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4 days ago · The Budget 2020 introduces a new regime under Section 115BAC giving individuals and HUF taxpayers an option to pay income tax at lower rates with fewer exemptions and deductions to claim. Keep reading to learn more about Section 115BAC of the Income-tax Act, 1961.
Objective. 1 The objective of this Standard is to establish the principles that an entity shall apply to report useful information to users of financial statements about the nature, amount, timing and uncertainty of revenue and cash flows arising from a contract with a customer.
Oct 9, 2023 · The Indian government ushered in a new tax regime under Section 115BAC of the Income Tax Act, 1961, through the Union Budget 2020-21. This new tax system offers lower tax rates but reduces the number of deductions and exemptions compared to the old regime.
Jun 9, 2020 · Section 115BAA, Section 115BAB were inserted in the Income Tax Act, 1961, by the Finance Minister, Nirmala Sitharaman, in the Union Budget 2020. These sections were inserted in order to give benefit of the reduced tax rate of the domestic companies.
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Jun 15, 2024 · IND AS 115 Revenue from Contracts with Customers outlines revenue recognition, contractual details, contract scope, accounting treatment, and performance obligations.
115. Abetment of offence punishable with death or imprisonment for life—if offence not committed.—. Whoever abets the commission of an offence punishable with death or imprisonment for life, shall, if that offence be not committed in consequence of the abetment, and no express provision is made by this Code for the punishment of such ...
वेबपेज लॉगिन प्रक्रिया के लिए समर्पित है और उपयोगकर्ताओं को ...
The core principle of Ind AS 115 is that an entity recognises revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.
115 (one hundred [and] fifteen) is the natural number following 114 and preceding 116.
