https://www.taxtmi.com/manuals?id=1595 Section 115JB(2C) requires that for the year of convergence and each of the four previous years the book profit be increased or decreased by one fifth of the transition amount, with the full relatable amounts taken in the year of retirement, disposal, realisation or transfer of specified assets, investments or foreign operations. The "transition amount" is defined as adjustments to other equity on the convergence date, excluding specified OCI reclassifications, revaluation surplus, certain fair value equity instrument gains/losses, deemed cost adjustments for PPE/intangibles and investments, and cumulative translation differences. en-us Sat, 01 Jul 2017 14:26:00 +0530 Thu, 09 May 2024 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1595 Section 115JB(2C) requires that for the year of convergence and each of the four previous years the book profit be increased or decreased by one fifth of the transition amount, with the full relatable amounts taken in the year of retirement, disposal, realisation or transfer of specified assets, investments or foreign operations. The "transition amount" is defined as adjustments to other equity on the convergence date, excluding specified OCI reclassifications, revaluation surplus, certain fair value equity instrument gains/losses, deemed cost adjustments for PPE/intangibles and investments, and cumulative translation differences. Manuals Income Tax Sat, 01 Jul 2017 14:26:00 +0530 https://www.taxtmi.com/manuals?id=1595