Ind AS???

Ind AS means Indian Accounting standards and where is the link btw....

I am not asking the full form..... The point is that it is diiferent from AS by ICAI......

https://220.227.161.86/23157announ240611.pdf

Here is the link again...

Hi..IND AS are new accounting standards issued in line with IFRS. The present accounting standards are going to be replaced with IND AS in a phased manner.

Yes, after reading it carefully the conclusion which can be drawn is that they are not yet notified. But as soon as the CG notifies them, they will be appplicable to the Companies mentioned in that notification.

They are made in consulatation of NACAS and ICAI.. And they are very much similar to IFRS.

NACAS is constituted u/s 210A of the companies Act, 1956.

So i guess they will be applicable very soon.

I think they are notified but the actual date of their applicability is not decided yet. The Ind AS were actually expected to be applicable from 1st April 2011 onwards..But now it is being postponed. May be these shall be applicable next year onwards..who knows..