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Top News In Income Computation Today - Breaking & Trending Today

Opening And Closing Stock Of The Year Is To Be Valued By Applying Same Methodology: Kerala High Court

The Kerala High Court has held that the stipulation under Clause 16 of the Income Computation and Disclosure Standards (ICDS) for the adoption of first-in, first-out (FIFO) or weighted average cost. ....

Justice Dinesh Kumar Singh , Ajay Vohra , Kerala High Court , Income Computation , Disclosure Standards , Assessment Year , Finance Act , Central Government , Income Tax Act , Official Gazette , Accounting Standards , Financial Year , Income Tax , For Petitioner ,

No specific ICDS, ITAT Disallows Deduction On Marketing & Sales Expenses To Real Estate Developer

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has disallowed the deduction of marketing and sales expenses accumulated in work-in-progress as per accounting standards and revenue. ....

West Bengal , Kolkata Bench , Income Tax Appellate Tribunal , Rajpal Yadav , Vice President , Girish Agrawal , Accountant Member , Income Computation , Disclosure Standards , Chartered Accountants ,

Dalal Street looks for abolition of STT

The biggest positive trigger for Dalal Street in the upcoming Union Budget 2022 could be any abolition of Securities Transaction Tax. The street will watch if the government is able to reverse the economic downturn caused by Covid-19 which has led to severe financial disruption at both industrial and individual levels. ....

Union Budget , Mehta Group , Union Bugdet , Dalal Street , Securities Transaction Tax , Income Computation , Disclosure Standards , Covid 19 , Market Participation , Re Examination Of Laws ,