Book Profit u/s 115JB

Book Profit u/s 115JB of the previous year shall be increased/ decreased by all amounts credited/ debited to other comprehensive income in the statement of profit and loss, in order to tax items of Comprehensive Income that will not be routed through Profit And loss. Changes in the value of the time value of options when separating the intrinsic value and time value of an option contract and designating as the hedging instrument only the changes in the intrinsic value Accordance to Para 96 of Ind AS 1 ‘Presentation of Financial Statements’, reclassification adjustments do not arise in case of accounting for the time value of an option result in amounts that are removed from a separate component of equity.


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