Release of Compendium of Ind AS (as on April 01, 2022) and related guidance material
Compendium of Ind AS is a comprehensive up-to-date version encompassing all the rounds of amendments issued by MCA till date that are effective as of 1st April, 2022.
Further, the guidance material comprises IFRS Part B (Accompanying Guidance such as illustrative examples, implementation guidance etc) and IFRS Part C (Bases for Conclusions), which is the basis of Ind AS. Since, Ind AS are derived from IFRS Standards issued by the IFRS Foundation, it is useful and appropriate to read Ind AS along with the guidance material of IFRS Standards.
Relevant link to access the Ind AS and related guidance material is:Â https://www.icai.org/new_post.html?post_id=15361
- Prima facie satisfaction u/s 148 can not be a non-existing or incorrect information
- Mutual Funds to value physical Gold and Silver by using the polled spot prices
- SC allows simultaneous CIRP proceedings against principal debtor & corporate guarantor
- Merely because sales were declared for only one month, same cannot be treated as bogus
- ITAT deleted addition as method of accounting had been accepted in earlier years
