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Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Computing MAT liability under the provisions of sec.115JB, ...

Income Tax

April 15, 2016

Computing MAT liability under the provisions of sec.115JB, deduction u/s 80HHC shall be allowed after setting off losses suffered on export of trading goods - AT

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  2. MAT applicability - Provisions of sec.115JB are not applicable to the banking company - AT

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  4. MAT computation - amount disallowed under Sec. 14A cannot be added to arrive at the book profit for the purposes of Sec. 115JB - AT

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