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Hashil Patel

Latest Posts by Hashil Patel

Analysis on accounting of interest free demand loans received under Ind AS / IFRS

August 13, 2019 41280 Views 0 comment Print

Accounting of Interest free demand loan given by One Company to Other Company which may or may not be related party- Entity generally advances various demand loans / Inter Corporate Deposits (ICDs) to various parties on commercial terms and sometime entities does not charge any interest or charge an interest, which is below market rate.

Indian GAAP – Time to converge to Ind AS

March 18, 2019 50961 Views 0 comment Print

Dive into the world of Indian GAAP and Ind AS. Understand the differences between these two accounting frameworks and their impact on financial statements.

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