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Applicability of ias and ifrs in india

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15 August 2012 Can any one tell me about the latest news of applicability of IAS and IFRS in INDIA?

what is the relationship between IAS and IFRS?

Applicable IAS on banking industry?
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Amol S Joglekar

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Amol S Joglekar (Expert)
15 August 2012 revised schedule VI is the first step by the dept of company law affairs to make the Indian companies (Including Banking) IFRS compliant. Till the phase over period, international accounting standards shall be applicable in the appropriate cases.
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