MAT Computation - computing book profits u/s.115JB - Provision ...

MAT Computation: Provisions for Ascertained Liabilities Excluded from Book Profits u/s 115JB.

March 11, 2021

Case Laws Income Tax AT

MAT Computation - computing book profits u/s.115JB - Provision for expenses - All these expenses are in the nature of regular business expenses incurred by the assessee during the year for which bills were not received by the year end, leading to creation of a provision. Since such provision is in respect of ‘ascertained liability, the same cannot be added back while computing book profit u/s.115JB - AT

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MAT Computation - computing book profits u/s.115JB - Provision ...

MAT Computation: Provisions for Ascertained Liabilities Excluded from Book Profits u/s 115JB.

March 11, 2021

Case Laws Income Tax AT

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