Book profit for mat

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anckoora (Querist)
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27 February 2012 Dear Sir,

While determining the MAT, we have to arrive at Book Profit.
Normal Net Profit after all deduction ( including Directors' Remuneration of 20 lacs)) comes to Rs.5 lacs.
Now, to calculate MAT, while arriving at Book Profit, do we have to add this Directors' Remuneration of 20 lacs in normal profit of 5 lacs ?
Pl. guide me.
thanks
anckoora

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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27 February 2012 No need to add back director's remuneration, since it is an expense either by way of actual payment or created by way of an ascertained liability.

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