CAASB in its 32nd meeting held on March 21, 2017 considered draft Practical Guide to Standard on Cost Auditing (SCA) 101 – Planning an Audit of Cost Statements
Share Premium Amount collected by Company on its subscribed issued share capital is not and cannot be said to be part of capital employed in business of Company for Section 35D(3)(b)
In pursuance of clause (3) of article 348 of the Constitution of India, the following translation in English of the Maharashtra Tax Laws (Levy, Amendment and Validation) Bill, 2017 (L. A. Bill No. XVIII of 2017), introduced in the Maharashtra Legislative Assembly on the 30th March 2016, is hereby published under the authority of the Governor.
India Inc should work for the July 1 roll out of the Goods and Services Tax , which would take the country into very exciting phase of tax administration, Finance Secretary Mr Ashok Lavasa said at an ASSOCHAM Managing Committee meeting in New Delhi today.
Government of Maharashtra hereby with effect from the 1st April 2017, amends the SCHEDULES ‘A’, ‘C’ and ‘D’ appended to the said. Act, namely :—8A Card swipe machines for merchant transactions. :- Nil%
Government of Maharashtra hereby, with effect from 1st April 2017, amends the Government Notification, Finance Department No. VAT-1511/C.R.-57/Taxation-1, dated the 30th April 2011 as follows, namely
Value of goods obtained on job-work basis cannot be included into turnover of appellants. By excluding this value items manufactured by appellants comes below limit prescribed for S.S.I. Exemption.
While the Agency Banks are to keep all their branches dealing with government business open on all days in the current financial year (including Saturday, Sunday and all holidays) as already advised, these branches need not be kept open on April 1, 2017.
Exposure Draft of Annual Improvements to Ind AS Standards 2014-2016 Cycle, issued by Accounting Standards Board of ICAI, for comments.
Following is Exposure Draft of Appendix B of Ind AS 21, Foreign Currency Transaction and Advance Consideration, issued by Accounting Standards Board of the Institute of Chartered Accountants of India, for comments.
