https://www.taxtmi.com/news?id=14587 IND AS adoption is a phased mandatory regime based on listing status and net worth, with insurance companies, banking companies and NBFCs excluded from voluntary adoption. Voluntary adoption is irrevocable and must be applied consistently. Net worth thresholds determine effective dates and are checked only at first-time adoption. Holding companies, subsidiaries, joint ventures and associates of covered entities are subject to IND AS for consolidated financials without separate net worth conditions; Indian affiliates of foreign parents adopt IND AS when triggered by the foreign parent. en-us Wed, 10 Jun 2015 14:30:19 +0530 Wed, 10 Jun 2015 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14587 IND AS adoption is a phased mandatory regime based on listing status and net worth, with insurance companies, banking companies and NBFCs excluded from voluntary adoption. Voluntary adoption is irrevocable and must be applied consistently. Net worth thresholds determine effective dates and are checked only at first-time adoption. Holding companies, subsidiaries, joint ventures and associates of covered entities are subject to IND AS for consolidated financials without separate net worth conditions; Indian affiliates of foreign parents adopt IND AS when triggered by the foreign parent. News - Wed, 10 Jun 2015 14:30:19 +0530 https://www.taxtmi.com/news?id=14587