CBDT’s revised Income Computation and Disclosure Standard (ICDS)-7 corresponding to AS-12 of ICAI, for treatment of Government grants by an enterprise, including subsidies, cash incentives, duty drawbacks, waiver, concessions, …
CBDT’s revised Income Computation and Disclosure Standard (ICDS)-6 corresponding to AS-11 of ICAI, for treatment of forex transactions, forward forex contracts, etc., to reflect the effect of changes in …
CBDT’s revised Income Computation and Disclosure Standard (ICDS)-5 corresponding to AS-10 of ICAI, for treatment of tangible fixed assets in the books of account of an enterprise. Preamble This …
CBDT’s revised Income Computation and Disclosure Standard (ICDS)-1 corresponding to AS-1 of ICAI, for adoption and disclosure of significant accounting policies by an enterprise. Preamble This Income Computation and …
CBDT’s revised Income Computation and Disclosure Standard (ICDS)-4 corresponding to AS-9 of ICAI, for recognition of revenue arising in the ordinary course of business activities of an enterprise. Preamble …
CBDT’s revised Income Computation and Disclosure Standard (ICDS)-3 corresponding to AS-7 of ICAI, for determination of a contractor’s income from construction contracts. Preamble This Income Computation and Disclosure Standard …
CBDT’s revised Income Computation and Disclosure Standard (ICDS)-2 corresponding to AS-2 of ICAI, for valuation of inventories at lower of ‘cost’ or ‘net realisable value’ by an enterprise with …
The Ministry of Corporate Affairs (MCA) has notified Companies (Accounting Standards) Amendment Rules, 2016 (G.S.R. 364(E) dated 30.03.2016) and amended the following Accounting Standards and omitted AS 6, Depreciation …
List of Interpretations issued by the IFRS Interpretations Committee (IFRIC)/ Standards Interpretations Committee (SIC) included in Appendix to relevant Indian Accounting Standards (Ind AS): Sl. No. IFRIC/ SIC No. …
Sl. No. IFRS/ IAS Ind AS Subject 1 IAS 1 Ind AS 1 Presentation of Financial Statements 2 IAS 2 Ind AS 2 Inventories 3 IAS 7 Ind AS …