IndigoLearn

AS 5 Prior Period Items

Sir while disclosing prior period items you told we can disclose after PAT as net off of taxes but where will we show the tax effect


Manju H S

Manju H S

CA Inter

5K+

02-Sep-20 21:01

28

Answers (6)

Where?


Suraj Lakhotia

Suraj Lakhotia

Admin

03-Sep-20 15:58

In P&L Statement


Manju H S

Manju H S

CA Inter

5K+

03-Sep-20 21:46

It is disclosed separately (including tax impact). It is not after PAT.


Suraj Lakhotia

Suraj Lakhotia

Admin

04-Sep-20 10:40

Raghu Sir told while teaching AS5 that we can disclose it before PBT or after PBT (net off tax)


Manju H S

Manju H S

CA Inter

5K+

04-Sep-20 13:42

Raghu Sir told while teaching AS5 that we can disclose it before PBT or after PBT (net off tax)

The criteria is to disclose separately.


Suraj Lakhotia

Suraj Lakhotia

Admin

04-Sep-20 13:57

Ok. Thank you Sir


Manju H S

Manju H S

CA Inter

5K+

04-Sep-20 13:58