treatment of differences arising from indian GAAP and IFRS

jastinder (member in accounts) (29 Points)

26 November 2007  

how do we treat the differences arising from the application of IFRS while reporting in a country following IFRS for preparation of financial statements?

do we have to maintain two set of books if we have to report to a holding company in a country following IFRS or we will simply treat the differences?