Companies (Accounting Standards) Amendment Rules, 2026

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....tation with the National Financial Reporting Authority constituted under section 132 of the said Act, hereby makes the following rules to amend the Companies (Accounting Standards) Rules, 2021, namely:- 1. Short title and commencement. - (1) These rules may be called the Companies (Accounting Standards) Amendment Rules, 2026. (2) They shall come into force on the date of their....

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....in this Standard, an enterprise should neither recognise nor disclose information about deferred tax assets and liabilities related to Pillar Two income taxes."; (b) after paragraph 32, the following paragraphs shall be inserted, namely: - "International tax reform-Pillar Two model rules 32A. An enterprise should disclose that it has applied the exception to recognising ....

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....mation does not have to reflect all the specific requirements of the Pillar Two legislation and can be provided in the form of an indicative range. To the extent information is not known or reasonably estimable, an enterprise should instead disclose a statement to that effect and disclose information about the enterprise's progress in assessing its exposure. Examples illustrating paragraphs 32C....

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....pany may not apply the disclosure requirements laid down in paragraphs 32C and 32D."; (c) after paragraph 34 and before Illustration I, the following paragraph shall be inserted, namely: - "Effective date 35. International Tax Reform-Pillar Two Model Rules, added paragraphs 2A and 32A-32D. An enterprise should: (a) apply paragraphs 2A and 32A immediately upon th....