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...
A summary of AS 2 and Ind AS 2 for inventory accounting. Learn about valuation methods, cost formulas, and key differences in these standards.
Learn the accounting rules for borrowing costs under AS 16 and Ind AS 23. This guide covers capitalization, qualifying assets, and key differences between the standards.
A comparative analysis of AS 15 and Ind AS 19 for employee benefits. Key differences include actuarial gains/losses, discount rates, and disclosure requirements.
Understand corporate guarantee valuation under IND AS 109 and IAS 109, including methodologies like Credit Spread and Contingent Claims, and GST implications.
Understanding Ind AS 116 is crucial for GST professionals. This accounting standard’s impact on lease asset recognition can lead to GST audit challenges.
Article critically examines the concept of control under Ind AS 110, focusing on how veto and reserved rights impact an investor’s ability to direct an investee’s relevant activities and affect returns.
Delhi ITAT sets aside PCIT’s revisionary order concerning depreciation on goodwill for AY 2016-17, citing incorrect application of IND AS 103 and reliance on a new ground.
MCA amends Ind AS 21 from April 1, 2025, clarifying currency exchangeability, requiring estimated spot rates for non-exchangeable currencies, and adding disclosure rules.
MCA notifies Companies (Indian Accounting Standards) Amendment Rules, 2025, modifying Ind AS 21 and 101 regarding currency exchangeability and disclosures.
Explore how Capex is treated under India’s direct and indirect tax laws, focusing on ownership, depreciation, ITC, disposal, and evolving compliance trends.
