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Minimum alternate tax

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(Querist)
03 February 2017 Whether Profit on sale of Capital Asset (Land) included in Book Profit U/S 115JB?
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CA ANILKUMAR B.COM ACA DISA

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CA ANILKUMAR B.COM ACA DISA (Expert)
03 February 2017 Yes, capital profit credited to P&L is part of book profit.
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Neha dulhani

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Neha dulhani (Querist)
04 February 2017 whether same will be also included in capital gain head?
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CA ANILKUMAR B.COM ACA DISA

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CA ANILKUMAR B.COM ACA DISA (Expert)
08 February 2017 yes , as per income tax it is capital gain, but indexation benefit will not be available for arriving book profit.

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