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Income Tax - Highlights / Catch Notes

Home Highlights September 2020 Year 2020 This

Computation of MAT u/s 115JB - Book Profit - Long term capital ...


Taxpayers Can Claim Indexed Cost for Asset Sale Under MAT, Section 115JB, Reducing Tax Liability.

September 3, 2020

Case Laws     Income Tax     HC

Computation of MAT u/s 115JB - Book Profit - Long term capital gains - There is no provision in the Act to prevent the assessee from claiming indexed cost of acquisition on the sale of asset in case, where the assessee is subjected to Section 115JB - HC

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