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Accounting Standard 22


Over 226.98 Lakh e-returns filed as on 5th August 2016 in FY 2016-17

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Sub Surging growth in Electronic filing of Income Tax Returns for F Y 16 17 reg The facility of e verification of IT returns has been used by over 75 3 Lakh taxpayers till 5th August 2016 as compared to 32 95

Framework for computation of book profit for the purposes of levy of MAT

Framework for computation of book profit for the purposes of levy of MAT under section 115JB of the Income tax Act 1961 for Indian Accounting Standards Ind AS compliant companies A Committee had been constituted with the approval of the Finance Minister to suggest the framework for computation of bo

ICSI president on passing of the bill paving way for GST

Dear Professional Colleagues Greetings from ICSI With the passage of Constitution Amendment 122nd Bill in Rajya Sabha on August 03 2016 ICSI welcomes one of the most significant tax reforms in the history of India The changes made in the Bill at Rajya Sabha will have to be subsequently ratified by L

Results of CA IPCC May 2016 exam declared

The Institute of Chartered Accountants of India ICAI established under the Chartered Accountants Act 1949 to regulate the profession of Chartered Accountancy It is one of the largest and prominent accounting body worldwide Chartered Accountancy profession has become a challenging career at the cutti

Time table for Nov 2016 CA exams released

No 13 CA EXAM N 2016 In pursuance of Regulation 22 of the Chartered Accountants Regulations 1988 the Council of the Institute of Chartered Accountants of India is pleased to notify that the Intermediate IPC and Final examination will be held on the dates given below at the following places provided

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Experts Opinions

Accounting treatement for emd

I want to ask a query about accounting treatment for Earnest money deposit what entry will be passed when we are submitting EMD to a party with tender documents

How to attend accounting statdard questions in hindi language

can a hindi medium student attend A s based questions in English

Accounts Payable or General Accounting or Fixed Assests

Deloitte is Hiring for accounts payable OR general accounting OR fixed assets Help me regarding what will be the interview procedure what type of questions they are going to ask and if any need to be known before going to attend interview Thanks

Accounting standard 6 & 10


Accounting treatment

I A Company have received some amount as security money Rs 10 lakhs against fixed assets issue to an agency agency after some time close his business and did not return my fixed assets How will i treat this amount of Rs 10 lakhs in my books of accounts I will be thank full if anybody reply soon


Selection of wrong accounting code

I have paid the service tax challan in which the amount of Swach bharat cess is by mistakely paid in Krishikalyan cess code vice versa The amount of both the taxes are different Kindly advise what should be the corrective mesure

Online business accounting

Hi Sir we are starting a new website of www textilebasket com customer place a order to textilebasket com then we are direct supply their order to our customer by courier company so we are confuse how to prepare customer accounting please give explain me as per below point 1 which a c we raise for s

Accounting adjustment for company

Hi I have two companies In which me and my husband are directors signatories x company is registereda a while ago where as y company i have recently registered it In process of registering there re various expenses i need to pay to suppliers and others which i did from X company I raised vouchers fr

Study AS 14 before doing accounting for corporate restructuring?

I wanted to know if should complete studying AS 14 before I start studying corporate restructuring Thank you

Accounting head

Respected All My query is Amount deposited in Capital Gain scheme 54F will be shown under which head Current Asset or Investment in balance sheet

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  • Detailed analysis The Constitution 122nd Amendment Bill 2014

    File contain detail analysis on 122nd constitution amendment If you really like please dont forget to thank us
  • Export of SCOMET items to Iran

    Authorization for export of items in categories 0 3 of the SCOMET List to Iran would be subject to the relevant provisions in Annexure B to the UN Security Council resolution 2231 2015
  • Transfer Pricing

    applicable for CA FINAL NOV 16 EXAMS an full fledged notes
  • An update on GST Constitutional Amendment Bill

    An update on GST Constitutional Amendment Bill Courtesy Shammi Kapoor
  • Professional Ethics - for CA Final Audit

    Professional Ethics is one of the most important Chapter for CA Final Audit This Chapter cover all Professional Ethics related questions appeared in previous CA Final Examination This Chapter is taken from the Book A Complete Guide for Advanced Auditing CA Final by CA Sumit Aggarwal http www amazon in s ref nb sb noss url search alias 3Daps field keywords 978 8193058022

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Significant changes introduced in the revised auditing standard - SA 570 going concern

The revised Auditing Standard introduced for SA 570 Going concern is for the audits of financial statements for the periods beginning on or after 01st April 2017 Significant changes introduced in the standard Scope The earlier standard which was effective for audits of financial statements for perio

Standards on Auditing - Not a choice but a compulsion

What are Auditing Standards The Standards on Auditing is an area which requires greater focus of CA in practice as well as our administrative bodies who are updating our members The Companies Act 2013 has discussed it in detail which was absent in erstwhile act As per Sec 2 7 auditing standards mean

Ind AS - IFRS Converged Accounting Standards applicable to India

On 16th February 2015 the Ministry of Corporate Affairs MCA has notified Companies Indian Accounting Standard Rules 2015 for applicability of Indian Accounting Standards Ind AS which shall come into force w e f 01st April 2015 Indian Accounting Standards are a set of accounting standards notified by

Income Computation and Disclosure Standards

Income Computation Disclosure Standards ICDSs ICDSs vis vis AS and ICDSs vis vis Judicial Rulings There are significant deviations between the notified ICDSs Accounting Standards Judicial Rulings which are likely to have the effect of advancing the recognition of income or gains or postponing the re

Hedge Accounting as per IND-AS

Purpose of the Article Hedge accounting is a method of accounting where entries for the ownership of a security and the opposing hedge are treated as one Hedge accounting attempts to reduce the volatility created by the repeated adjustment of a financial instruments value known as marking to market

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Updated on : 8/9/2016 7:12:17 PM


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