Recent Posts

CBDT Deferred Clause 30C (GAAR) and 44 (GST) of Revised 3CD Report

CBDT Deferred Clause 30C (GAAR) and 44 (GST) of Revised 3CD Report till 31.03.2019

CBDT has issued a Circular to defer implementation of Clause 30C on GAAR and Clause 44 on GST, of the Revised Tax Audit Report Form 3CD upto 31 March 2019, earlier notified on 20 July 2018 to be applicable from 20 Aug. 2018 in view of representations from stakeholders, like …

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ICAI issues Draft List of Voters as on 1.4.2018, invites comments/suggestions

I. Members may be aware that the next elections to the Council and Regional Councils are scheduled to be held on 7th and 8th December, 2018 in cities having 2500 or more members and on 8th December, 2018 at all other places having 25 or more members in a city or …

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ICAI issues Exposure draft of Accounting Standards for Local Bodies -23 (ASLB 23)

ICAI issues Exposure draft of Accounting Standards for Local Bodies -23 (ASLB 23)

The Committee on Accounting Standards for Local Bodies (CASLB) has been formulating Accounting Standards for Local Bodies (ASLBs) since March, 2005. So far, the Committee has issued fifteen ASLBs. Moving forward in this direction, the Committee has finalised the Exposure Draft of ASLB 23, ‘Revenue from Non-Exchange Transactions (Taxes and Transfers)’. Revenue …

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