What is expected " IFRS " implementation date in india.
Is it any clear cut date announced???
And also what about companies bill, 2011 implementation??
1 Replies
Kunal Mistry
(Owner)
(56 Points)
Replied 24 February 2012
The road map for implementation of IFRS as published by The Institute of Chartered Accountants of India (ICAI) stated that IFRS shall be applicable from 1st April 2011. However, due to 'n' number of reasons, the deadline was not enforced and the implementation of IFRS now stands deferred indefinitely. However, one thing is certain that IFRS will be implemented in India. It is just a question of 'when' and not 'if'.
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