The Institute of Chartered Accountants of India has announced amendments to the income tax accounting standard in relation to the Pillar 2 global minimum tax, including a temporary exception to the requirements to recognize and disclose information about deferred tax assets and liabilities related to Pillar 2 taxes, as well as targeted disclosure requirements for affected entities.
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Amendments to AS 22, Accounting for Taxes on Income issued by the ICAI
(For non-company entities)
Int…