friends how many accounting standards are there in India and which all accounting standards has been with drawen ?
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Accounting standards
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32 Accounting Standards in which AS-8 stands withdrawn.
Total 32 Standards However as Per Income Tax Only 2 AS are applicable & Recognised
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Total 32 Accounting Standards r there in India out of which AS-8 stands withdrawn. |
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Dear, there are 32 Accounting Standardsin total wherefrom AS 8 has been withdrawn which is now covered by ( AS 26 R & D Exp.)
However, Income tax act,1961 covers only two Accounting Standards i.e AS 1 & AS 2 .
Hope the information provided suffice your purpose.
hi dear,
there are 32 AS in india, AS-8 had been withdrawn long back, Now AS-8 is coverd with AS-26.
| Originally posted by : Nidhi | ||
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Total 32 Standards However as Per Income Tax Only 2 AS are applicable & Recognised |
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totally agreed
32 Accouting statndards are there..
AS 8 is withdrawn
total 32 standars are applicable....
its been ages since as 8 withdrawal...
as 26 now covers the aspects of as 8...
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