Rule 3 Accounting Standards
- Chapter
- I · Accounting Standards
- Text as on
- 14 August 2026
3. Accounting Standards.- (1) The Central Government hereby specifies Accounting Standards 1 to 5, 7and 9 to 29 as recommended by the Institute of Chartered Accountants of India, which are specified in the Annexure to these rules.
(2) The Accounting Standards shall come into effect in respect of accounting periods commencing on or after the 1stday of April, 2021.