Urgent 115jb related doubt
Shailesh (auditor) (41 Points)
29 April 2014
CA Saroj Kumar
(Keen to learn something new every moments)
(2588 Points)
Replied 29 April 2014
Under section 115 Jb we ddetermining the Book profit for the purpose of computing MAT. Ther is simple provision that those income which are exempt under section 10 shall not be considered for the purpose of computation of book profit under section 115Jb. Hence if profit is not taken into considertaion then loss shall also not be taken into consideration...
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