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 the difference in investment accounting between AS 13 and Ind AS 109. Understand how these standards classify, measure, and account for impairment of financial assets.
Compare AS 11 and Ind AS 21 on accounting for foreign exchange rates. Understand the differences in how they handle monetary items, and the capitalization of exchange differences.
Learn how foreign currency fluctuations impact fixed asset accounting under Indian standards. Compare AS 11 vs. Ind AS 21, and understand key concepts like capitalization and hedge accounting.
A guide to accounting for R&D in India under Indian GAAP and Ind AS 38. Learn the difference between research and development costs, capitalization criteria, and reporting requirements.
Executive Summary: Construction contracting in India spans EPC, turnkey, design–build, BOT/BOOT service concessions, real estate development and long‑term project management consulting. Accounting for these arrangements has historically been governed by Accounting Standard (AS) 7 “Construction Contracts” under Indian GAAP and, for Ind AS reporters, by Ind AS 115 “Revenue from Contracts with Customers” read with relevant […]
A comprehensive guide to accounting for joint ventures and associates under Indian standards, including the equity method, joint arrangements, and key differences between AS and Ind AS frameworks.
A professional analysis of interim financial reporting under AS 25 and Ind AS 34, covering key principles, regulatory context, and practical applications in India.
This analysis compares AS 24 and Ind AS 105 for discontinuing operations, examining their role in financial reporting, the going concern concept, and COVID-19’s impact.
The Ministry of Corporate Affairs has amended the Companies (Indian Accounting Standards) Rules, 2015, impacting financial reporting and liability classifications.
A summary of EPS, a key financial metric, covering its calculation under AS 20 and Ind AS 33, including concepts like basic and diluted EPS and key adjustments.
