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DataTracks India
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Ind-AS though a close convergence, have some significant departures from #IFRS which are commonly known as carve-outs and carve-ins. Here are a few critical ones http://bit.ly/1LPz0Iu
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The government has notified the rules for Indian Accounting Standards (Ind AS) which will be mandatory for companies from 1 April 2016. Know more http://bit.ly/17ScbXs

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Ind-AS adoption will bring #India at par with more than 105 countries where #IFRS is mandatorily followed. Notification about the same to be released in a month. Find out more http://articles.economictimes.indiatimes.com/2015-02-06/news/58879125_1_ind-as-cost-accountants-rs-500-crore

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As #2015 arrived, #India made its second commitment to #IFRS convergence – by making it mandatory for all companies with a net-worth of 500 crore rupees or more and their holding, subsidiary, joint venture and associate companies to apply Ind-AS starting FY17. Amarjit Chopra, Chairman of the National Advisory Committee on Accounting Standards explains further http://thefirm.moneycontrol.com/story_page.php?autono=1271420

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The #XBRL wave started in India in late 2007 when the Institute of Chartered Accounts of India realized the critical role of Digital Business Reporting in the arena of regulatory reporting. This vision was materialized by involving the four major regulators to make its scope more holistic. A look at the journey of XBRL reporting in #India so far http://www.datatracks.in/xbrl-blog/journey-xbrl-reporting-india/ 

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