Dear Members,,
for Calculating MAT,, in Book profit should i include Dividend received
Dear Members,,
for Calculating MAT,, in Book profit should i include Dividend received
Exempt Income U/s 10 do not form part of Book Profit. Hence Dividend income from Domestic company which is exempt u/s 10 (34) will not be added in computing the book profit. However dividend from foreign company will form part of Book profit (i.e will be added to bookprofit).
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