Accounting Standards Interpretations – ICAI

Accounting Standards Interpretations issued by the ICAI

ASI 1 – Substantial Period of Time (AS 16)

Revised ASI 3 – Accounting for Taxes on Income in the situations of Tax Holiday under sections 80-IA and 80-IB of the Income-tax Act, 1961 (Re.: AS 22)

ASI 4 – Losses under the head Capital Gains (Re.: AS 22)

ASI 5 – Accounting for Taxes on Income in the situation of Tax Holiday under Sections 10A and 10B of the Income-tax Act, 1961 (Re.: AS 22)

ASI 6 – Accounting for Taxes on Income in the context of Section 115JB of the Income-tax Act, 1961 (Re.: AS 22)

ASI 7 – Disclosure of deferred tax assets and deferred tax liabilities in the balance sheet of a company (Re.: AS 22)

ASI 8 – Interpretation of the term ‘Near Future’ (Re.: AS 21, AS 23 and AS 27)

ASI 9 – Virtual certainty supported by convincing evidence (Re.: AS 22)

ASI 10 – Interpretation of paragraph 4(e) of AS 16 (Re.: AS 16)

ASI 12 – Applicability of AS 20 (Re.: AS 20)

ASI 13 – Interpretation of paragraphs 26 and 27 of AS 18 (Re.: AS 18)

ASI 14 – Disclosure of Revenue from Sales Transactions (Re.: AS 9)

ASI 15 – Notes to the Consolidated Financial Statements (Re.: AS 21)

ASI 16 – Treatment of Proposed Dividend under AS 23 (Re.: AS 23)

ASI 17 – Adjustments to the Carrying Amount of Investment arising from Changes in Equity not Included in the Statement of Profit and Loss of the Associate (Re.: AS 23)

ASI 18 – Consideration of Potential Equity Shares for Determining whether an Investee is an Associate under AS 23 (Re.: AS 23)

ASI 19 – Interpretation of the term ‘intermediaries’ (Re.: AS 18)

Revised ASI 20 – Disclosure of Segment Information (Re.: AS 17)

ASI 21 – Non-Executive Directors on the Board – whether related parties (Re.: AS 18)

ASI 22 – Treatment of Interest for determining Segment Expense (Re.: AS 17)

ASI 23 – Remuneration paid to key management personnel – whether a related party transaction (Re.: AS 18)

ASI 24 – Definition of ‘Control’ (Re.: AS 21)

ASI 25 – Exclusion of a subsidiary from consolidation (Re.: AS 21)

ASI 26 – Accounting for taxes on income in the consolidated financial statements (Re.: AS 21)

ASI 27 – Applicability of AS 25 to Interim Financial Results (Re.: AS 25)

ASI 28 – Disclosure of parent’s / venturer’s shares in post-acquisition reserves of a subsidiary/jointly controlled entity (Re.: AS 21 and AS 27)

ASI 29 – Turnover in case of Contractors’ (Re.: AS 7 (revised 2002)

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