The entire IAS 39 Financial Instruments: Recognition and Measurement, on which AS 30 Financial Instruments: Recognition and Measurement was based, has been replaced by IFRS 9 Financial Instruments. Therefore, the Government of India opted to notify Ind AS 109 Financial Instruments in correspondence to IFRS 9 and not IAS 39. Also, AS 30, AS 31 and AS 32 on ‘Financial Instruments’ were earlier proposed to be made mandatory for Level I entities only.
Sir, it is humbly submitted that filing of these forms i.e. MGT -7, AOC-4; AOC-4 CFS and AOC 4 (XBRL) be permitted till December 31, 2015, without additional fee, considering the practical difficulties, being faced by the stakeholders.
The Union Finance Minister Shri Arun Jaitley in his Budget Speech 2015 had indicated that the rate of Corporate Tax will be reduced from 30% to 25% over the next four years along with corresponding phasing-out of exemptions and deductions. This is a step towards simplification of tax laws, which is expected to bring about transparency and clarity.
In terms of the decision taken by the Council following advice received from the Income Tax Department, the Permanent Account Number (PAN) Card details of the members and firm of chartered accountants are required to be included in the Central Database of the Institute.
Chairman, CBEC holds a Meeting to strengthen the Institution of Indirect Tax Ombudsmen (ITOM); ITOM, in turn, to hold Meetings with the Trade and Industry Associations in their Jurisdiction and Encourage the Taxpayers to bring forth their Problems/ Issues. The Indirect Tax Ombudsmen (ITOM) will be holding meetings with the trade and industry associations in […]
Recommended Date of implementation: 01.01.2016 Minimum Pay: Based on the Aykroyd formula, the minimum pay in government is recommended to be set at ₹18,000 per month. Maximum Pay: ₹2,25,000 per month for Apex Scale and ₹2,50,000 per month for Cabinet Secretary and others presently at the same pay level. Financial Implications: The total financial impact […]
We are happy to inform that the eighth Workshop in the above series is being organised on the Theme Swachh Bharat Cess and Cenvat Credits under Excise and Service Tax and their relevance in GST on Thursday, 26 November, 2015 from 09:30 am till 01:20 pm at PHD House, New Delhi. The Workshop will be followed by lunch
Can the brand owner or non-resident entity/entities undertake single brand retail trading of the specific brand through more than one company in India?
Whereas the Official Liquidator attached to the Hon’ble High Court of Punjab and Haryana has moved the following application Under Section 481 of the Companies Act, 1956 for dissolution of the Companies enlisted below.
नरेन्द्र दामोदर दास मोदी ने देश के प्रधानमंत्री पद का भार संभालने के साथ ही देश की समग्र विकास के लिए विदेशी निवेश के लिए सफल प्रयास शुरु कर दिये है। उन्होंने अपनी प्रत्येक विदेश यात्रा में जिनमें मुख्यतः जापान, अमेरिका और आस्ट्रेलिया में देश के औद्योगिक व अन्य क्षेत्र के विकास के लिए विदेश में रह रहे अप्रवासी भारतीयों के साथ विदेशी उद्योगपतिओं को भारत में निवेश करने का आमंत्रण दिया, जिसको सभी ने सहर्ष स्वीकार किया।
