TaxTMI 
TaxTMI 
Accounting Standard to be followed AS or IND AS ?
X X X X Extracts X X X X
X X X X Extracts X X X X
....ccounting Standard to be followed AS or IND AS ?<br> Query (Issue) Started By: - Prashant Kumar Dated:- 28-5-2016 Last Reply Date:- 10-9-2016 Corporate Laws / SEBI / LLP<br>Got 4 Replies<br>Companies ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....Law<br>Which accounting standard to be followed AS as per ICAI or IND AS notified by MCA Reply By Ganeshan Kalyani: The Reply: Sir, IND AS is applicable w.e.f. 01.04.2016. Thanks. Reply By Prashant....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Kumar: The Reply: Thanks for reply , but my question is not regarding applicability , i want to know which AS to be followed ? IND AS or AS as issued by ICAI. Reply By Ganeshan Kalyani: The Reply:....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Sir, the draft of accounting standards are prepared by ICAI and MCA publishes the same. Hence both are same. This is my view. Thanks. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Rule 4 of Companie....
X X X X Extracts X X X X
X X X X Extracts X X X X
....s (Indian Accounting Standard) Rules, 2015 prescribes the list of companies for which Indian Accounting Standards are applicable. For the companies other than in Rule 4 the Accounting Standards are ap....
X X X X Extracts X X X X
X X X X Extracts X X X X
....plicable. You have to verify with Rule 4 for your applicability.<br> Discussion Forum - Knowledge Sharing ....