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Income Computation and Disclosure Standards (ICDS) were issued by the Government of India in exercise of powers conferred to it under section 145(2) of The Income Tax Act, 1961. The Ministry of Finance published 14 draft ICDS, out of which 10 ICDS were notified by the government on 31 March 2015. The government specified a deferment of one year ...
The lowest salaries for Chief Ministers are found in Nagaland and Tripura, with ₹110,000 (US$1,300) and ₹105,000 (US$1,300) respectively. The salaries of Members of the Legislative Assembly (MLAs) and Members of the Legislative Council (MLCs) also vary by state.
This is a list of salaries of heads of state and government per year, showing heads of state and heads of government where different, mainly in parliamentary systems. Often a leader is both in presidential systems .
Indian Accounting Standard (abbreviated as Ind_AS) is the accounting standard adopted by companies in India and issued under the supervision of Accounting Standards Board (ASB) which was constituted as a body in the year 1977.
ICAI: Formation: 1 July 1949; 75 years ago () Legal status: Established under the Chartered Accountants Act, 1949 enacted by the Parliament of India: Headquarters: ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi 110002, India: Coordinates
Penalties can be levied under §271(1)(c) [23] for concealing or misrepresenting income. Penalties may range from 100 to 300 percent of the tax evaded. Under-reporting or misreporting income is penalized under §270A. Penalties are 50 percent of the tax on under-reported income and 200 percent of the tax on misreported income.
The Income Tax Service was established in 1944 and was subsequently re-constituted as the Indian Revenue Service (Income Tax) in 1953. In 1963, given the increasingly complex roles and responsibilities of administering direct tax in India, the Central Board of Direct Taxes was constituted as a statutory body under the Central Board of Revenue ...
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