Companies (Accounting Standards) Amendment Rules, 2026: A Legal Analysis of the Amendment to AS 22 – Accounting for Taxes on Income
This paper deals with the Companies (Accounting Standard) Amendment Rules, 2026 issued by the Ministry of Corporate Affairs dated 10 March 2026 which led to changes in Accounting Standard 22 on taxes on income. The changes were due to the OECD’s Pillar Two framework, an international plan meant to force big multinational corporations to pay […]
