Revision in the criteria for classifying Level II non-corporate entities

1. The Council of the Institute with a view to harmonise the differences between the Accounting Standards issued by the ICAI and the Accounting Standards notified by the Central Government under the Companies (Accounting Standards) Rules, 2006, in February, 2008 issued the announcement titled as Harmonisation of various differences between the Accounting Standards issued by the ICAI and the Accounting Standards notified by the Central Government1 wherein the Council prescribed the criteria

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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