CA, CS, CMA : The article explains that accounting treatment differs significantly between standalone and consolidated financial statements. It ...
Goods and Services Tax : Comparison of GST composite and mixed supply with IFRS 15 bundled performance obligations, focusing on tax rate determination and ...
CA, CS, CMA : This case examines whether borrowing costs should be capitalised using full-year borrowings or only those during the eligible peri...
Corporate Law : New Wage Code reshapes wages base, triggering Ind AS 19 remeasurement. Expect past service cost hits, exceptional items, higher DB...
CA, CS, CMA : Provides a clear overview of how Ind AS 36 applies to investments in subsidiaries, associates, and joint ventures, including key i...
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...
Company Law : Overview of NFRA's interaction series focusing on auditor-audit committee communications, covering deferred tax assets, liabilitie...
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 : IRDAI constituted a Joint Expert Group to tackle transition and implementation issues under Ind AS. The group will guide insurers ...
Corporate Law : The IRDAI issued a circular providing clarifications on the implementation of Indian Accounting Standards (Ind AS) by insurers eff...
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...
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
Article explains Actuarial Valuation Services in India, complying with AS 15 (Revised 2005) & Ind AS 19. Understand defined benefit plans, compliance criteria, and implications for Indian companies.
In this article, the authors have provided a brief discussion on the provisions of Section 188 of the Companies Act, 2013 and AS-18 as a comparative analysis.
Explore the differences between Indian Accounting Standards (IND AS) and the Income Tax Act in calculating taxable profit. Part 1 covers adjustments, additions, and deductions affecting entities under IND AS
Explore the effects of Ind AS adoption on financial reporting in India. Uncover challenges like transitional complexity and opportunities for improved quality, global access, and risk management
Explore recognition and measurement of Expected Credit Loss (ECL) under IND AS 109. Learn practical approaches like Bad Debts % and Sales Return to compute ECL for trade receivables.
