https://www.taxtmi.com/news?id=15631 The revised Schedule III creates Division II for companies complying with Ind AS, requiring financial statements to follow prescribed formats and classification rules while accommodating necessary departures where Ind AS or other law mandates. It mandates detailed face of statement line items and extensive note disclosures-reconciliations of carrying amounts, sub classification of assets and liabilities (including secured/unsecured/doubtful), related party and director exposures, equity reconciliations, borrowings and defaults, contingent liabilities, and additional disclosures in the Statement of Profit and Loss and consolidated statements, with specified presentation of comprehensive income and non controlling interests. en-us Wed, 10 Feb 2016 10:32:54 +0530 Wed, 11 Feb 2026 15:56:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15631 The revised Schedule III creates Division II for companies complying with Ind AS, requiring financial statements to follow prescribed formats and classification rules while accommodating necessary departures where Ind AS or other law mandates. It mandates detailed face of statement line items and extensive note disclosures-reconciliations of carrying amounts, sub classification of assets and liabilities (including secured/unsecured/doubtful), related party and director exposures, equity reconciliations, borrowings and defaults, contingent liabilities, and additional disclosures in the Statement of Profit and Loss and consolidated statements, with specified presentation of comprehensive income and non controlling interests. News - Wed, 10 Feb 2016 10:32:54 +0530 https://www.taxtmi.com/news?id=15631