Description
Income Tax is considered to be a complex subject in the world. The reason why this Standard is of utmost importance is that it requires an entity to show the income tax effect of each and every event and transaction. Accounting for business and accounting for taxation are two different things. Accounting profit is the profit or loss for a period before deducting tax expense. Taxable profit (tax loss) is the profit (loss) for a period, determined in accordance with the rules established by the taxation authorities, upon which income taxes are payable (recoverable).
This e-Book includes a comprehensive coverage on the application of this Standard on an entity’s financial statements and it contains more than 60+ practical numerical examples illustrating in detail the accounting treatment for income taxes.
Sridhar Bhanja (verified owner) –
It is written very clearly and concisely. Cleared up several doubts on deferred taxes
prabhakar –
great book for accountants old and new. examples have made easy to understand difficult theory
Abhishek Jhunjhunwala (verified owner) –
wonderful resource you have provided… very useful for work
Somesh Barat (verified owner) –
This ebook worth the money you pay! got good knowledge to apply income tax standard in financial reporting
Raghav Bharadwaj (verified owner) –
extremely handy tool for my job (implement ERP software)
Vinay Borar (verified owner) –
Concepts became quite clearer after reading it. It covers both theoretical and practical aspects of indas 12
harshil lakhani (verified owner) –
Absolute recomendation
already forwarded to several of my colleagues
Falguni S (verified owner) –
The author explains a complex subject in a simple manner – i have a much better understanding of IND-AS 12 now