With rise in Special Economic Zones across the major and potential areas of the country, some new norms for its accounting and other financial maintenance are to get set by Institute of Chartered Accountants of India as per the sources reported at www.propertykhazana.com. The main motive behind the issue is to provide better transparency and accurate implementations of financial norms to cover up the smooth functioning of the Special Economic Zones.
Source at www.propertykhazana.com also reveals the various aspects included for its accounting includes the entire range of costing along with the rehabilitation and resettlement costs. In addition it also deals with the uniformly submission of matter regarding the allotment of land to the promoters of any special economic zones.
As there happens, a huge volume of investment to such SEZ, these standardized norms will be helpful to make a proper track of investments and revenue earned after the completion of the projects, described an official of ICAI at www.propertykhazana.com. He further adds that this sole concept is to aware the developers and other associates of Special Economic Zones with accurate measure of transactions at these mega structures and its post completion affects. For more and latest realty updates visit www.propertykhazana.com.
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