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AS for Non profit organizations

Does AS and Ind AS are applicable to the Non-Profit organizations irrespective of their Turnover ?


Avasarala Vivek Aditya

Avasarala Vivek Aditya

CA Inter

6K+

1 day ago

34

Answers (7)

Yes if they are into business, industry, commercial activities.


Suraj Lakhotia

Suraj Lakhotia

Admin

1 day ago

Sir, for educational societies ? They don't have to follow AS ?


Thread Starter

Avasarala Vivek Aditya

Avasarala Vivek Aditya

CA Inter

6K+

1 day ago

Yes.


Suraj Lakhotia

Suraj Lakhotia

Admin

1 day ago

Suraj Lakhotia Admin

https://www.education.gov.in/sites/upload_files/mhrd/files/Report_IASEI.pdf

Thank you so much Sir


Thread Starter

Avasarala Vivek Aditya

Avasarala Vivek Aditya

CA Inter

6K+

1 day ago

Dont spend too much time in understanding the document. Just go through recommendations


Suraj Lakhotia

Suraj Lakhotia

Admin

1 day ago

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