When we are calculating MAT U/S 115JB
It is written "Depriciation as per books of accounts."
Which Depreciation do we have to take for calculation Income Tax Or Companies Act?
3 Replies
Audit Executive
(taxation)
(186 Points)
Replied 21 November 2014
115 jb talk about book profit .so depreciation at rate provided under companies act excluding depreciation on revaluation
Audit Executive
(taxation)
(186 Points)
Replied 21 November 2014
115 jb talk about book profit .so depreciation at rate provided under companies act excluding depreciation on revaluation
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