30 Forms – Registration of GST in India 30 Forms for Registration under GST prescribed 30 forms for GST Registration in India has been prescribed as er Final GST Registration Rules Approved by GST Council 18.05.2017 Sr No Form NO Description 1 GST REG 1 Application for Registration (Other than a non-resident taxable person, a person… Read More »
Income Declaration Scheme 2016 unearths Rs.65250 crore of hitherto Undeclared Income and Assets; 64275 declarations filed under IDS-2016 up to the midnight of 30th September, 2016 The Income Declaration Scheme, 2016 came into effect from 1st June, 2016. It provided an opportunity to persons who had not paid full taxes in the past to… Read More »
GST Registration Process- India – Video
Amendment to AS 2, 4, 6, 10, 13, 14, 21 and 29 issued by the Institute of Chartered Accountants of India, pursuant to issuance of amendments to Accounting Standards by the MCA 1. The Council of the Institute of Chartered Accountants of India (ICAI) at its 359th meeting held on August 16-17, 2016 noted that… Read More »
ICAI Guidance Note on Combined and Carve-Out Financial Statements Download Guidance Note on Combined and Carve-Out Financial Statements
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i)] Government of India MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, 1st October, 2016 G.S.R. …… (E).—ln exercise of the powers conferred by sub-sections (1) and (2) of section 469 ot- the Companies Act, 2013 (18 of 20’13), the Central Government… Read More »
Income Computation and Disclosure Standards -ICDS w.e.f AY 2017-18 CBDT has vide Notification No. 87/2016-Income Tax Dated: 29.09.2016 notified following new Income Computation and Disclosure Standards -ICDS- w.e.f AY 2017-18 Sr No ICDS No ICDS Relating to 1 ICDS-I Accounting Policies 2 ICDS-II Valuation of Inventories 3 ICDS-III Construction contracts 4 ICDS-IV Revenue Recognition 5 ICDS-V… Read More »
Source- Notification No. 87/2016-Income Tax Dated: 29.09.2016 Income Computation and Disclosure Standard -ICDS-IX relating to borrowing costs Preamble This Income Computation and Disclosure Standard is applicable for computation of income chargeable under the head “Profits and gains of business or profession” or “Income from other sources” and not for the purpose of maintenance of books of… Read More »
Source- Notification No. 87/2016-Income Tax Dated: 29.09.2016 Income Computation and Disclosure Standard -ICDS- VIII relating to securities Preamble This Income Computation and Disclosure Standard is applicable for computation of income chargeable under the head “Profits and gains of business or profession” or “Income from other sources” and not for the purpose of maintenance of books of… Read More »
Source- Notification No. 87/2016-Income Tax Dated: 29.09.2016 Income Computation and Disclosure Standard -ICDS-VII relating to government grants Preamble This Income Computation and Disclosure Standard is applicable for computation of income chargeable under the head “Profits and gains of business or profession” or “Income from other sources” and not for the purpose of maintenance of books of… Read More »