|
 |
|
|
 |
 |
|
 |
 |
| |
|
|
« Professional Updates » |
---|
Open DEMAT Account in 24 hrs | Draft Panel for Appointment/ Re-appointment of Statutory Auditors of State Co-operative Banks (Stccbs) and Central Co-operative Banks (Ccbs) for the Year 2025-26. | Commencement of Live Virtual Classes for the students of CA. Final course appearing in May 2026, September 2026 and January 2027 Examinations. | Information Systems Audit - Assessment Test (ISA - AT), July 2025 | Advanced ICITSS -Adv. Information Technology Test Computer Based Mode (CBT) Schedule May, Jun, Jul, Sep, Oct, and Nov 2025 | Auditing and Assurance Standards Board Online Panel of Experts for addressing Bank Branch Audit related queries | Results of the Chartered Accountants Intermediate and Foundation Examinations held in January 2025 declared. | Invitation for contribution to Question Bank in respect of Self-paced Online Module Examinations (Set-A, B, C & D) | Will deadline for income tax filing change in the new Income Tax Bill? | Result of the Chartered Accountant Final Examinations held in November 2024 is likely to be declared on Thursday, the 26th December 2024 (Late evening) - (20-12-2024) | Advanced Integrated Course on Information Technology and Soft Skills (Advanced ICITSS) Adv. Information Technology Test - Computer Based Mode (CBT) Dec 2024 Jan-Feb-Mar 2025 | Re-Scheduling of Chartered Accountants Examination scheduled to be held on 13th November 2024 (Wednesday) at the Examination Centre(s) at Hazaribagh (Jharkhand), Jamshedpur (Jharkhand), Ranchi (Jharkhand), Raipur (Chhattisgarh) and Jhunjhunu (Rajasthan) |
|
|
|
|
|
« ICAI celebrating "Corporate Cost Management Week" in six key... | Study Tour to UK and Ireland from October 26 to November 2,... » |
Recognition of Deferred Tax Assets for Unrealised Losses Proposed amendments to IAS 12 (Last date for sending comments: October 9, 2014) |
|
September, 10th 2014 |
This Exposure Draft, published by the International Accounting Standards Board (IASB), contains proposed amendments to IAS 12, Income Taxes. The proposed amendments are in response to a request to the IFRS Interpretations Committee (the ‘Interpretations Committee’) to clarify the recognition of a deferred tax asset that is related to a debt instrument measured at fair value in circumstances in which:
- changes in the market interest rate decrease the fair value of the debt instrument below cost.
- it is probable that the debt instrument’s holder will receive all the contractual cash flows if it holds the debt instrument until maturity.
- the debt instrument’s holder has the ability and intention to hold the debt instrument until the decrease in its fair value reverses (which may be at its maturity).
- the tax base of the debt instrument remains at cost until the debt instrument is sold or until maturity. The tax base of the debt instrument is not reduced by an impairment loss, because the criteria for recognising an impairment loss for tax purposes are not met.
- the probable future taxable profits of the debt instrument’s holder are insufficient for the utilisation of all of its deductible temporary differences.
|
Invitation to comment
ASB invites comments on the Exposure Draft from the public. The downloadable version of the draft is available at:
http://www.ifrs.org/Current-Projects/IASB-Projects/Recognition-of-Deferred-Tax-Assets-for-Unrealised-Losses/ED-August-2014/Documents/ED-Recognition-Deferred-Tax-IAS-12-August-2014.pdf
Comments would be most helpful if they indicate the specific paragraph or group of paragraphs to which they relate, contain a clear rationale and, where applicable, provide a suggestion for alternative wording.
Comments should be submitted in writing to the Secretary, Accounting Standards Board, The Institute of Chartered Accountants of India, ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi-110002, so as to be received not later than October 9, 2014. Comments can be sent by e-mail at commentsasb@icai.in. Further clarifications on this exposure draft may be sought by e-mail to shilpi.hisaria@icai.in.
|
|
|
|
|
|
|
|
|
 |
 |
Copyright 2025 CAinINDIA All Right Reserved. Designed and Developed by Ritz Consulting
|
|
 |
|
|
|