Ind as applicability in may 2014

Dear Abhishek,

The date on which Indian Accounting Standard (Ind ASs) will come into force are yet to be notified. So, the chances of applicability of same for May 2014 are quite low. So, there is no need to worry regarding the same. As most of our current Accounting Standard have been incorporated in Ind ASs with minor difference along with that some new Accounting Standards have also been introduced.   

Ref. : https://www.icai.org/post.html?post_id=7543

thankyou....nishant sir

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