AS-22

AS 1163 views 2 replies
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CA final doing Job
661 Points Joined June 2008

Hai,

Can any one give me a brief explanation on AS-22....Pls reply

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On 16 July 2008 at 13:33 Report
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Chief Financial Officer and Co
11318 Points Joined September 2007
Originally posted by :Dhanya Sreedhar
" Hai,
Can any one give me a brief explanation on AS-22....Pls reply		 "


 

 

pAS-22 Prescribes accounting treatment for taxes on income in accordance with the matching concept:
n
 
Matching concept is matching of taxes with the corresponding revenue and expenses since taxable income significantly varies with the accounting income
p
 
Reasons
nDifference between items of Revenue and expense as per profit & Loss account and those considered for tax purpose
nDifference between the amount of the items of Revenue and expenses as per profit and loss account and those considered for tax purpose
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On 16 July 2008 at 13:52
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service
216 Points Joined July 2008

Hi ,

I am completly agree with Srinivasraghavan.

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On 17 July 2008 at 15:21


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