Ifrs applicablity date

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Querist : Anonymous

Querist : Anonymous (Querist)

09 November 2011 Dear experts,

can any one please specify the applicability date of IFRS for Indian companies in India..urgent

thank you,

Surya

CA sheekhr

CA sheekhr (Expert)
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09 November 2011 rite now they r deffered as 35 indian accounting stds has been notified.mr pranab mukherjee told in an interview that indian co. need some more time to converge with ifrs and there r some taxation issue also but earlier they told that its applicable from 01.04.2011,01.04.2013 and 01.04.2014

Phase I - Networth of morethan 1000 crores & listed cos
Phase II - Networth between 500 and 1000 crores
Phase III - networth less than 500 crores

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