MCA Notified Ind-AS
The Ministry of Corporate Affair (MCA) has notified 35 Indian IFRS standards (known as “Ind-AS’), without announcing the applicability date that will be applied in a phased manner. These are in convergence with IAS / IFRS.
Note - These are not applicable yet. Please click here to view list of applicable accounting standards for Financial year 2010-2011.
Click below attachment for difference between Ind-AS and IFRS. |