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IFRS Blogs

    CBDT notifies Income Computation and Disclosure Standards

    CBDT notifies Income Computation and Disclosure Standards
    Author: Sai Venkateshwaran
    Published date: 2 April, 2015

    The Ministry of Finance has issued ten Income Computation and Disclosure Standards (ICDS), operationalising a new framework for computation of taxable income by all assesses in relation to their income under the heads “Profit and more


    MCA notifies Indian Accounting Standards converged with IFRS

    MCA notifies Indian Accounting Standards converged with IFRS
    Author: Sai Venkateshwaran,Partner – Advisory,India Head - Accounting Advisory Services, KPMG in India
    Published date: 23 February, 2015

    The Ministry of Corporate Affairs has finally notified the much awaited Indian Accounting Standards (Ind-AS), which are converged with International Financial Reporting Standards (IFRS). The notification of these IFRS converged more


    Ind-AS

    Ind-AS
    Author: Sai Venkateshwaran,Partner – Advisory,India Head - Accounting Advisory Services, KPMG in India
    Published date: 27 January, 2015

    Coming as a follow up to the Finance Minister’s budget announcement on IFRS, the Ministry of Corporate Affairs (MCA) has announced a revised roadmap for implementation of Indian Accounting Standards converged with IFRS (Ind-AS) more


    Income Computation and Disclosure Standards

    Income Computation and Disclosure Standards
    Author: Sai Venkateshwaran,Partner – Advisory,India Head - Accounting Advisory Services, KPMG in India
    Published date: 27 January, 2015

    Close on the heels of the press release notifying the road map for Ind AS convergence, the Ministry of Finance has published an updated draft of the Income Computation and Disclosure Standards or ICDS (previously termed as Tax more


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