Complete Tax Solution

Indian Accounting Standards OBJECTIVE  The basic objective of Accounting Standards is to remove variations in the treatment of several accounting aspects and to bring about standardization in presentation. They intent to harmonize the diverse accounting policies followed in the preparation and presentation of financial statements by different reporting enterprises so as to facilitate intra-firm and inter-firm comparison.

 Employee Benefits   include and cover all forms of consideration given by an entity in exchange for  service rendered by employees. Pictorially, it is mapped out below. Post -Employm ent Benefits  are employee benefits (other than termination benefits) which are payable after the completion of employment.