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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Taxability of share of income from AOP u/s 115JB - Book Profit - ...


Income from AOP not taxable under normal Income Tax Act provisions; exempt from MAT u/s 115JB.

June 12, 2019

Case Laws     Income Tax     AT

Taxability of share of income from AOP u/s 115JB - Book Profit - when the share of AOP was not taxable under the normal provision of the Income Tax Act than it cannot be brought to be taxed under MAT

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