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IND AS

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(Querist)
21 December 2020 A private company has its Net worth exceeded Rs 250 Crore during FY 19-20.
When will IND AS be applicable from?
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Asha Kanta Sharmapro badge online (Expert)
26 December 2020 All NBFCs whose Net worth is more than or equal to INR 250 crore but less than INR 500 crore shall have IND AS mandatorily applicable to them with effect from 1st April 2019.

https://cleartax.in/s/applicability-ind-as
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CA Aditya Shah

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CA Aditya Shah (Querist)
28 December 2020 Will provision for taxation be included within the ambit of reserve to calculate net worth for applicability of IND AS?
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