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Companies (Accounting Standards) Amendment Rules, 2018 notified by MCA: AS 11 amended

The MCA has notified the Companies (Accounting Standards) Amendment Rules, 2018, to amend Accounting Standard (AS) 11: The Effects of Changes in Foreign Exchange Rates (revised 2003) applicable w.e.f. 1 April, 2018, …
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ICAI withdraws Guidance Note on Accounting for Real Estate Transactions (Ind AS cases)

ICAI has withdrawn Guidance Note on Accounting for Real Estate Transactions (applicable to Ind AS entities), originally issued based on principles of Ind AS 11 (Construction Contracts) and Ind …
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PF Admin Charges reduced to 0.5% from 01/06/2018 and EDLI Admin Charges waived by EPFO

PF Admin charges have been further reduced from 0.65% to to 0.5% applicable w.e.f. 1 June 2018, subject to a minimum of Rs. 500/ Rs. 75 in the case …
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GSTR-3B Return Filing/ Tax Payment Due Dates, as Extended/ notified by CBEC: July 2017 to June 2018

CBIC has notified Monthly Due Dates, from time to time, for Summary Return Filing in Form GSTR-3B and for Tax Payment by 20th of the Following Month, during the …
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MCA Clarification on Deadline of ‘Condonation of Delay Scheme (CODS) 2018’

MCA has clarified about the applicable deadline of 1 May 2018 for filing requirements under e-CODS 2018, in respect of the cases where revival orders are pending before the …
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ICAI’s Clarification on Treatment of Enhanced Gratuity Ceiling (AS-15/ Ind AS-19)

To clarify the accounting treatment of the additional liability resulting from an increase in the gratuity ceiling under AS-15/Ind AS-19, the ICAI has released a list of frequently asked …
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Companies (Meetings of Board and its Powers) Amendment Rules notified by MCA

MCA notifies Companies (Meetings of Board and its Powers) Amendment Rules, 2018, inserting proviso to Rule 4 to allow directors to participate in meetings via video conferencing or other …
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ICAI’s Implementation Guide on Revised SA 700, 705 and 706

ICAI has issued Implementation Guide on Revised SA 700, SA 705 and SA 706, in view of new formats of audit reports having been prescribed under these audit standards …
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MCA Extends AOC-4 XBRL Filing Due Date upto 31/05/2018 for Ind AS Companies

MCA has announced further relaxation of additional fees and extension of last date upto 31/05/2018 for filing of AOC-4 XBRL E-Forms by Companies adhering to Ind AS Rules under …
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MCA to levy Additional Fee of Rs. 100/ day for Late Filing of Annual Return/ Financial Statements

MCA is in the process to levy Additional Fee of Rs. 100 per day for Late Filing of Annual Return/ Financial Statements (Forms 23AC, 23ACA, 23AC XBRL, 23ACA XBRL, …
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