alleryStart learning →Tax effects of correcting prior period errors are accounted for under which Ind AS?
AInd AS 33
BInd AS 10
CInd AS 37
DInd AS 12
Answer & Solution
Correct answer: D. Ind AS 12
Ind AS 8 hands the tax consequences of error corrections and retrospective policy adjustments to the income taxes standard, Ind AS 12.
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