Accounting Standard on income taxex

This query is : Resolved 

21 December 2008 Dear all

I tried to read the AS on Income Taxes but i can't gain any knowledge except deferred tax asset/liability.

I do not know how to present it in financial statement and for the 1st time application of that AS i do not know how to calculate opening balances so please it would be helpful if anybody make me clear in this matter.


28 August 2010 Can you be specific, what exactly is that you did not understand.

I mean which part of AS you are finding it difficult (please quote para / clause number)



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