Applicability of ind as

MCA 2961 views 4 replies

What is date of applicability of Ind AS and IFRS and to whom will they be applicable?

Also from when is New Schedule VI is applicable?

 

Replies (4)

Dear Dhruv,

Revised Schedule VI will be applicable to financial statements of all companies being prepared on or after 1st April, 2011

Thank you Chandan. And do the companies have to follow Ind As or the accounts to be prepared as per old AS issued by ICAI

In Ind AS 101 - First time adoption of Indian Accounting Standard - it says, its applicable from 1st April 2011.


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