Accounting Standard to be followed AS or IND AS ?

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..... Accounting Standard to be followed AS or IND AS ?
Query (Issue) Started By: - Prashant Kumar Dated:- 28-5-2016 Last Reply Date:- 10-9-2016 Corporate Laws / SEBI / LLP
Got 4 Replies
Companies .....

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..... Law
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 Prashan .....

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..... t 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 .....

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..... : 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 Compani .....

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..... es (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 a .....

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..... pplicable. You have to verify with Rule 4 for your applicability.
Discussion Forum - Knowledge Sharing .....

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