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The 2026 edition of the Ind AS compliant Example Consolidated Financial Statements aims to promote high‑quality and consistent implementation of applicable financial reporting framework requirements in India. These financial statements have been prepared in accordance with the Indian Accounting Standards (Ind AS) specified under Section 133, read with Division II of Schedule III of the Companies Act, 2013.
These Example Consolidated Financial Statements, have been developed based on the activities and financial outcomes of Illustrative India Limited and its subsidiaries (collectively referred to as ‘the Group’ or the ‘Illustrative India Group’) — a fictional entity engaged in consulting, services, telecommunication system construction, and retail operations. The Group has been reporting under Ind AS for several years.
These illustrative financial statements are intended to serve as a learning resource and reference guide. They are not designed to function as a definitive template and should be considered alongside applicable industry‑specific standards and regulatory requirements. The objective is to demonstrate one possible approach to reporting transactions commonly encountered across general business sectors.
The 2026 version incorporates practical guidance and illustrative disclosures on following selected topics, that include recent amendments to accounting standards:
The September edition of Purple Insights highlights key regulatory developments across corporate affairs, securities law and compliance frameworks.
The tax and regulatory environment continues to evolve rapidly, with significant developments on both judicial and legislative fronts. To keep you ahead of these developments, we present the October 2026 edition of the Grant Thornton Bharat Monthly Tax Bulletin. This edition provides a concise summary of key developments in direct taxes, FEMA, transfer pricing and indirect taxes for September 2026.
We are pleased to present the October 2026 edition of The Tax Controversy Chronicle - Grant Thornton Bharat’s quarterly publication that spotlights key judicial developments across direct tax, indirect tax, Foreign Exchange Management Act (FEMA), and transfer pricing.
