Insolvency petition based on admitted debt and default upheld; challenge for malicious initiation rejected, settlement may proceed under resolution fr...
Quashing of FIR and challenge to ECIR over alleged diversion of funds and preferential ESOP pricing dismissed after prima facie money-laundering findi...
Amendments to Accounting Standard (AS) 22 introduce Pillar Two legislation and require that enterprises do not recognise or disclose deferred tax assets or liabilities arising from Pillar Two income taxes; instead enterprises must disclose application of that exception and separately disclose current tax expense (income) related to Pillar Two. Where Pillar Two legislation is enacted or substantively enacted but not yet effective, enterprises must disclose known or reasonably estimable qualitative and quantitative exposure information (including indicative ranges), subject to an exemption for Small and Medium-sized Companies. Paragraphs 2A and 32A apply retrospectively; 32B-32D apply for annual periods beginning on or after 1 April 2025.
Amendments to Accounting Standard (AS) 22 introduce Pillar Two legislation and require that enterprises do not recognise or disclose deferred tax assets or liabilities arising from Pillar Two income taxes; instead enterprises must disclose application of that exception and separately disclose current tax expense (income) related to Pillar Two. Where Pillar Two legislation is enacted or substantively enacted but not yet effective, enterprises must disclose known or reasonably estimable qualitative and quantitative exposure information (including indicative ranges), subject to an exemption for Small and Medium-sized Companies. Paragraphs 2A and 32A apply retrospectively; 32B-32D apply for annual periods beginning on or after 1 April 2025.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4811 
Join Channel 
