https://www.taxtmi.com/article/detailed?id=6087 The Rules set staged voluntary and mandatory adoption of Indian Accounting Standards, exempt certain financial-sector entities, and tie applicability to company class and net worth with transitional calculation principles. Voluntary adopters and companies required to adopt must consistently apply Ind AS to both standalone and consolidated financial statements; voluntary adoption is irreversible and continued application is required even if eligibility criteria later change. Companies outside Ind AS scope must follow the 2006 Accounting Standards exclusively. en-us Thu, 26 Feb 2015 05:32:23 +0530 Thu, 26 Feb 2015 05:32:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6087 The Rules set staged voluntary and mandatory adoption of Indian Accounting Standards, exempt certain financial-sector entities, and tie applicability to company class and net worth with transitional calculation principles. Voluntary adopters and companies required to adopt must consistently apply Ind AS to both standalone and consolidated financial statements; voluntary adoption is irreversible and continued application is required even if eligibility criteria later change. Companies outside Ind AS scope must follow the 2006 Accounting Standards exclusively. Articles Corporate Laws / IBC / SEBI Thu, 26 Feb 2015 05:32:23 +0530 https://www.taxtmi.com/article/detailed?id=6087