Book profit and mat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 August 2011
For the purpose of MAT u/s115JB,is goodwill written off to be added back to arrive at the Book Profit?
23 August 2011
My view, need to be add back. since Goodwill written off is not allowable expenses under Income tax
Wait for other Experts view also
Wait for other Experts view also
23 August 2011
For MAT purpose for arriving Book Profits of business, Capital expenses or provision for diminution of in the value of asset is required to be added back in the Net Profit
as per P&L A/c
as per P&L A/c
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