CBDT comes out with clarification on MAT for Ind AS companies
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A specific circular with clarifications on this issue has now been issued in the form of FAQs.
This move follows the recommendations of the CBDT appointed expert committee which went into the representations on the issue from various stakeholders.
It may be recalled that the Finance Act 2017 had amended the MAT provisions (Section 115JB) for Ind AS compliant companies with effect from April 1, 2017.
Post this amendment, several representations were received by the CBDT, which in turn referred them to an expert committee. #casansaar (Source - The Hindu)
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