SC: Appeal U/S 374 CrPC/415 BNSS is Not Maintainable Against Sessions Court's Reversal of Acquittal || SC Asked the Centre to Promote Awareness About the Consequences of Driving With an Expired Licence || SC Explains How a Deceased Christian Wife's Property Devolves under the Indian Succession Act || Supreme Court: Reach Stacker isn't a Motor Vehicle; MACT Claim Not Maintainable || Supreme Court: Lift Makers, Operators and Owners Share Responsibility for User Safety || Patna HC: Pressure to Sign Divorce and Child Custody does not Amount to Cruelty || Bombay HC: Externment under the Police Act Requires Satisfaction About a Gang's Activities || Bombay HC: False Travel Distance Claim Alone Doesn't Constitute Misappropriation || J&K&L High Court: Interest on Delayed Gratuity is Not a Mandatory Pre-Deposit For an Appeal || Meghalaya HC: Meritorious Candidate Cannot Be Denied Admission For a Two-Minute Delay

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 :