Convergence or divergence: New reporting standards in India

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2026

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

Convergence or divergence: New reporting standards in India

August 28 2014
convergence-lg.jpg

India has announced the adoption of IFRS converged standards for financial reporting and tax accounting standards for the computation of taxable income. Sai Venkateshwaran, partner and head of the accounting advisory services group at KPMG in India analyses the impact and challenges of these announcements.

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Take a Free Trial or Login

Topics

FeatureIndiaDirect TaxCompliance ManagementITR MagazineSeptember 2014Asia-Pacific
more across site & shared bottom lb ros

More from across our site

Direct Tax
BDO
This week in tax: BDO UK and BDO Ireland rubber-stamp $1.5bn merger
The expanded firm will comprise roughly 8,500 employees, including 550 partners; in other news, Paul Hastings and Macfarlanes made senior tax hires
Sam Sholli, February 20 2026
Transfer Pricing
US Venezuela flags
Advisers clash over Venezuela’s TP evolution in post-Maduro world
Meanwhile, one expert highlights the importance of separating Venezuela’s tax authority from direct political control after ‘lost decades and isolation’
Sam Sholli, February 19 2026
Direct Tax
jakarta-indonesia 600 x 375
Beyond compliance theatre: Indonesia’s new era of tax transparency
With PMK 108, Indonesia has upgraded its tax transparency regime for the digital era, focusing on data quality, governance, and cross border exchange rather than expanding regulatory reach
Gitarani Prastuti , February 18 2026
Direct Tax
Isometric 3d render of blue horseshoe magnet pulling diverse crowd concept of social influence brand magnetism user acquisition recruitment strategy and audience growth
Why one tax firm is happy for associates to leave
In a popular LinkedIn post, Jeremie Beitel encouraged firms to invest in junior talent even if it doesn’t lead to their loyalty, though recruiters offered ITR a mixed assessment
Tom Baker, February 18 2026
Direct Tax
hmrc.jpg
HMRC issues new guidance for online tax adviser registration system
Advisers who do not register for the new regime in time could be prevented from interacting with HMRC, the tax authority said
Sam Sholli, February 17 2026
Direct Tax
Richard Nugent.jpg
Pillar two not hollowed out by side-by-side deal: US tax leader
Valid pillar two objectives are still intact after the side-by-side agreement, but whether the framework is now settled is ‘a $64,000 question’, Morrison Foerster’s tax chair told ITR
Sam Sholli, February 16 2026
Direct Tax
ian halligan resized.jpg
Baker Tilly International appoints new global head of tax
Ian Halligan previously led Baker Tilly’s international tax services in the US
Sam Sholli, February 16 2026
Direct Tax
What Corporates Want 2025 840x473 article header (1).png
A taxing week: DEI was slipping down the US agenda with or without Trump
Exclusive ITR data emphasises that DEI does not affect in-house buying decisions – and it’s nothing to do with the US president
Tom Baker, February 13 2026
Direct Tax
Close-up of handshake of businesswoman and businessman
This week in tax: McDermott, BakerHostetler bolster US tax partner benches
The firms made senior hires in Los Angeles and Cleveland respectively; in other news, South Korea reported an 11% rise in tax income, fuelled by a corporation tax boom
Sam Sholli, February 13 2026
Direct Tax
UN large
Tax Justice Network slams ‘shameless’ ICC report amid UN negotiations
The ‘deeply flawed’ report is attempting to derail UN tax convention debates, the Tax Justice Network’s CEO said
Sam Sholli, February 12 2026
Gift this article