Listing ID #7200119
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IFRS were issued in 2003 by IASB. IFRS was issued with the objective of providing transparent and comparative information to the stakeholders- Institutional Investors, Retail Investors, government, etc to enable them to make informed capital decisions. Over the period business opportunities have expanded and service delivery has become quicker due to the use of information technology. This has resulted in a dramatic increase in companies establishing offices in multiple countries. Also, cross-border transactions have increased manifolds. The world’s capital markets operate more and more freely across borders due to these business complexities need was felt by the International Accounting Body –IASB ( Formerly known as IASC) to develop a single set of global standards which lay down the conceptual framework, principles, rules, scenarios, and guidelines for accounting of business transactions.
Currently, 140 countries across the world permit use of IFRS of which 90 countries have laid down regulations for the companies domiciled there to mandatorily adopt IFRS In India, the ICAI on request by the Ministry of Corporate Affairs developed Ind-AS ( Indian Accounting Standards ) with few carve-ins and carve-outs. Ind AS has emerged from IFRS to enable Indian companies to attract global investment. Ind As Accounting is mandatory from FY 19-20 for
We at Tax Planet proudly announce the addition of IFRS Services to our portfolio. Ms. Kanika Bali, FCA, DISA, and Dip IFRS –ACCA UK with over 20 years of work experience in the Industry will be taking the lead to handle IFRS Advisory business
Inaugurated in 2020, The Tax Planet, based in the bustling city of Delhi, has swiftly become a distinguished name in the field of comprehensive business and financial services. Under the visionary leadership of Ms. Kanika Bali FCA, the Founder and CEO, the company stands as a reliable partner for businesses seeking expert guidance and assistance in navigating the complex landscape of taxation, compliance, and business setup.
The Tax Planet specializes in a diverse array of services designed to cater to the multifaceted needs of businesses. From Company Formation and Online Trademark Registration to Income Tax and Online GST Registration, our offerings cover the entire spectrum of legal and financial requirements for enterprises. Our commitment to excellence is further exemplified through services such as ROC Compliance, Federal Tax, Business Compliance, Business Support, and Business Setup Consultancy, providing clients with a one-stop solution for all their business needs.
Ms. Kanika Bali, a Chartered Accountant with a wealth of experience, leads The Tax Planet with a mission to simplify complexities for businesses and foster their growth. Her expertise and dedication have been pivotal in establishing the company as a trusted advisor in matters of financial governance and compliance.
The Tax Planet prides itself on staying abreast of evolving regulations and international standards, offering specialized services such as International Financial Reporting Standards (IFRS). This ensures that our clients receive not only compliance but also strategic financial guidance aligned with global best practices.
As The Tax Planet continues to evolve, the commitment to client satisfaction, integrity, and excellence remains unwavering. The company envisions being a catalyst for business success by providing tailored, reliable, and innovative solutions that empower enterprises to thrive in an ever-changing economic landscape.
Nature of Business
Service Provider
Number of Employees
Below 20
Year of Establishment
2020
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