{"id":7011,"date":"2016-04-28T14:56:55","date_gmt":"2016-04-28T09:26:55","guid":{"rendered":"http:\/\/www.itatonline.org\/info\/?p=7011"},"modified":"2016-04-28T14:58:08","modified_gmt":"2016-04-28T09:28:08","slug":"cbdt-report-reg-computation-of-s-115jb-book-profit-for-lnd-as-compliant-companies","status":"publish","type":"post","link":"https:\/\/itatonline.org\/info\/cbdt-report-reg-computation-of-s-115jb-book-profit-for-lnd-as-compliant-companies\/","title":{"rendered":"CBDT Report Reg Computation Of S. 115JB Book Profit For lnd AS Compliant Companies"},"content":{"rendered":"<p>CBDT Report regarding framework for computation of book profit for the purposes of levy of Minimum Alternate Tax (MAT) under section 115JB of the lncome-tax Act 1961 for Indian Accounting Standards (lnd AS) compliant companies in the year of adoption and thereafter-<\/p>\n<p>The Central Board of Direct Taxes (CBDT) vide order dated 8th June 2015 constituted a Committee to inter alia suggest the framework for computation of book profit for the purposes of levy of Minimum Alternate Tax (MAT) under section 115JB of the Income-tax Act, 1961 (&#8216; the Act&#8217;) for Indian Accounting Standards (Ind AS) compliant companies in the year of adoption and thereafter. After a detailed discussion of the provisions of section 115JB of the Act, Ind AS and relevant sections of the Companies Act, 2013, the Committee has suggested a framework for computation of books profit of Ind AS compliant companies.<\/p>\n<div class=\"journal2\"><a href=\"https:\/\/www.itatonline.org\/info\/index.php\/cbdt-report-reg-computation-of-s-115jb-book-profit-for-lnd-as-compliant-companies\/mat-indas-committee-report-28-04-2016\/#dlcenter\" rel=\"attachment wp-att-7012\">Click here to download the report of the MAT &#8211; Ind AS Committee dated 18th March 2016<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Central Board of Direct Taxes (CBDT) vide order dated 8th June 2015 constituted a Committee to inter alia suggest the framework for computation of book profit for the purposes of levy of Minimum Alternate Tax (MAT) under section 115JB of the Income-tax Act, 1961 (\u2018 the Act\u2019) for Indian Accounting Standards (Ind AS) compliant companies in the year of adoption and thereafter. After a detailed discussion of the provisions of section 115JB of the Act, Ind AS and relevant sections of the Companies Act, 2013, the Committee has suggested a framework for computation of books profit of Ind AS compliant companies<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/itatonline.org\/info\/cbdt-report-reg-computation-of-s-115jb-book-profit-for-lnd-as-compliant-companies\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,7],"tags":[],"class_list":["post-7011","post","type-post","status-publish","format-standard","hentry","category-all-information","category-others"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts\/7011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/comments?post=7011"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts\/7011\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/media?parent=7011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/categories?post=7011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/tags?post=7011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}