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MAT - Computation of Book Profits - Deductions

Income Tax - Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT) - 05 - The following amounts are to be REDUCED while computing Book Profits:- the amount withdrawn from any reserves or provisions if any such amounts is credited to the stateme .....

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come to which any of the provisions of section 10 (other than the provisions contained in section 10(38) thereof) or section 11 or section 12 apply, if any such amount is credited to the statement of profit and loss account; The following incomes sha .....

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rom an AOP on which no income tax is payable in accordance with the provisions of section 86 (In case of a foreign company) interest, royalty or technical fees chargeable to tax at the rate specified in Chapte XII or capital gain arising on transacti .....

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ehicle to a business trust in exchange of units alloted by the trust or notional gain from change in carrying amount of such units or gain on transfer of such units, if credited to the statement of profit and loss The amount of income by way of royal .....

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dited to Profit & Loss account and shall be liable to MAT. the amount of depreciation debited to the profit and loss account (excluding the depreciation on account of revaluation of assets); the amount withdrawn from revaluation reserve and credi .....

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f account; Explanation: For the purpose of this clause: LOSS shall not include depreciation If the amount of loss brought forward or unabsorbed depreciation is NIL, then nothing shall be deducted under this clause. the amount of profit of sick indust .....

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