115jb
This query is : Resolved
06 December 2014
share of profit from JV is to be included while calculating book profit as per sec 115jb of MAT?
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.
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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