ICAI’s Exposure Draft of Revised Ind AS-109 (Financial Instruments)
The ICAI has issued Exposure Draft of Revised Ind AS-109 (Financial Instruments) for comments from the Members/ Stakeholders latest by 30 June 2018.
Tag: Ind AS
ICAI’s FAQs/ Clarification on Accounting Treatment of Enhanced Gratuity Ceiling (AS-15/ Ind AS-19)
The ICAI has issued a set of FAQs to clarify accounting treatment of the increased liability arising from enhancement of gratuity ceiling from Rs. 10 Lac to 20 Lac, …
ITFG ICAI’s Clarifications on Ind AS Implementation Issues
The "Ind AS Transition Facilitation Group (ITFG)" of ICAI has already issued a compendium of the Clarifications (Bulletin# 1 to Bulletin# 14) regarding interpretation/ implementation of Ind AS as per MCA …
Companies (Ind AS) Amendment Rules, 2018: MCA Notification dt. 28 March 2018
The MCA has notified the Companies (Indian Accounting Standards/ Ind AS) Amendment Rules, 2018 on 28 March 2018, whereby "Ind AS-115 relating to Revenue from Contracts with Customers" has been …
MCA notifies Exemption for NBFCs, PFIs from AS-22/ Ind AS-12 for 7 years (relating to deferred tax or liability)
The MCA has notified exemption for Govt. NBFCs, Public Financial Institutions (PFIs) like LIC, UTI, etc. from applicability of AS-22/ Ind AS-12 relating to deferred tax asset or liability, …
List of Indian Accounting Standards (Converged Ind AS)
The MCA had notified the Ind AS via the Companies (Indian Accounting Standards) Rules, 2015. Subsequently, the MCA has notified the Companies (Indian Accounting Standards) (Amendment) Rules, 2016/2017 to carry …
ICAI’s Educational Material on Ind AS-18 (Revenue) Implementation Issues (Sept. 2017)
ICAI has published a booklet (Education Material on Ind AS Revenue - Revised Edition Sept. 2017) which addresses the implementation issues being faced by the stakeholders. Also this booklet …
Indian Accounting Standards (Ind AS): An Overview by ICAI (Sept. 2017)
The ICAI has published a booklet which provides an overview of the various aspects related to IFRS-converged Indian Accounting Standards (Ind AS), such as roadmap for the applicability of …
Ind AS Compliance by Corporates having Banking Subsidiaries: MCA Clarification
The MCA has issued a Clarification on Ind AS Compliance Obligation of Holding Companies having Subsidiaries operating as Payment Banks/ Small Finance Banks, in view of the fact that both …
ICAI’s Guidance Note on “Division II Ind AS Schedule III to Companies Act, 2013”
The ICAI has published "Guidance Note on Division II- Ind AS of the Schedule III to the Companies Act, 2013", for benefit of the Members as well as the …