IndAS Archive

Amendment to MAT Audit Report Form No 29B to reflect Ind AS related adjustments

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Amendment to MAT Audit Report Form No 29B for Ind AS related adjustments  where financial statements of company are drawn up as per Ind-As MINISTRY OF FINANCE (Department of Revenue) [CENTRAL BOARD OF DIRECT TAXES] Notification No. 80/2017 New Delhi, the 18th August, 2017 INCOME-TAX G.S.R. 1028(E).—In exercise of

 

ICAI Educational Material on Ind-AS 16 Property, Plant and Equipment and FAQ

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ICAI Educational Material on Ind-AS 16 Property, Plant and Equipment and FAQ ICAI Educational Material on Ind-AS 16 Property, Plant and Equipment Ind AS Implementation Committee of the Institute of Chartered Accountants of India (ICAI) has brought out an Educational Material on Indian Accounting Standard (Ind AS) 16, Property, Plant

 

ICAI FAQ on treatment of Securities Premium Account under Ind AS on the date of transition

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ICAI FAQ on treatment of Securities Premium Account under Ind AS on the date of transition Question: 1 Company ABC Ltd. had issued non-convertible debentures redeemable at premium, which were outstanding as on March 31, 2015. The Company has measured this financial liability at amortised cost in accordance with Ind

 

IndAS-102 Share-based Payment-MCA Notification dated 17/03/2017 Companies (Indian Accounting Standards) (Amendment) Rules 2017

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IndAS-102 Share-based Payment-MCA Notification dated 17/03/2017 Companies (Indian Accounting Standards) (Amendment) Rules 2017 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 17th March, 2017 G.S.R. 258(E).—In exercise of the powers conferred by section 133 read with section 469 of the Companies Act, 2013 (18 of 2013) and sub-section (1)

 

FAQ on infrequent number of sales-insignificant in value in IndAS 109-ICAI. Ind-AS 109 do not define terms but in context of business model

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FAQ on infrequent number of sales-insignificant in value in IndAS 109. Ind-AS 109 do not define terms but in context of business model ICAI FAQ on Elaboration of terms ‘infrequent number of sales’ or ‘insignificant in value’ used in Ind AS 109 Question Ind AS 109, Financial Instruments, requires

 

ICAI-FAQ on deemed cost of Property, Plant and Equipment under Ind AS 101, First-time Adoption of Indian Accounting Standards

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FAQ on deemed cost of Property, Plant and Equipment under Ind AS 101, First-time Adoption of Indian Accounting Standards* Issue: Ind AS 101 provides that the net carrying amounts of all of its Property, Plant  and Equipment as per previous GAAP can be used as deemed cost on the date

 

Financial Statements Formats for companies required to comply with IndAS-Amendment to Schedule-III

Author: | Categories: Companies Act No comments
MCA Notification-Format of financial statements for a company whose financial statements are drawn as per Companies (Indian Accounting Standards) Rules, 2015. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi , 6th April, 2016 G.S.R. 404(E).—In exercise of the powers conferred by sub section (1) of section 467 of the Companies Act, 2013