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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Computation of book profit u/s 115JB - MAT - whether Parts II ...


Government Grants Cannot Be Excluded from Book Profits for MAT Calculation u/s 115JB of Income Tax Act.

August 24, 2015

Case Laws     Income Tax     AT

Computation of book profit u/s 115JB - MAT - whether Parts II and III of Schedule VI to the Companies Act permits the exclusion of the receipts relating to Central and State Government grant? - it cannot be reduced from book profits u/s.115JB of the Act. - AT

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