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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

MAT - AO add back the Income-tax paid in Spain while computing ...


Foreign Income Tax Not Addable to Book Profit u/s 115JB of Income Tax Act.

April 29, 2019

Case Laws     Income Tax     AT

MAT - AO add back the Income-tax paid in Spain while computing book profit u/s. 115JB - only taxes specified in Explanation 2 can be added back while computing book profits. - tax paid in foreign country cannot be added back u/s 115JB while computing book profits

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