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Manpreet SinghManpreet Singh asked 12 months ago
4 Answers
RaviRavi Staff answered 12 months ago

Sir was not well, most probably today evening he will revert to queries, normally he replies within a day

RaviRavi Staff answered 11 months ago

All accounting standards are applicable unless they contradict with RBI circulars

RaviRavi Staff answered 11 months ago

Dear Manpreet
It is a general rule that, unless RBI circulars and AS contradicts , AS will be applicable
Now RBI has given extensive guidance on how to proceed with investments.
Whether it’s classification, valuations and treatment of profits and losses.
And further from bare text of AS 13, which excludes bank from applicability, it is evident that AS doesn’t want to get into investments of bank atleast.

Manpreet SinghManpreet Singh answered 11 months ago

Thanku so much sir

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