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Advance Tax written off

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 May 2011 whether advance income tax of 1992-93 written off during the current year is allowed as deduction under income tax act??

also advice MAT treatment for the same.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
23 May 2011 Not an allowable expenditure for the purpose of computing total income.
For the purpose of MAT,the said amount is to be added back to the 'net profit' as per Clause(a) to explanation 1 to section 115JB.
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