https://www.taxtmi.com/news?id=15654 The draft rules defer the effective date of Ind AS 115, Revenue from Contracts with Customers, until accounting periods commencing on or after 1 April 2018; until then companies shall apply Ind AS 11 (Construction Contracts) and Ind AS 18 (Revenue). Consequential amendments across multiple Ind ASs (including presentation, disclosure, measurement and transition provisions) are specified in Annexure B and related appendices to maintain consistency with the temporary reversion to Ind AS 11 and Ind AS 18. en-us Wed, 17 Feb 2016 11:49:35 +0530 Wed, 11 Feb 2026 15:56:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15654 The draft rules defer the effective date of Ind AS 115, Revenue from Contracts with Customers, until accounting periods commencing on or after 1 April 2018; until then companies shall apply Ind AS 11 (Construction Contracts) and Ind AS 18 (Revenue). Consequential amendments across multiple Ind ASs (including presentation, disclosure, measurement and transition provisions) are specified in Annexure B and related appendices to maintain consistency with the temporary reversion to Ind AS 11 and Ind AS 18. News - Wed, 17 Feb 2016 11:49:35 +0530 https://www.taxtmi.com/news?id=15654