Hey swati thanks for the information. But can you please tell me that IndAs is applicable on special act complain like NHAI( National highway authority of India) ??
Hi Varsha! Yes it is applicable on entities that are setup as an autonomous agency of Government. But in particular, you have to check the net worth criteria in same manner as for other companies.
Wipro, Infosys Technologies and NIIT, automakers like Mahindra & Mahindra and Tata Motors, textile companies like Bombay Dyeing and pharma firm Dr Reddys Laboratories
In case of mandatory phase 1 which was effective from 1st April 2016 Ind AS is not applicable on the company having net worth lower than 500 crore rupees for FY 2016-17 For upcoming each year one has check the applicability of Ind AS. I hope this solves your doubt. Let me know.
There is no criteria of turnover. Private limited company having networth of Rs 500crore or more, was asked to apply Ind AS from 1April 2016 Now if Private limited company has Networth between Rs 250- 500 crores, then it has to apply Ind AS from 1 April 2017
@@caswatigupta You are most welcome. You were teaching same as our tax teacher. He makes us understand all the topics in a simplified way as you were doing. Keep Growing😊
The way of explaining was excellent!
Thanks Manoj ☺️☺️
Thank you Swati. Your explanation has great clarity and is easily understandable. Once again thank you so much.
Welcome Sarath😇
For notes👇
rb.gy/xhncjt
What a teaching, Thank you so much!!😊
Mst wlcm kamlesh
Happy learning
Great explanation. Simple and easily understandable
Thanks 😊
very helpful..thank you! keep going!!!
Welcome 🤗
Thanks you so much ma'am... Nice explain.🙏🙏😊
Most welcome 😊
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Waah... Really like ur Video ..thanks Mam
Happy to know that it is helping people.
Thank you so much Harish ☺️
Very useful ....swati ji. well did.
Thanks Vishal😊
Thanks for this video
Welcome dear 🤗
Very nicely explained👍🏽
Thanks 😘❤️
Great work di👍
Thanks Deepesh🤗
It was so helpful.. thanks a lot for the effort.
Welcome Kiran 😊
Thanks for sharing
Welcome 🤗
Thanks
Welcome 🤗
Nicely explained
Thanks Sahil😊
Thank you Swati for providing in depth info..if possible could you please post series of videos on all Ind AS.
Hi Kunal !!
Yes for sure😊
The whole series of Videos on Ind AS is planned.
Very useful Thank you!
Thanks ☺️☺️
Very nicely explained..
Thanks Manish😊
Listed company??
Perfect 👌👌👌👌👌
Thanks Shivam 😊
Company incorporated in FY 2021 has to maintain books as per IndAS or AS
If it is listed company
or
unlisted having net worth more than 250 crore, then it has to mandatorily apply Ind AS
Otherwise apply AS
ind as not applicable on insurance co. at present
Does unlisted companies include pvt ltd companies as well?
Yes Ritik
Thank you so much ma'am
Welcome Ritik 🤗
To chat with CA Swati Gupta:
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As, Indi AS is really required to learn to be a successful accountant....?
It helps you in dealing with financials of big companies with quite high net worth
For general accounting, knowledge of basic AS is enough.
Dear mam, can you please explain about banks?
Yes for sure!
The Application of Ind AS on the banks will be applicable from a certain date, but that date is not yet announced.
I hope this solves your doubt.😊
@@caswatigupta Thanks alot mam
Do you have any telegram group or WhatsApp group where I can post all the questions related to Ind as?
@@gchirag96 I have my Instagram page
instagram.com/stay_ahead_with_swati?igshid=8g3iku5t97rt
You may DM over there
Hi,
How about the application of ind as to mutual fund companies?
Hey Nitin
The Ind AS is applicable on mutual fund company if it gets covered by net worth rule.
@@caswatigupta Thank you Swati 😊
Not applicable, as mutual funds are registered as trust and not as a company.
is this same as of now or their is any change?
Hi Paridhi.
It is same . There isn't any change recently
Hey swati thanks for the information.
But can you please tell me that IndAs is applicable on special act complain like NHAI( National highway authority of India) ??
Hi Varsha!
Yes it is applicable on entities that are setup as an autonomous agency of Government.
But in particular, you have to check the net worth criteria in same manner as for other companies.
@@caswatigupta okay thank you 😊
Can you mention the names of few company who are following
Wipro, Infosys Technologies and NIIT, automakers like Mahindra & Mahindra and Tata Motors, textile companies like Bombay Dyeing and pharma firm Dr Reddys Laboratories
If turnover is less than 500 crore in case of first case than what to do??
In case of mandatory phase 1 which was effective from 1st April 2016
Ind AS is not applicable on the company having net worth lower than 500 crore rupees for FY 2016-17
For upcoming each year one has check the applicability of Ind AS.
I hope this solves your doubt.
Let me know.
Want to join your classes for ind as
Very nice
Thank you so much 😊
Pvt Ltd mai kitne T/o per hai ???
There is no criteria of turnover.
Private limited company having networth of Rs 500crore or more, was asked to apply Ind AS from 1April 2016
Now if Private limited company has Networth between Rs 250- 500 crores, then it has to apply Ind AS from 1 April 2017
In short
If networth of private limited company is Rs 250 crores or more, then it has to apply Ind AS
Super 👌👌
Thanks Anish ☺️
@@caswatigupta You are most welcome. You were teaching same as our tax teacher. He makes us understand all the topics in a simplified way as you were doing. Keep Growing😊
Thanks ❤️
Coincidentally, I also teach Taxation.
@@caswatigupta Oh ! I see 😊
Hello Mam
Hi Aadish!
Teach INDAS 2 inventories
Moulya be ready to watch it☺️
Releasing soooon!!!
hello swati naeem here can you provide me the notes to your video?
Her voice is so cute 🤣
Thanks Bhumika ❤️
Thanks
Welcome
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