The Indian Ministry of Corporate Affairs (MCA)
has issued 35 Indian Accounting Standards (IND AS) that are
converged with IFRS, but has not given a date for
implementation.

The standards are the next step in India’s
IFRS convergence plan but the MCA has said a date for phased
implementation can only be made once certain Indian tax and other
issues have been resolved.

Indian accounting standards are based on IFRSs
with some carve-outs. Further changes have also been made by the
MCA.

 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData