Mat
This query is : Resolved
26 July 2011
Interest on income tax is deducted from the Profit&loss A/c as per Schedule VI of the Companies Act,1956, my Query is while computing MAT on Book profit, is it necessary to add back the Interest on Income Tax to the book profit?
26 July 2011
As a corollary to clause (a) of explanation [1] to section 115JB, interest on income tax has to be added to find out the 'book profit'.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- PAN Migration to New AO
- Difference in taxation of company leased car
- Real Estate Transaction Structuring with Power of attorney & Beneficial Ownership
- REGARDING GST AMNESTY SCHEME
- TDS-194M Contract
- EBRC Generation
- About AIS Report
- TDS applicability for partnership firm
- TDS on Property
- Form 26QB - Details to filled
- Treatment of Car allowance
- HOW TO PAY GST --CALCULATION OF FORMULA....IF ANY
- TDS u/s 194-IA on the Home Loan Disbursement Amount
- HOW TO CALCULATE FOOD CHARGES
- Demand due to error in 3cd
- Please help with SAC Codes (6 digits) for below mentioned services provided by Chartered Accountant
- Printing Press under Composition Scheme
- CSR funding for private limited companies
- Professional tax deduction monthly
- Refund Application in RFD 01 for Export without payment of tax
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT
CA Deepak Gupta26 April 2025
CAclubindia
