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Article Post-Budget Article: Impact on the Automotive Sector
The forward-looking approach adopted in the budget towards this sector has been in alignment with the government’s goals of promoting Aatmanirbhar Bharat and moving firmly towards net-zero carbon emissions by 2070, shares Saket Mehra in this insightful article in Financial Express.
“Many companies that are covered by IndAS are preparing for the potential MAT liability consequent upon the changes brought in by the Finance Act 2017 in the relevant provisions under the Income Tax Act. There may be a major impact on some companies in specific accounting treatment of issues like reversal of provisions for dividends in the financial statements and also in cases of corporate debt restructuring.”
Director, Grant Thornton Advisory Private Limited
This article appeared in Economic Times on 27th May, 2017.
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