Ind AS 19

Ind AS 19 ‘Employee Benefits’, remeasurements of the net defined benefit liability (asset)
recognised in other comprehensive income shall not be reclassified to profit or loss in a subsequent period. Accordingly, as per the requirement of Schedule III they are presented as “Items that will not be re-classified to profit or loss.” Book Profit for MAT calculation as per section 115JB is “Net Profit before Other Comprehensive Income”. In order to tax items of Comprehensive Income that will not be routed through Profit And loss, book profit of the previous year shall be increased/decreased by all amounts credited/debited to other comprehensive income in the statement of profit and loss.


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