https://www.taxtmi.com/notifications?id=138010 The rules implement Annual Improvements to Ind AS (2021) across multiple standards, effective for annual reporting periods beginning on or after 1st April, 2022. Key amendments permit a subsidiary/associate/joint venture election on cumulative translation differences under Ind AS 101; clarify acquisition-date recognition and treatment of contingent liabilities and assets under Ind AS 103; set transition and modification guidance and a 10% threshold for substantially different financial liability terms under Ind AS 109; clarify treatment of proceeds from testing under Ind AS 16; define cost of fulfilling a contract and related transition relief under Ind AS 37; and amend Ind AS 41 cash flow exclusions. en-us Wed, 23 Mar 2022 00:00:00 +0530 Mon, 04 Apr 2022 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=138010 The rules implement Annual Improvements to Ind AS (2021) across multiple standards, effective for annual reporting periods beginning on or after 1st April, 2022. Key amendments permit a subsidiary/associate/joint venture election on cumulative translation differences under Ind AS 101; clarify acquisition-date recognition and treatment of contingent liabilities and assets under Ind AS 103; set transition and modification guidance and a 10% threshold for substantially different financial liability terms under Ind AS 109; clarify treatment of proceeds from testing under Ind AS 16; define cost of fulfilling a contract and related transition relief under Ind AS 37; and amend Ind AS 41 cash flow exclusions. Notifications Companies Law Wed, 23 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/notifications?id=138010