deferred tax
This query is : Resolved
07 April 2009
Whether Deferred tax to be added back while calculating the working of sec. 115JB or not?
07 April 2009
FBT is allowed as expenditure for calculations of MAT u/s 115JB & no other taxes are allowed.
If you have debited deferred tax to P&L then it should be added back to calculate the book profit.
If you have debited deferred tax to P&L then it should be added back to calculate the book profit.
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08 April 2009
Finance bill 2008 havebeen cleared that deferred tax would be added/ deducted from book profit u/s 115JB with retrospective effect from the A.Y.2001-02
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10 April 2009
i support the expert
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