Convergence or divergence: New reporting standards in India

August 28 2014

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

more across site & shared bottom lb ros

More from across our site

Direct Tax

AI in tax: from early promise to everyday reality

ITR sat down for a pre-event interview with Tim Zech, WTS Germany, and Jeff Soar, WTS UK, keynote speaker at next week’s ITR AI in Tax Forum 2026 in London

April 22 2026

Direct Tax

Brazil has ‘substantive grounds’ for pillar two carve-out request: advisers

Brazil’s bid to seek US-style exemptions from pillar two is ‘highly advantageous’ for multinationals, ITR has also heard

Sam Sholli, April 22 2026

Direct Tax

Tax certainty for non residents visiting India: unpicking recent reforms

India is signalling flexibility on expat taxation to attract foreign expertise, though employers will need to navigate disclosure, treaty and scope uncertainties

S Vasudevan, April 21 2026

Direct Tax

Brazil asks OECD for pillar two carve-out deal

Brazil is trying to follow in the US’s footsteps and secure its own 'qualified side-by-side status', ITR understands

Sam Sholli, April 20 2026

Indirect Tax

HMRC increases VAT investigations into large and medium-sized businesses

The surge in probes comes as the UK tax authority seeks to close a VAT gap of £11.4bn from last year, Pinsent Masons’ research has suggested

Sam Sholli, April 20 2026

What Corporates Want 2026 use of technology article header

A taxing week: The technology arms race is being judged by clients – not firms

ITR’s survey data reveals widespread client disappointment with firms’ use of technology but our upcoming AI in Tax event offers advisers a chance to flip the script

Tom Baker, April 17 2026

Direct Tax

This week in tax: Vinson & Elkins hires Kirkland tax partner in London

Firms announced key tax partner hires across the US and UK, while fintech and software providers revealed board appointments and new tools for multinational tax teams

Sam Sholli, April 17 2026

Direct Tax