The 'Income Tax (Ind AS 12)' requires deferred tax on: MCQ with Answer and Explanation

The 'Tax Return Preparer' (TRP) scheme was launched to:

The 'Goodwill' arising on acquisition is:

S1: Under Ind AS 115, a 'Contract Asset' is an entity's right to consideration in exchange for goods or services that the entity has transferred to a customer, when that right is conditioned on something other than the passage of time. S2: A 'Contract Liability' is an entity's obligation to transfer goods or services to a customer for which the entity has received consideration from the customer. Which statement(s) is/are correct?