Dear All,
If anyone would like enlighten on following:
1) the differences between Ind AS, AS, INDIAN GAAP, ICDS & IFRS? their applicability?
2) As Ind AS introduced, then normal AS are inapplicable?
3) What was the need for ICDS? if one follows ICDS, then no need to follow Ind AS or Normal AS?
4) What is Indian GAAP? how is it different from above all?
5) Which one to follow and from when?
There are so many changes taking place, I am bit confused on all above. Anyone would like to simplify this for all.
Kindly revert.
Suraj
CAclubindia
