TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amendment to Indian Accounting Standards: Changes to Ind AS 103, 107, 109, 116, 1, and 8 Effective April 2020.</h1> The Companies (Indian Accounting Standards) Amendment Rules, 2020, issued by the Ministry of Corporate Affairs, amends the Companies (Indian Accounting Standards) Rules, 2015. Key changes include revisions to Ind AS 103 regarding business combinations, introducing a concentration test for asset acquisitions, and redefining the term 'business.' Amendments to Ind AS 107 and Ind AS 109 address interest rate benchmark reform, providing temporary exceptions for hedge accounting. Ind AS 116 introduces practical expedients for COVID-19-related rent concessions. Changes to Ind AS 1 and Ind AS 8 redefine 'material' information. These amendments are effective from April 1, 2020, or upon publication in the Official Gazette.
TaxTMI 
TaxTMI 
