Question
 Which of the following investments are covered under
the scope of Ind AS -40?Solution
Ind AS 40, Investment Property, covers land or buildings (or parts thereof) held by the owner or by the lessee as a right-of-use asset to earn rentals, for capital appreciation, or both. ·   AS- 13 covers the following investments: o  assets that have no physical existence and are represented merely by certificates or similar documents (e.g., shares) o  assets that exist in a physical form (e.g., buildings) ·        The new IFRS compliant Ind AS 40 deals only in investment Property, whereas investments in financial instruments is covered under: o  Ind AS109 relating to recognition, measurement, o  Ind AS 107 relating to disclosures o  Ind AS113 relating to fair value measurements.
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