Ifrs in india...
This query is : Resolved
22 April 2014
Hi friends,
greeting of today,
I want to know IFRS is now applicable to India with converged system and also I went through with notifiaction of phased manner...but i am confused about whether insurance co..listed co..already adopted converged system or waiting for MCA notification...pls solve this query ...what is current status of IFRS in India...
greeting of today,
I want to know IFRS is now applicable to India with converged system and also I went through with notifiaction of phased manner...but i am confused about whether insurance co..listed co..already adopted converged system or waiting for MCA notification...pls solve this query ...what is current status of IFRS in India...
Amit Ashok Chawla
(Expert)
07 June 2014
Hi Rahul,
Many companies (Infosys, Airtel, TATA Group_ in India are already on IFRS. Though there is no compulsion on these companies to opt for IFRSs, they still submit their numbers under IFRSs (outside India). IFRSs would come in the name of IND-AS in India and will be applicable starting 1st April 2015. For more information, you can visit www.avcls.com
Many companies (Infosys, Airtel, TATA Group_ in India are already on IFRS. Though there is no compulsion on these companies to opt for IFRSs, they still submit their numbers under IFRSs (outside India). IFRSs would come in the name of IND-AS in India and will be applicable starting 1st April 2015. For more information, you can visit www.avcls.com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- TDS on purchase of under construction property from a reseller
- Non filing of I T Returns
- UDIN ISSUE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- SALARY CAN BE CAPITALIZE
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
