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Income tax expenses (Tables)

12 Months Ended

Mar. 31, 2015

Income tax expenses

Schedule of composition of income tax expenses

			Year ended March 31,
			2013			2014			2015
			(in millions of RMB)
	Current income tax expense			1,353			1,730			4,757
	Deferred taxation			104			1,466			1,659
​	​	​	​		​	​		​	​		​
				1,457			3,196			6,416
​	​	​	​		​	​		​	​		​
​	​	​	​		​	​		​	​		​

Schedule of composition of deferred tax assets and liabilities

		March 31,
		2014			2015
		(in millions of RMB)
Deferred tax assets
Current:
Deferred revenue and customer advances			29			24
Tax losses carried forward and others (i)			283			381
​	​	​		​	​		​
			312			405
Less: Valuation allowance			(121	)		(149	)
​	​	​		​	​		​
Total deferred tax assets, current portion (Note 13)			191			256
​	​	​		​	​		​
Non-current:
Deferred revenue and customer advances			30			31
Property and equipment			14			14
Tax losses carried forward and others (i)			908			1,139
​	​	​		​	​		​
			952			1,184
Less: Valuation allowance			(886	)		(1,027	)
​	​	​		​	​		​
Total deferred tax assets, non-current portion (Note 13)			66			157
​	​	​		​	​		​
Total deferred tax assets			257			413
​	​	​		​	​		​
Deferred tax liabilities
Current:
Others			—			(17	)
Non-current:
Withholding tax on undistributed earnings (ii)			(2,034	)		(3,891	)
Identifiable intangible assets			(72	)		(575	)
Others			(30	)		(27	)
​	​	​		​	​		​
Total deferred tax liabilities, non current portion			(2,136	)		(4,493	)
​	​	​		​	​		​
Total deferred tax liabilities			(2,136	)		(4,510	)
​	​	​		​	​		​
Net deferred tax liabilities			(1,879	)		(4,097	)
​	​	​		​	​		​
​	​	​		​	​		​

(i)	Others primarily represent accrued expenses which are not deductible until paid under PRC tax laws.
(ii)	The related deferred tax liabilities as of March 31, 2014 and 2015 were provided on the assumption that 100% of the distributable reserves of the major PRC subsidiaries will be distributed as dividends.

Schedule of reconciliation of the differences between the statutory EIT rate applicable to profits of the consolidated entities and the income tax expenses of the Company

					Year ended March 31,
					2013			2014			2015
					(in millions of RMB, except per share data)
	Income before income tax and share of results of equity investees					10,112			26,802			32,326
	Income tax computed at statutory EIT rate (25%)					2,528			6,701			8,082
	Effect of different tax rates available to different jurisdictions					79			(9	)		33
	Effect of tax holiday and preferential tax benefit on assessable profits of subsidiaries incorporated in the PRC					(3,744	)		(6,414	)		(5,881	)
	Non-deductible expenses and non-taxable income, net (i)					1,806			1,657			3,368
	Tax savings from additional deductions on certain research and development expenses available for subsidiaries incorporated in the PRC (ii)					(293	)		(483	)		(1,096	)
	Withholding tax on the earnings remitted and anticipated to be remitted					863			1,445			1,898
	Change in valuation allowance and others					218			299			12
​	​			​	​		​	​		​	​		​
	Income tax expenses					1,457			3,196			6,416
​	​			​	​		​	​		​	​		​
​	​			​	​		​	​		​	​		​
	Effect of tax holidays inside the PRC on basic earnings per share/ADS (RMB)					1.64			2.95			2.57
​	​			​	​		​	​		​	​		​
​	​			​	​		​	​		​	​		​

(i)	Expenses not deductible for tax purposes and non-taxable income primarily represent share-based compensation expense, equity-settled donation expense, Yahoo TIPLA amendment payment, interest expense, exchange differences and investment income (loss).
(ii)	This amount represents tax incentives relating to the research and development expenses of certain major operating subsidiaries in the PRC. This tax incentive enables the Company to claim an additional tax deduction amounting to 50% of the qualified research and development expenses incurred.

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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-Topic 740



-SubTopic 10



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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

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-Publisher FASB



-Name Accounting Standards Codification



-Topic 740



-SubTopic 10



-Section 50



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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 740



-SubTopic 10



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