CMA Final · Corporate Financial Reporting · Income Taxes (Ind AS 12)
Ind AS 12 paragraph 68(a) has been modified compared with IAS 12. The modification is a consequence of which of the following?
Paragraph 68(a) of Ind AS 12 is modified because Ind AS 103 accounts for a bargain purchase gain differently from IFRS 3. The other listed events relate to presentation, transitional provisions or deletions, not this paragraph.
- ADifferent accounting treatment of bargain purchase gain in Ind AS 103 compared with IFRS 3Correct
- BRemoval of the two-statement approach in Ind AS 1
- CNon-inclusion of the transitional provisions of SIC 25
- DNotification dated 30 March 2019 deleting paragraph 83
Explanation
The comparison states that paragraph 68(a) was modified because Ind AS 103 treats bargain purchase gain differently from IFRS 3. The two-statement approach relates to presentation of tax expense, and SIC 25 transitional provisions relate to Ind AS 101.
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