Revised schedule vi & ifrs
This query is : Resolved
26 April 2012
My query is:
If a company is mandatorily reqd to present Financial statements in IFRS (Eg: listed companies),it has its own heads of classification.
Plus if the company is regd in India,it will have to follow Revised Schedule VI.
Will the company in this case follow classification as per Revised Schedule VI or as per IFRS?
If a company is mandatorily reqd to present Financial statements in IFRS (Eg: listed companies),it has its own heads of classification.
Plus if the company is regd in India,it will have to follow Revised Schedule VI.
Will the company in this case follow classification as per Revised Schedule VI or as per IFRS?
01 May 2012
Since new Schedule VI has been approved and the same is applicable to all companies in INDIA forget about IFRS
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