WebSep 16, 2024 · As per Section 115H, an individual with Non-residential Status (NRI) gets a certain amount of concession on the tax rates applicable on Interest earned from their deposit or any Interest Income. WebDec 16, 2015 · The standard also specifies when an entity should reverse an impairment loss and provide disclosures while preparing and presenting the financial statements. This standard shall not apply to: Inventories Contracts that are recognized in accordance with Ind AS 115 Deferred Tax Assets Financial Assets
Overview of Ind AS 116, ‘Leases’ and other recent Ind AS …
WebA note on Draft Ind AS 116 Leases The Accounting Standard Board has issued an exposure draft on Ind AS 116, Leases, with a proposed effective date of 1st April, 2024, subject to notification by Ministry of Corporate Affairs and Ind AS 116 supersedes Ind AS 17 ‘Leases’. Ind AS 116, “ Leases” will be applicable on the companies WebInd AS 116 defines a lease as a contract, or part of a contract, that conveys the right to use an asset (the underlying asset) for a period of time in exchange for consideration. Under … eagle buffert labor day buffet
Applicability of IND AS – Indian Accounting Standards
WebJul 23, 2024 · Minimum Alternate Tax (MAT) for Ind AS 115 complaint companies. 1. The Finance Act, 2024 amended section 115JB of Income-tax Act, 1961 to provide the … WebSep 19, 2015 · Cleartax GST Offline Guide ... 113 Fair Value Measurement Indian Accounting Standard (Ind AS) 114 Regulatory Deferral Accounts Indian Accounting Standard (Ind AS) 115 Revenue from Contracts with Customers Indian Accounting Standard (Ind AS) 1 Presentation of Financial Statements Indian Accounting Standard (Ind AS) 2 Inventories … Web• Ind AS 16’s requirements on Initial Direct Costs are consistent with the concept of incremental costs in Ind AS 115 Under Ind AS 116, Initial Direct Costs exclude costs that are incurred regardless of whether lease is obtained (e.g., certain legal advice). eagle buffers