Ind as
This query is : Resolved
Guest
Guest
(Querist)
14 May 2013
from when Ind As is applicable on companies?
14 May 2013
The date on which Ind AS will come into force is yet to be notified.
01 July 2013
Indian AS are being made in the position as that of US and other world base AS and the same shall be adopted very soon to combat with the standards being accepted in other parts of the world
01 July 2013
They are just passed on by left house. Still right house has to nod for an approval. After which they would be applicable in level wise as.mentioned in accounting standards of Icai. They were high chances of getting approval by winter sessions but now their is enough reason of not being presented. Apart from this the whole process.unfortunately would take a year and for complete application 2 years is being expected. Students would not be tested on this still.
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