Book profit computation for MAT clarified: use net profit excluding other comprehensive income with specified inclusion rules. The Committee recommends using net profit excluding Net Other Comprehensive Income as the basis for MAT book profit for Ind AS companies, subject to existing statutory adjustments. Permanently recorded OCI items should be included in book profit at specified times: revaluation surpluses and certain fair-value equity gains on realisation or disposal; remeasurements of defined benefit plans annually; and other permanent OCI items as they crystallise. First-time adoption transition adjustments are to be included according to whether they will be reclassified to profit or loss or will never be reclassified.