Particulars IFRS US GAAP  Indian GAAP
Capital instruments – purchase of own shares Show as deduction  from equity. Similar to IFRS. Purchase is permitted in limited circumstances subject to the provisions under the Companies Act.
On purchase, such shares are required to be cancelled I.e. cannot be kept as treasure share
Dividends on ordinary equity shares Presented as a deduction in the statement of changes in shareholders’ equity in the period when authorized by shareholders. Dividends are accounted  in the year when declared. Similar to IFRS. Presented as an appropriation to the income statement. Dividend are accounted in the year when proposed