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115jb

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06 December 2014 share of profit from JV is to be included while calculating book profit as per sec 115jb of MAT?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
06 December 2014 Profit as per books of accounts is the base for computing Book profit.

Profit as per books of accounts will include share in profit in JV.

Accordingly the same will be considered for computing book profit.

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