The Central Board of Direct Taxes (CBDT) has amended Tax Audit Report in Form 3CD by inserting/omitting clause(s) in the Income-tax Rules, 1962 by Income-tax (eighth Amendment) Rules, 2021 vide Notificati...
The Ministry of Corporate Affairs (MCA) has notified Companies (Accounts) Second Amendment Rules, 2021 which has deferred mandating audit trail feature in accounting software till 1st April 2022. MCA had earlier&...
What are the objectives of implementing this Ind AS? The objective of this standard is to prescribe the accounting treatment of inventories. It provides guidance on cost formulas to ascertain the value and determines ...
Ever wondered why our country’s financial year starts from 1st April and ends on 31st march? Ever wondered what other countries follow? Is it as same as ours or different? Maybe you have a misconception that oth...
In part 1 of Ind AS 1 we covered the objectives, Relevance, Role and basic points to be remebered while implementing. In this section we will cover the Key paragraphs, Disclosures oriented paragraphs and Carve Outs betwe...
What are the objectives of implementing Ind AS 1? Primarily this Ind AS objectifies the preparation and presentation of General purpose Financial Statement for profit oriented entities (Can also be applied by not-for ...
Firstly Thank you all the readers for showing interest in our content, this motivates us incredibly to write more blogs. This blog is in continuance of Blog "List of Ind AS and their related AS - Part 1" whi...
Ind AS or Indian Accounting Standards govern the accounting and recording of financial transactions as well as the presentation of statements such as profit and loss account and balance sheet of a company. Minis...
I was going through the Statistics of our Website and found out that we recently crossed 10,000 views mark in such a short span of time. First of all I would like to thank you all for showing Faith and showering us wi...
Filing Form GST PMT-09 1. What is Form GST PMT-09? Form GST PMT-09 is a form which enables you to perform intra-head or inter-head transfer of amount available in Electronic Cash Ledger. It facilitat...
