Arriving Book profit for MAT Calculation
This query is : Resolved
07 October 2009
Dear all
Whether provision for gratuity added back to profit after tax to calculate MAT u/s 115JB of IT Act. Kindly clarify
Thanking you
Whether provision for gratuity added back to profit after tax to calculate MAT u/s 115JB of IT Act. Kindly clarify
Thanking you
07 October 2009
hello mr.shankar ravi
As per provosion of sec115jb of income tax act,first we take profit as per profit & loss accounts prepared as per schedule vi and then add back provision for gratuity if it is not on acturial basis & other items as mentioned in act to arrive at book profit to calculate mat.
As per provosion of sec115jb of income tax act,first we take profit as per profit & loss accounts prepared as per schedule vi and then add back provision for gratuity if it is not on acturial basis & other items as mentioned in act to arrive at book profit to calculate mat.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- TAN for Partnership
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- Last year TDS Claim
- LTCG for Assmt year 26-27
- NON- SUBMISSION OF LLP FORM 3
- Long Term Service award taxability in hands of company
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
