IND AS 41First time adoption of Indian Accounting standards Scope of IAS 41 Ind-AS 41 is applicable to the first set of annual Ind-AS financial statements prepared by a company. The first Ind-AS financial statements are defined as the first annual f
Key Notes: Transfer pricing relates to the pricing of transactions (such as transfer of goods, services, intangibles and funds) that take place within affiliate segments of a group company in different tax jurisdictions. Transfer pricing is typica
Basic Understanding of Indian Depository Receipts (IDR) Standard Chartered Bank created history in the Indian Capital Market by becoming the first foreign company to come up with an IDR issue. This IDR issue prompted me to study the subject the su
VAT: NO DOUBLE TAXATION, YET DOUBLE REVENUE FOR STATES This small write out is a mere reminiscence of the existing VAT system.All of us know that VAT is a state subject. Just to recollect, the basis for calculation of VAT is as below,Total Assessable
AMENDMENTS IN SECTION 9(1) OF DVAT ACT. Before I express my views on the recent amendments in Sub-section (1) of Section 9, I would like to share a story with you. A person sitting with a cup of Tea surrounded by intelli
Please find below a useful corporate article containing some useful sample
PACKAGED SOFTWARES –ARE THEY COMPLETELY OUT OF SERVICE TAX? After a lot of deliberations and conclusions the Service tax department finally issued a circular (No.17/2010 dt.27.2.2010) exempting the packaged or canned software from Service t
Now a day’s cross border transactions, mergers and acquisitions became quite common in a regular business phenomenon. In this article I will discuss a few points as a course of initial observations to be considered while acquiring company- 1)
At the lunch table today, the matters in relation to the Bhopal Gas Leakage case 25 years back gave fuel to a grave discussion in my home!The main point of discussion was the way India's requests to extradite Warren Anderson, the former chairman of U
FINANCIAL REPORTING IN HYPERINFLATIONARY ECONOMIES-IAS 29 Since we are talking of accounting standards which are acceptable internationally, thus the quality of such standards making them stable and dependent in the long run for better presentation
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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