Taxmann's Indian Accounting Standards (Ind AS)

Taxmann's Indian Accounting Standards (Ind AS) – 7th Edition 2025 provides a comprehensive and updated analysis of the Indian Accounting Standards notified under the Companies Act, 2013. This edition incorporates amendments made by the Companies (Indian Accounting Standards) Rules, 2023 & 2024 and covers the latest practical issues and disclosures.

The book is designed to assist CAs, CFOs, accounting professionals, auditors, academicians, and students in understanding and implementing Ind AS with ease through real-life examples, conceptual clarity, and expert commentary.

📘 Key Features:

• Complete coverage of all Ind AS notified by MCA, with updated amendments

• Includes conceptual explanations, comparisons with IFRS, and practical illustrations

• Explains application issues, disclosure requirements, and key audit matters

• Separate chapters on financial instruments, business combinations, lease accounting, and revenue recognition

• Ideal for use in industry, academia, and professional exams

📚 Contents Overview:

1. Introduction to Ind AS Framework

2. Key Differences: Ind AS vs. AS vs. IFRS

3. Ind AS 1 to Ind AS 116 – Detailed Analysis

4. Business Combinations, Financial Instruments

5. Revenue from Contracts with Customers (Ind AS 115)

6. Leases (Ind AS 116)

7. Consolidated Financial Statements (Ind AS 110, 111, 112)

8. Disclosures and Presentation Requirements

9. Recent Amendments and Case Studies

🎯 Useful For:

• Chartered Accountants & CFOs

• Accounting and finance professionals

• CA Final, CMA Final, CS Professional students

• MBA and M.Com students

• Accounting educators and trainers