https://www.taxtmi.com/article/detailed?id=17674 Under Ind AS 110, profit or loss and each component of other comprehensive income must be attributed to NCI even if this produces a deficit balance. NCI is not capped at zero and continues to be presented separately within equity in consolidated financial statements. Schedule III requires separate presentation and disclosures of NCI, including its share of profit or loss, OCI, total comprehensive income and relevant equity movements. A deficit NCI does not itself create a funding obligation for NCI holders; any such obligation depends on separate legal or contractual arrangements. en-us Sat, 31 Oct 2026 08:35:38 +0530 Sat, 31 Oct 2026 08:35:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17674 Under Ind AS 110, profit or loss and each component of other comprehensive income must be attributed to NCI even if this produces a deficit balance. NCI is not capped at zero and continues to be presented separately within equity in consolidated financial statements. Schedule III requires separate presentation and disclosures of NCI, including its share of profit or loss, OCI, total comprehensive income and relevant equity movements. A deficit NCI does not itself create a funding obligation for NCI holders; any such obligation depends on separate legal or contractual arrangements. Articles Accounting - Auditing Sat, 31 Oct 2026 08:35:38 +0530 https://www.taxtmi.com/article/detailed?id=17674