Minimum alternate tax (MAT) - profit from sale of agricultural ...

Agricultural land sale profits excluded from book profit in MAT calculation u/s 115JB of Income Tax Act.

June 27, 2014

Case Laws Income Tax AT

Minimum alternate tax (MAT) - profit from sale of agricultural land, which is not a “Capital Asset”, cannot be included for the purpose of computing book profit u/s 115JB - AT

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Minimum alternate tax (MAT) - profit from sale of agricultural ...

Agricultural land sale profits excluded from book profit in MAT calculation u/s 115JB of Income Tax Act.

June 27, 2014

Case Laws Income Tax AT

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