Monday, May 15, 2017

MAT impact on financials under IND AS
1. Background With companies having net worth exceeding INR 500 crores required to converge their financials with the Indian Accounting Standards (IND AS) for financial years beginning on or after 1 April, 2016, the Minimum Alternate Tax (MAT) implications for section 115JB of the Income Tax Act, 1961 (ITA) were a big mystery. The Finance […]

May 15, 2017 at 02:02PM

from shahfalguni