MCA notifies new accounting standard for foreign currency transactions
- Posted on May 9, 2025
- By Financial Express
- 3 Views
MCA notifies new accounting standard for foreign currency transactions
MCA notifies changes to Ind AS 21, guiding companies on handling foreign currency transactions when exchangeability is lacking. Effective April 2025, the new rule helps firms estimate spot rates, improving transparency, accuracy, and investor confidence in global operations.
