The Institute of Chartered Accountants of India
In this Exposure Draft, the International Accounting Standards Board (Board) proposes to amend IAS 12 Income Taxes. The proposed amendments would require an entity to recognise deferred tax on initial recognition of particular transactions to the extent that the transaction gives rise to equal amounts of deferred tax assets and liabilities. The proposed amendments would apply to particular transactions for which an entity recognises both an asset and a liability, such as leases and decommissioning obligations.
Invitation to comment
ASB invites comments on the Exposure Draft from the public. The downloadable version is available at: https://resource.cdn.icai.org/55877asb45279.pdf
How to comment
Comments should be submitted using one of the following methods, so as to be received not later than September 30, 2019.
|Electronically:||Visit at the following link (Preferred method):
|2. Email:||Comments can be sent to: firstname.lastname@example.org|
|3. Postal:||Secretary, Accounting Standards Board, The Institute of Chartered Accountants of India,
ICAI Bhawan, Post Box No. 7100,
New Delhi 110 002
Further clarifications on this Exposure Draft may be sought by e-mail to email@example.com