Ind AS 12 seeks to provide a structured framework for recognising and measuring income taxes, ensuring that financial statements accurately reflect an entity's tax obligations and the associated impacts on its financial performance and position.

This educational material on Ind AS 12 offers clarity in navigating the complexities of income taxes, from elucidating fundamental concepts to exploring the nuances of deferred tax assets and liabilities. It addresses all relevant aspects envisaged in the Standard by way of brief summary of the Standard and frequently asked questions (FAQs) on practical issues that the preparers of the financial statements face while applying this Ind AS

Relevant link to download the Educational Material: https://resource.cdn.icai.org/79517asb63505.pdf