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Understand the impact of Ind AS on Non-Banking Financial Companies (NBFCs) in India. Learn about the applicability and roadmap of Ind AS for NBFCs....

The objective of the Ind AS 116 is to ensure that lessees and lessors provide relevant information in a manner that faithfully represents those transactions. To achieve this objective, the Standard sets out the principles for the recognition, measurement, presentation and disclosure of leases....

A. Updates Related to GST for the Month of February 2020. Finance Bill, 2020 Budget 2020 – Important changes proposed by the Finance Bill 2020 in GST regime: Budget 2020 was presented by the Finance Minister in the lower House of the Indian Parliament on 1st of February 2020. The Finance Bill, 2020 in this regard […]...

Diversification of jobs in Accountancy has resulted in increased demand for account professionals. Due to this, the Institute of Chartered Accountants of India (ICAI) revised the pattern of the CA course in 2017 and gave an option of selecting New or Old Syllabus to the students for studies. The students are actively choosing the new [&he...

ICAI has announced ‘Client KYC Norms’ mandatory w.e.f. 1 Jan. 2017 for compliance by ‘Members in Practice’ The ICAI has announced ‘Client KYC Norms’ mandatory w.e.f. 1 Jan. 2017 for compliance by ‘Members in Practice’ for maintaining requisite documentation/ information about the Clients. These norms shall apply in all ass...

A series of events overtook me few months back in such a way that I felt left alone amidst people. I know not why but when the feeling of loneliness comes, its effect is sometimes devastating leading to depression.  Is it because I smile when I actually want to cry, I talk but I want […]...

Why Actuarial Services of A Qualified Actuary is needed for computation of Gratuity Liability by Private Schools & Private Universities at Financial year end ? This article is in continuation with my earlier article “Payment of Gratuity Act is fully applicable to Teachers in Schools“. This article is attempt to give th...

Ind AS 16 – Property Plant and Equipment, Ind AS 105 – Non –current Assets held for sale and Ind AS 8 - Accounting Policies, Changes in Accounting Estimates and Errors....

I believe when we reach at final stage, we are already able to do great things. Study theory subjects on your own or atleast initiate it. Earlier, the better. Why? 1. It develops your interest in reading. Theory is something we tend to find boring. However, when you dive into it, you will understand it […]...

While a trust is registered under Section 12AA, the registration referred to therein shall be inoperative from the date of approval of the trustor organization pursuant to Section 10(23C) or Section 10(46) or from the date of entry into force of this proviso, i.e. 01/06/20020 as previously stated. New Article 12A(1)(ac) was introduced pro...