According to Sander Levin Retirement security is often compared to a three-legged stool supported by Social Security, employer-provided pension funds, and private savings. This may be true in some countries and/or some individuals, but in others, where the social security system is not as robust, or the pension fund and personal savings are not adequate, the stool might topple.
Indian Accounting Standard (Ind AS) 16, Property, Plant and Equipment prescribe the accounting treatment for property, plant and equipment so that users of the financial statements can discern information about an entity’s investment in its property, plant and equipment and the changes in such investment.
These Income Tax appeals are filed by the Revenue aggrieved by the order passed by the Income Tax Appellate Tribunal, Cochin Bench allowing I.T.A. Nos. 428 & 429 of 2002 filed by the respondent/assessee concerning the assessment years 1997-98 and 1998-99.
First return to be filled in GST regime is Form 3B . It is a simple return introduced by Government for the month of July and Aug 2017 only. However , this does not preclude the need to file regular returns -GSTR1-GSTR3 for the said months . Regular returns for the month of July and Aug 2017 will be filled in the month of Sep 2017.
Only few days are left to file the first Return in the era of GST regime i.e. FORM GSTR-3B. It must be filed by every person who are registered under GST. In this write-up, all related aspects of FORM GSTR-3B are being covered. Introduction It is a summary return which has to be filed by […]
India’s economic advancement in the past 70 years is one of the most fascinating success stories. Faced with multiple woes, ranging from near absence of infrastructure to almost everything needed for economic enhancement, India’s odyssey towards economic independence was dotted with challenges. It was the determination of our founding fathers who did not give up and build the country brick by brick.
India, which accounted for 23 per cent of World GDP in the 18th century, became impoverished during nearly two centuries of British colonial rule. But it has come a long way since independence in 1947 to become a major emerging economy and World’s largest democracy.
Every government comes to power with the promise of serving the people and making their country a better place to live in. When this promise is broken, by inefficiencies and corruption, peoples trust in their leadership is shaken, and they demand answers.
We find that the impugned order of the Tribunal holding that a party is not barred in law from withdrawing from its list of comparables, a company, if the same is found to have been included on account of mistake as on facts, it is not comparable. The Transfer Pricing Mechanism requires comparability analysis to be done between like companies and controlled and un controlled transactions.
1. These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2017.
