Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Professional Updates »
Open DEMAT Account in 24 hrs
 Draft Panel for Appointment/ Re-appointment of Statutory Auditors of State Co-operative Banks (Stccbs) and Central Co-operative Banks (Ccbs) for the Year 2025-26.
 Commencement of Live Virtual Classes for the students of CA. Final course appearing in May 2026, September 2026 and January 2027 Examinations.
 Information Systems Audit - Assessment Test (ISA - AT), July 2025
 Advanced ICITSS -Adv. Information Technology Test Computer Based Mode (CBT) Schedule May, Jun, Jul, Sep, Oct, and Nov 2025
 Auditing and Assurance Standards Board Online Panel of Experts for addressing Bank Branch Audit related queries
 Results of the Chartered Accountants Intermediate and Foundation Examinations held in January 2025 declared.
 Invitation for contribution to Question Bank in respect of Self-paced Online Module Examinations (Set-A, B, C & D)
 Will deadline for income tax filing change in the new Income Tax Bill?
 Result of the Chartered Accountant Final Examinations held in November 2024 is likely to be declared on Thursday, the 26th December 2024 (Late evening) - (20-12-2024)
 Advanced Integrated Course on Information Technology and Soft Skills (Advanced ICITSS) Adv. Information Technology Test - Computer Based Mode (CBT) Dec 2024 Jan-Feb-Mar 2025
 Re-Scheduling of Chartered Accountants Examination scheduled to be held on 13th November 2024 (Wednesday) at the Examination Centre(s) at Hazaribagh (Jharkhand), Jamshedpur (Jharkhand), Ranchi (Jharkhand), Raipur (Chhattisgarh) and Jhunjhunu (Rajasthan)

Exposure draft of ASLB 23, 'Revenue from Non-Exchange Transactions (Taxes and Transfers)'
August, 17th 2018
Committee on Accounting Standards for Local Bodies
Announcement

The Committee on Accounting Standards for Local Bodies (CASLB) has been formulating Accounting Standards for Local Bodies (ASLBs) since March, 2005. So far, the Committee has issued fifteen ASLBs. Moving forward in this direction, the Committee has finalised the Exposure Draft of ASLB 23, ‘Revenue from Non-Exchange Transactions (Taxes and Transfers)’

Revenue is one of the key constituents of the financial performance of an entity. The Government receives revenue from both exchange as well as non-exchange transactions such as taxes and transfers. ASLB 9, ‘Revenue from Exchange Transactions’ has already been issued by the ICAI which is available at the website of the Institute, i.e., www.icai.org. Keeping in view the significance and volume of non-exchange transactions in Government sector, the Exposure Draft of ASLB 23 is being issued which provide guidance on recognition & measurement principles and disclosure requirements in respect of revenue arising from non-exchange transactions in Local Bodies. 



The comments on the above Exposure Draft are invited which can be submitted using one of the following methods, so as to be received not later than September 20, 2018:

1. Electronically: Click on http://www.icai.org/comments/caslb/ to submit comments online
2. E-mail: Comments can be sent to: caslb@icai.in
3. Postal: Secretary, Committee on Accounting Standards for Local Bodies,
The Institute of Chartered Accountants of India,
ICAI Bhawan, Post Box No. 7100,
Indraprastha Marg, New Delhi 110002
Phone: 011-30110449

Home | About Us | Terms and Conditions | Contact Us
Copyright 2025 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting