Articles by Raja naga

TAX BASE of an ASSET- I GAAP Vs. IFRS

  Raja naga    23 August 2010 at 10:26

TAX BASE of an ASSET- Indian GAAP Vs. IFRS (Assuming the economic benefits that will flow to an entity when it recovers the carrying amount of the asset is taxable) Tax base of an asset as per IAS12 is “The amount that will be deductible