What is expected " IFRS " implementation date in india.
Is it any clear cut date announced???
And also what about companies bill, 2011 implementation??
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Ifrs implementation in india
Replies (1)
The road map for implementation of IFRS as published by The Institute of Chartered Accountants of India (ICAI) stated that IFRS shall be applicable from 1st April 2011. However, due to 'n' number of reasons, the deadline was not enforced and the implementation of IFRS now stands deferred indefinitely. However, one thing is certain that IFRS will be implemented in India. It is just a question of 'when' and not 'if'.
Source: https://www.gyancentral.com/articles/graduate/commerce/decoding-ifrs-for-ca-aspirants-and-practitioners
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