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CA Deepak Rathore


Articles by CA Deepak Rathore

IND AS – 23: Clarification of Borrowing Cost with regards to foreign exchange loss/ Gain

CA Deepak Rathore As per Para 6 Borrowing costs may include: (a) Interest expense calculated using the effective interest method as described in Ind AS 39 Financial Instruments: Recognition and Measurement; (b) [Refer to Appendix 1] (c) [Refer to Appendix 1] (d) Finance charges in respect of finance leases recognised in accordance with Leases; and… Read More

UNION BUDGET 2016

1. 1 per cent service charge on purchase of luxury cars over Rs. 10 lakh and in-cash purchase of goods and services over Rs. 2 lakh. 2. Income tax surcharge for having income Rs. more than 1 crore increased to 15% (previously 12%) 3. Deduction u/s 80GG for RENT payment increased upto Rs. 5,000/- per… Read More

Reverse Charge Mechanism

UPDATED LIST OF REVERSE CHARGE MECHANISM As we all are aware, Service Receiver also needs to pay his % of  service tax under Reverse Charge Mechanism.Here is the updated list for know the % share of Service Receiver and Service provider in order to have better control over on the payments of statutory dues. Sr… Read More

Analysis of Inventory to be valued at Cost or NRV / Cost And NRV

 Analysis of Inventory to be valued at Cost or NRV / Cost And NRV  As per Para 5 of AS-2 and Para -9 of Ind AS “Inventories shall be measured at lower of Cost and Net realizable value. But Few of the companies had also used Cost or NRV whichever is lower in its Notes… Read More

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