Concessional Loans (below market rates) or discounted items sold to employees- Ind-As/ IFRS

CA Anuj Agrawal | Last updated: 15 July 2017

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It is quite general practice to provide concessional loans and/ or to provide goods of an entity to its own employees. These are generally treated at their normal transaction values and no fair values comparison is being taken into account. Now, after the introduction of Ind-As/IFRS in India, the

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About the Author

CA Anuj Agrawal

IFRS/ GST Professional

14+ years of experience into FINANCIAL REPORTING includsGAAP CONVERSIONS (IFRS/IND-AS USGAAP) and having subject matter expertise. - Fellow member of ICAI - Certified Forensic Accountant from ICAI - Cert in IFRS from ACCA (UK) - and having various certificates from other Institutions e.g.University of Verg ... Read more

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