HomeCategory new Indian Accounting Standards (Ind AS)

new Indian Accounting Standards (Ind AS)Companies With Over Rs 500 Crore Net-Worth Now to Follow New Accounting Rules

April 1, 20160

Companies with a net-worth of Rs 500 crore or more will have to follow the new Indian Accounting Standards (Ind AS) from April 1,2016. The new standards are benchmarked to the International Financial Reporting Standards ( IFRS).It shall be known as The Companies (Indian Accounting Standards) Rules, 2015 It was introduced for being implementation in phases, for...

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