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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and Alternate Minimum Tax (AMT) - 05 - The following amounts are to be REDUCED while computing Book Profits: the amount withdrawn from any reserves or provisions if any such amounts is credited to the profit and loss account; However, any amount withdrawn from any reserve or provision, credited to profit & loss account, shall be reduced only if the reserve or provision was created by debiting the profit and loss account. the amount of income to which .....

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able in accordance with the provisions of section 86 (Applicable from AY 2016-17) (In case of a foreign company) interest, royalty or technical fees chargeable to tax under section 115A to 115BBE, or capital gain arising on transactions in securities, if income tax payable in respect of these incomes under normal provisions (other than provisions governing MAT) is less than 18.5% (Applicable from AY 2016-17) Income exempt under section 10AA, 10(38) and 80-IA/ 80-IAB/ 80-IB/ 80-IC/ 80-ID/ 80-IE s .....

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