Description CONTENTS AT A GLANCE Bharat? – 5 Preface to the Ninth Edition – 7 Detailed Contents – 11 Chapter 1 Minimum Alternate Tax (MAT) — An Introduction – 1 Chapter 2 Net Profit as per Profit and Loss Account – 29 Chapter 3 Income Tax Paid/Payable/Provision for Income Tax – 44 Chapter 4 Amounts Carried to Reserves – 46 Chapter 5 Unascertained Liabilities – 50 Chapter 6 Provision for Losses of Subsidiary Companies – 54 Chapter 7 Dividends paid or proposed – 56 Chapter 8 Tax Free Incomes and Expenditures Related to them – 60 Chapter 9 Expenditure Relatable to Share of Income in AOP/BOI – 62 Chapter 10 Expenditure relatable to Foreign Company’s Income Taxable at less than MAT rate – 63 Chapter 11 Notional Loss of Sponsors of REITS and INVITS on Exchange of Shares in SPV for Units of REIT/INVIT or Due to Change in Value of Units or Loss on Transfer of Units – 64 Chapter 12 Expenditure Relatable to Resident Company’s Royalty Income from Patents Chargeable to tax u/s 115BBF @ 10% (i.e. at less than MAT rate) – 66 Chapter 13 Amount of Depreciation and Revaluation Reserve in Respect of Asset Retired/Disposed Off – 68 Chapter 14 Withdrawals from Reserves or Provisions – 70 Chapter 15 Loss Brought Forward or Unabsorbed Depreciation – 71 Chapter 16 Profits of a Sick Industrial Company – 79 Chapter 17 FAQs under MAT – 80 Chapter 18 Rationalisation of provisions of section 115JB in line with Indian Accounting Standard (Ind-AS) – 84 Appendix 1 Indian Accounting Standard (Ind AS) 101: First-time Adoption of Indian Accounting Standards – 103 Chapter 19 Format of Financial Statements for Companies (Other than NBFCs) required to comply with Ind-AS under Companies Act, 2013 — Division II of Schedule III – 154 Chapter 20 FAQs on Schedule III under Companies Act, 2013 – 219 Chapter 21 Ind AS Financials Format — A Comparison with AS Financials Format – 271 Chapter 22 Significant Accounting Standards pertinent to MAT under Income Tax Act, 1961 – 275 Chapter 23 Accounting Treatment for MAT Credit – 405 Chapter 24 Special Provisions Relating to Certain Limited Liability Partnerships (LLP) – 407 Chapter 25 Alternate Minimum Tax (AMT) on all persons other than companies [Section 115JC to 115JF Chapter XIIBA] – 413 Chapter 26 Significant Judgments on MAT – 418 Chapter 27 Levy of MAT on FIIs – 432 Chapter 28 Illustrations on MAT – 437 Chapter 29 Draft guidelines for computation of book profit by Ind AS Compliant Companies – 448 Appendix 1 Relevant Statutory Provisions – 457 Appendix 2 Rule 40B with Form 29B – 476 Appendix 3 Sections 115JC to 115JF – 481 Appendix 4 Rule 40BA with Form 29C – 485 Appendix 5 Schedule III of Companies Act, 2013 – 487 Appendix 6 Schedule II of Companies Act, 2013 – 582 ———————
