IndAS Archive

ICAI FAQs on Ind AS-103-Business Combinations, Education Material by the Ind AS Implementation Group

Author: | Categories: ICAI No comments
ICAI FAQs on Ind AS-103-Business Combinations, Education Material by the Ind AS Implementation Group The Ind AS Implementation Group of ICAI has come out with an Educational Material on Ind AS-103, Business Combinations. The said education material  is in the form of Frequently Asked Questions (FAQs) which explains the

 

Indian Accounting Standard (Ind AS) 115-Revenue from Contracts with Customers

Author: | Categories: Companies Act No comments
Indian Accounting Standard (Ind AS) 115, Revenue from Contracts with Customers Central Government, in consultation with the National Advisory Committee on Accounting Standards has amended the Companies (Indian Accounting Standards) Rules, 2015. Accordingly, the Companies (Indian Accounting Standards) Amendment Rules, 2018 has been notified which comes into force from the

 

ICAI Exposure Draft of Amendments to Ind AS 20-Accounting for Government Grants

Author: | Categories: ICAI No comments
ICAI Exposure Draft of Amendments to Ind AS 20-Accounting for Government Grants and Disclosure of Government Assistance. Last date for Comments is January 24, 2018. Amendments have been proposed in Ind AS 20 to allow the options to present non-monetary government grants at nominal value and government grants related to assets

 

Ind AS-An Overview Revised 2017 Publication by ICAI

Author: | Categories: ICAI No comments
Ind AS-An Overview Revised 2017. Revised publication contains an overview of various aspects related to IFRS-converged Indian Accounting Standards  Indian Accounting Standards Ind AS-An Overview (Revised 2017) As per ICAI Announcement, the revised publication contains an overview of various aspects related to IFRS-converged Indian Accounting Standards (Ind AS) such

 

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

Author: | Categories: Income Tax No comments
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

Author: | Categories: ICAI No comments
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

Author: | Categories: ICAI No comments
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