https://www.taxtmi.com/notifications?id=139942 The amendment requires first time adopters and entities applying the amendment to recognise deferred tax assets and liabilities for deductible and taxable temporary differences arising from right of use assets and lease liabilities and from decommissioning, restoration and similar liabilities and their corresponding capitalised asset amounts; it prescribes prospective application and transition mechanics, including recognition in the opening retained earnings (or other equity component) of the earliest comparative period presented. The notification also replaces "significant accounting policies" with material accounting policy information and clarifies disclosure and judgment requirements for accounting policies and accounting estimates. en-us Fri, 31 Mar 2023 00:00:00 +0530 Mon, 03 Apr 2023 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=139942 The amendment requires first time adopters and entities applying the amendment to recognise deferred tax assets and liabilities for deductible and taxable temporary differences arising from right of use assets and lease liabilities and from decommissioning, restoration and similar liabilities and their corresponding capitalised asset amounts; it prescribes prospective application and transition mechanics, including recognition in the opening retained earnings (or other equity component) of the earliest comparative period presented. The notification also replaces "significant accounting policies" with material accounting policy information and clarifies disclosure and judgment requirements for accounting policies and accounting estimates. Notifications Companies Law Fri, 31 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/notifications?id=139942