Companies (Indian Accounting Standards) Amendment Rules, 2023.
G.S.R. 242(E). — In exercise of the powers conferred by section 133 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government, in consultation with the National Financial Reporting Authority, hereby makes the following rules further to amend the Companies (Indian Accounting Standards) Rules, 2015, namely:-
- Short title and commencement.-
(1) These rules may be called the Companies (Indian Accounting Standards) Amendment Rules, 2023.
(2) They shall come into force with effect from 1st day of April, 2023. - In the Companies (Indian Accounting Standards) Rules, 2015, in the “Annexure”, under the heading “B. Indian Accounting Standards (Ind AS)”,-
(A) in Indian Accounting Standard (Ind AS) 101, –
(i) after paragraph 39AG, the following shall be inserted, namely:-
“39AH Deferred Tax related to Assets and Liabilities arising from a Single Transaction, amended paragraph B1 and added paragraph B14. An entity shall apply these amendments for annual reporting periods beginning on or after 1 April 2023.”;
(ii) in Appendix B,
(a) in paragraph B1, for items (f) and (g), the following shall be substituted, namely:-
“(f) embedded derivatives (paragraph B9);
(g) government loans (paragraphs B10–B12);
(h) [Refer Appendix 1]; and
(i) deferred tax related to leases and decommissioning, restoration and similar liabilities (paragraph
B14).”;
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