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????
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Mat profit u/s 115jb & diallowance u/s 40(a)(ia)
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No, they will not be disallowed for computation of book profits. Only items given under explanation to section 115jb are added back or reduced.
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