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MAT - Computation of Book Profits - Additions

Income Tax - Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT) - 04 - For the purposes of this section, book profit means the net profit as shown in the profit and loss account for the relevant previous year prepared as per sub-section (2) above, AS INCREASED BY the following amounts if following amounts are DEBITED TO PROFIT & LOSS ACCOUNT - the amount of income tax paid or payable, and the provision thereof; TO BE ADDED NOT TO BE ADDED Income Tax Wealth Tax CDT under section 115- .....

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ther than ascertained liabilities; (that means provisions made to meet unascertained liabilities); TO BE ADDED NOT TO BE ADDED Provision for leave encashment/ warranty on adhoc basis Provision for leave encashment/ warranty on scientific basis Provision for gratuity on adhoc basis Provision for gratuity on basis of Actuary Provision for losses, contingencies Bad Debts written off. the amount by way of provision for losses of subsidiary companies; Even the actual loss of the subsidiary company de .....

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