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What are Indian Accounting Standards (Ind AS) Indian Accounting Standards or Ind AS are set of Accounting Standards notified by Ministry of Corporate Affairs (MCA) (Formulated by Accounting Standards Board of ICAI) that converge with International Financial Reporting Standards (IFRS). Ind AS are similar to IFRS except some Carve ins and Carve outs to suite the Business and accounting requirements of Indian Environment. The MCA has notified 39 Indian Accounting Standards till date. Applicability of Ind AS: Ind AS Shall be applicable to the Companies as follows: Can be applied on Voluntary basis for the periods beginning on or after April 1 st 2015 Shall be applied to following companies mandatorily from the accounting period starting on April 1 st 2016  Companies whose equity or debt instrument is listed on any Stock exchange in India or outside India or in the process of getting them listed in Stock Exchange and having a Net Worth of Rs. 500 Crores or more  Companies oth...

Step 1: Download MCA XBRL Validation Tool In this post we are going to see how to convert MCA XBRL file to a PDF file, First Download MCA XBRL Validation Tool from MCA website ( Click Here ). The current version is MCA XBRL Validation Tool v.4.8. Download the tool and save the ZIP file in a folder on the desktop. Extract the Zip file into the same folder.      Step 2: Download and install latest JAVA. Now Download the latest JAVA software ( Click here ). Install the JAVA Software in the same folder (on the desktop) in which we have extracted the Tool. Make sure to download the latest version of JAVA software.   Now you need to copy the path of the folder on the desktop (In which you have downloaded the tool and also installed the JAVA Software), then search for "Advanced system settings" in the Start Menu and Click on "View Advanced System Settings"      In the Advanced System Settings, Now Click on "Environmental Variables" and Under "System Variabl...