TMI BlogMAT - the profit on sale of the land has to be treated as agricultural income. Therefore, if any such...MAT - the profit on sale of the land has to be treated as agricultural income. Therefore, if any such income is credited to the Profit & Loss account, the same has to be reduced from the book profit while computing income u/s 115JB - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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