Calcutta HC Denies Abhishek Banerjee Immediate Relief in DJ Remark Voice Sample Case || Bombay High Court Grants Bombay Group Relief in Vadilal Dispute Against Ahmedabad Group || Kerala HC Orders Time-Bound Disposal of Prisoners' Remission Pleas, Mandates NALSA SOP Compliance || Delhi HC Rejects Plea of Two Army Doctors Seeking NEET PG 2026 Exam Amid Eligibility Rule Challenge || Jharkhand HC: Mother Cannot Consent to a Major Son's DNA Test During a Pending Matrimonial Case || Bombay HC Rules on Whether Arrest is Illegal if Co-Accused Charge Sheet is Not Supplied Earlier || Gujarat HC: State Cannot Indefinitely Reserve Private Land Without Acquisition or Plan Revision || Chhattisgarh HC: Complaints Without Disciplinary Action Cannot Affect a Judge's Seniority || Delhi HC Upholds Selection of India's Dressage Team For the 2026 Asian Games || MP High Court Orders State to Airlift Gas Pipeline Blast Victim to Ahmedabad For Treatment

Comments invited on minimum alternate tax report- (Ministry of Finance ) (28 Apr 2016)

MANU/PIBU/0402/2016

Direct Taxation

The Central Board of Direct Taxes is receiving comments on the recommendations of the Committee on Minimum Alternate Tax for Indian Accounting Standards till 10 May 2016.

The Committee submitted its Report on 18 March 2016, taking into consideration Ministry of Corporate Affairs input on assessment of net profit. The Report discusses adjustments that must be made to net profit on account of unrealised gains. It also provides for reporting of adjustments in the opening Ind AS balance sheet, which may differ from Indian GAAP financial statements.

Tags : MINIMUM ALTERNATE TAX COMPANY IND AS

Share :