Both these doubts will be covered in our Income tax topic of FSA module.
1) how is the entry to be treated after the eight years of carry forward?
2) Setting of the carry forward losses with serial charges like gain on land sold at the end of eight years is a way around to avoid paying of taxes
Does this mean that the OCI line will move from below PAT to above PAT in the income statement? And does this subsequently mean that companies would be able to inflate/deflate the PAT based on +/- OCI?