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This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha today. <\/span><\/p>\n\n<\/div>\n
*******<\/div>\n
\n<\/div>\n
DSM\/KA\/\/rs <\/span><\/p>\n<\/div>\n
(Release ID :113814)<\/span> <\/p>\n
<\/span><\/div>\nSource:PIB<\/span><\/div>\n","protected":false},"excerpt":{"rendered":"The Finance Minister in the Budget speech 2014-15 announced that the Indian Accounting Standards (Ind AS) i.e. accounting standards based largely on with International Financial Reporting Standards (IFRS) shall be applied by Indian Companies from F.Y. 2015-16 voluntarily and from F.Y. 2016-17 on a mandatory basis. 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