Monthly Archives: June 2016

IAS 101 for deemed cost of Property, Plant and Equipment

IAS 101 for deemed cost of Property, Plant and Equipment Issue: Ind AS 101 provides that the net carrying amounts of all of its Property, Plant and Equipment as per previous GAAP can be used as deemed cost on the date of transition to Ind AS. In that case, whether the accumulated depreciation and provision […]

The Best capital protection investment plan?

The Best capital protection investment plan? Protection of your capital is a Big task ! You have your higher studies planned, EMI to take care of and a huge college fees for your children awaiting to empty your purse in couple of years. And, of course, unwanted emergencies like health issues and uncertainty at work […]

Prime Minister speaks (Mann Ki Baat) on Income Declaration Scheme

Prime Minister speaks (Mann Ki Baat) on Income Declaration Scheme The Honourable Prime Minister, Shri Narendra Modi, in his radio programme, Mann ki Baat aired on Sunday, 26th June, 2016, advised his countrymen about the benefits of declaring hitherto undeclared assets under this scheme. He asked people to declare their undisclosed income and assets, making […]

Import of milk and milk products from China – Prohibited

Import of milk and milk products from China – Prohibited S.O. (E): In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby, makes the following amendment in ITC (HS) 2012, […]

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