MAT computation - deduction of capital gains which are exempt ...

Capital gains exempt u/s 54EC can be deducted from MAT computation, reducing adjusted book profits per Section 115JB.

August 29, 2019

Case Laws Income Tax AT

MAT computation - deduction of capital gains which are exempt u/s.54EC - the adjusted book profits would be further eligible to the benefits set out in the other provisions of the Act and the plain language of Section 115 JB thus admits of the grant of relief u/s 54 EC

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MAT computation - deduction of capital gains which are exempt ...

Capital gains exempt u/s 54EC can be deducted from MAT computation, reducing adjusted book profits per Section 115JB.

August 29, 2019

Case Laws Income Tax AT

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