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Amendments: Ind AS 16- Property, Plant and Equipment

Introduction As per Ind AS 16, cost of Property, Plant and Equipment (PPE) comprises of the following ▪ Purchase price: Purchase price, including import duties and non-refundable purchase taxes, after deducting trade discounts and rebates ▪ Directly attributable costs: Any costs directly attributable to bringing the asset to the location and condition necessary for it …

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BookKeeping Services

In publishing and graphic design, Lorem ipsum is a placeholder text commonly used to demonstrate the visual form of a document or a typeface without relying on meaningful content. Lorem ipsum may be used as a placeholder before final copy is available.In publishing and graphic design, Lorem ipsum is a placeholder text commonly used to …

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Analysis On Computation Of Capital Gains On Dissolution Or Reconstitution Of A Partnership Firm

Where any assets got transferred to the partner in any previous year on reconstitution or dissolution of the firm, the tax implications are always in question to us. To clarify whether such transfer is taxable in the hands of the firm or the partner, this article discusses the recent guidelines and clarifications issued by CBDT …

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