The CBDT has clarified about the eligibility for deduction u/s 80-IB/ 80-IC in respect of revenue receipts (i.e. Transport, Power and Interest subsidies) of an Industrial Undertaking/ eligible business, …
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 …
ICAI has announced withdrawal of ‘AS 30 on Financial Instruments: Recognition and Measurement’, ‘AS 31 on Financial Instruments: Presentation’ and ‘AS 32 on Financial Instruments: Disclosures’, as under: ICAI …
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) …
The ASB of ICAI has issued Clarifications/ FAQs on Dividend Distribution Tax (DDT) to clarify the requirements relating to presentation of Dividend and DDT as per Ind AS, as …
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 …
The Auditing and Assurance Standards Board of the ICAI has issued the Revised Guidance Note on Audit Reports and Certificates for Special Purposes, which supercedes the 1984 edition of this …
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 …