Tag: Clarifications
CBDT notifies the revised ICDS (I to X) applicable from FY 2016-17 (AY 2017-18) excluding the cases of Individuals and HUF not subject to Tax audit. Also issues draft …
The CBIC has clarified certain issues relating to applicability of GST based on Reverse Charge Mechanism (RCM) in the case of legal services provided by Advocates. Further, CBEC has asserted that …
The ICAI has announced that Members holding COP and CA Firms/ Companies (where he/she is a partner/ director) can provide services as “Insolvency Professional” (as part of “Management Consultancy …
CBDT has simplified/revised the procedure for e-filing of Form 15G/ 15H (declaration forms for no TDS) and clarified the due dates for quarterly submission by payer and annual submission …
ICAI has reviewed the members’ concerns and has announced that the effective date of certain Standards on Auditing, i.e. Revised SA 700, SA 701, Revised SA 705 and Revised …
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, …
ASB of ICAI has replied to the question raised by Ind AS Transition Facilitation Group as to “whether the accumulated depreciation and provision for impairment under previous GAAP would …
The ICAI has clarified on FAQs regarding the requirements to prepare Consolidated Financial Statements in accordance with the applicable Companies Rules and the Accounting Standards, as under: These FAQs …
The CBDT vide Circular No. 12/2016 dt. 30th May, 2016 has clarified that claim for any bad debt or part thereof in any previous year, shall be admissible under section 36(1)(vii) of …
The ICAI vide Announcement dt 17 May 2016 has clarified that Form GNL 1 is applicable for making changes in Memorandum of Association (MoA) by Section 8 Companies instead …