New Accounting Standards (AS)

Year: 2021

(Notified Under Companies Act 2013 And Enforced With Effect Form 1-4-2014)

New Accounting Standards (AS) contains the updated Accounting Standards issued under the Companies (Accounting Standard) Rules, 2021, with effect from 01-04-2021. It also provides an overview of all changes incorporated in the new Accounting Standards vis-à-vis the previous version; in other words, it presents a comparative study of Accounting Standard Rules 2006 & Accounting Standards Rules 2021.

The Present Publication is the Latest Edition, authored by Taxmann’s Editorial Board, updated till 24^th June 2021, with the following noteworthy features:

• [Text of New Accounting Standard Rules, 2021] notified under Companies (Accounting Standard) Rules, 2021 (Enforced w.e.f. 1-4-2021);
• [Complete Checklist] on the applicability of Accounting Standards for Small and Medium Companies (SMCs) and Non-SMCs; and
• [Detailed Guide on Exemptions/Relaxations] in Accounting Standards for SMCs