⭐ Important points (exam-critical)
- ⭐ICDS-I matches AS-1 but no concept of 'prudence' as override.
- ⭐Sec 115JB(2C): adjustments for Ind AS — FV gain on PPE, equity instruments.
- ⭐Goodwill no longer depreciable for tax (Sec 32 amendment 2021).
- ⭐DT on Right-of-Use asset and Lease Liability — usually offsetting (net minimal DT).
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