accounting standards in brief


CBDT notifies new Safe Harbour Regime

In order to reduce transfer pricing disputes to provide certainty to taxpayers to align safe harbour margins with industry standards and to enlarge the scope of safe harbour transactions the Central Board of Direct Taxes CBDT has notified a new safe harbour regime based on the report of the Committe

Implementation schedule of the new CA course

Revised Scheme of Education and Training for CA Course FAQs and Implementation Schedule The Institute of Chartered Accountants of India ICAI has formulated the Revised Scheme of Education and Training in lines with International Education Standards issued by International Federation of Accountants I

CBDT invites comments on draft ICDS on Real estate transactions

Central Board of Direct Taxes CBDT invites comments from stakeholders on Draft Income Computation and Disclosure Standards on Real Estate Transactions by 26th May 2017 The Committee constituted by the Finance Minister to suggest the areas in respect of which further Income Computation and Disclosure

14th National Awards for Excellence in Cost Management

The Institute of Cost Accountants of India a premier Cost and Management Accounting body instituted the National Awards for Excellence in Cost Management in the year 2003 to recognize and honour organizations which have succeeded through efficient and innovative approaches in cost management Partici

Inviting expression of interest from CA firms for Indian Railways project

ICAI Accounting Research Foundation ICAI ARF established by the Institute of Chartered Accountants of India in January 1999 as a Section 25 Company under the Companies Act 1956 now a Section 8 Company under the Companies Act 2013 for promoting research in the areas of accounting auditing capital mar

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Accounting entry

If we purchase printing stationary Rs10000 from unregistered dealer how can I accounting entries purchase Bill under RCM Then how can pass accounting entry raised RCM

Accounting entries.

If I purchase printing and stationary Rs 10000 from unregistered dealer how can I accounting entries in purchase Bill under RCM Then how can I accounting entries raised RCM

Trade Union Accounting and Taxability.

Kindly guide me on Workers Trade union s Accounting and Taxation What is the Financial year for Such workers trade union which is formed under Trade union act 1926 Thank you

Accounting in ind as - whether indas 109 for loans & borrow

In accordance to Ind AS 109 Financial Instruments financial assets and liabilities are classified into three categories whether loans advance under assets side and loans under liabilities applicable for valuation under amortised cost If yes whether difference in valuation shall be profit loss prepai

Accounting entry

What will be account head for 1 stamp paper for affidavit 2 charges of Notary Public for affidavit attestation of documents 3 Earnest Money Deposit 3 Tender paper cost


Looking for accounting and finance interns/article assistant

Job Descripttion Coordinate deposit activities and perform all necessary account bank and other reconciliations Check verify and process invoices analyze unpaid invoices and maintain vendor files Assist in month end reporting procedures Find and use accounting data to resolve accounting problems and


when we are paying expense is it mandatory to book on person name after expense out or can we directly making payment in respective expense headalso explain its statutory implication

Please suggest a best accounting software with gst

I use a crack version of Tally 9 Plz suggest what to use for GST should I go for Tally or BUSY Any idea about the cost of software Any free software available in market


what was the changes in tally accounting under the GST act

Turnover limit of a unregistered trader and accounting.

1 what is limit of turnover of an unregistered trader 2 can an unregistered trader purchase goods from an unregistered trader 3 can he purchase goods from interstate from a registered or unregistered trader 4 can he sale goods in state and other state to a registered or unregistered trader 5 is he i

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A brief introduction of taxes to be subsumed under GST

GST is all set to roll out from 1 July 2017 Broadly GST is referred as One nation one tax GST is one indirect tax for the whole nation converting India into the single unified market GST is a single tax on the supply of goods and services right from the manufacturer to the consumer Credits of input

How to apply accounting concept to our real life?

1 Substance over form If someone is doing something dont focus on what form he is doing always focus on WHY substance is he doing Suppose if the teacher is scolding you in front of all students dont blame teacher analyze why is he scolding me what will he get by scolding me he is trying to change me

MBA in Forensic Accounting

Everything you need to know about BML Munjal UniversitysMBA in Forensic Accounting With an increase in demand and supply transactions worth billions are made across the globe With increased revenues and higher prospects the chances of fraud and other such unethical activities have also skyrocketed c

New Lease Accounting Standard

The new ASU Accounting Standards Update for Leases Topic 842 under USGAAP has been issued by FASB For public companies the ASU is effective for fiscal years and interim periods within those fiscal years beginning after December 15 2018 Thus for a calendar year company it would be effective January 1

Brief GST tax rates after the two day meeting

A brief of tax rates for products under GST No tax No tax will be imposed on items like fresh meat fish chicken eggs milk butter milk curd natural honey fresh fruits and vegetables flour besan bread prasad salt bindi Sindoor stamps judicial papers printed books newspapers bangles handloom etc 5 Item

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Updated on : 6/19/2017 6:07:19 PM

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