Ineligible Input Tax Credit (ITC) and Reverse Charge Mechanism (RCM) - Practical Understanding & Compliance
WHETHER IFRS WILL BE APPLICABLE FOR MAY, 2012 EXAMINATION OF CA FINAL IN ACCOUNTS.
PLEASE SUGGEST.
Not exactly
but u should aware with the basic knowledge and the differences with AS
IFRS AND IND AS ARE NOT APPLICABLE FOR MAY 2012,BUT TWO IFRS ARE ALREADY PART OF OUR SYLLABUS ie IFRS-2 "SHARE BASED PAYMENT" AND ANOTHER "FINANCIAL INSTRUMENTS(AS 30,31,32)"WHICH ARE APPLICABLE FOR 2012.
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