Ind As 12 Income Taxes Difference Between Indas 12 And As 22
The principal issue in accounting for income taxes is how to account for the current and future tax consequences of: the future recovery (settlement) of the carrying amount of assets (liabilities) that are recognised in an entity’s statement of financial position; andtransactions and other events of the current period that are recognised in an entity’s financial Ind AS 12 also deals with the recognition of deferred tax assets arising from unused tax losses or unused tax credits, the presentation of income taxes in the financial statements and the disclosure of information relating to income taxes....