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MAT - Amount set aside to provision made for meeting liabili, Income Tax |
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MAT - Amount set aside to provision made for meeting liabili |
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Dear All, Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Any liability which are not ascertained and / or are of a contingent nature would fall within this category. Sometimes, it happens that for unforeseen liability some provisions are made but the same are not finalized or ascertainiable. As per Explanation 1, to section 115JB, such provisions are liable to be added to the book profits. Page: 1 Old Query - New Comments are closed. |
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