Exposure Draft of amendments to Ind AS 102, Share Based payments has been issued by the Accounting Standards Board of the ICAI, for public comments with last date as September 05, 2016, clarifying how to account for certain types of share-based payment transactions. The amendments, which provide requirements on the accounting for the following:
Coordination is the very important aspect in any Organization. It brings unity of action and integrates different activities of organization. Coordination is the most important function of an organization. It refers to bringing together the activities of an organization to achieve the objectives
The Prime Minister, Shri Narendra Modi, today described the Goods and Services Tax (GST) as a Great Step by Team India, a Great Step Towards Transformation, and a Great Step Towards Transparency.
The facility of e-verification of IT returns has been used by over 75.3 Lakh taxpayers till 5th August, 2016 as compared to 32.95 Lakh taxpayers last year till 7th September 2015. Of these Aadhar based E- verification was used by 17.68 lakh taxpayers during the current year as against 10.41 lakh taxpayers during the same period in 2015-16.
Attention is invited to the provisions contained in Section 11B of the Central Excise Act, 1944 (CEA) which provides for grant of refund of duty of excise and interest, if any, paid on such duty. Further the incidence of duty or interest is deemed to be passed on to the buyer of goods by the person paying it in terms of Section 12B of the CEA.
Draft Recruitment Rules Dated: F.No. HRD/CMD/121/3/2015-16/2892 dated 08.08.2016 08.08.2016 Sports Quota Recruitment – 2016-17 Dated: 08.08.2016 Draft Recruitment Rules for the post of Income Tax Officer F.No. HRD/CMD/121/3/2015-16/2804 dated 08.08.2016 Draft Recruitment Rules for the post of Pr. Administrative Officer – F.No. A35015/43/2014-Ad VI/2805 Dated: 08.08.2016 Also Read- CBDT notifies Draft Recruitment Rules for Various […]
GST will be a game changing reform for Indian economy by developing a ONE NATION ONE TAX Market and reducing the cascading effect of tax on the cost of goods and services. It will impact the Tax Structure, Tax Incidence, Tax Computation, Tax Payment, Compliance, Credit Utilization and Reporting leading to a complete overhaul of the current indirect tax system.
Hello Readers! The Team of taxguru.in had a word with the All India Rank 3 holder of IPCE May 16, Sree Bhavishya Amisagadda. Let’s See what message she has to convey to the upcoming IPCC students…
GST is considered to be the biggest Indirect tax reform in India after independence that will result in a single indirect tax for the whole nation and will eliminate tax on tax effect. India will be one market as against several markets and multiple taxes in present regime. At the same time, tax base is likely to be widened due to large coverage of tax payers and lower threshold limits.
Facility of clubbing is being allowed for Advance Authorisations for Annual Requirement issued during Foreign Trade Policy period 2009-14 and 2015-20 wherever exports and imports have taken place as per Standard Input output Norms (SION) notified (available in Handbook of Procedures).
