Category: Income Tax
CBDT has issued revised/ updated version of Guidance Note for compliance with FATCA & CRS Reporting Requirements under Income Tax Rules 114F ~ 114H for help of the Financial …
Section 32 of Income Tax provides for additional depreciation equal to 20% of actual cost in the case of any new machinery and plant (other than ships and aircraft) …
CBDT clarifies that compensation received in respect of Compulsory Acquisition of Non agricultural Land is Tax Free, as under: CBDT Income Tax Circular 36/2016 dt. 25/10/2016: Compulsory Acquisition of Non …
CBDT’s revised Income Computation and Disclosure Standard (ICDS)-10 corresponding to AS-29 of ICAI, for provisions, contingent liabilities and contingent assets of an enterprise. Preamble This Income Computation and Disclosure …
CBDT’s revised Income Computation and Disclosure Standard (ICDS)-9 corresponding to AS-16 of ICAI, for treatment of borrowing costs by an enterprise. Preamble This Income Computation and Disclosure Standard is …
CBDT’s revised Income Computation and Disclosure Standard (ICDS)-8 corresponding to AS-13 of ICAI, for transactions relating to securities held as stock-in-trade of an enterprise. Preamble This Income Computation and …
CBDT’s revised Income Computation and Disclosure Standard (ICDS)-7 corresponding to AS-12 of ICAI, for treatment of Government grants by an enterprise, including subsidies, cash incentives, duty drawbacks, waiver, concessions, …
CBDT’s revised Income Computation and Disclosure Standard (ICDS)-6 corresponding to AS-11 of ICAI, for treatment of forex transactions, forward forex contracts, etc., to reflect the effect of changes in …
CBDT’s revised Income Computation and Disclosure Standard (ICDS)-5 corresponding to AS-10 of ICAI, for treatment of tangible fixed assets in the books of account of an enterprise. Preamble This …
CBDT’s revised Income Computation and Disclosure Standard (ICDS)-1 corresponding to AS-1 of ICAI, for adoption and disclosure of significant accounting policies by an enterprise. Preamble This Income Computation and …