Ind AS 115 Not applicable where contract are towards non-monetary exchanges between entities in the same line of business Not applicable to contracts with customers as specific Ind AS are applicable as follows:-
Ministry of Corporate affairs has given many Relaxation/Exemptions to Private Companies vide notification No. G.S.R. 464(E) dated: 5th June, 2015 and G.S.R. 583(E) dated 13th June 2017 to ease the doing of Business in India. Exemption includes exemption from disclosure of Related Party Transactions
Job Work Under GST means outsourcing of manufacturing activities for completion of a product beyond the premises of the principal manufacturer. Article discusses Meaning of Job work under GST, Documents for movement of inputs and Capital goods to Job worker
The Central Board of Direct Taxes (CBDT) has notified the Income-tax Return (ITR) Forms applicable for the Assessment Year 2018-19. The new forms incorporate the changes made by the Finance Act, 2017 in the Income-tax Act, 1961. It is apparent that the new ITR Forms have shifted the entire onus on the taxpayers to prove their claim for deductions, expenses or exemptions refer table 2
