banner_ad

Mat calculation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
10 May 2012 we have a rental income only in the company and no business income, so I want to know can we reduced the rental income from book profit while calculating mat liability under section 115jb.
Profile Image

Guest

Profile Image

Guest (Expert)
10 May 2012 No it cannot be reduced. rental income would be considered
Profile Image

CA Kishore Tallam

Profile Image

CA Kishore Tallam (Expert)
10 May 2012 Only additions / deletions permitted under that section only can be done. Apart from that, neither the assessee nor the AO can do any changes to the book profit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details