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...
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.
Explore how Ind AS 113 and IFRS 13 guide fair value using market-based and income-based valuation approaches with key differences and practical examples.
Learn how to identify performance obligations under Ind AS 115 and IFRS 15 for accurate revenue recognition. Includes examples from construction, software, and telecom.
ICAI’s Jan 2025 study reveals common Ind AS 115 non-compliance: issues in timing methods, reconciliation,
NFRA highlights auditor responsibilities in related party transactions, emphasizing compliance with Ind AS 24, SEBI regulations, and the Companies Act 2013.
Learn how Ind AS 116 & IFRS 16 define lease substitution rights. Understand when asset control determines lease recognition in financial reporting.
