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Indian Accounting Standard (Ind AS) 24Related Party Disclosures (This Indian Accounting Standard includes paragraphs set in bold type and plain type, which have equal authority. Paragraphs in bold
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Indian Accounting Standard (Ind AS) is the accounting standard adopted by companies in India as per the guidelines provided by the Ministry of Corporate Affairs.
All companies in India are required to comply with Indian Accounting Standards (Ind AS) for financial reporting.
To fill out Indian Accounting Standards (Ind AS), companies need to follow the guidelines provided by the Ministry of Corporate Affairs and ensure that all financial information is accurately reported.
The purpose of Indian Accounting Standards (Ind AS) is to standardize the accounting practices of companies in India and improve transparency and comparability of financial statements.
Companies need to report accurate financial information including balance sheets, income statements, cash flow statements, and notes to accounts as per Indian Accounting Standards (Ind AS).
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