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Accounting standard

This query is : Resolved 

13 August 2015 Dear L'd Seniors,

Kindly advise the status of IFRS in India. Are we supposed to follow Ind-AS as of now ? What's the legal position as per Companies Act ?

13 August 2015 till the FY 2015-16 ind as is not applicable and u need to follow current AS as followed for same

14 August 2015 IND AS are Applicable from 1st April 2015 in progressive Stage.

For detail you may go with icai.org, mca.


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