With effect from 01 April 2016
Tata Consultancy Services announced that as per Ministry of Corporate Affairs notification dated 16 February 2015, listed and unlisted companies with net worth of Rs. 500 crore or more including the parent or subsidiaries of such companies will have to prepare their financial statements following Ind AS with effect from 01 April 2016 with comparative periods beginning 01 April 2015. Therefore, the Company will be publishing its financial statements prepared under Ind AS when it announces its Q1 earnings for FY17 on 14 July 2016 and not as per Indian GAAP. The Company will continue to post its earnings in IFRS as well.Powered by Capital Market - Live News