https://www.taxtmi.com/article/detailed?id=6813 Computation of book profit for MAT on Ind AS companies requires aligning Ind AS profit presentation with distributable profits under company law and statutory MAT adjustments. Notional/unrealised gains in net other comprehensive income are to be excluded from distributable profits and managerial remuneration; MCA-listed OCI items illustrate typical exclusions. The Committee recommends no additional adjustments to Ind AS net profit (excluding OCI) beyond statutory MAT adjustments unless MCA prescribes distributable profit modifications, and sets principles for first time Ind AS adoption adjustments to retained earnings and reserves. en-us Sat, 07 May 2016 10:20:07 +0530 Sat, 07 May 2016 10:20:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6813 Computation of book profit for MAT on Ind AS companies requires aligning Ind AS profit presentation with distributable profits under company law and statutory MAT adjustments. Notional/unrealised gains in net other comprehensive income are to be excluded from distributable profits and managerial remuneration; MCA-listed OCI items illustrate typical exclusions. The Committee recommends no additional adjustments to Ind AS net profit (excluding OCI) beyond statutory MAT adjustments unless MCA prescribes distributable profit modifications, and sets principles for first time Ind AS adoption adjustments to retained earnings and reserves. Articles Accounting - Auditing Sat, 07 May 2016 10:20:07 +0530 https://www.taxtmi.com/article/detailed?id=6813