https://www.taxtmi.com/acts?id=20796 This standard requires separate classification of current and long-term investments, measurement of current investments at the lower of cost and fair value and long-term investments at cost with provision for declines other than temporary. Acquisition cost includes brokerage and fair value of consideration given; pre-acquisition income that recovers cost reduces carrying amount. Disposals and partial disposals are recognised in profit or loss, reclassifications use lower-of tests at transfer date, and detailed disclosures of policies, income, gains/losses, restrictions and aggregate quoted/unquoted amounts are required. en-us Mon, 18 Apr 2016 22:41:01 +0530 Mon, 18 Apr 2016 22:57:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20796 This standard requires separate classification of current and long-term investments, measurement of current investments at the lower of cost and fair value and long-term investments at cost with provision for declines other than temporary. Acquisition cost includes brokerage and fair value of consideration given; pre-acquisition income that recovers cost reduces carrying amount. Disposals and partial disposals are recognised in profit or loss, reclassifications use lower-of tests at transfer date, and detailed disclosures of policies, income, gains/losses, restrictions and aggregate quoted/unquoted amounts are required. Act-Rules Companies Law Mon, 18 Apr 2016 22:41:01 +0530 https://www.taxtmi.com/acts?id=20796