In the normal income tax calculation, expenses are disallowed u/s 40(a)(ia) if TDS have not been deducted from such expesnes.
While calculating profit U/s 115JB (MAT), shall such expenses be disallowed also????
Vivek Agrawal (GST Practitioner) (181 Points)
03 February 2017In the normal income tax calculation, expenses are disallowed u/s 40(a)(ia) if TDS have not been deducted from such expesnes.
While calculating profit U/s 115JB (MAT), shall such expenses be disallowed also????
Nikhil Sharma
(Government Service)
(539 Points)
Replied 03 February 2017
No, they will not be disallowed for computation of book profits. Only items given under explanation to section 115jb are added back or reduced.