Section 2(47) is containing an inclusive definition and inter alia, it provides that relinquishment of an asset or extinguishment of any right there in amounts to a transfer of a capital asset.
The following is the text of the Standard on Internal Audit (SIA) 4, Reporting, issued by the Council of the Institute of Chartered Accountants of India. These Standards should be read in conjunction with the Preface to the Standards on Internal Audit, issued by the Institute. In terms of the decision of the Council of […]
Inspired by her husband Devendra Kumar Somani, who is also a chartered accountant, CA. Rekha Somani having Arts background joined CA course in the age of 37 years and passed CA (Final) examination in May, 2017. She had rejoined studies after a long gap of about 17 years. It was really a difficult task for […]
Internal Audit Documentation refers to the written record (electronic or otherwise) of the internal audit procedures performed, the relevant audit evidence obtained and conclusions reached by the Internal Auditor on the basis of such procedures and evidence (Terms such as work papers or working papers are also used to refer documentation).
When a complaint is being heard by MahaRERA or an Adjudicating Officer of MahaRERA and the said authority is satisfied that there is a possibility of settlement by way of conciliation, then with the consent of both the parties involved, it may refer the complaint to a designated bench of the Maharashtra Conciliation and Dispute Resolution Forum.
This Standard on Internal Audit (SIA) 310, Planning the Internal Audit Assignment, issued by the Council of ICAI should be read in conjunction with Preface to the Standards on Internal Audit, “Framework Governing Internal Audits and Basic Principles of Internal Audit issued by the Institute.
Daily Express Vs Assistant State Tax Officer (Kerala High Court) Section 129 is a self-contained code. It lays down the entire mechanism for provisional release of the goods. Section 129 begins with a non-obstante clause. It stands protected from every other provision. Earlier this Court, on more than one occasion, has held that unfilled Part […]
UIDAI has clarified that EPFO may continue to avail Aadhaar based authentication services for the schemes for which notification under Section 7 of the Aadhaar Act, 2016 has been issued and duly published in the Official Gazette.
Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) – Final Guidelines- It has now been decided that the NSFR guidelines will come into effect from April 1, 2020.
In case of non-derivative forex transactions, while all inter-bank transactions shall be subject to LEI requirement, client transactions shall require LEI code for transactions involving an amount equivalent to or exceeding USD one million or equivalent thereof in other currencies.
