Indian companies that have moved to the new accounting standards for the
June quarter could be staring at an increased tax liability of about
20% under minimum alternate tax, or MAT. Due to the
way accounting is done under the new standards, Ind-AS, many transactions involving foreign exchange, securities and equity apart from certain demergers could start attracting MAT, industry trackers said.
Source : http://economictimes.indiatimes.com/news/economy/finance/ind-as-to-raise-june-quarter-tax-liabilities-by-20/articleshow/51802649.cms
way accounting is done under the new standards, Ind-AS, many transactions involving foreign exchange, securities and equity apart from certain demergers could start attracting MAT, industry trackers said.
Source : http://economictimes.indiatimes.com/news/economy/finance/ind-as-to-raise-june-quarter-tax-liabilities-by-20/articleshow/51802649.cms
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