Ch 2 · FR + Tax Integration

⭐ Important points (exam-critical)

• ⭐ICDS-I matches AS-1 but no concept of 'prudence' as override.
• ⭐Sec 115JB(2C): adjustments for Ind AS — FV gain on PPE, equity instruments.
• ⭐Goodwill no longer depreciable for tax (Sec 32 amendment 2021).
• ⭐DT on Right-of-Use asset and Lease Liability — usually offsetting (net minimal DT).