Section 24C(a) in The Companies (Indian Accounting Standards) Rules, 2015
(a)for fair value hedges:(i)hedge ineffectiveness-i.e. the difference between the hedging gains or losses of the hedging instrument and the hedged item-recognized in profit or loss (or other comprehensive income for hedges of an equity instrument for which an entity has elected to present changes in fair value in other comprehensive income in accordance with paragraph 5.7.5 of Ind AS 109); and(ii)the line item in the statement of profit and loss that includes the recognized hedge ineffectiveness.
