Sponsored
    Follow Us:

Ca. Yash Jain

Latest Posts by Ca. Yash Jain

Startup India Scheme – Registration & Benefits

December 17, 2020 12444 Views 6 comments Print

A startup is a young entity founded by one or more entrepreneurs to offer a unique product or service. The entity either develops a new product/service or offers the current product/service in a different manner.

Insight into conversion of a Private Company into Limited Liability Partnership (LLP)

December 15, 2020 1926 Views 0 comment Print

Introduction Conversion of a Private Limited Company into LLP is allowed under the provision of Section 56 (Third Schedule) of the LLP Act, 2008. Benefit There are a large number of benefits to govern a business having LLP as legal form as compared to Private Limited Company. LLPs involve the best practices of private companies […]

Ind AS 40 – Investment Property – Analysis

August 22, 2020 5439 Views 2 comments Print

Understand the complexities of Ind AS 40 – Investment Property. Learn about the recognition, disclosure, and measurement of investment property.

Going Concern: Key Considerations amid Covid-19

August 5, 2020 4947 Views 1 comment Print

♣ Section 134(5) of the Companies Act, 2013 requires board of directors of every company to state in its Directors’ Responsibility Statement that they have prepared the annual accounts on a going concern ♣ Also, Ind AS 1 – Presentation of Financial Statements and AS 1 – Disclosure of Accounting Policies requires the management to assess the entities ability to continue as a going concern.

Indian Accounting Standard 16 – Property, Plant & Equipment

July 20, 2020 4383 Views 0 comment Print

Ind AS 16 discusses whether expenditure incurred should be should be capitalised as PPE or charged to P&L statement, retirement of PPE, depreciation and disposal of PPE. Scope Definitions I. Property, Plant and Equipment (PPE) – PPE are tangible items which are held for use in producing or supply of goods or services, rentals to […]

Indian Accounting Standard 116 – ‘Leases’

July 8, 2020 10860 Views 2 comments Print

Brief overview The Ministry of Corporate Affairs (MCA) notified Ind AS 116 – ‘Leases’ on March 30, 2019 to come into force on April 01, 2019. Ind AS 116 replaces the current guidance on lease accounting in Ind AS 17. What is a Lease? A lessee may elect not to apply Ind AS 116 for […]

Implication of Indian Accounting Standards (Ind AS) on Banks & Financial Sector

July 4, 2020 29010 Views 1 comment Print

Applicability of Ind AS on Banks & Financial Institutions The Ministry of Corporate Affairs (MCA), in January, 2016, had notified the roadmap for implementation of Indian Accounting Standards converged with International Financial Reporting Standards (IFRS) for Scheduled commercial banks (excluding RRBs), insurers/insurance companies and Non-Banking Financial Companies (NBFCs). NBFCs are required to prepare Ind AS […]

Analysis of Ministry of Micro, Small and Medium Enterprises – Notification dated June 26, 2020

July 3, 2020 6717 Views 1 comment Print

Analysis of Ministry of Micro, Small and Medium Enterprises – Notification dated June 26, 2020 The Ministry of Micro, Small and Medium Enterprises (MSME) has set out a notification dated June 26, 2020 regarding the new registration process called ‘Udyam Registration’ and classification of MSMEs. Under this all the existing enterprises registered under EM-Part II […]

Sponsored
Sponsored
Search Post by Date
November 2024
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930