CBDT notifies threshold of Rs 100 crores or more for Advance - TopicsExpress

CBDT notifies threshold of Rs 100 crores or more for Advance Ruling for tax liability of resident from one or more transactions. IT Notification 73/2014 of 28-11-14. Individuals can borrow up to 10 lacs from banks against long term bonds for infrastructure & affordable housing. Loan period to be within maturity of bonds. IRDA advises insurance brokers to appoint statutory auditors for maximum duration of 5 years.Circular 240/10/2014. Invitation to comment on the Exposure Draft of the Accounting Standard (AS) 10 (Revised), Property Plant and Equipment issued by the Accounting Standards Board (ASB) of the ICAI. Visit icai.org at the following link: 220.227.161.86/35700asb25187.pdf

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