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New format of bs pl

shiva surya (Student CA Final ) (43 Points)

22 April 2016

Hello Everyone, I would like to know whether the recent notification by MCA on 6th April 2016 regarding the change in format of Balance sheet and P&L is applicable to all entities or the one to which the IND AS is applicable from FY 2015-16. Kindly clarify. Thanks.

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3 Replies

CS Arjun Rajagopal (B.com, ACS) (1056 Points)
Replied 26 April 2016

I have also posted similar query in accounts section. Please clarify immediately.

shiva surya (Student CA Final ) (43 Points)
Replied 26 April 2016

Hi arjun,

I know. Even i did not receive any reply. No problem.

It is applicable only to those entities to whom the IND AS is applicable for the Financial year 2016.

The said words are given in the Notification.

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CS Arjun Rajagopal (B.com, ACS) (1056 Points)
Replied 26 April 2016

Can u please state to which class of comps IND AS is applicable? Also mention about the position of other class of companies who are not required to comply with IND AS.

Regards,

Arjun Rajagopal