Ind AS40 : Investment Property

Ind AS40 : Investment Property
An investment in property is a real estate property that has been purchased with the intention of earning a return on the investment either through rent or resale of the

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Section 80P (4) of Income Tax Act 1961

Section 80P (4) of Income Tax Act 1961
A lot of misunderstanding among the ITATs,Income tax authorities,legal practitioners and Chartered accountants on the applicability of the provisions of Section 80P of Income Tax Act 1961.

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Critical issue of removal of auditor

Critical issue of removal of auditor
Many professionals have been raising question on interpretation/ procedure for removal auditor:-
Situation:
The Companies Act, 2013 permits removal of auditor before completion of his term. The procedure for

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General Impact of GST on Indian Business

General Impact  of GST on Indian Business
Various companies are rushing to merge their subsidiaries with themselves ahead of the implementation of Goods and Services Tax (GST) to reduce tax, operational and administrative costs and

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Restrictions imposed u/s 269ST on Cash Receipts

Restrictions imposed u/s 269ST on Cash Receipts
The Finance Bill 2017 introduced a new Section 269ST in the Income Tax Act. The new section will impose restriction on receipt of any amount exceeding Rs.3 lakhs

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Cenvat credit on inoivces issued by Third Stage Dealer

Cenvat credit on inoivces issued by Third Stage Dealer
Cenvat credit admissibility is based purely on the invoices issued in this regard. The invoice can be issued by the manufacturer or by the dealers registered

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