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Ind AS

Latest Articles


Market vs. Income-Based Valuation Models as per Ind AS 113 & IFRS 13

CA, CS, CMA : Explore how Ind AS 113 and IFRS 13 guide fair value using market-based and income-based valuation approaches with key differences ...

April 6, 2025 474 Views 0 comment Print

Ind AS 115 and IFRS 15: Performance Obligations in Contracts

CA, CS, CMA : Learn how to identify performance obligations under Ind AS 115 and IFRS 15 for accurate revenue recognition. Includes examples fro...

April 6, 2025 2763 Views 0 comment Print

Revenue Reporting Challenges Under Ind AS 115: Key Findings

CA, CS, CMA : ICAI's Jan 2025 study reveals common Ind AS 115 non-compliance: issues in timing methods, reconciliation,...

April 5, 2025 1386 Views 0 comment Print

Ind AS 116 & IFRS 16: Understanding Lease Substitution Rights

CA, CS, CMA : Learn how Ind AS 116 & IFRS 16 define lease substitution rights. Understand when asset control determines lease recognition in fin...

March 25, 2025 267 Views 0 comment Print

Ind AS 115: Application of 5 step Model on Renewable Energy Sector

CA, CS, CMA : Application of Ind AS 115’s 5-step model to revenue recognition in India's renewable energy sector, covering PPAs, incentives, p...

February 23, 2025 1065 Views 0 comment Print


Latest News


NFRA Series on Auditor-Audit Committee Interaction: Related Party Audits

Company Law : NFRA highlights auditor responsibilities in related party transactions, emphasizing compliance with Ind AS 24, SEBI regulations, a...

March 30, 2025 525 Views 0 comment Print

Audit of Accounting Estimates & Judgments Income Taxes – Ind AS 12 – NFRA

Company Law : Overview of NFRA's interaction series focusing on auditor-audit committee communications, covering deferred tax assets, liabilitie...

March 10, 2025 747 Views 0 comment Print

Exposure Draft of Lack of Exchangeability – Amendments to Ind AS 21

CA, CS, CMA : Stay updated on Indian Accounting Standards (Ind AS) amendments. Accounting Standards Board seeks your input on Lack of Exchangeab...

November 1, 2023 795 Views 0 comment Print

Draft Supplier Finance Arrangements – Amendments to Ind AS 7 & Ind AS 107

CA, CS, CMA : Accounting Standards Board has issued Exposure Draft of Supplier Finance Arrangements - Amendments to Ind AS 7 and Ind AS 107 co...

July 25, 2023 1068 Views 0 comment Print

Draft International Tax Reform—Pillar Two Model Rules – Amendments to Ind AS 12

CA, CS, CMA : Accounting Standards Board has issued Exposure Draft of International Tax Reform—Pillar Two Model Rules - Amendments to Ind AS 1...

July 25, 2023 954 Views 0 comment Print


Latest Judiciary


Treatment as per Income Tax & Ind AS on slump sale between common control entities

Income Tax : Treatment as per Income Tax Act and Indian Accounting Standard in case of Slump sale / Sale of Division/ sale of undertaking betwe...

November 4, 2016 29805 Views 0 comment Print


Latest Notifications


Companies (Indian Accounting Standards) Third Amendment Rules, 2024

Company Law : MCA issues the Companies (Ind AS) Third Amendment Rules, 2024. New provisions for insurers on financial reporting using Ind AS 104...

September 28, 2024 2298 Views 0 comment Print

NFRA imposes penalty of Rs 1 crore on Auditors

Company Law : NFRA's investigations inter-alia revealed that CDGL's Auditors for FY 2018-19 failed to meet relevant requirements of Standards on...

April 12, 2023 59814 Views 0 comment Print

Companies (Indian Accounting Standards) Amendment Rules, 2023

Company Law : MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 31st March, 2023 G.S.R. 242(E). — In exercise of the powers conferred ...

March 31, 2023 35832 Views 0 comment Print

Non-Accrual of interest on borrowings by companies in violation of Ind AS

Company Law : NFRA Circular on Non-Accrual of interest on borrowings by the companies in violation of Indian Accounting Standards (Ind AS) It ha...

October 20, 2022 7263 Views 1 comment Print

Expert Committee on Implementation of Ind AS/ IFRS in Insurance sector

Corporate Law : The Authority has been working on implementation of Ind AS in Insurance sector including new standard on insurance contracts in In...

August 22, 2022 594 Views 0 comment Print


Latest Posts in Ind AS

Market vs. Income-Based Valuation Models as per Ind AS 113 & IFRS 13

April 6, 2025 474 Views 0 comment Print

Explore how Ind AS 113 and IFRS 13 guide fair value using market-based and income-based valuation approaches with key differences and practical examples.

Ind AS 115 and IFRS 15: Performance Obligations in Contracts

April 6, 2025 2763 Views 0 comment Print

Learn how to identify performance obligations under Ind AS 115 and IFRS 15 for accurate revenue recognition. Includes examples from construction, software, and telecom.

Revenue Reporting Challenges Under Ind AS 115: Key Findings

April 5, 2025 1386 Views 0 comment Print

ICAI’s Jan 2025 study reveals common Ind AS 115 non-compliance: issues in timing methods, reconciliation,

NFRA Series on Auditor-Audit Committee Interaction: Related Party Audits

March 30, 2025 525 Views 0 comment Print

NFRA highlights auditor responsibilities in related party transactions, emphasizing compliance with Ind AS 24, SEBI regulations, and the Companies Act 2013.

Ind AS 116 & IFRS 16: Understanding Lease Substitution Rights

March 25, 2025 267 Views 0 comment Print

Learn how Ind AS 116 & IFRS 16 define lease substitution rights. Understand when asset control determines lease recognition in financial reporting.

Audit of Accounting Estimates & Judgments Income Taxes – Ind AS 12 – NFRA

March 10, 2025 747 Views 0 comment Print

Overview of NFRA’s interaction series focusing on auditor-audit committee communications, covering deferred tax assets, liabilities, and Ind AS 12 requirements.

Ind AS 115: Application of 5 step Model on Renewable Energy Sector

February 23, 2025 1065 Views 0 comment Print

Application of Ind AS 115’s 5-step model to revenue recognition in India’s renewable energy sector, covering PPAs, incentives, penalties, and credit risk assessment.

The Invisible Treasures (IND AS 38 – Intangible Assets)

February 6, 2025 375 Views 0 comment Print

IND AS 38 defines intangible assets like patents, software, and brand value. Learn recognition, valuation, and disclosure criteria for better financial reporting.

Understanding OCI under IND AS/IFRS: Items and Recycling Logic

December 26, 2024 2265 Views 0 comment Print

Learn about OCI under IND AS/IFRS, its components, classifications, and the logic behind recycling. Understand its impact on financial reporting and performance.

Key Differences between PPE (Ind AS 16) & Investment Property (Ind AS 40)

December 13, 2024 1545 Views 0 comment Print

Understand the key differences between PPE (Ind AS 16) and Investment Property (Ind AS 40) based on usage, valuation, and income recognition.

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