Accounting standard
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 April 2013
Dear All,
As I want to know, whether AS-22 applicable on Life insurance companies,
If yes then any exemption to not follow AS-22 to them?
and whether they mandate to show deferred tax in Balance sheet too?
Please give your precious response...
As I want to know, whether AS-22 applicable on Life insurance companies,
If yes then any exemption to not follow AS-22 to them?
and whether they mandate to show deferred tax in Balance sheet too?
Please give your precious response...
CMA Ramesh Krishnan
(Expert)
25 July 2013
Yes. AS-22 applicable for Life insurance companies also.
Deferred tax not only the p&l item, it also balance sheet effect. so it will come there also
Deferred tax not only the p&l item, it also balance sheet effect. so it will come there also
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