Account & Audit

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June 1, 2024

Calculation of Lease Liability After Reduction of Agreed-upon Lease Space | Ind AS 116

The lessee can account for … Continue reading “Calculation of Lease Liability After Reduction of Agreed-upon Lease Space | Ind AS 116”

Blog, News, Account & Audit

May 31, 2024

Accounting Treatment of Concession Agreement in the Aeronautical Industry Under the AS Framework

A concession agreement is a … Continue reading “Accounting Treatment of Concession Agreement in the Aeronautical Industry Under the AS Framework”

Blog, News, Account & Audit

May 30, 2024

Accounting Treatment for Social Security Scheme Trust Fund Ind AS 19 | Defined Benefit Plan or Defined Benefit Obligation

Employee benefits include benefits provided … Continue reading “Accounting Treatment for Social Security Scheme Trust Fund Ind AS 19 | Defined Benefit Plan or Defined Benefit Obligation”

News, Blog, Account & Audit

May 29, 2024

Checklist for Clauses 5 to 8 of Form 3CD in Tax Audit under the Income Tax Act, 1961

Section 44AB of the Income … Continue reading “Checklist for Clauses 5 to 8 of Form 3CD in Tax Audit under the Income Tax Act, 1961”

Blog, News, Account & Audit

May 28, 2024

Accounting for Lease Term Modifications Under Ind AS 116 | Lessee’s Perspective

A lessee shall account for … Continue reading “Accounting for Lease Term Modifications Under Ind AS 116 | Lessee’s Perspective”

Blog, News, Account & Audit

May 27, 2024

Checklist for Clauses 1 to 4 of Form 3CD in Tax Audit under the Income Tax Act, 1961

Section 44AB of the Income … Continue reading “Checklist for Clauses 1 to 4 of Form 3CD in Tax Audit under the Income Tax Act, 1961”

Blog, News, Account & Audit

May 24, 2024

ICMAI Issues an Updated Version of CAS-2 (Revised 2024), Replacing CAS-2 (Revised 2015)

The Cost Accounting Standards Board … Continue reading “ICMAI Issues an Updated Version of CAS-2 (Revised 2024), Replacing CAS-2 (Revised 2015)”

Blog, News, Account & Audit

May 24, 2024

[Opinion] Not-for-profit Entities in USA | Key Audit Considerations

Sundeep Gupta &  Shivam Agarwal … Continue reading “[Opinion] Not-for-profit Entities in USA | Key Audit Considerations”

Blog, News, Account & Audit

May 23, 2024

ICAI Releases Exposure Draft on Proposed Networking Model for LLP Firms

A new network model seems … Continue reading “ICAI Releases Exposure Draft on Proposed Networking Model for LLP Firms”

Blog, News, Account & Audit

May 23, 2024

ICAI Releases an Exposure Draft on the Proposed Merger & Demerger Guidelines for Public Comment

The Committee for Aggregation of … Continue reading “ICAI Releases an Exposure Draft on the Proposed Merger & Demerger Guidelines for Public Comment”