Deferred tax asset for increasing value of creditor

Financial Reporting

Sir , in this question, you have Re-valued the creditor by ₹25,000, and is there any impact on the deferred tax asset for the same? Video Details ------------- Ind AS - CA Final Ind AS 21 The effect of changes in Foreign Exchange Rates #10. Illustration 5

kabilan sam

CA Inter

★ 3K+

14-Aug-24 11:14

327

Answers (1)

For income tax purpose the value would increase. Hence no Deferred tax impact.

CA Suraj Lakhotia

Admin

16-Aug-24 15:52