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Income Tax - Highlights / Catch Notes

Home Highlights February 2012 Year 2012 This

MAT - Sales Tax Subsidy - Capital or Revenue Receipt - Capital ...


Sales Tax Subsidy as Capital Receipt Excluded from Book Profit Calculation u/s 115JB of Income Tax Act.

February 16, 2012

Case Laws     Income Tax     AT

MAT - Sales Tax Subsidy - Capital or Revenue Receipt - Capital receipt in the form of Sales Tax incentive needs to be excluded from profit as per P&L Account for the year in computing Book profit u/s 115JB of the Act...... - AT

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