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Income Tax - Highlights / Catch Notes

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Computing book profit u/s 115JB - MAT - The net profit disclosed ...


Calculating Book Profit for MAT u/s 115JB: Start with Net Profit, Apply Prescribed Additions and Deductions.

August 10, 2015

Case Laws     Income Tax     AT

Computing book profit u/s 115JB - MAT - The net profit disclosed in the Profit and Loss account prepared in accordance with the Companies Act should be the starting point to which the additions and deductions prescribed in that provision are required to be added and deduction - AT

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