Applicability of ind as

Dhruv Gaglani (Learning) (278 Points)

29 December 2011

What is date of applicability of Ind AS and IFRS and to whom will they be applicable?

Also from when is New Schedule VI is applicable?

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4 Replies

CA Chandan Singh (Chartered Accountant) (49 Points)
Replied 05 January 2012

Dear Dhruv,

Revised Schedule VI will be applicable to financial statements of all companies being prepared on or after 1st April, 2011

Dhruv Gaglani (Learning) (278 Points)
Replied 06 January 2012

Thank you Chandan. And do the companies have to follow Ind As or the accounts to be prepared as per old AS issued by ICAI

CA Miss Naamah (N H R & Associates) (377 Points)
Replied 09 February 2012

In Ind AS 101 - First time adoption of Indian Accounting Standard - it says, its applicable from 1st April 2011.

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