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CA Final · Financial Reporting · Ind AS 12 Income Taxes

Ind AS 12 retains certain paragraph numbers that appear as 'Deleted' in IAS 12. Which of the following lists is entirely made up of such retained paragraph numbers?

Paragraphs 3, 32, 50 and 61 appear as deleted in IAS 12 and are retained by number in Ind AS 12. Other options mix in paragraphs that were modified or removed for different reasons, such as 20, 51E and 51C-51D.

  1. AParagraphs 3, 32, 50 and 61Correct
  2. BParagraphs 20, 51E, 68(a) and 3
  3. CParagraphs 51C, 51D, 32 and 50
  4. DParagraphs 89, 90, 91 and 61

Explanation

Appendix 1 lists as 'Deleted' in IAS 12 and retained in numbering: 3, 32, 50, 52B, 61, 62(b) and (d), 69, 70, 77A, 81(b) and 83. Paragraphs 3, 32, 50 and 61 all appear there. Options two and three include paragraphs that were modified or deleted for Ind AS 40 reasons.

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