Ifrs applicablity date
This query is : Resolved
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
can any one please specify the applicability date of IFRS for Indian companies in India..urgent
thank you,
Surya
CA sheekhr
(Expert)
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
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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