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Income Tax - Highlights / Catch Notes

Home Highlights November 2011 Year 2011 This

MAT (Minimum alternate tax) - for the purpose of the book ...


MAT Book Profit: Deduction u/s 80HHC to Be Based on Book Profit, Not Income Tax Act Profit.

November 15, 2011

Case Laws     Income Tax     AT

MAT (Minimum alternate tax) - for the purpose of the book profit, deduction under section 80HHC is to be computed with reference to the book profit and not with reference to the profit computed under the Income Tax Act. .... - AT

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