Recognition of Deferred Tax Assets for Unrealised Losses Proposed amendments to IAS 12 (Last date for sending comments: October 9, 2014) – (09-09-2014)
This Exposure Draft, published by the International Accounting Standards Board (IASB), contains proposed amendments to IAS 12, Income Taxes. The proposed amendments are in response to a request to the IFRS Interpretations Committee (the ‘Interpretations Committee’) to clarify the recognition of a deferred tax asset that is related to a debt instrument measured at fair value in circumstances in which:
Invitation to comment
ASB invites comments on the Exposure Draft from the public. The downloadable version of the draft is available at:
Comments would be most helpful if they indicate the specific paragraph or group of paragraphs to which they relate, contain a clear rationale and, where applicable, provide a suggestion for alternative wording.
Comments should be submitted in writing to the Secretary, Accounting Standards Board, The Institute of Chartered Accountants of India, ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi-110002, so as to be received not later than October 9, 2014. Comments can be sent by e-mail at email@example.com. Further clarifications on this exposure draft may be sought by e-mail to firstname.lastname@example.org.