Company Law : The article explains that under the Companies Act, direct shareholding determines associate company status. Ind AS 28, however, tr...
Income Tax : This guide explains all ten Income Computation and Disclosure Standards (ICDS) and provides reconciliation formats between Account...
Income Tax : Increasing use of RERA data by tax authorities makes alignment between project disclosures and income tax reporting essential to a...
Company Law : The article argues that Compulsorily Convertible Debentures qualify as financial liabilities under Ind AS 32. It explains why cert...
Finance : The case clarifies that reducing shareholding below the threshold mandates discontinuation of the equity method. The retained stak...
Corporate Law : IRDAI approved implementation of Ind AS for all insurers from 1 April 2026 with transitional arrangements and limited forbearance....
Corporate Law : IRDAI is moving towards adopting Ind AS to standardize financial reporting across insurers. The framework aims to improve transpar...
Corporate Law : Stakeholders sought deferment or phased implementation of Ind AS. IRDAI mandated adoption from April 2026 with limited forbearance...
Corporate Law : The issue was lack of uniformity in financial reporting across insurers. IRDAI mandated Ind AS-based reporting to enhance comparab...
Company Law : NFRA highlights auditor responsibilities in related party transactions, emphasizing compliance with Ind AS 24, SEBI regulations, a...
Income Tax : Tribunal held that GST-based turnover differences cannot be taxed again when income was already recorded in prior years and notion...
Income Tax : Delhi ITAT sets aside PCIT's revisionary order concerning depreciation on goodwill for AY 2016-17, citing incorrect application of...
Income Tax : Treatment as per Income Tax Act and Indian Accounting Standard in case of Slump sale / Sale of Division/ sale of undertaking betwe...
Corporate Law : The IRDAI issued a circular providing clarifications on the implementation of Indian Accounting Standards (Ind AS) by insurers eff...
Corporate Law : IRDAI constituted a Joint Expert Group to tackle transition and implementation issues under Ind AS. The group will guide insurers ...
Corporate Law : The regulation introduces mandatory adoption of Ind AS for insurers, setting standardized formats, disclosures, and governance nor...
Corporate Law : IRDAIs consultation paper proposes a new regulatory framework requiring insurers to adopt Ind AS. The initiative is designed to mo...
Company Law : The Ministry of Corporate Affairs has amended the Companies (Indian Accounting Standards) Rules, 2015, impacting financial reporti...
Learn about Ind AS 8 – Accounting Policies, Changes in Accounting Estimates, and Errors. Understand its purpose, scope, and how it affects financial reporting, including accounting policies, changes, and corrections.
Learn about Ind AS 7 – Statement of Cash Flows, its objectives, principles, and key requirements for classifying cash flows into operating, investing, and financing activities. Understand how it helps assess an entity’s financial health.
Explore Ind AS 2 guidelines on inventory accounting, covering cost determination, asset recognition, and handling write-downs for accurate financial reporting.
Explore how CA, CS, Auditors & Audit Firms can prevent Indian and Multinational Companies from Non-Compliance of AS 15 (Revised 2005) & IndAS 19. Key insights on NFRA rules, applicability, and actuarial valuation.
Explore Ind AS 109 Financial Instruments: Comprehensive guide on reporting financial assets/liabilities, enhancing cash flow clarity & reducing uncertainty.
Unlock the essentials of Ind AS 116, covering recognition, measurement, and disclosure of leases to improve financial transparency and compliance.
Ind AS 115, Revenue from Contracts with Customers provides a comprehensive framework for recognizing revenue from contracts with customers. The standard has a five-step approach that entities must follow to recognize revenue.
Explore practical insights into inventory auditing for manufacturing/trading companies. Learn key audit considerations, from physical counts to valuation, ensuring compliance with AS 2 and IND AS 2.
Understand the transition from Accounting Standards (AS) to Indian Accounting Standards (IND AS) and its impact on financial reporting. Learn about IND AS applicability for companies, banks, insurance companies, and NBFCs.
Explore the strategic benefits of Actuarial Valuation for Gratuity Accounting Provision. From compliance assurance to risk management, employee retention, and financial gains – uncover the multifaceted advantages. Enhance transparency, build trust, and navigate uncertainties
