Company following AS

Accountancy

Can a company following AS shift to ind as on voluntary basis although its net worth is less than 250 crore and it is unlisted company?

Atharv Sankliya

CA Final

★ 3K+

12-Mar-23 22:22

477

Answers (3)

Yes, company (even if unlisted) can apply Ind AS on voluntary basis. Limit of 250 cr makes it compulsory for all those companies which crossed the limit.

Jitendra Kumar

CA Final

★ 41K+

13-Mar-23 00:14

Jitendra Kumar

Yes, company (even if unlisted) can apply Ind AS on voluntary basis. Limit of 250 cr makes it compulsory for all those companies which crossed the limit.

Can it apply if net worth is less than 250 Cr and unlisted?

Thread Starter

Atharv Sankliya

CA Final

★ 3K+

13-Mar-23 00:19

Thread Starter

Atharv Sankliya

Can it apply if net worth is less than 250 Cr and unlisted?

Yes

Jitendra Kumar

CA Final

★ 41K+

13-Mar-23 12:06