From when is IFRS applicable in India ?Who all will be covered under IFRS if its applicable ?
Menu
IFRS
Replies (4)
Please follow the link
/forum/messages/2009/11/56813_ca_institute_lists_cos_for_ifrs_convergence.asp
ifrs will be applicable from 2011
Effectively the Full Set of Financials in compliance with IFRS is required for Financial Year 2011-12. However Standard also mandates comparative figures in compliance with IFRS. Therefore effectively IFRS is applicable for financial year 2010-11. Further The IAS 1 states that on 31.03.2012 the current year numbers and the previous year numbers must be in compliance with all IFRS applicable on 31.03.2012. Hence the previous year numbers may go underchange several times as and when the boards will issue any new standard or amendments therein.
Recent Topic
- GTA Annexure V Non Compliance
- Calculation of Demand due to interest u/s 220(2)
- Legal profession business code in section 44ADA
- Whether Indexed Capital Loss Can Be Claimed Under
- Form 145 and 146 Foreign Remittance in Excel Forma
- E invoice missed out/not generated for FY2025-26
- Can a broker's software legally override actual po
- Startup exit in Sept 2025: Can I still save LTCG t
- Need advice
- GST registration
Related Topics
CAclubindia
