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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

MAT - Addition regarding wealth tax liability under the ...


Wealth tax provision not an unascertained liability u/s 115JB; excluded from MAT book profit calculation.

March 30, 2015

Case Laws     Income Tax     AT

MAT - Addition regarding wealth tax liability under the provisions of section 115JB treating the provision for wealth tax as unascertained liability - wealth tax liability provision is not covered under Expln- 1(a) to Sec.115JB(2) - AT

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