Articles by CA Sumit Sarda
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Interest free loan or loan at below market rate of interest to employees
CA Sumit Sarda 06 May 2019 at 10:58In line with Ind AS 19, an expense should be recognized when the employee provides its services, therefore in this case, we cannot recognize the full amount of ..
Determination of revenue under construction contract under Ind AS 115
CA Sumit Sarda 11 April 2019 at 11:14Under the new Ind AS 115, construction contract is treated exactly the same way as any other contract with customers.As per Para 9 of Ind AS 115�An entity
Mandatory application of IFRS
CA Sumit Sarda 10 April 2019 at 11:13With the applicability of Ind AS to all listed companies and unlisted with net worth more than 250 Crores w.e.f. 1.4.2018, there has been a lot of confusion wit..
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