# MCA tightens Ind AS rules for financial instruments, green power contracts 2026-08-14T02:05:17+00:00 | Governance | Indian Opinion Desk Corroboration: 2 independent outlets The Ministry of Corporate Affairs has notified changes to Indian Accounting Standards, effective August 12, aligning them with OECD Pillar Two global tax reforms. The amendments update Ind AS 101, 107, 109, 110 and 7, covering classification and measurement of financial instruments, hedge accounting, and new disclosure norms for contracts linked to nature-dependent electricity. Several changes apply to annual reporting periods beginning on or after April 1, 2026, impacting FY27 financials. Key revisions include tighter guidance for assessing contractual cash flows under Ind AS 109 and new disclosures for contingent events under Ind AS 107. Companies must now treat settlement of liabilities via electronic payment systems differently if conditions like no practical ability to cancel are met. The rules also introduce a framework for renewable power contracts, requiring firms to disclose information on electricity purchased, unused power, and related costs, reports The Hindu Businessline and the Economic Times CFO. ## Coverage - thehindubusinessline.com - cfo.economictimes.indiatimes.com Tags: financial instruments, hedge accounting, Ind AS, MCA, OECD Pillar Two, renewable electricity contracts Canonical: https://indianopinion.org/mca-notifies-ind-as-changes-for-tax-reporting/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/mca-notifies-ind-as-changes-for-tax-reporting/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.