Allahabad HC: Victim Compensation under POCSO Act Cannot be Withheld For Lack of Injury Report || MP HC: Diverting Goods From Delivery Point is Misappropriation under S.407 IPC || Delhi HC: Bar Associations are Not ‘State’ under Article 12 as They Do Not Perform Public Functions || Delhi HC: Pending Probate Proceedings Do Not Prevent Filing FIR For Alleged Will Forgery || Ker HC: Dismissal For Default Alone Cannot Justify Rejecting Restoration Plea For Lack of Vigilance || SC: Disclosure Statements Alone Cannot Secure Conviction Without a Complete Chain of Evidence || Supreme Court Orders Reporting of Student Suicides and Bans Denial of Classes or Exams || SC: Govt Can Exclude Overqualified Candidates From Posts Requiring Lower Qualifications || SC: Contracts to Hire Global Speakers For Media Summits are Not Taxable as Event Management Services || SC: Mandatory Injunction Suit Alone is Not Maintainable When Plaintiff’s Title is Disputed

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

Share :