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...
Breaks down how extractive-industry assets are recognised, measured, depleted, and impaired, highlighting key compliance requirements under Indian and international standards.
New Ind AS 1 rules (2025) mandate current/non-current liability classification based strictly on rights at the reporting date, ignoring post-period waivers.
Ind AS 116 requires remeasuring the ROU asset and Lease Liability when a lease scope decreases (area/term). The LL is reduced proportionately, with the change recorded against the ROU asset or P&L, followed by a final remeasurement using the new discount rate.
A practitioner’s guide to the Profit and Loss Account under the Companies Act, 2013. Learn about P&L line items, inclusions, exclusions, and legal frameworks.
Learn how an auditor qualifies a report, the reasons behind it, and its impact on financial statements. This guide covers the requirements, quantification, and drafting of qualified audit reports.
Compare India’s Accounting Standard 3 (AS 3) and Ind AS 7 on cash flow statements. Learn about their objectives, classification methods, and key differences in reporting standards.
Compare Accounting Standard 17 (AS 17) and Ind AS 108 (Operating Segments). Learn about their differences in reporting methodology, disclosure requirements, and global alignment.
A comparative guide to AS 1 and Ind AS 1, explaining their different focus on accounting policy disclosure and financial statement presentation.
A detailed comparison of AS 9 and Ind AS 115 revenue recognition standards in India, with case studies from IT, real estate, telecom, and more.
An expert analysis of fixed asset accounting under AS 10 and Ind AS 16, comparing their principles, measurement models, and practical application for Indian businesses.
