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of <h1>Understanding Ind AS 40: Accounting for Investment Properties, Fair Value, and Classification Transfers Explained</h1> Indian Accounting Standard (Ind AS) 40 outlines the accounting treatment and disclosure requirements for investment properties. It defines investment property as land or buildings held to earn rentals or for capital appreciation, distinguishing it from owner-occupied property. The standard mandates initial measurement at cost, including transaction costs, and subsequent measurement using the cost model, with fair value disclosures encouraged. It excludes application to biological assets, mineral rights, and properties intended for sale. Recognition occurs when future economic benefits are probable and costs measurable. Transfers between property classifications depend on changes in use, not management intentions.
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