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deferred tax

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(Querist)
07 April 2009 Whether Deferred tax to be added back while calculating the working of sec. 115JB or not?
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chetan soni

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chetan soni (Expert)
07 April 2009 FBT is allowed as expenditure for calculations of MAT u/s 115JB & no other taxes are allowed.

If you have debited deferred tax to P&L then it should be added back to calculate the book profit.
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Raj

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Raj (Expert)
08 April 2009 Finance bill 2008 havebeen cleared that deferred tax would be added/ deducted from book profit u/s 115JB with retrospective effect from the A.Y.2001-02
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
10 April 2009 i support the expert

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