Changes in the Tax Status of an Entity or its Shareholders – Ind AS 12
Changes in the Tax Status of an Entity or its Shareholders - Ind AS 12 Issue A change in the tax status of an entity or of its shareholders may...
Ind AS 12
Uncertainty over Income Tax Treatments – Ind AS 12
Uncertainty over Income Tax Treatments - Ind AS 12 Issue It may be unclear how tax law applies to a particular transaction or circumstance. The acceptability of a particular tax...
Ind AS 12 – Income Taxes – Introduction
Ind AS 12 – Income Taxes - Introduction Balance sheet approach Ind AS 12, as the name suggests, prescribes the accounting treatment for income taxes. Under the accounting standards, the...
Current Tax & Deferred Tax – Ind AS 12
Current Tax & Deferred Tax – Ind AS 12 Current Tax Current tax, to the extent unpaid, should be recognised as a liability. If the amount already paid exceeds the...
Business Combination – Context of Ind AS 12
Business Combination – Context of Ind AS 12 General Generally, the identifiable assets acquired, and liabilities assumed in a business combination are recognised at their fair values at the acquisition...
Initial recognition of an asset or liability – Ind AS 12
Initial recognition of an asset or liability – Ind AS 12 General A temporary difference may arise on initial recognition of an asset or liability, for example if part or...
Measurement of deferred tax assets and liabilities – Ind AS 12
Measurement of deferred tax assets and liabilities - Ind AS 12 General Deferred tax assets and liabilities shall be measured at the tax rates that are expected to apply to...
Presentation and Disclosure – Ind AS 12
Presentation & Disclosure – Ind AS 12 Presentation Tax assets and tax liabilities Offset An entity shall offset current tax assets and current tax liabilities if, and only if, the...