Book Profits u/s 115JB
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 March 2010
CORPORATE ASSESSEE FOR Y E 31.03.09. NET PROFIT AFTER NORMAL DEPRECIATION IS RS.91,521/- NORMAL DEPRECIATION AMT IS RS.94,268/-
MY QUESTION IS BOOK PROFITS LIABLE TO TAX U/S 115JB WILL BE RS.91,521/- OR RS.1,89,789/- ??
MY QUESTION IS BOOK PROFITS LIABLE TO TAX U/S 115JB WILL BE RS.91,521/- OR RS.1,89,789/- ??
Aditya Maheshwari
(Expert)
03 April 2010
Rs. 91,521/- as per section 115JB as normal depreciation as per books of accoutns is allowable as a deduction.
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