https://www.taxtmi.com/news?id=194 The Rule adopting AS 22 neither suffers from excessive delegation nor is inconsistent with the Companies Act; deferred tax is an accrual reflecting timing and measurement differences between accounting profit and taxable profit arising from divergent treatment or amounts of revenue and expense, and is properly recognized as tax expense under the accounting framework. en-us Sun, 25 Nov 2007 13:45:00 +0530 Mon, 30 Jun 2008 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=194 The Rule adopting AS 22 neither suffers from excessive delegation nor is inconsistent with the Companies Act; deferred tax is an accrual reflecting timing and measurement differences between accounting profit and taxable profit arising from divergent treatment or amounts of revenue and expense, and is properly recognized as tax expense under the accounting framework. News - Sun, 25 Nov 2007 13:45:00 +0530 https://www.taxtmi.com/news?id=194