More Details about Minimum Alternate Tax (MAT), under Schedule III of Companies Act, 2013, including Alternate Minimum Tax (AMT), 2018

General Information  
Author(s)CA Kamal Garg
PublisherBharat Law House Pvt Ltd
Edition7th Edition 2018
Publish YearApril 2018


Minimum Alternate Tax (MAT) under Schedule III of Companies Act 2013, Including Alternate Minimum Tax (AMT) 2018 By CA. Kamal Garg

As Amended by Finance Act 2018

Chapter 1       Minimum Alternate Tax (MAT) — An Introduction
Chapter 2       Net Profit as per Profit and Loss Account
Chapter 3       Income Tax Paid/Payable/Provision for Income Tax
Chapter 4       Amounts Carried to Reserves
Chapter 5       Unascertained Liabilities
Chapter 6       Provision for Losses of Subsidiary Companies
Chapter 7       Dividends paid or proposed
Chapter 8       Tax Free Incomes and Expenditures Related to them
Chapter 9       Expenditure Relatable to Share of Income in AOP/BOI
Chapter 10     Expenditure relatable to Foreign Company's Income Taxable at less than MAT rate of 18.5%
Chapter 11      Notional Loss of Sponsors of REITS and INVITS on Exchange of Shares in SPV for Units of REIT/INVIT or Due to Change in Value of Units or Loss on Transfer of Units
Chapter 12     Expenditure Relatable to Resident Company's Royalty Income from Patents Chargeable to tax u/s 115BBF @10% (i.e. at less than MAT rate of 18.5%)
Chapter 13     Amount of Depreciation and Revaluation Reserve in Respect of Asset Retired/Disposed Off
Chapter 14     Withdrawals from Reserves or Provisions
Chapter 15     Loss Brought Forward or Unabsorbed Depreciation
Chapter 16     Profits of a Sick Industrial Company
Chapter 17     FAQs under MAT
Chapter 18     Rationalisation of provisions of section 115JB in line with Indian Accounting Standard (Ind-AS)
Appendix 1    Indian Accounting Standard (Ind AS) 101: First-time Adoption of Indian Accounting Standards
Chapter 19     FAQs on Schedule III under Companies Act, 2013
Chapter 20     Ind AS Financials Format — A Comparison with AS Financials Format
Chapter 21     Significant Accounting Standards pertinent to MAT under Income Tax Act, 1961
Chapter 22     Accounting Treatment for MAT Credit
Chapter 23     Special Provisions Relating to Certain Limited Liability Partnerships (LLP)
Chapter 24     Alternate Minimum Tax (AMT) on all persons other than companies [Section 115JC to 115JF Chapter XIIBA]
Chapter 25     Significant Judgments on MAT
Chapter 26     Levy of MAT on FIIs
Chapter 27     Illustrations on MAT
Chapter 28     Draft guidelines for computation of book profit by Ind AS Compliant Companies

Appendix 1    Relevant Statutory Provisions
Appendix 2    Rule 40B with Form 29B
Appendix 3    Sections 115JC to 115JF
Appendix 4    Rule 40BA with Form 29C
Appendix 5    Schedule III of Companies Act, 2013
Appendix 6    Schedule II of Companies Act, 2013