Minimum Alternate Tax (MAT)

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

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Additional information

Publisher	Bharat