https://www.taxtmi.com/acts?id=41009 Investments in associates are accounted for in consolidated financial statements using the equity method: initially recorded at cost with goodwill or capital reserve identified, then adjusted for the investor's post-acquisition share of the associate's net assets and results; distributions reduce carrying amount; unrealised intercompany profits eliminated to the extent of the investor's interest; discontinue equity method when significant influence ceases or when severe restrictions impair transfers, thereafter accounting under the investments standard with the carrying amount treated as cost. en-us Sat, 05 Nov 2022 17:13:18 +0530 Tue, 06 Jan 2026 15:28:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41009 Investments in associates are accounted for in consolidated financial statements using the equity method: initially recorded at cost with goodwill or capital reserve identified, then adjusted for the investor's post-acquisition share of the associate's net assets and results; distributions reduce carrying amount; unrealised intercompany profits eliminated to the extent of the investor's interest; discontinue equity method when significant influence ceases or when severe restrictions impair transfers, thereafter accounting under the investments standard with the carrying amount treated as cost. Act-Rules Companies Law Sat, 05 Nov 2022 17:13:18 +0530 https://www.taxtmi.com/acts?id=41009