Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT RATES :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: form 3cd :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: empanelment :: cpt :: VAT Audit
 
 
« News Headlines »
 All about income tax return form Sahaj
 Why seeing Form 26AS is a must before filing tax return and how to access it
 No tax on notice period pay cut
 Interpretation Of Central Goods And Services Tax (Cgst) Act (Part-1)
 What to do if you haven’t filed your taxes
 Income Tax Declaration To Employer: 10 Changes You Should Be Aware Of
 What your income tax says about you
 Self e-filing of income tax returns
 Why do we get 3 extra days to file income tax returns in 2017?
 Income Tax department launches 'Operation Clean Money'-II
 Here’s how to e-file your income tax return

ICAI working on new financial statement format for stock brokers
September, 02nd 2006
Stock brokers may soon have a new format for presenting their financial statements. The Institute of Chartered Accountants of India (ICAI) proposes to come up with a standardised format for financial statements that could be adopted by the stock broking community. "As of now, there is no uniformity in the format of the financial statements prepared by the stock brokers. This raises disclosure and transparency issues in certain cases. We are planning to suggest a format that would bring about uniformity, certain minimum disclosures and make the financial statement more transparent," said Mr T.N. Manoharan, ICAI President. He also said that the Securities and Exchange Board of India would be informed about the new format that would be prepared by the ICAI. Broking houses that are registered as corporates adopt schedule VI of the Companies Act as the format for financial statements. The non-corporate entities do not have a uniform format for financial statements. The Central Council of ICAI is to meet in Mangalore from September 6-8 and discuss, among other things, the draft format prepared for financial statements for stock brokers. The council would also review the ceiling in the number of tax audit assignments that can be undertaken by a chartered accountant. Currently, the ceiling has been pegged at 30 tax audit assignments for every chartered accountant.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multimedia Presentations Multimedia Solutions 3D Solutions Corporate Presentations Business Presentations Multimedia Presentation India M

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions