It is announced for general information that during the year 2018-2019, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8% (Eight percent) w.e.f. 1st October, 2018 to 31st December, 2018.
The objective of Exposure Draft Accounting Standard (AS) 38 Intangible Assets is to prescribe the accounting treatment for intangible assets that are not dealt with specifically in another Standard. This Standard requires an entity to recognise an intangible asset if, and only if, specified criteria are met.
Union of India Vs Mohit Mineral Pvt. Ltd. (Supreme Court of India) (1) Whether the Compensation to States Act, 2017 is beyond the legislative competence of Parliament? Ans. 1 -The Compensation to States Act, 2017 is not beyond the legislative competence of the Parliament. (2) Whether Compensation to States Act, 2017 violates Constitution (One Hundred […]
After going through lot of ups & downs, twists & turns, government has finally notified the TDS provisions under GST w.e.f 01-10-2018. Let us discuss in a simple yet comprehensive manner, everything about TDS in GST.
The author Discusses the impact of newly inserted section 145A on the banking sector. In case of those banks treating their securities as stock in trade and thereby booking less loss as per RBI and more loss for income tax purposes, it is no less than a surgical strike.
All the RAs and the members of trade are being informed that due to unavoidable circumstances. the SEIS E com module which was earlier announced to be ready for accepting applications from 03.10.2018 would now be available from Monday 08.10.2018.
Key Features – Return Preparation Utility (RPU) version 2.4 ♦ Integration of new Encryption certificate in File Validation Utilities (FVUs) > Renewed Encryption certificate with extended validity has been integrated in FVUs ♦ Incorporation of latest File Validation Utility (FVU) version 5.9 (applicable for TDS/TCS statements pertaining to FY 2010-11 onwards) and FVU version 2.155 […]
ICAI has certain suggestions regarding the evaluation process of tendering with respect to professional services. As per the present practice of tendering, the Least Cost Selection (LCS) Criteria are being adopted for awarding the work for professional services (audit service) however, for evaluation of tenders floated for services other than professional services, CVC also recommends the adoption of Quality & Cost Based Selection (QCBS) for evaluation.
The recent increase in the interest rates on small savings schemes for the current quarter will sooner than later force the banks to increase interest rates offered by them on fixed deposits. With the imminent increase in the fixed deposits interest rates by the banks, the fixed deposits will become a more attractive investment product specially for senior citizens. Let us see how.
To summarise in a few words, DVR shares are merely the same shares of a company, having, mutatis mutandis, all the rights and privileges that are vested in the ordinary shares of the Company, except as to voting and in some cases, dividends.
