Direct tax
This query is : Resolved
23 January 2013
Sir, i want to know the exemptions of
sec 10(38) while calculating book profit u/s 115JB.
I mean that which income/expenses are to be added or reduced from net profit while calculating book profit u/s 115JB.
sec 10(38) while calculating book profit u/s 115JB.
I mean that which income/expenses are to be added or reduced from net profit while calculating book profit u/s 115JB.
23 January 2013
Please refer Proviso to Section 10(38).
.
The Income and expenses related with the Long Term Capital Gain as referred to in Section 10(38)are taken into account.
.
Means-if the P&L Account has already been credited by the Capital Gains amount and debited by corresponding expense, no adjustment is required to be made for computing Book Profit.
.
.
The Income and expenses related with the Long Term Capital Gain as referred to in Section 10(38)are taken into account.
.
Means-if the P&L Account has already been credited by the Capital Gains amount and debited by corresponding expense, no adjustment is required to be made for computing Book Profit.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 270A penalty
- GSTR 1- Amend Credit Note
- Supply to unit situated in SEZ
- TDS AFTER SUBMISSION OF 15G OR H
- Tax liability on gift amount given to blood relation
- International transfer pricing- -> father entity vs son entity ->WHERE NO mutual say in management
- To Whom the Professional Invoice should be Raise
- Reimbursement of expense- GST applicable or not
- Acting as an Agent
- TDS- defaults - old period ie. F.Y. 2012-2013 etc, etc
- Form 104 stamp paper deed
- GSTR 9C- Table 9
- GST Registration Application -Rejected
- Problem in filing Returns for International workers in EPFO
- Clarification for reversal of IGST on transfer of duty-free imported goods from EOU to DTA unit
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
