The Ministry of Corporate Affairs (MCA) has notified Companies (Accounting Standard) Rules, 2021 for non-IndAS companies which shall be applicable for accounting period(s) commencing on or after 1st April 2021. The Rules incorporate the Accounting Standards and lay down the criteria for exemptions/ relaxations for Small and Medium Sized Companies (SMCs).The Ministry of Corporate Affairs (MCA) has notified Companies (Accounting Standard) Rules, 2021 for non-IndAS companies which shall be applicable for accounting period(s) commencing on or after 1st April 2021. The Rules incorporate the Accounting Standards and lay down the criteria for exemptions/ relaxations for Small and Medium Sized Companies (SMCs).taxmann.com NewsRead More
