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...
The issue was lack of uniformity in financial reporting across insurers. IRDAI mandated Ind AS-based reporting to enhance comparability and transparency. The key takeaway is adoption of globally aligned accounting standards.
The regulation introduces mandatory adoption of Ind AS for insurers, setting standardized formats, disclosures, and governance norms to ensure transparency and accuracy in financial reporting.
Tribunal held that GST-based turnover differences cannot be taxed again when income was already recorded in prior years and notional interest recognized under IND-AS cannot be taxed unless it actually accrues.
The article explains that accounting treatment differs significantly between standalone and consolidated financial statements. It highlights that Ind AS 105 applies mainly at the consolidated level, not for measurement in standalone accounts.
Comparison of GST composite and mixed supply with IFRS 15 bundled performance obligations, focusing on tax rate determination and revenue recognition principles.
IRDAIs consultation paper proposes a new regulatory framework requiring insurers to adopt Ind AS. The initiative is designed to modernize financial disclosures and ensure globally aligned reporting standards.
This case examines whether borrowing costs should be capitalised using full-year borrowings or only those during the eligible period. It concludes that the eligible-period approach best aligns with Ind AS 23 and prevents over-capitalisation.
New Wage Code reshapes wages base, triggering Ind AS 19 remeasurement. Expect past service cost hits, exceptional items, higher DBO and disclosures.
Provides a clear overview of how Ind AS 36 applies to investments in subsidiaries, associates, and joint ventures, including key indicators and accounting treatment.
A clear and practical breakdown of how deferred tax assets and liabilities are recognised under Ind AS 12 and IAS 12, with sector examples and key compliance takeaways.
