Accounting standard
This query is : Resolved
13 August 2015
Dear L'd Seniors,
Kindly advise the status of IFRS in India. Are we supposed to follow Ind-AS as of now ? What's the legal position as per Companies Act ?
Kindly advise the status of IFRS in India. Are we supposed to follow Ind-AS as of now ? What's the legal position as per Companies Act ?
13 August 2015
till the FY 2015-16 ind as is not applicable and u need to follow current AS as followed for same
14 August 2015
IND AS are Applicable from 1st April 2015 in progressive Stage.
For detail you may go with icai.org, mca.
For detail you may go with icai.org, mca.
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