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of <h1>Finance Bill 2019 Amendment: Ind-AS Companies Can Record Demerger Assets at Ind-AS Values, Effective April 2020.</h1> The Finance Bill 2019 proposes an amendment to facilitate the demerger of companies compliant with Indian Accounting Standards (Ind-AS). Currently, for a tax-neutral demerger, the resulting company must record the property and liabilities at the book value of the demerged company. Ind-AS compliant companies, however, must record these at a different value. The amendment to section 2 of the Act will allow such companies to record property and liabilities at values compliant with Ind-AS, rather than book values, effective from April 1, 2020, applicable from the assessment year 2020-21 onwards.
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