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Income Tax - Highlights / Catch Notes

Home Highlights November 2014 Year 2014 This

Taxability of advance against depreciation (AAD) – Advance ...

Income Tax

November 4, 2014

Taxability of advance against depreciation (AAD) – Advance against depreciation is reserve or not for computation of MAT u/s 115JB - Held No - AT

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  1. Advance Against Depreciation (AAD) added to Book Profit u/s 115 JB - MAT computation - AAD is a timing difference, it is not a reserve, it is not carried through profit...

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