https://www.taxtmi.com/acts?id=41008 The Standard requires recognising current tax (amounts payable or recoverable under tax law) and deferred tax (tax effects of timing differences) in the period in which related accounting revenue and expenses are recognised. Timing differences give rise to deferred tax assets or liabilities; permanent differences do not. Deferred tax is measured using enacted or substantively enacted tax rates and laws at the balance sheet date; discounting is not permitted. Deferred tax assets are recognised only to the extent of reasonable certainty of realisation, or virtual certainty with convincing evidence where unabsorbed depreciation or carry-forward losses exist. Presentation, offsetting and disclosure requirements and transitional rules are specified. en-us Sat, 05 Nov 2022 17:03:18 +0530 Thu, 12 Mar 2026 17:24:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41008 The Standard requires recognising current tax (amounts payable or recoverable under tax law) and deferred tax (tax effects of timing differences) in the period in which related accounting revenue and expenses are recognised. Timing differences give rise to deferred tax assets or liabilities; permanent differences do not. Deferred tax is measured using enacted or substantively enacted tax rates and laws at the balance sheet date; discounting is not permitted. Deferred tax assets are recognised only to the extent of reasonable certainty of realisation, or virtual certainty with convincing evidence where unabsorbed depreciation or carry-forward losses exist. Presentation, offsetting and disclosure requirements and transitional rules are specified. Act-Rules Companies Law Sat, 05 Nov 2022 17:03:18 +0530 https://www.taxtmi.com/acts?id=41008