Del. HC: Denying Seat to Candidate Due to Administrative Fault Would be Unjust || All. HC: Not Mandatory for Passport Authority to Impound Passport of Accused Persons || Raj. HC: In Absence of Statutory Rules, Denying Appt. on Basis of Minimum Height is Discriminatory || MP HC: Party Required to Lay Factual Foundation for Getting Benefit of Section 65 of Evidence Act || Ker. HC: Settlement of Cases Including Offence of Rape & POCSO Act Offences is Not Permissible || Gujarat High Court: Wife Allowed to Become Guardian & Manager of Husband in Coma || SC: Partition of Property Can’t be Done by Metes & Bounds in Chandigarh || SC Approves Requirement for Judicial Officers to be Converse With Local Language || Kerala High Court: Denial of Ordinary Leave Reduces Convict’s Chances of Rehabilitation || Delhi HC Issues Circular Regarding Pass-Overs or Adjournments in Bail, Parole Matters

Comments invited on minimum alternate tax report- (Ministry of Finance ) (28 Apr 2016)

MANU/PIBU/0402/2016

Direct Taxation

The Central Board of Direct Taxes is receiving comments on the recommendations of the Committee on Minimum Alternate Tax for Indian Accounting Standards till 10 May 2016.

The Committee submitted its Report on 18 March 2016, taking into consideration Ministry of Corporate Affairs input on assessment of net profit. The Report discusses adjustments that must be made to net profit on account of unrealised gains. It also provides for reporting of adjustments in the opening Ind AS balance sheet, which may differ from Indian GAAP financial statements.

Tags : MINIMUM ALTERNATE TAX COMPANY IND AS

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