This discussion clarifies the applicability of the IAS (Indian Accounting Standards) Balance Sheet option within the ITR 6 form. It explains that companies whose financial statements are prepared in compliance with Ind AS rules are the ones required to use the IAS Balance Sheet and related financial statements in their ITR 6 filing.
24 September 2022
If a company whose financial statements are drawn up in compliance to the Indian Accounting Standards- (Ind AS) specified in Annexure to the Companies (Indian Accounting Standards) Rules, 2015, are required to fill the IAS BS & other relevant financial statements.