Arriving Book profit for MAT Calculation

This query is : Resolved 

07 October 2009 Dear all

Whether provision for gratuity added back to profit after tax to calculate MAT u/s 115JB of IT Act. Kindly clarify

Thanking you


07 October 2009 hello mr.shankar ravi

As per provosion of sec115jb of income tax act,first we take profit as per profit & loss accounts prepared as per schedule vi and then add back provision for gratuity if it is not on acturial basis & other items as mentioned in act to arrive at book profit to calculate mat.



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