Hai,
Can any one give me a brief explanation on AS-22....Pls reply
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AS-22
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| Originally posted by :Dhanya Sreedhar | ||
| " | Hai, Can any one give me a brief explanation on AS-22....Pls reply |
" |
pAS-22 Prescribes accounting treatment for taxes on income in accordance with the matching concept:
n
Matching concept is matching of taxes with the corresponding revenue and expenses since taxable income significantly varies with the accounting income
p
Reasons
nDifference between items of Revenue and expense as per profit & Loss account and those considered for tax purpose
nDifference between the amount of the items of Revenue and expenses as per profit and loss account and those considered for tax purpose
Hi ,
I am completly agree with Srinivasraghavan.
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