Functional Currency's consequential Impact on Deferred Tax

Sanjay Chauhan (IFRS) , Last updated: 27 August 2012 Share Follow on Google News

In continuation of my previous article, this article highlights the consequential impact of having two sets of functional currency (one for GAAP reporting and other Tax submissions) on deferred tax computation under Ind AS 12, which again is based on a new approach i.e. Temporary difference as ag

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About the Author

Sanjay Chauhan (IFRS)

IFRS

In the ancient tradition, developing Pragya i.e. Wisdom was the aim of teaching. It is said that a person became wisewhenhe could see what isneeded to be done and do it successfully without being told what to do. Lets begin the passageof Pragya i.e. Wisdom. Visit me on: http://dwellingideas.bl ... Read more

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