alleryStart learning →Tax effects of exchange differences are dealt with under which Ind AS?
AInd AS 12
BInd AS 2
CInd AS 36
DInd AS 37
Answer & Solution
Correct answer: A. Ind AS 12
Ind AS 12 on income taxes covers deferred and current tax on exchange differences.
Keep practising Ind AS 21 The Effects of Changes in Foreign Exchange Rates
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Related questions
A lends to foreign subsidiary B, no settlement planned. The loan is part of:In assessing exchangeability, which is considered?Does a normal administrative delay make a currency not exchangeable?If a currency is not exchangeable, what must the entity do?How does Ind AS 21 define an exchange rate?An exchange difference arises from translating currency units at what?What are the two principal issues in Ind AS 21?Which standard covers presenting foreign currency cash flows?