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The standards lays down the primary qualitative measures for conducting investigations. The full set of FAIS standards drafted for the forensic professionals by The Institute of Chartered Accountants of India (ICAI) with the help of group of professionals and experts is the first in the accounting world. [1]
Share Based Payment Ind AS 103 Business Combination Ind AS 104: Insurance Contracts Ind AS 105 Non-Current Assets Held for Sales and Discontinued Operations Ind AS 106 Exploration for and Evaluation of Mineral Resources Ind AS 107: Financial Instruments: Disclosures Ind AS 108 Operating Segments Ind AS 109 [10] Financial Instruments Ind AS 110
The Institute of Chartered Accountants of India (ICAI) has constituted a committee to deliberate on FAIS, which are expected to be framed by the end of this year 2020. The Institute of Chartered Accountants of India will be the first body in the accounting world to develop a full set of FAIS standards for forensic professionals and stakeholders ...
It will outline what triggered the acceleration clause and include details on the amount you must pay and the deadline for making payment. Typically, the deadline is 30 days from the date of the ...
In India, a Chartered Accountant is a qualified accountant of the Institute of Chartered Accountants of India.Chartered Accountants have knowledge of various subjects like accounting, auditing, corporate laws, costing and various aspects of direct and indirect taxation.
These people will be forced to pay even higher fees for the same services, and will find making future timely payments to their creditors even more difficult. On the other hand, late fees are sometimes levied by freelancers when payments to them are delayed. In this case, late payments can help protect non-staffers against income instability. [17]
As per the new law from this year, Individuals will have to pay late fee after last date to file income tax return for the FY 2018-19 Rs· 5000 if tax is filed after due date of 31 August but on before 31 December of that assessment year (in this case 31 December 2019)
National Advisory Committee on Accounting Standards (NACAS) is a body set up under section 210A of the Companies Act, 1956 by the Government of India.It advises the Central Government on the formulation and laying down of accounting policy and accounting standards for adoption by companies . [1]