Role of Deferred Tax in computng Book Profit u/s 115JB

This query is : Resolved 

12 September 2008 Whether the amount of Deferred Tax shown in the profit and loss account is required to be adjusted while computing book profit u/s 115JB. Is there any case law mandating so ?

12 September 2008 Its urgent.

12 September 2008 Yes it is added back in mat Profit

13 September 2008 Can you please provide reason for the same ? Because upto AY 2005-06, it was not required for any adjustment.

12 October 2008 It stands resolved.


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