Interest-free Loan from employer taxable as Perquisite: ITAT Mumbai
Held: The value of the interest free loan is taxable in the hands of the employee as perquisite as per section 17(iii)(c) of the Income...
MCA amends various rules such as Accounting standards, Management and administration, etc
MCA has recently published Amendment rules for the following : a) Companies (Accounting Standards) Amendment Rules, 2018. b) Companies (Management and Administration) 2nd Amendment Rules, 2018 c) Companies...
No eWay Bill shall be required within the state of Delhi where the consignment value does not exceed Rs. one lakh only.
The Delhi Goods and Services Tax Rules, 2017, no e Way Bill in respect of movement of goods originating and terminating within the State of...
Indian Valuation Standards as issued by the Institute of Chartered Accountants of India effective for the valuation reports issued on or after 1st July, 2018.
ANNOUNCEMENT The Institute of Chartered Accountants of India (ICAI) issues Valuation Standards as a benchmark for Valuation Practices applicable for Chartered Accountants Recognising the need...
Technical guide on understanding Income tax return forms for AY 2018-19
Recently, amid of the changes in the Income tax return forms for AY 2018-19, the Institute of Chartered Accountants of India (ICAI) has published “Technical...
Indian Valuation Standards issued by ICAI
The Institute of Chartered Accountants of India (ICAI), on 10th June 2018, has issued Indian Valuation Standards effective for the valuation reports issued on or...
E-Handbook on GST amendments released by ICAI
The Institute of Chartered Accountants of India (ICAI), on 8th June 2018 released E- Handbook on GST amendment which covers the aspects / provisions under...
Notification under FCRA specifying the Officers for compounding the offences
MINISTRY OF HOME AFFAIRS NOTIFICATION New Delhi, the 5th June, 2018 S.O. 2291(E).—In exercise of the powers conferred by sub-section (1) of Section 41 of...
No GST on free bank services. GST on Mutual funds exit loads. (Source – FAQs on Banking, Insurance and Stock broker sectors)
A big relief comes to the Banking customers as the Government on sunday clarified that the services such as withdrawals from ATMs, issuance of chequebooks...
No GST on “Duty Free Shops” at Airports
The travelers of the International flights do not have to pay the Goods and Services Tax (GST) while purchasing the goods from the Airport’s duty...
Accounting standards for Local Bodies (ASLB) issued by ICAI
The Institute of Chartered Accountants of India (ICAI) has issued Accounting standards for Local Bodies. To download the Accounting standards, click the below mentioned links:-...