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Income tax expenses (Tables) | 12 Months Ended
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Mar. 31, 2017
Income tax expenses |
Schedule of composition of income tax expenses |
|  | Year ended March 31, |
|  | 2015 |  | 2016 |  | 2017 |
|  | (in millions of RMB) |
Current income tax expense |  |  | 4,757 |  |  | 7,223 |  |  | 13,495 |
Deferred taxation |  |  | 1,659 |  |  | 1,226 |  |  | 281 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | 6,416 |  |  | 8,449 |  |  | 13,776 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of composition of deferred tax assets and liabilities |
|  | As of March 31, |
|  | 2016 |  | 2017 |
|  | (in millions of RMB) |
Deferred tax assets |  |  |  |  |  |  |
Licensed copyrights of video content |  |  | — |  |  | 574 |
Tax losses carried forward and others (i) |  |  | 1,845 |  |  | 5,969 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | 1,845 |  |  | 6,543 |
Less: Valuation allowance |  |  | (1,364 | ) |  | (5,505 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total deferred tax assets (Note 12) |  |  | 481 |  |  | 1,038 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liabilities |  |  |  |  |  |  |
Withholding tax on undistributed earnings (ii) |  |  | (5,452 | ) |  | (6,377 | )
Identifiable intangible assets |  |  | (508 | ) |  | (2,358 | )
Available-for-sale securities and others |  |  | (520 | ) |  | (1,626 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total deferred tax liabilities |  |  | (6,480 | ) |  | (10,361 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred tax liabilities |  |  | (5,999 | ) |  | (9,323 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(i) | Others is primarily comprised of property and equipment, deferred revenue and customer advances, as well as accrued expenses which are not deductible until paid under PRC tax laws.
(ii) | The related deferred tax liabilities as of March 31, 2016 and 2017 were provided on the assumption that 100% of the distributable reserves of the major PRC subsidiaries will be distributed as dividends, except for those undistributed earnings that the Company intends to invest indefinitely in the PRC which amounted to RMB28.2 billion.
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, |
|  | 2015 |  | 2016 |  | 2017 |
|  | (in millions of RMB, except per share data) |
Income before income tax and share of results of equity investees |  |  | 32,326 |  |  | 81,468 |  |  | 60,029 |
Income tax computed at statutory EIT rate (25%) |  |  | 8,082 |  |  | 20,367 |  |  | 15,007 |
Effect of different tax rates available to different jurisdictions |  |  | 33 |  |  | (869 | ) |  | (772 | )
Effect of tax holiday and preferential tax benefit on assessable profits of subsidiaries incorporated in the PRC |  |  | (5,881 | ) |  | (6,680 | ) |  | (10,507 | )
Non-deductible expenses and non-taxable income, net (i) |  |  | 3,368 |  |  | (4,994 | ) |  | 6,090 |
Tax savings from additional deductions on certain research and development expenses available for subsidiaries incorporated in the PRC (ii) |  |  | (1,096 | ) |  | (1,205 | ) |  | (1,694 | )
Withholding tax on the earnings remitted and anticipated to be remitted |  |  | 1,898 |  |  | 1,573 |  |  | 3,009 |
Change in valuation allowance, deduction of certain share-based compensation expense and others (iii) |  |  | 12 |  |  | 257 |  |  | 2,643 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income tax expenses |  |  | 6,416 |  |  | 8,449 |  |  | 13,776 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Effect of tax holidays inside the PRC on basic earnings per share/ADS (RMB) |  |  | 2.57 |  |  | 2.72 |  |  | 4.21 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(i) | Expenses not deductible for tax purposes and non-taxable income primarily represent investment income (loss), share-based compensation expense, interest expense and exchange differences. Investment income (loss) during the year ended March 31, 2016 included gains from the revaluation of the Company's remaining equity interest in Alibaba Pictures (Note 4(j)) and from the revaluation of previously held equity interest relating to the acquisition of Alibaba Health (Note 4(h)). Investment income (loss) during the year ended March 31, 2017 included gains from the revaluation of previously held equity interest relating to the acquisition of Damai (Note 4(c)) and Youku Tudou (Note 4(f)).
(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.
(iii) | This amount primarily represents valuation allowance against the deferred tax assets associated with operating losses, amortization of licensed copyrights of video content and other timing differences which may not be realized as a tax benefit.

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- Definition 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 + Details
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- Definition 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319 + Details
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- Definition 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 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319 + Details
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