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Articles by CA Sumit Sarda

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Interest free loan or loan at below market rate of interest to employees

  CA Sumit Sarda    06 May 2019 at 10:58

In line with Ind AS 19, an expense should be recognized when the employee provides its services, therefore in this case, we cannot recognize the full amount of ..



Determination of revenue under construction contract under Ind AS 115

  CA Sumit Sarda    11 April 2019 at 11:14

Under the new Ind AS 115, construction contract is treated exactly the same way as any other contract with customers.As per Para 9 of Ind AS 115�An entity



Mandatory application of IFRS

  CA Sumit Sarda    10 April 2019 at 11:13

With the applicability of Ind AS to all listed companies and unlisted with net worth more than 250 Crores w.e.f. 1.4.2018, there has been a lot of confusion wit..