Book Profit U/S 115J
This query is : Resolved
13 September 2008
Can Somone Please Tell me Do Capital Gains
to be Included while Calculating Book Profit for MAT U/S 115J. If Any Case Law / Decision in Favour Of Capital Gains Not to be Included Please Specify.
& What if that Income is not Routed Through P/L A/c is this treatment is not as Per Sch.VI oF cOMPANIES Act
to be Included while Calculating Book Profit for MAT U/S 115J. If Any Case Law / Decision in Favour Of Capital Gains Not to be Included Please Specify.
& What if that Income is not Routed Through P/L A/c is this treatment is not as Per Sch.VI oF cOMPANIES Act
13 September 2008
No Any other head income exclude from calculating mat
13 September 2008
But In Case Laws Like Veekaylal Investments'Case (2001) 249 ITR 597 (Bom) Capital Gain is included For Calculation Of MAT
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