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    <title>Real Estate/Construction Industry: Reconfirmation of Applicability of Cost Accounting Record Rules 2011</title>
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    <description>The Ministry reconfirmed that the Companies (Cost Accounting Records) Rules 2011 apply to construction and real estate activities (including development projects, infrastructure, BOT/BOOT, EPC work and overseas projects) unless exempted. Companies meeting any of the specified financial thresholds or having listed securities must maintain cost records in accordance with Cost Accounting Standards, reconcile them with audited financial statements, obtain and board approve a Cost Accountant&#039;s report with annexures, and file the compliance report with the Ministry within the prescribed period; contractors paid only conversion charges are exempt.</description>
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    <pubDate>Tue, 12 Jun 2012 07:00:14 +0530</pubDate>
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      <title>Real Estate/Construction Industry: Reconfirmation of Applicability of Cost Accounting Record Rules 2011</title>
      <link>https://www.taxtmi.com/article/detailed?id=1766</link>
      <description>The Ministry reconfirmed that the Companies (Cost Accounting Records) Rules 2011 apply to construction and real estate activities (including development projects, infrastructure, BOT/BOOT, EPC work and overseas projects) unless exempted. Companies meeting any of the specified financial thresholds or having listed securities must maintain cost records in accordance with Cost Accounting Standards, reconcile them with audited financial statements, obtain and board approve a Cost Accountant&#039;s report with annexures, and file the compliance report with the Ministry within the prescribed period; contractors paid only conversion charges are exempt.</description>
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      <pubDate>Tue, 12 Jun 2012 07:00:14 +0530</pubDate>
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