Under the partial-exemption provision in para 25 of Ind AS 24, a gover…

Question

Under the partial-exemption provision in para 25 of Ind AS 24, a government-related entity is exempt from disclosing related-party transactions with:

Accepted Answer

C. The government with control/joint control/significant influence over it and other entities related through that government — but the exemption does NOT extend to transactions with KMP

Para 25 grants exemption from disclosing transactions with (a) the government having control, joint control or significant influence over the reporting entity, and (b) another entity that is a related party because the same government controls/jointly controls/significantly influences both. The exemption does NOT cover transactions with KMP — those must still be disclosed under para 17.

Answer

Other entities related through the same government only — not with the government itself

Answer

All related parties of the entity without any restriction

Answer

The government having control/joint control/significant influence over it only — not with other government-related entities