MAT - Addition of debenture redemption reserve in computing Book ...

Income Tax

August 16, 2021

MAT - Addition of debenture redemption reserve in computing Book profit u/s. 115JB - mere fact that the debenture redemption reserve is labeled as a reserve will not render it as a reserve and an amount which is retained by way of providing a known liability is not a reserve within the meaning of explanation (b) of section 115JA / 115JB of the Act. - AT

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MAT - Addition of debenture redemption reserve in computing Book ...

Income Tax

August 16, 2021

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