Dear All,
can anyone please suggest whether we need to follow AS prescribed by ICAI or the IND AS by the MCA , I think the later is going to be applicable soon .
Please suggest .
Arvind Sharma
(ACA)
(1432 Points)
Replied 07 October 2013
For corporate assesses, it is ASs as notified u/s 211(3C) of the Act, 1956 (new section 133 of Act 2013 not yet notified and thus not applicable)., which are the same as given in icai.org site.
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