https://www.taxtmi.com/acts?id=40996 Enterprises must present net profit or loss by separately disclosing profit or loss from ordinary activities and extraordinary items, with extraordinary items defined as incomes or expenses clearly distinct from ordinary activities and not expected to recur; material items within ordinary activities require separate disclosure. Prior period items arising from errors in prior financial statements must be disclosed separately. Changes in accounting estimates affect current and, if applicable, future periods and use prior classifications; material changes in accounting policies require disclosure and appropriate adjustments, subject to transitional provisions. en-us Sat, 05 Nov 2022 11:24:53 +0530 Mon, 29 Dec 2025 11:25:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40996 Enterprises must present net profit or loss by separately disclosing profit or loss from ordinary activities and extraordinary items, with extraordinary items defined as incomes or expenses clearly distinct from ordinary activities and not expected to recur; material items within ordinary activities require separate disclosure. Prior period items arising from errors in prior financial statements must be disclosed separately. Changes in accounting estimates affect current and, if applicable, future periods and use prior classifications; material changes in accounting policies require disclosure and appropriate adjustments, subject to transitional provisions. Act-Rules Companies Law Sat, 05 Nov 2022 11:24:53 +0530 https://www.taxtmi.com/acts?id=40996