued by the Auditing and Assurance Standards Board – (17-10-2016) 1. The Council of the Institute of Chartered Accountants of India had issued Accounting Standard (AS) 21 ‘Consolidated Financial Statements’ which was subsequently noti...

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Posted Under: CA, CS, CMA | ,

Senior Citizens Welfare Fund (Amendment) Rules, 2016

G.S.R. 981(E) (17/10/2016)

Government herby makes the following rules to amend the Senior Citizens’ Welfare Fund Rules, 2016, namely:- 1. (1) These rules may be called the Senior Citizens’ Welfare Fund (Amendment) Rules, 2016....

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Deemed demerger of Company ceased to be public sector company

Notification No. 93/2016-Income Tax (14/10/2016)

Reconstruction or splitting up of a company which ceased to be a public sector company as a result of transfer of its shares by Central Govt into separate companies, shall be deemed to be a demerger if following conditions are fulfilled...

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Works Contracts under GST

During last 5 decades law relating to works contract is driven more by judicial pronouncements & GST is opportunity for legislature to end uncertainty....

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Registration Process Under Model GST Law

As per the Model GST Law Assessee falling under following categories can get themselves registered- A. Mandatory Registration B. Voluntary Registration...

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Posted Under: CA, CS, CMA |

Composition Scheme Decoding KVAT Act, 2003 to Model GST Law

In this article we have tried to give an idea to the reader about the differences between KVAT Act, 2003 and Model GST law released by the Ministry of Finance for public comments on 14th June, 2016....

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Posted Under: CA, CS, CMA |

DRI seizes 21 kg Gold & Cash of Rs 6.44 crore

DRI) makes seizure of about Rs 12.91 crore including 21 kg Gold worth Rs. 6.47 crore, and Indian Currency notes worth Rs 6.44 crore...

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Posted Under: CA, CS, CMA |

Likely Status of GST Bill – Whether Money Bill or Finance Bill?

Ashok Kumar Chopra The  101 Constitutional Amendment Bill 2016 which is very popularly known as 122nd Constitutional Amendment Bill as passed by Rajya Sabha on 3rd August 2016 after waiting for more then a year when it was sent to it for passage. Certainly this day has become a red letter day in the history […]...

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Posted Under: CA, CS, CMA |

How to Use SUMIFS – Advance Excel

Article explains Excel SUMIFS function in 5 different scenario from basic to advance. SUMIFS formula extends abilities of SUMIF function ...

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Notification No. 4/2016-Customs (N.T./CAA/DRI) dated 17.10.2016

Notification No. 4/2016-Customs (N.T./CAA/DRI (17/10/2016)

Appointment of Common Adjudicating Authority by DGRI - 4/2016-Customs (N.T./CAA/DRI) - Dated 17-10-2016 - Customs - Non Tariff...

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