Ind AS 116 is effective from 1st April 2019 for all companies preparing their financials in compliance with Indian Accounting Standards by replacing Ind AS 17. New standard requires Lessees to follow single accounting model for all leases. For lessors, there is little change to the existing accounting under Ind AS […]
When online games hit the very digital surveys, then they had taken the entire digital world by simply storm. Every one was playing online games and non-e have now been left behind. Individuals from other parts of the globe were playing the very video game, and players spans all ages-from the […]
If you as a rule wind up bursting down into that an active song and then dance routine every time your favorite song comes on the radio or your own body’s Spotify playlist, then Musical. Ly may be something value exploring when you’re thinking filming your own body’s effectiveness abilities and […]
We are honored to have received Two Awards at the Intuit Quickbooks Excellence Awards 2013 in association with Bloomberg TV India at Delhi on 21st November 2013. Naresh J Patel & Co, Chartered Accountants received “ACCOUNTANT OF THE YEAR” and for NRI Advisory received “CUSTOMER CENTRIC BUSINESS OF THE YEAR”. At the event, total […]
· Applicability: From Assessment year 2013-14. The provision of transfer pricing have been extended to cover “specified domestic transactions”. Due Date of filing return of Income is 30th November 2013. · Coverage: Any Assessee having Specified Domestic Transaction need to comply with the requirements. Specified Domestic Transaction is defined as: Any of the […]
In less than 7 weeks since we started tracking visitors on our 2 month old blog, without any promotion, our blog has witnessed Over 1,500 reads Visitors from 53 countries Visitors from every part of the world and ALL continents Average daily 30 quality visitors (any visit less than 120 seconds does not count) […]
On June 26, Sebi notified that annual accounts of companies that carry a qualification by their auditors will have to go for a restatement. The notification said all such audit qualifications will have to be mentioned in a form (Form A: ‘Unqualified’ / ‘Matter of Emphasis Report’ or Form B: ‘Qualified’ […]
CBEC (Central Board of Excise and Customs) Circular No. 163/14/2012 –ST dated July 10, 2012 clarified that there is no service tax per se on the amount of foreign currency remitted to India from overseas. This is a good news for NRIs as they will not be charged any service tax on money […]
Currently, there are lots of negatives news, events and circumstances related to Indian Market such as India’s Rating India has lowest Investment grade rating by rating agencies (BBB-). One more downgrade will change its status to non-investment grade i.e. Junk S&P has negative outlook on India i.e. there is higher probability […]