ICAI withdraw Guidance Note on Bonus Shares and FBT

By | October 8, 2016

Institute of Chartered Accountants of India

The Council, at its 359th meeting, held on September 16-17, 2016, has decided to withdraw the following two Guidance Notes on Accounting as the same are no longer relevant in the present day contex

  • GN(A) 9 (Issued 1994) – Guidance Note on Availability of Revaluation Reserve for Issue of Bonus Shares
  • GN(A) 20 (Issued 2005) – Guidance Notes on Accounting for Fringe Benefits Tax

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