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ICAI Clears New Format for Profit & Loss Account
Mint Kolkata
|August 02, 2025
The way Indian firms present their profit and loss statements is set for a makeover, which could provide investors with a clearer picture of what's driving profits and where the money goes.
The Institute of Chartered Accountants of India (ICAI) has approved a new reporting format under Ind AS 118, bringing it one step closer to implementation, two persons aware of the development said.
This story is from the August 02, 2025 edition of Mint Kolkata.
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