Indian Accounting Standards Co.Act 2013
Is it required to follow accounting Standards by All the Companies.
All stakeholders are hereby informed that the Ministry of Corporate Affairs has notified Roadmap for applicability of Indian Accounting Standards (Ind AS) for compliance by the class of companies specified in the said roadmap.
For FY 15-16, it is optional for all companies. From 16-17 applicability of Ind As starts gradually