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Amendments to Accounting Standards effective from 31st March, 2016

01 April 2016

MCA vide notification dated 30th March, 2016 has amended Companies (Accounting Standards) Rules, 2006. Certain Accounting Standards (AS) have been amended under the said notification. As the notification is published in the official gazette on 31st March, 2016, it is applicable to all the entities, whose financial period ends on or after 31st March, 2016.