Fair value accounting of financial instruments under new standards may lead to higher MAT levy; Cos in tech, manufacturing, IT, pharma and infra could be hit harder Indian companies that have moved to the new accounting standards for the June quarter could be staring at an increased tax liability of about 20% under minimum alternate tax, or MAT. Due to the way accounting is done under the new standards, Ind-AS, many transactions involving foreign exchange, securities and equity apart from certain demergers could start attracting MAT, industry trackers said. India has changed its accounting standards from GAAP to Ind-AS, which is on a par with International Financial Reporting Standards (IFRS), from April 1 this year. All companies with a total net worth of 500 crore or above are now following . 500 crore or above are now following ` Ind-AS. So while the financials of companies remain the same, the way they are calculated is now different, impacting the firms' profits, goodw