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Income Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

MAT - the retention money cannot be regarded as income even for ...


Retention Money Excluded from Book Profits Calculation u/s 115JB of Income Tax Act.

March 6, 2017

Case Laws     Income Tax     AT

MAT - the retention money cannot be regarded as income even for the purpose of book profits u/s.115JB of the Act though credited in the profit and loss account and have to be excluded for arriving at the book profits u/s.115JB - AT

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