{"id":4933,"date":"2026-03-16T02:40:27","date_gmt":"2026-03-16T02:40:27","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=4933"},"modified":"2026-03-16T02:40:28","modified_gmt":"2026-03-16T02:40:28","slug":"company-law-mca-notification-dated-10-03-2026-amendments-to-accounting-standard-on-income-taxes-as-22-to-address-oecd-pillar-two-global-tax-rules","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/03\/16\/company-law-mca-notification-dated-10-03-2026-amendments-to-accounting-standard-on-income-taxes-as-22-to-address-oecd-pillar-two-global-tax-rules\/","title":{"rendered":"Company Law, MCA Notification Dated 10\/03\/2026 – Amendments to Accounting Standard on Income Taxes (AS 22) to address OECD Pillar Two Global Tax Rules\u00a0"},"content":{"rendered":"\n

It provides that AS 22 applies to taxes arising from legislation implementing Pillar Two rules, including qualified domestic minimum top-up taxes. However, enterprises are exempted from recognising or disclosing deferred tax assets and liabilities related to Pillar Two income taxes. Companies must disclose that they have applied this exception and separately report current tax expense or income related to such taxes. The enterprises must provide qualitative and quantitative disclosures about potential exposure to these taxes. Small and Medium-sized Companies are exempt from certain disclosure requirements. The disclosure provisions are applicable from annual reporting periods beginning 1st<\/sup>\u00a0April 2025.<\/p>\n\n\n\n

(Link: MCA Notification Dated 10\/03\/2026)<\/em><\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

It provides that AS 22 applies to taxes arising from legislation implementing Pillar Two rules, including qualified domestic minimum top-up […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[9,47],"tags":[],"class_list":["post-4933","post","type-post","status-publish","format-standard","hentry","category-company-law","category-notifications-company-law"],"yoast_head":"\nCompany Law, MCA Notification Dated 10\/03\/2026 - 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