Ch 6 · Ind AS 12 — Income Taxes

5 concept points · 4 formulas · 4 exam-critical points.

📘 Core concepts

• 1Current tax + Deferred tax = Total tax expense.
• 2Deferred tax based on temporary differences (balance sheet approach).
• 3Taxable temp diff → DTL; deductible temp diff & unused losses → DTA.
• 4DTA recognised only if probable that future taxable profit will be available.
• 5Tax base = amount attributable to asset/liability for tax purposes.