HELLO EVERYONE......
CAN ANYONE PLEASE GIVE ME DETAILS OF ALL IFRS, THAT ARE EXISTED IN INDIA.
9 Replies
* Krishna *
(CA Student)
(6149 Points)
Replied 26 December 2011
India is not exactly implementing IFRS. But it is converging with IFRS, which were named as IndAS. All these standards can be downloaded from below MCA link:
RAMESH CHANDRA SHARMA
(munka istentisztelet)
(899 Points)
Replied 26 December 2011
ya ya the same.....the converged IFRSs
RAMESH CHANDRA SHARMA
(munka istentisztelet)
(899 Points)
Replied 26 December 2011
are these named as INDIAN ACCOUNTING STANDARDS instead IFRS ?
Vineet Kumar Sharma
(Chartered Accountant)
(316 Points)
Replied 26 December 2011
Yes. However, even a single IndAS has not been notified yet by the NACAS. You may find the draft at:-
https://www.icai.org/post.html?post_id=7543
RAMESH CHANDRA SHARMA
(munka istentisztelet)
(899 Points)
Replied 27 December 2011
ok.....well ...are these standards in addition to ASs or whether only these are applicable to any company....
Vineet Kumar Sharma
(Chartered Accountant)
(316 Points)
Replied 28 December 2011
Till now, IndAS are not applicable on any company. They are applied only after notification by NACAS and NACAS has not notified them yet. The Accounting standard will remain in force as Framework of IndAS provided that it will not applied on Small companies, Proprietorship and partnership.
CA Yogesh
(Sr. Executive (F&A))
(213 Points)
Replied 30 January 2012
National Advisory Committee of A/cing Stds......is NACAS
Established in 1977... Its the link between our Institute (ICAI) and MCA (Govt.)
For more info...
Google is always there...;)
Recent Topics
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
- MAHARASHTRA CHARITY COMMISSIONER WEBSITE
- Explanation 3 to section 11(1) read with section 4
- Ammendment in Partnership On Death of Partner and
- TDS Provisions applicability Tax Audit Individual
- NAME CHANGE OF HUF
- Advisory for Reporting TDS Deducted by scrap Deale
- Section 194 J Technical Service/Professional Servi
- Solving of Export Related Problems
Related Threads
CAclubindia
