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LEASE ACCOUNTING NORMS
Income Tax Act 2025: New rules to kick in from April; why you should recalculate before deciding between old and new tax regimesWith the overhauled Income Tax Act taking effect from 1 April, taxpayers must prepare for new rules—and the renewed old vs new tax regime d...
WeWork India clarifies on InGovern's IPO report over complianceWeWork India addressed multiple governance concerns raised by InGovern, clarifying issues on IPO structure, profitability route, promoter l...
Peak after peak... leasing of offices shows no fatigueIndia's office property market reached a new high in 2024, with the third consecutive year of record leasing driven by strong multinational...
India office leasing touches new peak for third consecutive year in 2024India’s office property market has achieved its third consecutive year of record leasing with 66.4 million sq ft, driven by multinational c...
PNB declares IL&FS Tamil Nadu Power Company's loan as fraud“A fraud of Rs. 2060.14 crore is being reported by the bank to RBI in the accounts of the company," PNB said in a regulatory filing to stoc...
Punjab & Sind Bank declares IL&FS account as fraud with Rs 399 crore outstandingThe NPA account Infrastructure Leasing & Financial Services Ltd (IL&FS) with outstanding dues of Rs 399.31 crore has been declared as fraud...
Sebi fines Raymond for violating market normsConsidering the stature of the firm, Sebi said it is expected "to maintain a higher level of due diligence in its compliance with the provi...
More large companies going the flexible office way“Work spaces are slowly getting integrated into global standards and environment. To thrive in such a dynamic environment, organisations ar...
Ind-AS 116 norms could impact profits of multiplexes, airlinesInd-AS 116 sets out principles for recognition, presentation and disclosure of leases.
Sebi orders attachment of bank, demat accounts of Micro Leasing to recover Rs 58 croreSebi in an order directed the banks to attach all accounts, including lockers held by the entities.
IRFC gets Rs 6,300 crore as accounting norms changeIn the case of IRFC, since its business continues to grow year after year, the accretion of DTL is much greater than reversal.
New accounting standards likely to create turbulence for airlinesIndia adopted IFRS on April 1, 2016. PwC estimates that the new accounting standard would impact at least 20 industries, ranging from retai...
Mines ministry issues directions to states to rescue 150 leases set to lapse next weekThis wil save about 150 mining leases, saved under Section 10(a) 2c of the act at the time of amendment, from lapsing next week, sources sa...
New accounting norms to impact financial statement reporting: ICAIThe government has notified the rules for Indian Accounting Standards (Ind AS) which will be mandatory for companies from April 1, 2016.
- ICAI working out separate accounting norms for SEZs
The Institute of Chartered Accountants of India is working out separate accounting norms for special economic zones (SEZs).
- SC refuses to stay AS-22
The Supreme Court on Monday refused to stay accounting standard AS-22 though it admitted the petitions of some corporate houses challenging...
- New accounting standards challenged in SC
A few corporates have moved the Supreme Court challenging the new accounting standards issued by the Institute of Chartered Accountants of ...