MCA notifies amendments in 21 Indian Accounting Standards (Ind AS) with immediate effect

The Ministry of Corporate Affairs (MCA) in consultation with the National Financial Reporting Authority (NFRA) has notified amendments to twenty one Indian Accounting Standards (Ind AS) including Ind AS 104, Ind AS 107, Ind AS 109, Ind AS 115, Ind AS 116, Ind AS 38, etc. The new Companies (Ind AS) Amendment Rules, 2021 shall come into force from 18 June, 2021.The Ministry of Corporate Affairs (MCA) in consultation with the National Financial Reporting Authority (NFRA) has notified amendments to twenty one Indian Accounting Standards (Ind AS) including Ind AS 104, Ind AS 107, Ind AS 109, Ind AS 115, Ind AS 116, Ind AS 38, etc. The new Companies (Ind AS) Amendment Rules, 2021 shall come into force from 18 June, 2021.taxmann.com NewsRead More

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