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: https://www.icai.org/new_post.html?post_id=15361
Mere CBDT Instructions cannot absolve individuals of their obligation to explain the source and nature of their gold holdings, even…
Empanelment of General Observers for ICSI Examinations December 2026 ICSI has invited interested members to enroll as General Observers for…
ITAT answers some important and inter-related issues relating to deduction u/s 80IA In a recent judgment, ITAT has dealt with…
Carry forward of loss can not be denied for belated return, it is only the set off in subsequent year…
Where sales are duly recorded in books and VAT returns, to treat it bogus sales, AO must bringing cogent adverse…
Expenses to celebrate Diwali with staff creates a goodwill and, therefore amounts to expenses incurred for the purpose of business…