Question

Company had opening deferred tax liability (DT

  • L ₹50,000. Due to tax rate change enacted after reporting date, DTL must be remeasured to ₹45,000. The remeasurement effect is generally recognised in:
A Profit or loss or OCI depending on origin of DTL --- if related to items in OCI, recognise in OCI; otherwise, P&L
B Directly to equity only
C As a non-cash disclosure only
D As extraordinary item
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