Which of the following investments are covered under

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.