Special session: Webinar on FAQs on computation of book | KPMG | IN
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Special session: Webinar on FAQs on computation of book profit for levy of MAT and proposed amendment to Section 115JB

Special session: Webinar on FAQs on computation of book

KPMG in India invites you to join us for a LIVE webinar on Thursday, 3 August 2017 between 04:00 – 05:00 PM to discuss key clarifications on computation of book profit for levy of Minimum Alternate Tax (MAT) issued by the Central Board of Direct Taxes (CBDT) and the proposed amendment to Section 115 JB of the Income Tax Act, 1961 (IT Act).


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The Finance Act, 2017 provided a separate formulae for computation of book profit for the companies that prepare financial statements under Ind AS. Accordingly, MAT would be calculated using the profits as per the statement of profit and loss before Other Comprehensive Income (OCI), as the starting point.  The Finance Act, 2017 also provides certain adjustments to book profits for MAT computation.

New developments

The CBDT received a number of queries on various aspects of computation of MAT under Ind AS.  These matters were referred to an expert committee. 
On 25 July 2017, CBDT issued the following circulars:

  • Clarifications in the form of Frequently Asked Questions (FAQs) on issues relating to the levy of MAT for Ind AS compliant companies
  • Proposal for amendment to Section 115JB of the IT Act in relation to Ind AS compliant companies

This is a special session of our Voices on Reporting webinars which will provide an overview of the above mentioned developments.

We look forward to your presence and active participation at this webinar.

Kindly RSVP your confirmations.

Options to join the webinar

Option 1.

Webinar link for PC, iOS and Android Devices        

Option 2.


Please click on this link if you have access to a laptop/PC with an internet connection or if you have a 3G/4G or Wifi enabled iOS and android device. You should be able to hear the webcast audio and watch the presentation as well and post questions to the speakers.

Please dial-in on any of the numbers (given below) in case you are unable to connect or are not able to access a laptop/PC with an internet connection. In this option you will only be able to hear the webinar audio.


Requirements for viewing webinar

Please note that for optimal viewing, it is best not to use VPN, but instead to connect directly to the Internet. Please disable your pop-up blockers in order to view the content in its entirety.

We recommend you test your connection prior to joining to ensure a successful user experience.

Connection Test: Click here

For system requirements, visit FAQ

This event is being streamed and it is recommended that you listen via your computer speakers. Please be advised that Adobe Flash Player is required to view this webcast. If you do not have it installed on your system, please click here to download.



Slide deck - August 2017 (PDF, 526 KB)

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