Blog
Latest Updates
[Global Financial Insights] IASB Finalizes Revised Management Commentary and More
This week’s Global Financial Insights covers significant updates in financial reporting and auditing practices: IASB finalizes revised Management Commentary: The IASB has completed the technical work on the revised IFRS Practice Statement 1, set for release in 2025....
SEBI Amends NCS Regulations | Insert Norms Relating to ‘Issuance of Environment, Social & Governance Debt Securities’
Notification No. SEBI/LAD-NRO/GN/2024/217; Dated: 11.12.2024 SEBI has notified the SEBI (Issue and Listing of Non-Convertible Securities) (Third Amendment) Regulations, 2024. A new regulation 12A relating to ‘Issuance of Environment, Social and Governance Debt...
Clarification on Revenue Recognition Methods and Cost Recognition Under Ind AS 115 for Shipbuilding Contracts
This story provides a detailed overview of revenue recognition under Ind AS 115, with a focus on the complexities faced by a public limited company operating in the shipbuilding industry. It addresses critical concerns such as the appropriate method for measuring...
IFSCA Renews Recognition of ‘India International Bullion Exchange’ as Bullion Exchange & Clearing Corp Till 08.12.2025
Notification No. IFSCA-PMTS/9/2023, Dated: 05.12.2025 The International Financial Services Centres Authority (IFSCA) has renewed recognition of ‘India International Bullion Exchange IFSC Limited, Gujarat’ as Bullion Exchange and Bullion Clearing Corporation for one...
HC Deleted Penalty as Delay in Obtaining Audit Report from Statutory Auditors Under Societies Act is a Reasonable Cause
Case Details: Chavakkad Service Co-Operative Bank Ltd. vs. Income Tax Officer - [2024] 169 taxmann.com 45 (Kerala) Judiciary and Counsel Details A.K. Jayasankaran Nambiar & K.V. Jayakumar, JJ. P.C. Sasidharan, Arjun Raghavan, Smt. Pooja Pankaj & T.R....
CBDT successfully achieves target of month long Special Campaign 4.0
Publish Date : Tuesday, November 5, 2024Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1211/Press-Release-CBDT-successfully-achieves-target-of-month-long-Special-Campaign-4.0-dated-05-11-2024.pdfsource