In my Profit and Loss account I have credited Rs. 152,000 as MAt credit Entitlement and An asset has been created, then in this year while computing the Book Profit How will I reduce the amount of MAT Credit i.e. Rs 152,000 cos actually that is not my income but I want the clause as per which I can deduct rS 152000 WHILE COMPUTING MY BOOK PROFIT is IT FALLING under Chapter III i.e. incomes not forming part of total income?